Post
Topic
Board Economics
Re: what is the future of virtual currency like bitcoin ?
by
MyNameIsAlex
on 11/09/2018, 10:52:44 UTC
As a digital payment system virtual currency has its own reputation. Bitcoin raised as strong virtual currency in 2010. Today’s global currency is developed in different way and comparing with others currency bitcoin is like more valuable than gold. Good reflection and better control system can make more valuable in economic sector. now by the help of bitcoin selling and buying system is easier than other transection. At age of technology we can collect or hire so many proficient worker for the purpose of different sector’s development and then we can provide their salary through bitcoins because of its popularity.
On above this conversation we don’t need to worry about future of  virtual currency or bitcoins.
a little extra, in its own way, virtual currency (Bitcoin) is slightly different from conventional banks, which is basically a large database of who the money is, and what transactions are carried out between the owners.

However, a striking difference between banks and bitcoin is that in bitcoin there is no fantastic database. Bank databases can be modified unilaterally to change the amount of money available, and that often happens. Sometimes it can benefit you (if your debit card is stolen, for example, your bank will only make money) and not (if your bank considers you money laundering, and it will freeze your account, which ones will cripple the business).

With digital currency, no one can do both. because the only authority on the network is anything that is approved by bitcoin users, and in practice is nothing more than the basic rules of the network that apply