WHAT FUTURE FOR CRYPTOCURRENCY?

While the crypto-currencies are still more passionate investors who follow with feverish courses (and record increase) virtual currencies, but also entrepreneurs and the world of venture capital that begins to turn massively to the ICO, the particular he, too, inquires and forms himself on this subject, which is so fashionable and revolutionary. Encrypted currencies seem to have a bright future ahead of them. But is this really the case?I offers you an overview of the probable scenarios around cryptocurrency. Currency of the future or the biggest financial crash in history, it's up to you to get an idea of ​​the future of encrypted currencies.

THE BUSINESS IS ALIVE WITH ENCRYPTED CURRENCIES
In this first scenario, we start from the point of view that the encrypted currencies will continue to coexist with the classic currencies, governed by the big central banks, but will not take the rise to which they are predestined.

Coins penalized by the regulation of central banks
Many factors play against the encrypted currencies. First, their primary characteristic: they are not regulated and regulated by a central bank. It is both an advantage and a disadvantage. But the advantage should not last long. Indeed, if Bitcoin or any other encrypted currency starts to take on too much importance, the States and central banks will intervene to regulate it and would lose all its interest.

And on the downside, the lack of regulation is undoubtedly at the origin of the sulfurous reputation of the encrypted currencies. A negative image not easy to forget and should therefore remain a disadvantage even in case of regulation. It must be said that the first uses of virtual currencies were at least illegal: trafficking of arms, drugs and human beings. Faced with this blackboard, several countries have launched a major offensive against crypto currencies, like China, which closes all Bitcoins stock exchanges and prohibits ICOs to fight against money laundering and escape tax.

Cybercrime and scams: the success of tainted cryptocurrency
We also think of the many cases of piracy that still tarnish the image of encrypted currencies that despite a technology that makes them impossible to counterfeit (the famous bockchain), still struggling to prevail in the minds of ordinary mortals as a safe and inviolable solution. Perhaps because the notion of "over-the-internet" refers too much to the idea of ​​piracy and illegality? Still, indeed, piracy remains one of the major problems of encrypted currencies. Ethereums corresponding to $ 30 million stolen in July 2017 because of flaws in the securing of websites offering purses marked the spirits. And too bad if there has never been hacking related to the protocol itself, either on Ethereum or Bitcoin, because of Blockchain technology, eminently reliable and inviolable. Indeed, if bitcoin and other crypto currencies seem impossible to hack, it remains nonetheless that they are vulnerable to major risks such as theft of wallets or scams.

The appearance of the forks could harm the stability of crypto currency
Another negative point of the crypto-currencies that could contravene their development: the Forks of all kindsand creations to pull-larigot. The duplications of bitcoin, begin to multiply. There was Bitcoin then Bitcoin XT, Bitcoin Classic then Bitcoin Unlimited, Bitcoin Cash, Bitcoin Gold. The Ethereum is not left out and also undergoes Fork (a split takes place and a new currency is created from the old technology), which makes us say that well-established and relatively old encrypted currencies are also not immune to changes. It should also be borne in mind that new crypto-currencies emerge regularly, with varying degrees of success. In short, it is a sector in full change, where the lines move continuously, and this flagrant lack of stability can harm the rise of virtual currencies, or at least to those who wish to invest in these cryptocurrencies.

Cryptocurrencies are particularly energy intensiveand while this may sound anecdotal, it is without a doubt a point that could hinder the development of crypto-currencies. Just think that every bitcoin transaction requires as many kilowatt hours as a US home over a week. According to specialist Digiconomist, the bitcoin protocol and IT infrastructure consume more than 26 terawatt-hours of electricity per year, or 26,000 billion watt hours. And the energy consumed in one year by bitcoin could feed 2.35 million American households. So of course the Bitcoin technology is relatively outdated compared to other crypto currencies such as Litecoin, Ethereum or Ripple. The transaction in Bitcoin takes a long time before being validated and is particularly energy-consuming. Never stop!

WILL CRYPTO CURRENCY REPLACE CURRENT CURRENCIES?
"At present, virtual currencies like Bitcoin do not yet pose a threat to the existing order of fiduciary currencies and central banks. Why ? Because they are too volatile, too risky, too energy consuming, because the underlying technologies are not sufficiently scalable, many of them are too opaque for regulators and some have been hacked. But many of these flaws are just technological challenges that could be overcome over time. "

These are the first words of Christine Lagarde's speech at the Independence 20 Years conference organized by the Bank of England in September 2017. And she then added "Citizens may one day prefer virtual currencies" ("Citizens may one day prefer crypto-currencies "in French).

Will crypto-currencies replace our current currencies? Some elements go in this direction. Overview of events and facts that demonstrate that virtual currencies could gain ground very quickly ... until occupy in full?