Cryptocurrency — the future of the world economy

One person with a belief is equal to a force of 99 who have only interests. — John Stuart Mill

Time to admit it: cryptocurrencies and blockchain technology are here to stay. Some people see them as a threat to the global economy, others joyfully embrace them as tools of great use for creating a new worldwide financial system, a more transparent and fair one.

In this post we’d like to share with you our thoughts upon the matter. In Terraminer we believe that people from all around the globe have an equal right to access handy financial tools for quick and chargeless money transfers, safe online shopping without a necessity to reveal personal data, trading financial derivatives, etc. However, the traditional economy that is operating by means of banks and governmental supervision does not allow individuals a freedom of action.

And vise versa, blockchain technology and digital currencies cut out any kinds of obstacles, because they don’t belong to anyone, and therefore imply no extra expenses. The system is powered by computing capacities of crypto enthusiasts’ equipment all over the world. Blockchain algorithm, for its part, is in fact a distributed public ledger that makes it possible to record all the transactions.

How about a way to manage a business, store savings, buy goods and make secure money transfers in a blink of an eye with no bank fees? That’s the tomorrow of economy, and we at Terraminer do our best to make it happen.

If you share this vision, let us know in comments. It’s always encouraging to meet like-minded people. And please be sure to follow us to stay up to date with all our news.