How Cryptocurrency is going to revolutionize the future?
Cryptocurrency took the world by storm when it was introduced as a seminal work in a paper published in 2008. Since then, a lot many investors have taken a serious interest in this field. And today, it remains to be one of the technologies where the highest amount of investments has been made. Bitcoin remains to be one of the most popular cryptocurrencies that have been used by people over the years. It has been integrated within a lot many industries, including the casino industry. Now, people can make payments using cryptocurrency and can even avail 10 Free no deposit slot bonus on the games they want to play.
What is the future of Cryptocurrency, starting from 2019? How is it going to change over time? What all the new developments that are going to take place in this technology in the future? Here are a few details regarding these questions:
More governmental policy inclusion in cryptocurrency transactions:
The popularity of cryptocurrency lies in the fact that payments can be made anonymously through an untraceable network of payments. This has been the potential chance for criminals to make illegal transactions through cryptocurrency. People can also evade taxes since they can make deposits anonymously while the government remains oblivious to such practices. This has led to the implementation of more governmental policies that have been implemented on the regulation of cryptocurrency procedures. New federal agencies are being set up to look into affairs of cryptocurrency to avoid such malpractices to take place in the system.
Increase in privacy and safety of individuals:
In 2018 alone, about $1 billion worth of cryptocurrency was stolen from accounts. Although deemed as untraceable, the technology is still prone to breaches and cyberattacks by hackers. They can invade a public ledger system upon which the entire framework is set. They can also acquire private information of users by anonymously hacking into the devices of such users and gaining information through e-wallets used for making cryptocurrency transactions. The future of this technology would see a growth in the protection of the privacy of individuals through better and stronger codes for cryptographic measures. Antiviruses and safety procedures would also see a rise in their implementation to not avoid any cyber theft on devices.
A rise in options for cryptocurrency in the future:
Bitcoin remains to be the dominating stakeholder in the market. However, over the years, a lot many newer brands have begun to set their market share as well. These include names such as Ethereum, Quorum, Ripple and Litecoin. The growing interest and popularity around cryptocurrency have led to a rise in investments as well. Thus, the future might see a number of brands being set up due to such investments made on such merchant companies. The future might also see the increase in the number of users who might take to making online transactions through cryptocurrency as well.