By our co-founder Burak Balık: 5 Reasons Why You Should Use Cryptocurrency
Cryptocurrency, which has started to become popular in recent years, is seen as the new financial system of the future. As I am personally curious about cryptocurrencies and I have been investing in them for a while, I am aware that there are fluctuations in this market lately. Despite the instability of the market, cryptocurrencies are still on a rising trend.
Based on my experience in the field, here I would like to give you 5 reasons to use cryptocurrencies.
1- Secure
Cryptocurrencies are secured using a combination of cryptography and mathematics. You have to solve a difficult cryptographic puzzle. Cryptocurrencies are the first independent global currency. When cryptocurrencies are created, all approved transactions are stored in a public ledger. Everyone can check it. It is secure for many reasons like these.
2- Accessible
You can access from anywhere as long as you have internet and your connected device.
3- Anonymity & Privacy
Cryptocurrencies works based on blockchain technology. It is almost impossible to follow crypto addresses on the system. Addresses are random chains of approximately 30 characters. This anonymity and privacy make the bitcoin are popular. This feature eliminates state and bank controllers.
4- No Interest
Unlike the normal banking system, cryptocurrencies have no interest. They only act as carriers. Interest is the disadvantage of the traditional banking system. It doesn’t matter how many coins you have for cryptocurrencies
5- No Inflation
The problem of Fiat money is that the governments strike money when they want it. When the economy gets tough, governments can strike money. As a result, the value of money falls. Inflation is a difficult situation to control. But cryptocurrencies are limited. For example, Bitcoin is designed to create a certain number of coins (21 million coins)
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