Community Forex Questions
What is the future of cryptocurrency?
Cryptocurrency is a digital currency that relies on cryptography for security. There are many different cryptocurrencies, all of which are based on computer algorithms. Cryptocurrencies cannot be created by governments or banks and they are not backed by any monetary authority. Cryptocurrency is difficult to regulate with some states banning it all together. Some people believe that cryptocurrency will replace traditional fiat currencies in the future.
I think that cryptocurrencies will keep going strong and increase in popularity as more people appreciate their advantages. Having said that I think we are still a long way off from having them replace traditional fiat currencies, although one can never say what will happen in a few decades.

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