Hellow Riters, Hope you are healthy, hope you are doing great! Today lets discuss about those Adas and Doges’, I mean Cryptocurrency. So, lets dive in.
Token to Freedom
Cryptocurrency is your token to freedom, You and only you are its owner. You have full control over where to spend it when & how, no Government or Bank can control it, no Govt. can block or freeze it. Demonetization, hyper-inflation and other risk factors due to the Central System are not present.
Probably the best reason to own a Cryptocurrency is the Cryptography behind it. It can’t be forged or attacked, also your identity is hidden, encrypted and safe. Blockachain technology ensures secure digital transactions through encryption and “smart contracts” that make the entity virtually unhackable and void of fraud.
Anybody with access to Internet can access the crypto, and use it. Even the people who don’t have rights to use to traditional exchange systems can access it.
Even though Cryptocurrency prices are volatile the returns has been way higher than the traditional Stock markets. Also several organizations like Blockfi provide you Interest over your Crypto assets. And the high liquidity of this asset makes it worth investing at least a little portion of your portfolio
With Blockchain, all you need is an internet connection and a smart device to instantly become your own bank making payments and money transfers. Also coins like Ripple (XRP) empower cross-border settlement and currency exchange in real-time by allowing banks & money-transfer institutions to join their distributed ledger network.
Bonus – The other unique reason to own a Cryptocurrency is the uniqueness it brings on the table. Each coin is separate in its functionality and usuability, like Ripple is used for cross-border settlement, Bitcoin can be used as Gold to store wealth, Ada (Cardano) can be used to build smart contracts and in turn create decentralized applications.
To Know more about Cryptocurrency do read our Beginners’ guide to Crypto!
Thank you for reading.