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CRYPTOCURRENCY - Coggle Diagram
CRYPTOCURRENCY
ADVANTAGES
Protection from inflation
Self-governed and managed
Currency exchanges can be done easily
Cost-effective mode of transaction
A fast way to transfer funds
DISADVANTAGES
Can be used for illegal transactions
Adverse Effects of mining on the environmen
Data losses can cause financial losses
Decentralized but still operated by some organization
No refund or cancellation polic
TYPES
BITCOIN
ETHERNET
ALTCOIN
USD COIN
BINANCE COIN
FEATURES
Working
Anonymity
No intermediary or supervisory bodies
Fast development
SECURITY
Key Storage
Proof of Reserve
Keep the key secret
USES
Mode of payment
Investment