Why Cryptocurrency?

Well, one misconception is that cryptocurrency is a way to gain, but in reality, cryptocurrency is used in many ways. As cryptocurrency is the start of WEB3, which basically means that Crypto is a decentralized currency. For example, third-world countries are using bitcoins to help with inflation like El Salvador, and transactions can be sent across the world within seconds. Going back to "Why Crypto?", and the possibility of a universal currency is the answer.

What can you gain?

Other than gaining money, you can gain a better understanding of today's world around you. there are many events around the world that are involved with cryptocurrency and understanding how cryptocurrency can impact the world is important. You can also gain from the transaction of cryptocurrency, which crypto transactions are decentralized and be sent anywhere within seconds.

Cyptocurrency around the world

Cryptocurrency affects the world and the world affects Cryptocurrency, it goes both ways. Cryptocurrency affects the world because of its universal use and its decentralized use. The effects can go the other too, like price dropping due to current events in the world. If you want know about cryptocurrency news and the impact it has in the world you can click here

Cyptocurrency News

Bitcoin vs. The U.S Dollar

Bitcoin

Bitcoin is a limited source (max: 21 million bitcoin). This limit is known as the hard cap which is encoded on Bitcoin's source code
Bitcoin is not controlled by a government
Uses a proof system, where bitcoin proofs transactions, buy and sells

U.S dollar

After the Government got rid of the gold standard and the U.S dollar is not being backed by anything. Which makes the U.S dollar a fiat currency, which can lead to inflation.
Uses a trust system. You need to trust the government with the U.S dollar and trust banks to send transactions

Page updated

Report abuse