Why does the World need cryptocurrency?

Why does the World need cryptocurrency?

No matter how we resist this complex and interesting phenomenon - cryptocurrency, and sooner or later we will all have to not only accept it, but use it in everyday life. The future of crypto is already a fact.

Already more than 300 million people around the world have their own crypto assets. The numbers are not accurate, the reality is much larger.

So why do we need "cryptocurrency"?

I have three answers to this question:

1. This is a new kind of money. Fiat paper bills and coins are already obsolete. Constantly changing, printed nonstop, depreciating faster than we can save something. As a result, you run in a circle like a squirrel in a wheel. Only every time it gets faster and faster to earn $ 100, and more and more efforts.

Having an asset in tokens, you get more pluses than minuses. Inflation won't eat them. Everything fits in an application on the phone, for example in #yllomessenger. The cost increases with the number of users. Can be used anywhere in the world.
Of course, there is a risk, this is a new direction. But no more than keeping money in the bank.

2. Environmental friendliness. You do not need to spend a huge amount of resources for production. Flax and cotton are usually used for the production of banknotes. These crops can be put to better use.
Cryptocurrency production - electricity. The more powerful the computer, the more "mining". You can no longer print. And at the dawn of the heyday of lighttokens, you don't need to mine at all. For example, light token #xlt - emission of 100 billion. In general, cryptocurrency breaks the paradigm of currency emission. Once and that's it.

3. Security. This is of course a controversial issue. And today there are many cases of hacking of crypto-exchanges, wallets, etc. However, having come to the bank, you may simply not be given your deposit, or simply write off the money from the card, or simply block the account as allegedly suspicious.

I will write about this in more detail in the next post. Follow the news, it will be interesting.