Community post
Bitcoin, and the Future
Cryptocurrency, an encrypted, peer-to-peer network for facilitating digital barter, is a technology
developed eight years ago. Bitcoin, the first and most popular cryptocurrency, is paving the way
as a disruptive technology to long standing and unchanged financial payment systems that have
been in place for many decades. While cryptocurrencies are not likely to replace traditional fiat
currency, they could change the way Internet-connected global markets interact with each other,
clearing away barriers surrounding normative national currencies and exchange rates.
Technology advances at a rapid rate, and the success of a given technology is almost solely
dictated by the market upon which it seeks to improve. Cryptocurrencies may revolutionize digital
trade markets by creating a free flowing trading system without fees. A SWOT analysis of Bitcoin
is presented, which illuminates some of the recent events and movements that could influence
whether Bitcoin contributes to a shift in economic paradigms.
Replies (7)
In this Digital World Bitcoin is as our assests and its our future
yeah you are right.!
There are 2 Major difficulties with Bitcoin.
if they overcome these both problems, Bitcoin can replace existing financial system
yeah ! you are right but no one knows who the control and manages Bitcoin and no one know who is the developer of this so it cant be change until he didn't change this .On the other hand we know rest of the coins that which team is behind that coin so we can say their team that improve your this thing and they work on that thing but for Bitcoin it is Impossible.
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