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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 instead of many
potential to be very secure
Every transaction conducted makes blockchain more secure
The way of the future
blockchain technology will dominate in 10 years
No government involvement
Cons
Very volatile
huge price swings
$12,000 a week ago, and hit less than $6,000 just a week later
potential to be hacked
Japanese "Coincheck" hacked Jan 20th for over $500,000,000
North Korea probably guilty
Nobody can agree on a common format
Ethereum
Bitcoin
Litecoin
Ripple
Monero