The future of digital currency

“Ah, but it’s digital now.” The word “Digital” is derived from the Latin digitalis, digitus (“finger, toe”); It is now used in computers and televisions, cameras, music players, clocks, digital currency, etc.


The printing press was a turning point in his day, and in many cases, it was a symbol of democracy. Books available to the public were truly revolutionary, and now we have e-book books and reading technology. The fact that the first words are numbered and written in electronic letters does not mean that we have little faith in the words we read, but we can still choose the beauty of a book that appears on a piece of high-tech plastic. Its battery needs a charge to continue operating. Can digital currencies like Bitcoin contribute to significant social change?


To answer this, we must ask what it means, how we understand it, and how we use it and keep it in a developed world. This means that unlike any other type of property, it is unique in that it can use for anything before the event. It means nothing, yet it can be used to great or great harm, despite its many manifestations and consequences. It is a unique but misunderstood and misused product. There is the simplicity of facilitating the buying and selling of currency and the complexity of the statistics displayed by the financial market. Yet, there is no sense of equality, morality, or moral decisions. It operates as an independent organization yet in a global community, both internally and externally. It is impersonal and easily changeable, yet it is regarded as a limited resource in the global context; its growth is governed by a set of complex laws that determine how it behaves. However, the results are not entirely predictable, and There is no need to use the promise of social justice and hatred for moral decay.


To successfully perform the required financial functions of the currency, the necessary amount of money must be a common belief of those who use it. In November 2013, the U.S. Senate Committee The State Security and Government Affairs acknowledged that real money, like Bitcoin, is a legitimate payment method. Due to the very low transaction costs the Bitcoin network charges, it provides a realistic way to allow migrant workers to transfer money currently returning to their families without paying the high transfer fees charged by companies. The European Commission estimates that if 10% of global exports fall to 5% (plan “5×5” approved by the G20 in 2011), another 17 17 billion could enter developing countries; This value will be closer to zero when using the blockchain. These transfer companies that incorporate resources into the system should not be investigated using such infrastructure.

Is this the future of digital currency?

If you are interested in the future of digital currency and how we can use it to benefit society and society, see Byte Power X Australia.

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