So What Is Cryptocurrency, Really? - Everything You Need To Know

nexuslabs (40)in #cryptocurrency • 7 years ago (edited)

Essentially, it’s cash that does not have physical embodiment; it’s code stored on a decentralised network, or Blockchain, that is used as a store of value for the exchange of goods and services.

Because it’s decentralised, it’s not subject to inflation and has no territorial or usage restrictions. You can’t even be robbed because all transactions are anonymous and immutably recorded on the Blockchain. Pretty amazing, right?!

No one in this world ever need to go to a bank, they are their own banks! Forget plastic cards; their mobile smart devices are their wallets. They can not only buy and sell goods locally but all across the world.

So, what are cryptocurrencies? They’re bliss.

Sounds too good to be true? Well, this is the future that is unfolding right under your nose, right here, right now.

It all began rather inauspiciously in the fall of 2008 when Satoshi Nakamoto quietly published a White Paper entitled "Bitcoin: A Peer-to-Peer Electronic Cash System”

Less than a decade later, hundreds of different forms of “electronic” or “digital” cash systems exist and with each passing day, more and more individuals are getting wind of this quiet financial revolution. The powers that be, too, are seeing the writing on the wall. Make no mistake, though, they know very well that the end of their fiat currency based empires is nigh. Do you?

Welcome to the future of currency!

Where we go from here is up to you.

Are you part of the quiet cryptocurrency revolution? Share your thoughts with us in the comments section and do not forget to share this post with your friends and family!

Here to serve,
Diana Moiseenkova

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