Blockchain & Cryptocurrency is for everyone
hive-167922·@curamax·
0.000 HBDBlockchain & Cryptocurrency is for everyone
 Currently, people assume that digital currency can be another investment tool to help them accumulate more wealth and reappropriate control. In blockchain technology, smart contracts are executed in a cryptographic form that cannot be modified retroactively or by one party against another. This event automatically occurs when the conditions of the contract are "satisfied" which acts as a safety mechanism for the individual involved. ***Blockchain-based services are helping people in developing countries gain access to various resources, income, and more traction.*** Blockchain has the potential to disrupt our lives in many ways. It can help us build and preserve more wealth, save more of life’s resources, and access more value from unprecedented areas. Its influence is not limited to developed countries either; it can also help people in developing countries get free from bad loans and lucrative but fraudulent projects. The emergence of blockchain technology and cryptocurrency has changed the way we perceive things such as money, importance, life and success, etc. Money is becoming only a store of value instead of a measure of exchange; the importance is valued over material possession; life is approached without fear or worries because we no longer have a single source of authenticity or biased data; while success depends on reliable human intelligence rather than established standards, brand endorsements, educational qualifications or letters after one's name. There’s been a recent huge change taking place in developing African countries - the introduction of a new crypto-currency. Critics believe that this cryptocurrency should be banned by the central authority because it could deceive people. But others who embraced the coin believe in its decentralization and opportunities it may offer for citizens of these countries; especially those who have been struggling with poverty and lack of resources, like health, water, education, and more. In most countries, poor people have very little or no access to money. Blockchain is digitizing the poor person's financial assets and cryptocurrency can enable them to access credit and also buying power. The most prominent example of this is Bitcoin. - Cryptocurrency ensures that it can be used anywhere in the world while transmitting wealth more efficiently than ever before, by eliminating administrative and financial oversight through decentralization - Being able to thrive financially beforehand aligns well with some central ideals of blockchain, like free trade and access to resources - The benefits provided by cryptocurrencies (such as untrusted finance because of the trustless nature of accounting), blockchain applications’ trading recommendations, ease-of-use in stores with cashless options - Finally, giving low-value items away online as a larger sum has mixed impacts on charity organizations that may rely on donations from purchase money not only for services but for food or school *** ### Bottom line **Blockchain is a digital ledger that is stored and replicated without any third party as well as provides a source of independent trust which can be utilized in many countries to provide more freedoms to people in the world.** **There has been a rapid growth of privately developed cryptocurrencies such as Bitcoin, Ripple, Litecoin, and Ethereum over the last few years in market capitalization as well as the number of users.** **From living paycheck to paycheck to becoming millionaires from cryptocurrencies like bitcoin within only a few years! However, using such asset classes comes with its own challenges. As such, it takes time for new investors to understand them and for regulators to stay current with all security-related requirements.** *** <center>[cover image source](https://pixabay.com/photos/network-globalization-earth-3524352/)</center> *** 