Let’s turn away from the AMA for a moment and talk about why cryptocurrencies are growing in popularity these days. No matter what anyone says, that is an established fact.
After all, cryptocurrencies are the main financial trend of the 21st century. But let’s look at why cryptocurrencies are becoming so popular. We have pointed out a few key reasons for the staggering popularity of digital currencies, so here they are:
Decentralization. This means the absence of a head, regulatory authority. All market participants of the decentralized financial network are peers, operating on the same level.
No middlemen. All transactions go directly from person to person. Banks, funds, and other financial institutions need not apply.
Minimal fees. Whatever lost costs go towards processing transactions, since each piece of code has to be encrypted and decrypted using processing power. Commission fees are miniscule — starting from 0.0001%.
Anonymity. Nobody cares who you are and where you got your money. On blockchain, you are the sole proprietor of your money, and you don’t owe anyone anything.
Security. Trying to hack your wallet to steal your cryptocurrency is incredibly difficult, and more often than not, simply pointless.
Cryptocurrency is built upon pure logic, and is backed by strong values, which is why we’re looking to develop our ESP Coin project in this field.
