How to overcome the disadvantages generated by cryptocurrencies

in deeponion •  7 years ago 

Virtual money is for some years, a reality in the current world in which we live. There are many people around the world who already use cryptocurrencies, also called crypto currencies or virtual currencies, as an investment or to make their purchases. However, a large part of the population still does not dare to use it, that is why, it must be demonstrated, the advantages, disadvantages and possible solutions.

Benefits: cryptocurrencies generate a series of advantages, for which they have been so popular, which are:

  • The payments made by cryptocurrencies are formalized immediately, in addition the intermediaries do not exist, the payment is made from one person to another.

  • The realization of payments with cryptocurrencies are simple, since the only requirements is the scanning of the QK code of the person, in addition, that can be done from any country.

  • The taxes included in each Transaction are minimal. Also, that the fees to send money to other countries is very low.

  • These coins are decentralized, so it can not be controlled by any country or institution.

  • Cryptographic systems of coins are extremely safe, to the point that no cryptocurrency has presented any security flaw.

And these are one of the reasons why these virtual currencies have proved so popular and beneficial to people or users. However, not everything with these coins is so simple since then, I will present some disadvantages and in turn a possible solution of it.

disadvantages:

  • The consequences of the existence of many virtual currencies, is generated for the user a difficult handling, that is why you should seek the unification of several cryptocurrencies or give the highlight in one, as the DeepOnion, since it is a better quality

  • One of the threats of cryptocurrencies are quantum computers, which, although they are not yet on the market, are still a latent threat, since these computers have a processing capacity that puts the security method at risk , with which cryptocurrencies work (cryptography). to solve this possible threat, there to start from the most central cryptography, in addition to the study due to these machines to get an idea of what improvements will have to be carried out.

  • The price is only set by the law of supply and demand, which causes so many strong price increases as if large falls. To create increases in the currency and decrease the possibility that this value is lower, the expansion of the cryptocurrency to the countries in which it is still illegal, for this is necessary its promotion which will also get more people and also investors.

The increase that would generate in the cryptocurrencies these corrections is approximately 40% for which they must be taken into account, however it should be noted that, it will not be possible to reach perfection but to achieve a breakthrough

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