Crypto-currency: Evolution & Challenges
In a world which has become increasingly global, it is commonplace to have to move money from one location to another. Today’s connected & burgeoning middle class want a solution to transfer payments affordably & easily. From an investment perspective too, they are looking to invest in assets that are free from inflation woes. Crypto-currencies, decentralized digital currencies that are transferable through the internet without any pre-requisites or arbitrary limits, have answered this need. Acceptance of change, however, comes with challenges; newness & huge amount of transparency around Crypto-currencies, which creates doubts about security, to name a few. Notwithstanding, hundreds of new Crypto-currencies have emerged since Bitcoin, the first & front-running Crypto-currency created in 2009, and gained momentum because of the inherent ubiquity & transparency of these currencies.