Cryptocurrency is one of the rising topics on the internet. The recent rise of Ethereum and NEO, a new cryptocurrency, has again ignited the topic among its developers and enthusiasts. This has also prompted an increased sale of graphics cards and other mining hardware. This is apparently good for hardware manufacturers, but bad for normal consumers as most of the hardware stock is bought up by miners, increasing the price substantially.
1.CRYPTOCURRENCIES ARE WIDELY ACCEPTED AND CAN BE USED TO BUY A LOT OF THINGS
Just because cryptocurrency is a digital currency, it doesn’t mean that it can only be used online or traded with similar currencies. Cryptocurrencies are accepted almost everywhere- from online shopping portals to the restaurants. You can also use Bitcoins to order pizzas! And, what if we told you that a guy in 2010 used 10,000 Bitcoins to get two pizzas? If he didn’t made the choice, he would have a wealth of over $20 million now.
2.THE FUTURE OF CRYPTOCURRENCY
The future of cryptocurrency is extremely bright. The market is growing with new cryptocurrencies. Startups are also focusing on taking the advantage and making the most out of the ICO. Also, the fact that cryptocurrencies are universal makes it a part of the bigger picture. However, cryptocurrencies’ anonymity is used for illegal activities such as drugs, child pornography, etc. It is also widely relevant in the dark web, where all of these illegal activities take place.