Why Society needs Cryptocurrency
Cryptocurrency is any digital or virtual currency that uses cryptography to secure its transactions. Bitcoin is a form of cryptocurrency and one of the fastest-growing digital currencies among all existing digital currencies. As of January 2020, there existed more than 2000 cryptocurrencies globally, and the number keeps growing. Over the years, Bitcoin has become a much-needed currency among the online fraternity and society. Secure Technology; The use of blockchain technology ensures the security of transactions and client information. The entire cryptosystem is one of the factors that has endeared people to embrace cryptocurrencies. This technology is hackproof and cannot easily be destroyed, offering a better system than the conventional systems used by traditional banks. Transparency; For very unclear reasons, the conventional banks' transactions are more often than not shrouded in mysteries and unspoken rules that, in most cases, create more bottlenecks for the clients...