The year of 2017 was a tech-packed year. Breakthrough technologies redefined industries, blurred traditional boundaries and created new opportunities which were never seen before. The blockchain technology was no behind, in fact it’s known as the year of Bitcoin. New investors crossed their fingers to profit from the unexpected price fluctuations. While others we still uptight about investments.
Time to loosen up you old bugs!
Well, yes. We can’t deny virtual currencies are still not embraced to the same degree as the traditional fiat currency. There are still so many ways the world has all new hope because of its dramatic impact (or in the days which are to come.) So, let’s dive into it shall we?
No More Tears
Cryptocurrency was founded on the foundations of privacy and security. We’re talking about all the anonymous transactions and payments you can make. Beyond a shadow of a doubt, there have been several conspicuous instances of scams within the crypto-space.
But, it’s a constantly evolving space where new and solid security measures are being worked upon to fight the next possible attack. Since, cryptocurrencies operate separately from the traditional banks and are transferred electronically through a blockchain ledger system. The overall fraudulent incidents will be minimum. So, there will be no more silent tears of loss and anger!
The Crowdfunding Party
New doors have been opened to join the crypto-party! But, what is crowdfunding anyway? Basically, small amounts of capital is gathered from a large number of people to finance a new business adventure. Are you with us? Or did you get lost?
To further simplify, in the crypto-world Initial Coin Offerings (ICOs) or other types of token sales are used to launch a new coin, app or service. Now because the crowdfunding trend is popular everyone has an access to a wider pool of promising funders than ever before.
They say; promises are like pie-crust, made to be broken. We hope not! Since, the blockchain technology promises us many things and we’re counting on it! This breakthrough technology allows to store and share data or information in new secure ways.
All the critical information and data kept a secret by the governments and institutions around the world, making collective advancements impossible.This technology could help finish the scientific roadblocks everyone faces and provide an access to real-time data. Making scientific promises easier to be kept! Fingers crossed for all the science-geeks out there!
Be Your Own Boss
7.442 billion people in the world and many of them are reluctant to keep their money in the banks or any other financial institution (at least who have an access to one.) But, to keep all your hard earned money stuffed in a pillow case at home isn’t the brightest of ideas either!
A sign of an economic crisis, can be a matter of serious concern for the all their savings, What’s the alternative? Cryptocurrency! It can provide an alternative access point to the broader financial world. Since, it allows the money to be transferred from the banks and right into the hands of the people. Not being subject to the rules and regulations of any financial institutions.