Update 2 writing expendition/Wednesday crypto technology|| by @parineeta

Cryptocurrencies is the newly discovered digital money. These currencies are not use like the paper and coin currency, as they are faster and more trustworthy.Cryptocurrency has the equivalent value as the coin and paper currency.Cryptocurrencies are mainly to abolish the middleman, who are targeted as the banks as they store our money for us. Cryptocurrency is basically supervising virtual money between two parties rather than having third party being involved like the bank to handle. Having cryptocurrencies that are attached to keep track of our transactions as well as manage, filter and sort. It can also govern our transactions for new business, help out with investments in startups, using something new business, assist out with investments in startups, using something new technology-wise and get ready for fraud within transactions. Though, there risks that are linked with crypto currencies towards using for business, it needs proper guidance from the IRS.

Utilising cryptocurrency have made the IRS focused on how buying or selling goods and services effect with taxation in the real-world. Cryptocurrency is convertible value, the discussion can go from cash to virtual currency and vice versa. This outcome the firms or investors to get authorized money to use throughout the world. As per to IRS guidance, generaly the sale or exchange of convertible virtual currency, or the use of adaptible virtual currency to pay for goods or services in a real-world economy dealings, has tax results that may sequal in a tax liability. All the cryptocurrencies transactions which made around the U.S. and many other countries are all occasions that are to be taxed. IRS has passed out the guidline in detail on reporting gains and losses of whoever uses cryptocurrency. Although, the currency is acted as property for tax commitments.

In my opinion, cryptocurrencies are somewhat an advantage for startup companies who requires to accumulate funds. The startup companies can comprise this form of payment of virtual currencies like bitcoin to captivate customers, as bitcoin does have social effect.This will record every transaction where company now has expand and stabilized.Firms who acquire cryptocurrencies do have cybersecurity risks management. As hackers cannot be stopped from hacking in any given incidents or for example cryptocurrencies to hack from in the future. Though, to avert such events to occur, we can prepare and secure crypto currencies. Using such currency just grant the market a boost to do business with fast pace and cost. The market need to adopt and grow the value of use within as its better in transferring.

I believe that crypto currencies are a way to obtain attention from the companies and firms around the world. The use of virtual currencies for investments and specific deals within the real-world seems unreasonable and unfair, the risk towards the investments are not mentioned .

Few of the risks towards cryptocurrencies use are that it unrestricted and anonymous which can hurt somebody's growing business. For example, if a company has running itself for more than 30 years, now decides to move and adapt

cryptocurrency the future can be at endanger. This also puts the 30-year-old company at financial risk which never separated from technology risks.

Having to utilise cryptocurrency within a company, which need to follow IRS guidance that reflects the taxation and the interest gained towards the government should be paid in time. Managing risks also includes clear of virtual money