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Why Crypto Is Inevitable - Science/Technology - Nairaland

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Why Crypto Is Inevitable by Pathway2Gold: 1:06pm On Aug 12, 2021
WHY CRYPTO IS INEVITABLE

Crypto Currency to some people is another form of Ponzi. While to some others, it’s more or less a bubble. Irrespective of how bad you view them, this article is for you.
Crypto Currency is a form of digital asset that is decentralized without any form of Government control or central authorities. The word ‘crypto’ was derived from the encryption technique used to secure the network through a ledger called the ‘Blockchain’. This ledger is responsible for the storage of transactional data which is duplicated across disparate network of computers thus providing Integrity in the Blockchain.

The first crypto currency to be created is Bitcoin, which was invented by an anonymous person (or group) named Satoshi Nakamoto. After this various other crypto currency popularly called Altcoins came to life. Most notable are Ether, XRP, Binance coin and so on.
This new ‘Scam’ as some financial analysts call it, is here to stay. Crypto Currency was created to bridge the gap of payments across the globe and be free from government interference or central control. They also wanted it to be an electronic cash system with no trusted 3rd party. However its popularity has caused a lot of technocrats to be attracted toward acquiring it and adopting the Blockchain technology to solve various real life solutions.

Innovations like DEFI crypto currencies and faster transactions are amongst the notable features some crypto currency now offer. DEFI means ‘Decentralized finance’ which is a system by which financial products become available on a public decentralized blockchain network, making them open to anyone to use, rather than going through middlemen like banks or brokerages.
Moreover, Crypto currencies like Bitcoin cash and XRP are leading the chart towards attaining a payment system which is faster and most importantly cheaper when compared to what any existing Bank can offer. Nano and Iota are even tilting toward feeless transfers, irrespective of where and the time that transaction is made.

It is very understandable for people to be skeptical about new innovations. But it will be unwise not to at the very least research about one that seem to be seeing the light of the day, especially when experts and intellectuals back it. Don’t let this opportunity slip away. You are still early!

Re: Why Crypto Is Inevitable by maiiilooo(m): 1:11pm On Aug 12, 2021
Just buy wink and wait and see.
Re: Why Crypto Is Inevitable by Authoreety: 2:03pm On Aug 12, 2021
maiiilooo:
Just buy wink and wait and see.
which one be wink again..

Mind you it will be hard to find anyone as successful as bitcoin

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Re: Why Crypto Is Inevitable by maiiilooo(m): 4:02pm On Aug 12, 2021
Authoreety:
which one be wink again..

Mind you it will be hard to find anyone as successful as bitcoin
i wont say much. But if u realy understand how crypto currencies works then u get ma point.
Re: Why Crypto Is Inevitable by Krch: 5:41pm On Aug 12, 2021
True

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