About cryptocurrency

Gastery
2 min readFeb 19, 2018

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Crypto-currencies quickly burst into our lives. 2017 can be officially called the year of Bitcoin, Ethereum, Litecoin, Bitcoin cash, Riple … You can not count them. But one thing is true — the understanding of ​​payment systems has changed forever, both for old market players and ordinary people. Every day in the news you can hear about Bitcoin, his sensational growth or fall. And while for some this story remains a “bubble” that can burst at any moment and leave people who have invested money in it without a penny, for others, crypto currency and blockchain technology opened up a whole world of new opportunities.

The world of crypto currency can no longer be ignored. This became clear not long ago, but some advanced economically developed countries such as Japan, Switzerland and Singapore have already prepared themselves and issued special legislation regulating of crypto-currencies and related systems. The rest remain in the role of laggards, trying to patch holes in existing laws and develop new ones.

In different countries, the approach to market regulation is different. In the US, before the official decision on the “crypto”, all companies that attract crypto currency for investments should be registered as joint-stock companies and must launch an IPO — initial public offering. In Russia, the approach is still more liberal — before the introduction of appropriate regulators the market was completely given to players who can act as they want.

In any case, this new phenomenon for the world can not continue to go unnoticed, and the regulation in this segment will become more similar to the existing realities. Investments through ICO (the initial coin offering — the creation of their own crypto-currencies) will be close to venture investments, and the rate will become more stable — due to external regulation.

All this is only an assumption. The real state of affairs is not clear to anyone, and the future, as everyone knows, can not be predicted. As they say, time will tell. Further development will largely depend on the current behavior of players, so each of us can influence it. And although now the cryptoworld is full of speculation and uncertainty, in the future these technologies will take an honorable place in the everyday life of each of us.

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Gastery

Gastery is a blockchain platform for the restaurants’ guest service automation and loyalty system based on WTR token. Official website: https://gastery.io