Bitcoin, and the Future

in #cryptocurrency6 years ago

Cryptocurrency, an encrypted, peer-to-peer network for facilitating digital barter, is a technology
developed eight years ago. Bitcoin, the first and most popular cryptocurrency, is paving the way
as a disruptive technology to long standing and unchanged financial payment systems that have
been in place for many decades. While cryptocurrencies are not likely to replace traditional fiat
currency, they could change the way Internet-connected global markets interact with each other,
clearing away barriers surrounding normative national currencies and exchange rates.
Technology advances at a rapid rate, and the success of a given technology is almost solely
dictated by the market upon which it seeks to improve. Cryptocurrencies may revolutionize digital
trade markets by creating a free flowing trading system without fees. A SWOT analysis of Bitcoin
is presented, which illuminates some of the recent events and movements that could influence
whether Bitcoin contributes to a shift in economic paradigms.

Sort:  

In this Digital World Bitcoin is as our assests and its our future

yeah you are right.!

There are 2 Major difficulties with Bitcoin.

  1. Power Consumed for mining Bitcoin &
  2. Transaction processed per second.

if they overcome these both problems, Bitcoin can replace existing financial system

yeah ! you are right but no one knows who the control and manages Bitcoin and no one know who is the developer of this so it cant be change until he didn't change this .On the other hand we know rest of the coins that which team is behind that coin so we can say their team that improve your this thing and they work on that thing but for Bitcoin it is Impossible.

@waqarahmad Hey friend please help me to join me your community my friend please follow like comment share I hope you like my content plz support me. https://steemit.com/mgsc/@sundram/black-to-move-2018-06-28-07-35-52

Congratulations @waqarahmad! You received a personal award!

1 Year on Steemit

Click here to view your Board

Do not miss the last post from @steemitboard:

SteemWhales has officially moved to SteemitBoard Ranking
SteemitBoard - Witness Update

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @waqarahmad! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!