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By: faizal_khan | Posted: Dec 08, 2021 | General | 160 Views (Updated Dec 08, 2021)

Currency has always played a vital role in our life from the ancient times, when we used to do the barter system . That is exchanging goods instead of rice and or wheat then comes gold coins, currency etc .but when the banks introduce the paper currency that's when the real problem starts .


Before that, when we use metal or any other elements, there has been no questions raised has been no question raised to anything . such as is this waste a lot? or is it really important?


But after cryptocurrency was introduced the entire market changed . bitcoin is the first cryptocurrency that we all know, but how this affects the lifestyle of todays people that's important .


Even today like everyone, has this factor in mind whether it is safe or not? it is safe, but still people deal with it very cautiously because Everthing is online, so there might be a chance of hacking . People still do their normal bank transactions online, they still get a lot of errors in doing it online too much as I something money is debited from the sender account but it isn't credited to the receiver immediately .It takes time because the server is down . that's why people find it difficult to do it .


Advantages of cryptocurrency:-


1) It's all online so its paperless .


2) if we start investing in it, then it will have a great impact in the future .


3) people Don't have to carry it separately or in their wallet as it is all online .


Disadvantages:-


1)As it is all online, there is a great chance of getting hacked .


2) It's a long process to get everything online, because there are still some rural areas who don't even have proper electricity or intenet


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