Friday, May 16, 2025
  • About us
  • Economic Calendar
  • Price Predictions
  • Coins Alerts
  • Crypto Portfolio Tracker
  • Exclusively from Our Partners
Cryptheory
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
        • Binance Futures Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions
No Result
View All Result
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
        • Binance Futures Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions
No Result
View All Result
Cryptheory
No Result
View All Result

Cryptocurrency: The Fintech Disruptor

by cryptheory
August 12, 2022
in Guest Post
Reading Time: 3 mins read

[ad_1]

Blockchains, sidechains, mining – terminologies in the clandestine world of cryptocurrency keep piling up by minutes. Although it sounds unreasonable to introduce new financial terms in an already intricate world of finance, cryptocurrencies offer a much-needed solution to one of the biggest annoyances in today’s money market – security of transaction in a digital world. Cryptocurrency is a defining and disruptive innovation in the fast-moving world of fin-tech, a pertinent response to the need for a secure medium of exchange in the days of virtual transaction. In a time when deals are merely digits and numbers, cryptocurrency proposes to do exactly that!

In the most rudimentary form of the term, cryptocurrency is a proof-of-concept for alternative virtual currency that promises secured, anonymous transactions through peer-to-peer online mesh networking. The misnomer is more of a property rather than actual currency. Unlike everyday money, cryptocurrency models operate without a central authority, as a decentralized digital mechanism. In a distributed cryptocurrency mechanism, the money is issued, managed and endorsed by the collective community peer network – the continuous activity of which is known as mining on a peer’s machine. Successful miners receive coins too in appreciation of their time and resources utilized. Once used, the transaction information is broadcasted to a blockchain in the network under a public-key, preventing each coin from being spent twice from the same user. The blockchain can be thought of as the cashier’s register. Coins are secured behind a password-protected digital wallet representing the user.

Supply of coins in the digital currency world is pre-decided, free of manipulation, by any individual, organizations, government entities and financial institutions. The cryptocurrency system is known for its speed, as transaction activities over the digital wallets can materialize funds in a matter of minutes, compared to the traditional banking system. It is also largely irreversible by design, further bolstering the idea of anonymity and eliminating any further chances of tracing the money back to its original owner. Unfortunately, the salient features – speed, security, and anonymity – have also made crypto-coins the mode of transaction for numerous illegal trades.

Just like the money market in the real world, currency rates fluctuate in the digital coin ecosystem. Owing to the finite amount of coins, as demand for currency increases, coins inflate in value. BTC is the largest and most successful cryptocurrency so far, with a market cap of $15.3 Billion, capturing 37.6% of the market and currently priced at $8,997.31. BTC hit the currency market in December, 2017 by being traded at $19,783.21 per coin, before facing the sudden plunge in 2018. The fall is partly due to rise of alternative digital coins such as ETH, NPCcoin, Ripple, EOS, Litecoin and MintChip.

Due to hard-coded limits on their supply, cryptocurrencies are considered to follow the same principles of economics as gold – price is determined by the limited supply and the fluctuations of demand. With the constant fluctuations in the exchange rates, their sustainability still remains to be seen. Consequently, the investment in virtual currencies is more speculation at the moment than an everyday money market.

In the wake of industrial revolution, this digital currency is an indispensable part of technological disruption. From the point of a casual observer, this rise may look exciting, threatening and mysterious all at once. While some economist remain skeptical, others see it as a lightning revolution of monetary industry. Conservatively, the digital coins are going to displace roughly quarter of national currencies in the developed countries by 2030. This has already created a new asset class alongside the traditional global economy and a new set of investment vehicle will come from cryptofinance in the next years. Recently, BTC may have taken a dip to give spotlight to other cryptocurrencies. But this does not signal any crash of the cryptocurrency itself. While some financial advisors emphasis over governments’ role in cracking down the clandestine world to regulate the central governance mechanism, others insist on continuing the current free-flow. The more popular cryptocurrencies are, the more scrutiny and regulation they attract – a common paradox that bedevils the digital note and erodes the primary objective of its existence. Either way, the lack of intermediaries and oversight is making it remarkably attractive to the investors and causing daily commerce to change drastically. Even the International Monetary Fund (IMF) fears that cryptocurrencies will displace central banks and international banking in the near future. After 2030, regular commerce will be dominated by crypto supply chain which will offer less friction and more economic value between technologically adept buyers and sellers.

If cryptocurrency aspires to become an essential part of the existing financial system, it will have to satisfy very divergent financial, regulatory and societal criteria. It will need to be hacker-proof, consumer friendly, and heavily safeguarded to offer its fundamental benefit to the mainstream monetary system. It should preserve user anonymity without being a channel of money laundering, tax evasion and internet fraud. As these are must-haves for the digital system, it will take few more years to comprehend whether cryptocurrency will be able to compete with the real world currency in full swing. While it is likely to happen, cryptocurrency’s success (or lack thereof) of tackling the challenges will determine the fortune of the monetary system in the days ahead.

Riasat Noor

  • Author
  • Recent Posts
cryptheory
cryptheory
Core team behind Cryptheory Labs and website Cryptheory.org.
cryptheory
Latest posts by cryptheory (see all)
  • Why Online Advertisers Should Request Website Traffic Data from Google Analytics Instead of Using SEO Tools Like MOZ or Ahrefs? - March 24, 2025
  • North Carolina’s Bold Move: State Bill Proposes Investing 10% of Public Funds in Bitcoin - March 22, 2025
  • Justin Sun Stakes $100 Million in Ethereum on Lido – What Does It Mean for the Market? - March 19, 2025
Previous Post

Guide to the world of cryptocurrencies in simple language

Next Post

The Advantages of Trading Currency

Related Posts

Personal Traits in Trading
Guest Post

Personal Traits in Trading

September 5, 2023
Top 10 Leading Countries in AI Research and Technology [current_date format=Y]
Guest Post

The strategic approach to AI in the enterprise

September 4, 2023
The development of Bitcoin mining technology
Cryptheory News

The development of Bitcoin mining technology

March 28, 2025
Why the smart cities of tomorrow are relying on blockchain tools
AC mania

Why the smart cities of tomorrow are relying on blockchain tools

September 2, 2023
What are the advantages of causal analysis
Guest Post

What are the advantages of causal analysis

September 2, 2023
Crypto Fraud: How To Protect Yourself From Crypto Scams
Guest Post

Crypto Fraud: How To Protect Yourself From Crypto Scams

June 30, 2023
Title: Bit by Bit: Navigating the Labyrinth of Crypto currency Scams
Guest Post

Bit by Bit: Navigating the Labyrinth of Crypto currency Scams

June 29, 2023
Games Is Important Part in Our Life
Guest Post

Games Is Important Part in Our Life

March 28, 2025
Philippine Oil Deregulation – A Policy Research Analysis
Guest Post

Philippine Oil Deregulation – A Policy Research Analysis

March 28, 2025
Please login to join discussion
Track all markets on TradingView
Score: 0
Game Over

Popular

What If Russia Gets Its Way in Ukraine — Will It Impact Bitcoin’s Price?

What If Russia Gets Its Way in Ukraine — Will It Impact Bitcoin’s Price?

April 25, 2025
Bitcoin Addresses Activity 2025: Is the Network Still Alive or Just Hungover?

Bitcoin Addresses Activity 2025: Is the Network Still Alive or Just Hungover?

April 29, 2025
Trading tips for May 14, 2025

Trading tips for May 14, 2025

May 14, 2025
Bitcoin Supply in Profit Nears That Classic “Euphoria Trigger”

Bitcoin Supply in Profit Nears That Classic “Euphoria Trigger”

April 30, 2025
How to Store and Use Crypto During the Apocalypse: The Ultimate Survival Guide for the Digital Age

How to Store and Use Crypto During the Apocalypse: The Ultimate Survival Guide for the Digital Age

April 22, 2025
Trading Signals for May 13, 2025: Altcoins in the Spotlight

Trading Signals for May 13, 2025: Altcoins in the Spotlight

May 13, 2025
Ethereum is Waking Up: What On-Chain Data Really Says

Ethereum is Waking Up: What On-Chain Data Really Says

May 14, 2025
Top P2E Erotic Games Where You Don’t Just Play… You Earn (and Maybe Break a Sweat Too)

Top P2E Erotic Games Where You Don’t Just Play… You Earn (and Maybe Break a Sweat Too)

May 12, 2025
2025 Q1 Crypto Sh*tshow: Market Crashes, Memecoins Rug, and Bitcoin Flexes

2025 Q1 Crypto Sh*tshow: Market Crashes, Memecoins Rug, and Bitcoin Flexes

April 24, 2025
Want Real Gains? Screw Bitcoin!

Want Real Gains? Screw Bitcoin!

April 21, 2025

⭐ What Type of Crypto Investor Are You?

1. How do you buy crypto?

2. What do you do when a coin drops 50%?

3. How do you follow the market?

4. How long have you been in crypto?

5. Your biggest mistake?

6. What do you think about CBDCs?

7. Funniest crypto meme?

8. Do you believe in Bitcoin as the future?

9. How many coins do you hold?

10. How do you feel in a bear market?

Crypto News

Bitcoin

Ethereum

Altcoins

Cryptocurrency

Platforms for Copy Trading

Platforms for Grid Trading

Glossary of trading and crypto terms

Crypto Portfolio Tracker

 

Guest Post for Free

On our website, you can share your opinions and insights. This feature is reserved for non-promotional articles. We are already working on a system for donations and rewarding every author.

This website is here for those of you who want to be at the forefront of innovation and new technologies like Bitcoin. But first, we need to tackle the challenges and survive in the unforgiving world of crypto assets. THIS IS CRYPTHEORY!

Follow Us

  • Terms Of Use
  • Privacy Policy
  • About us
  • Contact us

© 2024 Cryptheory - F**k the forex, we want gains!

Shiba Inu loading
No Result
View All Result
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions

© 2024 Cryptheory - F**k the forex, we want gains!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.