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The advantage of cryptocurrency is that it uses blockchain technology. The network of nodes the make up the blockchain is not governed by any centered business. No one can tell the miners to upgrade, speed up, slow down, stop or do anything. And that is something that as a committed promoter badge of honour, and is identical to the way the Internet operates. But as you comprehend now, public Internet governance, normalities and rules that govern how it works current inherent difficulties to an individual. Blockchain technology has none of that. Many individuals prefer to use a money deflation, particularly individuals who want to save. Despite the criticism and skepticism, a cryptocurrency coin may be better suited for some applications than others. Financial privacy, for instance, is amazing for political activists, but more problematic as it pertains to political campaign funding. We need a stable cryptocurrency for use in trade; if you’re living paycheck to paycheck, it would take place as part of your riches, with the remainder reserved for other currencies.

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