Cryptocurrency - what to choose?

Peace To All!

Experts have different points of view about cryptocurrencies and blockchain.

Most are sure that these are technologies that can change the world.

Others believe that there are many obstacles to the universal application of these technologies.
Let's study the main pros and cons of cryptocurrencies and blockchain.

Advantages of cryptocurrency:

There is not a single asset similar to cryptocurrencies.

This technology is based on the principle of blockchain.

Blockchain has given cryptocurrencies the opportunity to compete in industries such as bank transfers, electronic payment systems, and public money.

Unlike the listed tools, cryptocurrency technology has its advantages.

Decentralization

Many cryptocurrencies carry out their activities in a decentralized manner, following a certain algorithm.

State bodies do not control them and all blocks have the same rights, which ensures their equality among themselves.

In some networks, the algorithms of cryptocurrencies cannot be edited even by the developers themselves.

An example of such a network is Bitcoin.

Low transaction and exchange costs - read more here https://fast-change.net/

The basis of transactions made in cryptocurrency systems is the concept of P2P, excluding the activities of the control body.

There is a significant reduction in the commission assigned for money transfers, due to the reduction of network maintenance costs.

Due to the low cost and absolute simplicity of cryptocurrency exchange, it is better to keep your money in several currencies.

The main thing is not to lose the link to the