On my last post, I explained in clear terms on how cryptocurrencies and blockchain technology will revolutionize the world for good. Click here in case you missed it. And so in this part i'll be explaining the benefits for cryptocurrencies.
Below are some:
- Give people control over their money
Our centralized institutions i.e banks, have made people lost control over their funds. And keeping your money at home isn't the best option. Any presage or economic crisis will definitely affect out funds since they are controlled by third parties.
Cryptocurrencies have put an end to such atrocities as it allows us to gain control over our money. Cryptocurrencies aren't subject to any rule and regulations levied by banks and other financial institutions.
- Offer scalability
Numerous firms posses platforms and brands that is borne out of the need to offer scalability or services and products, nonetheless, cryptocurrency utilizes this policy respectively.
- It is completely decentralized
Cryptocurrencies uses a strong cryptograhpy to secure all transactions on platform. The benefits of cryptograpgy goes over a number of things such as, creation of additional units as well as the verifying of assets. As such, it is impossible to breach this invention since it is not controlled by any third parties or government.
Reference: https://due.com/blog/cryptocurrency-will-make-world-a-better-place/
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