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Are Cryptocurrencies A Fad

Are Cryptocurrencies A Fad. The answer lies with bitcoin. There are now nearly 2,000 cryptocurrencies but, more fundamentally, all are connected with a deep yearning for some kind of revolution in society.

Is Bitcoin A Fad Or The Future Quora
Is Bitcoin A Fad Or The Future Quora from qph.fs.quoracdn.net
But cryptocurrency fraud is one of the looming dangers of this new digital opportunity. A cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques known as cryptography. The cryptocurrency revolution, which commenced with bitcoin in 2009, claims to be inventing new varieties of cash. Cryptocurrencies may have brought blockchain technology to the world's attention, but not all blockchains are cryptocurrencies. To many, that makes cryptocurrency look like a fad.

Bitcoin and other cryptocurrencies have been back in the news this week after the endorsement of spacex and tesla boss elon musk.

According to vitaly mzokov, head of commercialization at kaspersky, the information gap is preventing interest in cryptocurrencies from growing. Cryptocurrencies may have brought blockchain technology to the world's attention, but not all blockchains are cryptocurrencies. His remark on cryptocurrencies tended towards it being a fad that is unlikely to last long. The cryptocurrency revolution, which started with bitcoin in 2009, claims to be inventing new kinds of money. Goldman sachs has even decided to set up a cryptocurrency trading desk by june 2018, and is working out now how to meet future client demand. Cryptocurrency is the combination of the words 'cryptography' (study of a secure communication) and currency.

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