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Cryptocurrency Pros and Cons (Pros (Everybody sees the same digital ledger…
Cryptocurrency Pros and Cons
Pros
Everybody sees the same digital ledger
Only need 1 contract for multiple parties instead of many
It has the potential to be very secure
Every transaction makes blockchain more secure
It is the way of the future
Blockchain technology will dominate in 10 years
No government involvement
Cons
Very very volatile
huge price swings
$12,000 a week ago, and hit less than $6,000 just a week later
Nobody can agree on a common format
Ethereum
Litecoin
Bit coin
Ripple
Monero
Potential to be hacked
Japanese "coincheck" hacked Jan 20th for over $500,000,000
North Korea probably Guilty