Benefits of Implementing Blockchain Technology in Charity

Charitable giving is on the rise, mostly due to resilient economic conditions in North America and Europe over current years. According to Giving USA, 2017 was the first year that contributions from the US crossed the $400 billion mark, a rise of five percent over the preceding year.

While contributing to charity may deliver us with a warm glow, few people stop to consider exactly where their donations end up. Charity fraud is a global issue, creating a risk that donated funds end up being siphoned off through scams or corruption.

What can Blockchain do for Charity?

Blockchain technology is creating waves in many sectors such as supply chain due to its functionality in providing a secure, unalterable record of value transfers. This makes blockchain the ideal technology to bring transparency to the distribution of charitable donations.

Using an open public ledger, a charity or NGO could collect donations in a digital currency. Each unit collected is traceable from the moment it’s contributed to the point that it’s spent on goods or services. Cryptocurrency transfers are peer-to-peer, meaning that charities could also decrease fees incurred by intermediaries like banks or foreign currency exchange services. 2017 and 2018 saw a proliferation of tech start-ups generating blockchain-based digital tokens to crowdfund their new business venture. While the regulators have now started to clamp down, in 2019 blockchain innovators are now turning to regulated token generation events, known as security token offerings (STO.) Charities and NGOs could similarly use such a mechanism to crowdsource donations for their endeavours.

Furthermore, blockchain-based smart contracts could even automate the distribution of funds for particular projects. For example, if a charity collects funds to build a school, the funding could be released by smart contracts in stages once specific milestones of the construction project are completed. Some projects are already working on these kinds of solutions for charities. Alice is one example. The tech firm is collaborating with the Charities Aid Foundation and Imperial College London to develop a blockchain-based platform aimed at transparency in charitable fundraising.

How the Blockchain Community is Giving Back

The Bitcoin boom of late 2017 and early 2018 saw massive growth in the market size for cryptocurrencies and blockchain. Now, some blockchain firms are demonstrating their commitment to social responsibility by setting up charitable initiatives. In many cases, these are also leveraging the benefits of blockchain in managing charity funding.

#VoiceYourLove

For example, Tron is a decentralized application protocol, launched in 2018. The project is managed by the Tron Foundation, a non-profit based in Singapore with tech wunderkind Justin Sun at the helm.

Tron recently announced its collaboration with the ALS Association on an awareness campaign timed to coincide with Valentine’s Day, called #VoiceYourLove. The ALS Association had enormous success back in 2014 with the Ice Bucket Challenge, which went viral on social media. The new campaign invites people to create videos where they talk about their loved ones. Contributions to the #VoiceYourLove campaign will be tracked through to distribution using blockchain, with the results published at the end of the campaign. Sun himself has personally donated $250,000 and is “urging others in the blockchain industry to voice their love by donating to help find a cure.”

We strongly advise you to make your contributions to charities that accept bitcoin and other cryptocurrencies that work towards causes that resonate on a personal level.

What Is Blockchain Governance?

To understand blockchain governance, we need to first get a fair idea of what the word governance means, read on to know more.

Humans tend to interest each other and build tribes, villages, town, cities, or empires. With that comes societal norms among those who are living with or near each other. These rules have different ways of pending into existence. It doesn’t matter if the governance is the real world or the digital world, there are shared underlying principles within both.

These principles are: Rules, Rulers, Participants.

Governance can be commenced by a government, market, network, or social system (family, tribe, development team, etc.).

For a governance procedure to work successfully, the above three principles will need to play nicely with each other. For example, the rules should be aligned with the overall participants’ goals, and the rulers should enforce positive and negative actions within this governance structure. Now that we have a basic and simple understanding of governance, let’s see how this is taking place in both the typical world and the blockchain world.

Blockchain Governance

All organizations and software advancement projects need a way to agree on and to finalise each decision along the roadmap. Most organizations are centralized and have a leadership team. Several strategies for governing the decentralized blockchain have been developed.

Effective blockchain governance includes:

Incentives

Methods of coordination

Before diving into the niceties of how governance works on blockchains, it’s significant to have a clear meaning of what blockchain governance is. Every blockchain is a growing system which needs to change to meet the needs of its users. If a blockchain isn’t relevant and useful, then it won’t survive, it needs to be able to evolve and adapt. To evolve, the blockchain needs to make changes and needs a way to make final decisions on what these changes should be. Organizations usually have a leadership team or a CEO who is the final authority for their organization. However, blockchain is designed to be decentralized in its nature, and not be under the regulations set by any person or group. This means that blockchain needs another way to make decisions regarding the blockchain’s roadmap.

So, blockchain governance in order to be effective, it needs to include both incentives and methods for members to coordinate. Without incentives, members won’t participate in governance and the blockchain will become less aligned with user needs over time. Without a method for members to coordinate, it will be impossible for a blockchain network to come to an agreement on future changes.

5 Reasons To Invest In Cryptocurrencies

With prices rocketing back from the lows. In fact, many cryptocurrencies have doubled from their recent low prices over the last several weeks. Here are a few reasons why you should get your hands on cryptos, and make them one of your investment options:

The Market Is Still In Its Infancy

Cryptocurrency is less than a decade old. Bitcoin was launched in 2009, and other major crypto names are far younger. By way of comparison, the New York Stock Exchange began in 1792 and commodities have traded for many centuries.

Volatility is the hallmark of a new market. As exchanges and investors adjust to the new products, massive price swings are inevitable. This is why, despite my bullish bias, I say to only risk what you can afford to lose when investing in the novel cryptocurrency markets.

As the market matures, volatility will decline to create smoother equity curves for investors in both directions. Make no mistake, the inevitable decline in volatility will take much of the enormous profit potential out of the nascent market. This is why now remains an ideal time to buy despite the high risk for extreme return-seeking investors.

Regulations Are Not A Bad Thing

There is a broad fear among cryptocurrency adherents that regulations will ruin the market. Many of the early adopters and creators of cryptocurrency have a strong anti-authoritarian, anarchist bias. In other words, these folks hate the government, regulations, and anything that interferes with the free market.

The early adopter’s utopian worldview — the dream to live in a world where everyone interacts fairly and peacefully — remains nothing but fantasy in the real world. As unfortunate as it may be, regulations are a must for a smooth and fair operating exchange.

The anarcho-capitalist movement that spawned cryptocurrency, and the underground commerce sites like Silk Road, is quickly becoming less of a factor in the growth of cryptocurrencies. A strong argument can be made that regulations are a must for the continued success of the crypto market. The fear-based selloffs triggered by regulation announcements and rumours make ideal buying prospects for savvy investors. An example of this was the steep sell-off that occurred when South Korea announced a slate of regulatory measures. The move was way overblown, and crypto quickly recovered from the selling. This happens again and again, creating an exploitable pattern.

Real World Applications

Crypto has moved away from the anarchist’s preferred means of exchange into the mainstream. However, it is not entirely mainstream enough to squash the upside potential. This means now is the time to buy before it’s too late!

Everyone knows bitcoin is being accepted at more and more locations around the globe. Since it was the first mover in the space, it is the leading cryptocurrency and has gained relatively widespread acceptance in the real world of commerce.

Other crypto projects like Ripple serve to transfer fiat currencies around the world. Crushing legacy systems like SWIFT regarding time and cost, Ripple and XcelToken Plus are the leading players in the conversion of money transfer systems into the digital age. Rumours abound that even Starbucks has plans to accept Ripple and Litecoin as payment within the next five years. Should Starbucks come on board, expect a massive move by retailers in this direction. Ripple is just the tip of the iceberg coming to real-world applications of the blockchain and cryptocurrency.

Platforms like XcelTrip allow those holding cryptocurrencies, to travel anywhere with cryptocurrencies.

Bigger ICOs

Initial Coin Offering (ICO) has become a favorite way to raise capital over the past year. Often built on the Ethereum network, ICOs use vast numbers of tokens which, in turn, increase the demand for Ether, the cryptocurrency of the Ethereum network.

These types of offerings have reached the billion-dollar stage with Telegram, a messaging app, and the old school company Kodak both recently announcing plans to launch ICOs. We will only see ICOs grow more extensive and more legitimate over time, increasing demand for Ether and other backbone blockchain network cryptos.

The Banks And Institutions Are Coming

Primarily a retail investor phenomenon, cryptocurrency has attracted the interest of major institutions, banks and hedge funds. Multiple cryptocurrency hedge funds are springing up around the world, increasing the demand for the cryptocurrency. At the same time, considerable institutional money is starting to flow into the space. Attracted by the high return potential, institutions are in the early stages of accepting the asset class.

The amount of institutional money available for the new market is staggering. Should institutions, banks, and hedge funds embrace digital currency, the upside is truly unlimited.

Keep all these points in mind and invest in a token that has real world transaction usage and that also provides long term profits.

Busting Crypto Myths

Cryptocurrency is “a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.” Cryptocurrencies in India are uncharted territory and seem to be one that is understood very little that people are vary of investing in them. Here is a list of myths revolving around cryptocurrencies that are busted:

Myth 1

Cryptocurrency Is Not Taxed

Yes, there is no central expert involved and there are no banks involved. But this does not rule out that the digital currency avoids being taxed. It is just any other transaction and you are taxed whenever you sell it or whenever someone pays you in cryptocurrency.

In India, when you trade in cryptocurrencies and make a profit, and if that profit exceeds 10 lakh rupees, you have to pay 30% on the profit. This is for short-term gains where there is no minimum time period for holding the investment. For a long-term gain, where your asset needs to hold for at least two years, you will be taxed 20 percent on the profit.

Myth 2

Cryptocurrency Doesn’t Have Any Real Money Value to Them

This is perhaps the biggest myth about cryptocurrencies since there is no material asset that is backing them. However, the people who trade in cryptocurrencies believe in the inherent value of it, which has been supporting the system since 2008.

As long as there are people who believe in and understand the value of cryptocurrencies, they are here to stay.

Myth 3

They Are Illegal Forms of Digital Money

Although the currency has been banned in countries like Bolivia, Russia, Algeria, Ecuador and Trinidad; EU nations, G7 nations, and the USA have made cryptocurrency a legal tender.

India’s previous Finance Minister, Mr. Arun Jaitley pointed out in the Budget 2018-19 that the Blockchain technology will be explored to promote digital and safe transactions. The transactions in cryptocurrency are not banned in India and are thriving.

Myth 4

Cryptocurrencies Are Used for Criminal and Illicit Purposes

While one event of the Silk Road Raid in 2013 exposed the use of millions of dollars in Bitcoin for human and drug trafficking, cryptocurrency is yet to be regulated. Yes, some criminal cases record the use of cryptocurrency to get money, however, India has obligatory KYC (Know Your Customer) procedures in place for trading in cryptocurrencies to reduce the chance of any unlawful use of the digital money.

Myth 5

Cryptocurrencies Are Easy to Hack

Using a platform to trade in cryptocurrencies is just like any other platform for trading. Upping the security on wallets where trading in cryptocurrency is facilitated is the only way to secure your wallet and enable safe transactions.

Myth 6

There Is Only One Huge Blockchain In Place

There absolutely is not. There are many blockchains. Blockchain is just a technology that caters to different problems- they may be public or private versions of blockchain, the source may be open or closed, etc. While one type of blockchain might back Bitcoin, others might support other cryptocurrencies like Ethereum, Ripple, XcelToken Plus etc.

Myth 7

Blockchain Is A Cloud-like Database

What is important to remember is that blockchain is just like a ledger- it only keeps a record of the transactions. In its entirety, this is the ledger that is backing cryptocurrencies and ensures that transactions are safe, not repetitive and are transparent. Blockchain cannot store any ‘files’. It only comprises a code for the transaction that took place.

Myth 8

Cryptocurrencies Are Not Accepted as a Form of Payment

Cryptocurrencies came in 2008. Slowly and steadily, their virtue has been realized by people who are investing in it. Big companies like Microsoft, Fiverr, Dell and Expedia have started to accept Bitcoin. However, while buying cryptocurrencies is not illegal, cryptocurrencies are not recognized as legal tender in India. Meaning, it is not allowed as a payment option in India.

Myth 9

Cryptocurrencies and Its Transactions Are Untraceable & Anonymous

The blockchain, a public ledger maintains a record of everything. There exists anonymity, but in extreme cases, identifying users and their details is not a difficult task.

Just like any other platform, there is user anonymity, but it’s not absolute.

Myth 10

Blockchains Have No Business Use

The fact that ex-Finance Minister, Mr. Arun Jaitley quoted the need to explore blockchain to promote digital transactions says a lot about its sanctity.

In fact, they might be the next big thing in the investment sector. Japan has already legitimized them and has set a self-regulatory body as well.

Blockchains are the perfect database- they store information, keep it secure, permanently store records and transactions are traceable and cannot be easily hacked.

Conclusion

To sum up, since cryptocurrencies is still an unmapped avenue in the Indian market, a little more information around the topic can go a long way in helping investors take a call whether they would want to venture into the virtual currency space.

If you are someone gearing up to purchase a Bitcoin or other cryptocurrencies, I suggest you weigh the pros and cons of investing very carefully and be very clear about their use and tax treatment in India before you make a decision.

How to Buy Cryptocurrency?

The method of purchasing and selling cryptocurrency has been made a lot easier over the last few months. There are five significant aspects that you must think about before purchasing any cryptocurrencies or to buy some XcelToken Plus (XLAB):

Location

To find out how and where you can buy cryptocurrency, it is important for you check your country’s regulations.

Payment Method

The most common and accepted payment methods to buy cryptocurrency include: credit card, bank transfer or even cash. Different websites accept different payment methods, so you’ll need to choose a website that accepts the payment method you want to use.

Type of Cryptocurrency

Not all cryptocurrencies are available for purchase on every website. You will have to find a website that sells the cryptocurrency that you want to buy.

Cost of Fees

Each website has different fees. Some are cheap, some are not so cheap. Make sure you know how much the fees cost before setting up an account on any website. You don’t want to waste your time verifying yourself and then find out the fees are too high!

How much you can afford

As with any investment, you should never invest more than you can afford. I recommend speaking to a financial adviser first. With those 5 factors in mind, we can move on. When you buy your cryptocurrency, you will can’t obviously store them in your bank as you would regular fiat currency.

Cryptocurrency Wallet

A cryptocurrency wallet is where you store your cryptocurrencies after you have bought them. You can compare a cryptocurrency wallet with your bank account. In the same way that you store traditional currencies (USD, JPY, EUR etc.) in your bank account, you will store your cryptocurrencies in your crypto wallet. There are a lot of easy-to-use and safe options to choose from. It is important that you choose a highly-secure wallet, because if your cryptocurrency gets stolen from your wallet, you cannever get it back.

There are three types of wallets:

Online wallets: The quickest to set up (but also the least safe)

Software wallets: An app you download (safer than an online wallet)

Hardware wallets: A portable device you plug into your computer via USB (the safest option).

The wallet you need will depend on which cryptocurrency you want to buy. If you buy Bitcoin, for example, you’ll need a wallet that can store Bitcoin. If you buy Litecoin, you’ll need a wallet that can store Litecoin. There are multiple wallets that allow you to easily transact and safely store your cryptocurrencies, coupled with features that allow you to use them for your utility payment purposes.

With the information above you will now be able to buy XcelToken Plus and trade with them on one of the 14 trading platforms that it is listed on.

Components Every Strategy Is Required To Have

Whether you’re after automatic day trading strategies, or novice or into advanced tactics, you’ll need to take into reason three vital components; volatility, liquidity and volume. If you’re to make profits on tiny price movements, selecting the right stock is vital. These three essentials will help you make decisions very easily:

Liquidity – This allows you to speedily come in to and exit trades at a valuable and stable price. Liquid asset strategies, for example, will focus on gold, crude oil and natural gas.

Volatility – This tells you your latent profit range. The more the volatility, the better the profit or loss you may make. The cryptocurrency marketplace is one such example well recognized for high instability.

Volume – This measurement will tell you how many times the asset has been traded within a set period of time. For day traders, this is better known as ‘average daily trading volume.’ High volume tells you there’s substantial interest in the asset or security. An increase in volume is regularly a pointer a price jump either up or down, is fast impending.

While you are investing in XcelToken Plus and about to trade on one of the 15 crypto-exchanges that it is listed and tradable on, it is suggested that you keep the above points in mind.

How to Keep Your Cryptocurrency Safe?

If you’re new to the crypto world you might have overheard people transferring their assets into cold storage or cold wallets but were unsure exactly what this involves. Simply put, it means securely transferring and storing your cryptocurrencies/ assets offline to decrease access to hackers. There are two ways in which you can store your cryptos offline, here’s how you can do it:

Hardware: Wallets vary from software wallets in that they store a user’s private keys on a hardware device like a USB. Although hardware wallets make transactions online, they are stored offline which delivers improved security. Hardware wallets can be compatible with several web interfaces and can support different currencies; it just depends on which one you decide to use. What’s more, making a transaction is easy. Users simply plug in their device to any internet-enabled computer or device, enter a pin, send currency and confirm. Hardware wallets make it conceivable to easily transact while also keeping your money offline and away from danger.

Paper: Wallets are easy to use and provide a very high level of security. While the term paper wallet can simply refer to a physical copy or printout of your public and private keys, it can also refer to a piece of software that is used to securely generate a pair of keys which are then printed. Using a paper wallet is relatively straightforward. Moving Bitcoin or any other currency to your paper wallet is proficient by the transfer of assets from your software wallet to the public address shown on your paper wallet. Alternatively, if you want to withdraw or spend currency, all you need to do is transfer funds from your paper wallet to your software wallet. This process, often referred to as ‘sweeping,’ can either be done by hand by entering your private keys or by scanning the QR code on the paper wallet.

If you are about to invest in XcelToken Plus (XLAB) it is suggested that you store them in the above ways to make sure that your assets stay safe.

What the Blockchain Technology Would Have on The Insurance Industry

Much has been made about blockchain’s utility across different industries. Critics oppose the technology is mere hype, that the alterations it makes is marginal and not worth spending money on. Supporters, on the other hand, willingly acknowledge that blockchain is not the answer being trumpeted in some corners, but also identify that there are use cases where it essentially makes sense. This is why noteworthy resources are being devoted to the study of the blockchain system/technology by some of the world’s major establishments.

Insurance is one such industry, but in fact, blockchain is exactly what’s required to inoculate some revolution into an industry that has not transformed much in decades. From global insurers down to start-ups, we are seeing a wave of new goods and services, everything from flight delay insurance to enhanced risk modelling. What we need to understand what it is about blockchain that makes sense for the industry, if you want to know more, then read on.

Information sharing

Imagine a situation where insurance firms can share customer KYC data instead of having to inspect every individual that requests to buy insurance. It could mean savings of thousands of dollars per customer. Blockchain makes this possible by allowing multiple insurance firms to contribute data to the same decentralized ledger. And because the data is immutable, the insurance companies can trust that it is authentic. One such information are claims records. If insurance companies contribute information to the same blockchain, duplicate claims can easily be detected.

Transparency

Historically, consumer data has been stored behind the walls of insurance companies. Consumers have little in the way of visibility of this data, and instead are given only what the insurance company decides via a portal. And if the information is shared with third parties, the consumer is not notified about it. The open and decentralized nature of blockchain means that consumers will always be able to see the data the insurance company has and what is being done with that data.

Trust

It is not unusual for consumers to mistrust insurance companies. Confusing policy terms, high premiums, and long claims processes all contribute to this. The blockchain, specifically smart contracts, bring trust back into the equation by simplifying the insurance contract and, with the help of AI, automating claims. No human intervention required.

Tokens

One reason the privilege pay-out process is slow is the need for fiat currency cheques or bank transfers. Consumers occasionally wait for weeks for the pay-out to show up in their account. Using digital tokens accounted for on the blockchain answers this problem. Pay-outs can be made promptly and then be re-used to purchase added coverage.

Smart contracts

Smart contracts are programmable contracts devoted to the blockchain. They are independent and, therefore, do not need human intrusion. For the insurance industry, smart contracts enable micro-insurance guidelines to be issued and claim pay-outs to be pre-programmed.

Lower costs

What all of this adds up to is lower premiums for consumers. Personalized insurance coverage has never been so affordable. Hearti is committed to providing the most innovative and hassle-free insurance products to its customers. Blockchain is one of the technologies that will help us get there.

Fraud deterrence

Fraud is a major problem in the insurance manufacturing, costing an estimated 80 billion USD each year⁽¹⁾. Blockchain, smart contracts, and AI can help reduce this figure by demanding info verified by AI from multiple sources before paying out a claim. And the immutability and decentralization of blockchain allows insurance firms to share fraud data.

Ref-

¹http://www.insurancefraud.org/statistics.htm.

The Future of Cryptocurrencies and Should You Invest in Them?

We have already discussed about the history of currencies and the benefits of cryptocurrencies and blockchain, if you haven’t read them already, it is suggested that you do read them before you go ahead with this blog as it is required for you to understand everything written below.

The Future

Some of the limits that cryptocurrencies currently face – such as the fact that one’s digital wealth can be removed by a computer crash, or that a virtual vault may be looted by a hacker – may be overawed in time through technological developments. What will be harder to overcome is the basic paradox that bedevils cryptocurrencies – the more prevalent they become, the more parameter and government scrutiny they are possibly could attract, which corrodes the essential evidence for their presence.

While the number of merchants who take cryptocurrencies has gradually amplified, they are still very much in the minority. For cryptocurrencies to become more widely used, they have to first gain extensive receipt among consumers. However, their comparative complexity likened to conventional currencies will likely deter most people, excluding the technologically adept.

A cryptocurrency that seeks to become part of the conventional financial structure may have to content widely conflicting criteria. It would need to be mathematically intricate (to avoid fraud and hacker attacks) but easy for customers to comprehend; decentralized but with passable consumer safeguards and protection; and reserve user anonymity without being a conduit for tax elusion, money laundering and other reprehensible activities. Since these are arduous criteria to satisfy, is it likely that the most popular cryptocurrency in a few years’ time could have attributes that fall in between heavily-regulated fiat currencies and today’s cryptocurrencies? While that likelihood looks remote, there is little hesitation that as the leading cryptocurrency at present, Bitcoin’s success (or lack thereof) in dealing with the challenges it faces may determine the wealth of other cryptocurrencies in the years ahead.

Should You Invest in Cryptocurrencies?

If you are considering investing in cryptocurrencies, it may be best to treat your “investment” in the same way you would treat any other highly hypothetical venture. In other words, identify that you run the risk of trailing most of your investment, if not all of it. As detailed earlier, a cryptocurrency has no intrinsic value apart from what a buyer is willing to pay for it at a point in time. This makes it very liable to huge price swings, which in turn upsurges the risk of loss for an investor. Bitcoin, for example, plunged from $260 to about $130 within a six-hour period on April 11, 2013. If you cannot digest that kind of instability, look to another place for investments that is better matched to you. While belief continues to be deeply separated about the qualities of Bitcoin as an investment – factions point to its limited supply and mounting usage as price motorists, while detractors see it as just another notional bubble – this is one debate that a traditional investor would do well to evade.

A cryptocurrency that seeks to become part of the mainstream financial system would have to satisfy very wide variety of criteria. While that option looks remote, there is little uncertainty that Bitcoin’s success or failure in dealing with the challenges it faces may regulate the fortunes of other cryptocurrencies in the years moving forward.

History and the Future of Currencies

Our history book provides us with very little knowledge about how our economy came to be. This post aims to give an overview of how the currencies that we know of today, have evolved and go in detail on digital currencies the present talk of the town and what will become of these currencies.

After a long period of time, historians, say that societies discovered that they found it safer and easier to exchange goods with goods- the barter system, instead of going into war with each other, frequently traded, between individuals or societies, for other goods were domestic animals like cattle and goats. With the development of farming in the 8^th millennium grains were added to the list of exchangeable goods.

It is, only after the trade around the extraction of rich metals that the commodity currencies came to be used, the kingdom of Lidia on the western cost of Turkey is said to have crafted coins that were a mixture of gold and silver- “Electrum”. They were standard in weight; ranging from 0.15 grams to about 14 grams, in irregular shapes and sizes. Aside from Lydia, Greece and a few kingdoms and individuals from China that used coins for trade. The innovation of paper currencies, scholars say, can be credited to the Chinese, as they found it to be lighter auxiliary for coins. The momentum of paper currencies took its time to reach Europe. By 1661 banking institutions had been formed and the government of Sweden issued its own state sponsored banknotes. Further to which the Bank of England was formed. From then on various different world currencies came to use and various laws and policies were created to keep counterfeit and various frauds from taking place.

Subsequently, Paper currencies were normalised and newer technologies have come into play to make transactions easier, digital currencies and E-wallets like PayPal and others are some innovations that are playing a major part in reducing paper currencies in the 2010s.

The initial idea for digital cash, even though a failure, in a way paved the path for the cryptocurrencies to come into existence, people have taken a keen interest in its growth and market, with multiple use cases for them, making it the best time to invest and use cryptocurrency, through your digital cryptocurrency wallet. The blockchain technology that cryptocurrencies are formed in make transaction and trading much safer than that conducted through a bank.

If we went with the idea that “History repeats” we could assume that cryptocurrencies are just the beginning in what will be an economic revolution, where we could expect digital currencies that are far more stable will take the crown from bitcoin. As far as blockchain is considered we could see that the currencies of the future will mostly be utility based where there is no centre that regulates the supply of currency and its value, eliminating the possibility of an economic calamity. All this, however, is possible only with the mainstream usage of the present unit of the beginning stage of the evolution, that is cryptocurrency, this can be achieved only by educating the masses on the benefits of the blockchain system and cryptocurrencies.