Cryptocurrencies Work With Bitcoin, Ethereum & Ripple
CBW -External Analyst
Jan, 20 2021
The most important point to understand about "crypto" is that although it serves a purpose (cross-border transactions through the Internet), it doesn't provide the other financial benefit. In other words, its "intrinsic value" is staunchly limited to the power to transact with other people, NOT within the storing / disseminating useful (which is what most of the people see it as).
One thing you would like to understand is that "Bitcoin" and therefore the like are payment networks - NOT "currencies." this may be covered more deeply during a second; the foremost important thing to understand is that "getting rich" with BTC isn't a case of giving people any better economic standing - it's simply the method of having the ability to shop for the "coins" for a coffee price and sell them higher. To this end, when watching "crypto," you would like first to understand how it actually works and where its "value" really lies.
Decentralized Payment Networks
This is important because it highlights why people have begun looking into the "Bitcoin" proposition more deeply; it gives you the power to send/receive money from anyone around the world, goodbye as they need your Bitcoin wallet address. The reason why this attributes a "price" to the varied "coins" is due to the misunderstanding that "Bitcoin" will somehow offer you the power to form money by being a "crypto" asset. It doesn't.
Ethereum & Ripple are looking just like the next "Bitcoin" - with attention on the way during which they are ready to provide users with the power to truly utilize "decentralized applications" (DApps) on top of their underlying networks to urge functionality to figure. If you are looking at the subsequent level of "crypto" growth, it is almost certainly going to come from the varied platforms you can spot out there.
CBW - External Analyst
False hours ago