Most people are well-acquainted with what Cryptocurrency is but have doubts about investing in Cryptography. Is investing in Cryptocurrency safe? What is the future of Cryptography? In this article, we are going to make an extensive analysis regarding the future of Cryptocurrency.

1. The Future of Cryptocurrency –
What’s Written on the Walls?
Image Credit: Crypto coin photo created by freepik
Cryptocurrency or simply Crypto is a mode of
currency that is solely digital and was created
in binary data fashioned to act as an
exchange medium, where the transaction is
made possible through highly encrypted
cryptography. Individuals store ownership
records in the form of coins forming a ledger,
in a computer-based database, which is
highly secured.
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2. Access is made in such a way that they have the
power to control if they want to add up more coin
ownership or if they want to transfer some of it.
Many of the crypto schemes make use of validators
to sustain and conserve the flow of Cryptocurrency.
Image Credit: Cryptocurrency exchange photo created by master1305
Cryptocurrency made its presence in 2009 with the
formation of Bitcoin. Since then, the growth of
Bitcoin has been massive but it was not until 2013
when it caught the attention of stakeholders and
the market.
In 2013, it reached a peak of $266 per Bitcoin after
following a 10-fold surge in the previous two
months.
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3. This was enough to make the investors and media
notice with a keen curiosity. Bitcoin then went to top
the stalk market with a market value of more than
$2 billion.
But then, it suddenly suffered a decrease of 50%,
which put up this question in everybody’s mind,
‘What is the future of Cryptocurrency?’ ‘Is
Cryptocurrency safe and will it be stable enough to
use as a long-run currency?
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Can it become a convenient source of currency and
become as prevalent as Dollars and Euros
gradually? Or is it just a temporary fad which will
extinguish soon enough without reaching its
maximum potential?
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4. It has aroused confusion across the minds of
millions of people globally. So, in this article of
today, we are going to make an extensive analysis
regarding the future of Cryptocurrency.
What Can Become Of
Cryptocurrency In The Near And Far
Future?
One of the most important things to keep in mind
while talking about the future is the rapid
technological advancements.
With technological growth, as cyber patterns and
encryptions are becoming stronger and safer, the
efficiency of hackers is also on a constant rise.
Image Credit: Identity theft photo created by Racool_studio
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5. Hackers can hack through the systems with much
more ease than they used to in the near past. Thus,
they can hack into your crypto wallet and steal all
the information.
Computer crashes can also lead to this misfortune.
But on the brighter side, more secure encryptions
keep your Cryptocurrency safe and even if it’s a
computer crash, your crypto wallets can be
retrieved easily.
Secured encryptions even keep information safe
from hackers and cyber engineers.
Image Credit: Litecoin photo created by master1305
Some companies and businesses have started
using Cryptocurrency as a mode of payment and
transaction.
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6. As it is easy to use, and paper-free, and hassle-free,
the acceptance has been more popular than it was
ever estimated.
It is considered that with the invention of newer
technologies, this percentage of acceptance will
grow even more as better advancements make
Cryptocurrency even easier to use.
Image Credit: Litecoin photo created by master1305
Bitcoin, Blockchain, and other modes of
Cryptocurrency are not only used in the share and
stock market but also in other fields and industries
such as the medical sphere, insurance, fintech, etc.
The growing popularity hints at the fact that with
more acceptances, our dependency on technology
for day-to-day activities is on an ever-rising scale.
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7. The Benefits
The governments have seen Cryptocurrency as a
way to get deep into the roots of the technological
revolution.
Image Credit: Value for money photo created by freepik
With the extensive use of Cryptocurrency, the
governments have imposed several rules and
regulations which the Cryptocurrency companies
are liable to follow.
The regulations are placed to control the legitimacy
of the currency in countries’ businesses and
consumers.
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8. It is perceived that these regulations will increase
even in the upcoming years to track the usage of
Cryptocurrency in daily activities.
One of the main benefits of using Cryptocurrency is
the secured transaction as Crypto encryptions are
very safe and secure.
Image Credit: Save money photo created by freepik
Blockchain has maintained a record of never being
hacked and its sources show the level of security
statistics it follows.
The only way through which hackers can hack
through cryptography and decipher the encrypted
codes are the vulnerable companies whose
information is linked with crypto wallets which can
easily be deciphered and hacked.
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9. But this apart, Cryptocurrency is a much-secured
form of transaction and can be used for long run
securely in the future.
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Several issues have been solved using
Cryptocurrency as a currency medium, at first of
which comes the third world nations can make a
profit off much better by investing in Bitcoin,
Blockchain, rather than investing in stocks and
shares.
These developing nations fall much behind the
developed countries in monetary terms and thus,
their share measures are in stark contrast.
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10. Cryptocurrency thus has helped these countries
make a profit and maintain a balance with the
affluent, rich countries.
What Can We Conclude
Henceforth?
Though Cryptocurrency’s future is still in question, it
is confirmed that the system shows limitless
potential if used systemically.
Image Credit: Value for money photo created by freepik
Though it still seems like a not-so-trusted medium,
there are certain transactions where
Cryptocurrency is viable.
The main fear in people regarding Crypto
transactions is its nation-less nature, as
Cryptocurrency claims not to be controlled by the
government, but this is changing as governments
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11. worldwide have started imposing regulations over
Cryptocurrency companies.
With passing years, Crypto will mature and become
more and more stable. This will ensure the
steadiness of Cryptocurrency and thus, make the
transactions easy to transfer.
Image Credit: Golden coin photo created by freepik
It will also be able to become value storage which
can thus, be then extensively used by all businesses,
including the government, and gradually become a
daily part of our lives.
Cryptocurrency is still in its early budding stage and
this makes a lot of people skeptical about its source
and usage. But one thing is for sure, Cryptocurrency
is not going to fade away too soon.
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12. It has come to stay and it will stay, slowly getting
incorporated into our daily activities.
It is only a matter of time to see this havoc change,
especially in terms of security – now that secure
modes like crypto wallet hardware are available
widely.
Thus, the future of Cryptocurrency is bright as it is
slowly on its path of recognition and usage by more
and more people and industries.
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