What are other functions of cryptocurrencies?

[glitch]

Aside from using them as payment and general trade, what other functions does crypto hold in the real world?

I have heard of them offering more anonymity and privacy but everything else seems to state the opposite since they can easily be tracked.

 

[Sincerem]

Well, the crypto currency was made an alternative to the traditional fist current and which isn't backed by any government or financial institution. The crypto currency is independent that is it doesn't need gold in a vault to be valuable as the fiat currency is. The Bitcoin gives a more digitalized method of exchange and trades.

 

[Potuse]

For instance, the Bitcoin is a great instrument that could be used to combat inflation that is ravaging the economy of any country . This is because it has a limited supply and it will be a very good instrument to fight inflation.

 

[Yohanna]

For instance, the Bitcoin is a great instrument that could be used to combat inflation that is ravaging the economy of any country . This is because it has a limited supply and it will be a very good instrument to fight inflation.

I agreed with your lotion because it is an established fact that bitcoin is a great instrument for reducing and inflation rate in the economy of any country . Àny ountry that is faced with hyperinflation could adopt bitcoin to fight inflation

 

[Potuse]

I agreed with your lotion because it is an established fact that bitcoin is a great instrument for reducing and inflation rate in the economy of any country . Àny ountry that is faced with hyperinflation could adopt bitcoin to fight inflation

It is a thing of surprise that despite the use of bitcoin to combat inflation, most of the countries do not want to legalize bitcoin and it is one of the ways at which they can help save their economy out of the ravaging inflation.

 

[Danny4cash]

I only know payment and trading as the function of crypto. The reason why it's all accepted is because its currency that cannot be tracked. If you have your money in your bank, a lot of eyes are actually watching you. But with crypto, there's privacy for you.

 

[Potuse]

I only know payment and trading as the function of crypto. The reason why it's all accepted is because its currency that cannot be tracked. If you have your money in your bank, a lot of eyes are actually watching you. But with crypto, there's privacy for you.

Payment and trading at the major functions of cryptocurrency but I think we are looking at the functions of cryptocurrency in other works of life .I could also say that the blockchain technology that is used in the cryptocurrency is used in crowdfunding due to smart contracts integration.

 

[Setho]

A lot of people do not know that cryptocurrencies can also be used as governance tokens in the case of decentralized autonomous organisations to make decisions.

 

[Yohanna]

It is a thing of surprise that despite the use of bitcoin to combat inflation, most of the countries do not want to legalize bitcoin and it is one of the ways at which they can help save their economy out of the ravaging inflation.

We shouldn't forget that cryptocurrency is a very great instrument to combat inflation to a minimal level .that is why it is equally important for us to use this particular cryptocurrency in order to fight the inflation that is affecting most of the countries in the world today.

 

[Potuse]

We shouldn't forget that cryptocurrency is a very great instrument to combat inflation to a minimal level .that is why it is equally important for us to use this particular cryptocurrency in order to fight the inflation that is affecting most of the countries in the world today.

I wouldn't agree less with you because it is very important for us to explore cryptocurrency to the fullest. It is a great financial instrument to combat inflation to the barest minimum.

 

[Yohanna]

I wouldn't agree less with you because it is very important for us to explore cryptocurrency to the fullest. It is a great financial instrument to combat inflation to the barest minimum.

It is very correct that when cryptocurrncy is explored to the fullest . There are lot of things
to gain from it because the blockchain technology itself present us a lot of opportunities to make money.

 

[Potuse]

It is very correct that when cryptocurrncy is explored to the fullest . There are lot of things
to gain from it because the blockchain technology itself present us a lot of opportunities to make money.

I am so overwhelmed when I see the various ways at which the block chain technology could be employed . There are diverse of ways at which you can apply the blockchain technology to achieve results effectively.

 

[Yohanna]

Aside from using them as payment and general trade, what other functions does crypto hold in the real world?

I have heard of them offering more anonymity and privacy but everything else seems to state the opposite since they can easily be tracked.

It seems that you are not taking out time to study what cryptocurrency is all about . It is difficult for anyone to tamper with the cryptocurrency because it is fully decentralized and immutable.

 

[Syldan]

Well I believe there are diverse of knowledge on what the functions of cryptocurrency could be. personally I considered crypto as a store of value that is you can keep it for the future without having any problems.

 

[Robust]

Actually crypto currencies are mainly used for trading and making some payment online. Though one can also use crypto currencies to be saving his or her money with out any trace.

 

[GIFTMICHAEL]

Cryptocurrency can be hold and stored for long-term purpose to generate profit as the demand increases , most especially during the bulish season . That's another benefits

 

[Bigron]

Aside from using them as payment and general trade, what other functions does crypto hold in the real world?

I have heard of them offering more anonymity and privacy but everything else seems to state the opposite since they can easily be tracked.

I am of the view that bitcoin, apart from the functions stated above, can aid in solving financial problems such as inflation and rising costs of goods and services

 

[Smiles20]

I want to be very good use cases of cryptocurrency is that they can be able to be used as governorance tokens in decentralized autonomous organisations for voting.

 

[Laurentta]

I don't know if any other functions of crypto currencies asides from it being used as a means of payment and general trade. I wonder what other thing crypto currencies could be used for.

 

[Skysaint]

So apart from the fact that I can make money from the cryptocurrency market, there's also no doubt that it has other functions and benefits it could offer me. The inflation that's going on right now, I can protect myself from that a bit from saving my assets in the stable coin.