Cryptocurrency And Why It's The Future Of Money.

Crypto Currency (Definition) -
A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

Hello everyone, as you all know Crypto Currencies are the next big thing. As a matter of fact here on Steemit, we are for the Crypto Currency cocktail.
But what makes Crypto Currency this much viable option?

Let's take a look at some of the major arguments in the favor of the Crypto Currencies.

Security
All cryptocurrencies, rely on a technology called blockchain that makes its transactions so secure that experts consider them to be virtually unhackable.
As a matter of fact Steemit is also based on block chain. This technology makes our transactions secure as it don't have to go through a third-party server which is commonly observed in the traditional Bank transactions. It happens directly between the individuals.

Decentralized
All the Crypto Currencies are standardized and neutral confirmation policy backed by software that has no human agendas.
No single person or organisation controls the Crypto Currencies. It is truly autonomous in various aspects and that's makes it great. It is Decentralized, so no one government entity can quietly mint money for their own purposes and have access to your transactions, accounts, etc.

Privacy
The greatest reason of them all is definitely the privacy with the Crypto Currencies. Your transactions can't be seen or reported by other entities. This makes it a viable options for a multitude of needs.

So those were the top three arguments in the favor of the Crypto Currencies.

If you like this make sure to upvote and also stay tuned for more upcoming posts.