As rightly said by BILL GATES the future of money is digital currency
Good afternoon to everyone presents here, I am Khushi Maheshwari and today we are here to discuss
about the topic cryptocurrency -a bright future or just a fad?
Gold of future or just a digital bubble
So before starting, let just know what cryptocurrency is
A crypto currency is a digital or virtual currency that uses cryptography to secure, create and
control its transactions. Unlike traditional currencies, which are issued by central banks, crypto
currency has no central monetary authority, operating independently of a central bank.
At present money transactions from one person to another person go through financial
institutions such as banks. The invention of cryptocurrency allowed user to user transactions
without the need of intermediary institutions. Through cryptocurrency, users can directly send
money to other users.
Unlike bank transactions, Crypto transactions are completely anonymous. A person can only
know the addresses of crypto on which the payment has been sent and received. But to whom
these addresses belong cannot be identified. This anonymity feature offers security against fraud
and identity theft.
So now I would like to open the floor to move this discussion ahead
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Bitcoin had a market capitalization of $1072.21 billion as of February 21st,
2021.
The global blockchain market will go up to $23.3 billion by 2023.
The highest number of global daily bitcoin transactions in Q1 of 2021
is 367,536.
Between 2012 and 2020, Bitcoin has gained 193,639.36%
The market size for cryptocurrency will get to $1087.7 million by 2026.
The user index for 2021 shows a 97% confidence in cryptocurrencies.
Turkey is the country with the highest rate of cryptocurrency adoption
(20%).
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