Advantages and Disadvantages of Cryptocurrencies.

BENEFITS OF THE CRYPTOCURRENCY:

The #CRYPTOCURRENCY have a series of advantages that make many people in the world already using them.

.- The payments made in cryptocurrency are formalized instantly. In addition, there are no intermediaries. The transactions were made from one person to another.
.- The realization of payments through cryptocurrencies is very simple. All you have to do is scan the QR code of the person who is going to make the payment and indicate the desired amount, so it can be done from any device with Internet. In addition, it can be used in any country.
.- The taxes that include each transaction made in virtual currencies are minimal. In addition, the fees to send money abroad are also minimal.
.- The criptodivisas are decentralized so that country or institution can get to control them.
.- The cryptographic systems of virtual currencies are extremely safe, until the moment that, for now, no cryptocurrency has any security flaw.

• One of the main benefits offered by private accounts is the privacy of the users who have the accounts and the credit accounts. Although, it should be noted that all transactions are permanently registered in the blockchain each cryptocurrency.

Risks of #CRIPTODIVISES:

Despite everything, we must bear in mind that there are a number of problems or problems related to digital currencies.

.- It is necessary to have Internet to access them. In the contract case, we can not take our money or manage it in any way.
.- In order to generalize the use, it is necessary that a particular currency be extended significantly. This is what happens, for example, with bitcoin, which is used by many people in the world. In the opposite case, there are many people with different currencies, which generates difficulty for their assiduous handling.
.- One of the threats of cryptocurrency are quantum computers that, although not yet on the market, presents serious risks for this type of electronic currencies. The processing capacity of these machines is such that it threatens systems that use cryptography as a security method.
.- The price is only set by the law of supply and demand. This can cause sharp increases in prices but also large falls, unlike countries that have currency reserves to control that they do not fall.
.- There are countries where some virtual currencies are prohibited, so their use is not encouraged and can not reach the maximum number of people in the world.
.- As if name indicates, virtual currencies only exist digitally. Therefore, if we do not back up the wallet or wallet of our cryptocurrencies, we run the risk of losing all the money, which disappeared from the cryptocurrency market.

SOURCE: https://www.economiasimple.net