We’ll shortly introduce first the concept of cryptocurrency !
“A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.” Sources investopedia.com
What’s a blockchain ?
A blockchain constitues a system in which a record of transactions are maintained across several computers that are linked in a peer-to-peer network. That can concern well-known bitcoin or any another cryptocurrency.
Many people promote crypto-currencies as the solution to a lot of payment problems, the problem is more complex:
On the one hand, they can give more confidence in the exchanges by promoting the individual freedom which would transcend here the seizure of the states.
On the other hand, they are also based on the responsibilities of individuals and companies; lack of regulation can also damage confidence.
For or against, it’s up to you to make up your mind about it !
Crypto-currencies vs currencies