The use of cryptocurrencies has become an unstoppable global trend, and this is justified in part by their profits but above all by the security of their digital transactions, movements that in the end are as or more insurmountable than those made through the banking system or stock exchanges.
Encrypted codes that are backed by blockchain are the cornerstone of the chain behind the purchase and sale of cryptocurrencies, an infallible system for investing unless first-time mistakes are made, such as not resorting to authorized trading sites. Bitcoin offers and false promises of millionaire profits overnight abound on the Internet, but this is equivalent to those who skip exchange houses and let themselves be seduced in the street by criminals who end up robbing them in building corridors.
Supporters of cryptocurrencies have become a real force influencing in its regulation in the U.S. Congress.that now is debating questions about its future. In some countriesIn many cases, its use, often as a substitute for weak national currencies, is growing rapidly, which has led to some governments to consider restricting them.
In July, China shut down about 90% of the country's 'mining' capacity, which caused an earthquake in Bitcoin's value. This seems to be a problem related to its control: China is fully committed to establishing a base in cryptocurrencies, but the premise is that it retains the ability to influence their evolution. Squaring the circle seems complicated. This strategy seems to point to the issuance of a digital currency issued by its central bank, in short a move aimed at play an intermediary role in the adoption process.
Breaking paradigms
Today, in a process that is not yet regulated, we can find everything. The issuance of cryptocurrencies has become relatively simple. Projects that were born as humorous as Dogecoin and have even risen to the point of maintain profits of the company RobinHood which has become the holy land of so-called meme stocks. More recently the news that shook the press and set fans on fire, it turned out, was the creation of its own cryptocurrency of a soccer club, offer it to its fans and use it to finance part of the transfer of Messi to PSG.
"More than half of the world's top 100 banks already have significant access to bitcoin and other cryptocurrencies."
One way or another, there are clear signs that much progress has been made in the adoption process, and the number of people involved makes it difficult for any government to affect their operations, over which they have been shown to have no control. In reality, the current measures only partly affect their popularity, but let's think about this: of the world's top one hundred banks, more than of half already have meaningful access to bitcoin and other cryptocurrencies.
At a rapid pace, the two most significant cryptocurrencies are making changes that will make them more efficient in energy consumption and will lead to a decrease in the role played by so-called 'mining'. Today taproot provides greater privacy and enables its use in the so-called SmartContracts on the bitcoin side, the London hard fork on the Ethereum side, reduces power consumption dramatically to one thousandth of its share.
Conclusions
In conclusion, whoever wants to be informed, should be informed, but do it soon. Those who do not, will be left with the multitude of superfluous analyses on volatility or ponzi or pyramid schemes that are so much in vogue in the face of this revolutionary digital exchange phenomenon.
The impossibility of altering the data has been demonstrated after tireless testing of the cryptocurrency operating system.
Yes, it is safe to invest in these assets... volatility is a different matter!
