{"id":1258,"date":"2024-10-04T11:53:04","date_gmt":"2024-10-04T11:53:04","guid":{"rendered":"https:\/\/2golo.com\/blog\/?p=1258"},"modified":"2024-10-04T11:53:04","modified_gmt":"2024-10-04T11:53:04","slug":"why-was-crypto-created","status":"publish","type":"post","link":"https:\/\/2golo.com\/blog\/why-was-crypto-created\/","title":{"rendered":"WHY WAS CRYPTO CREATED ???"},"content":{"rendered":"\n

WHAT IS IT FOR?<\/em><\/strong>


Why was crypto created? What is it for?

Even after more than 15 years there are people who ask this question.
Perhaps we should start from the fact that most people today live in two parallel worlds. We call one the “real” world<\/strong>\u2026..and with the advent of the Internet, the “virtual” world<\/strong> was also created\u2026\u2026


Now\u2026.in the real world there is trade and there are various currencies\u2026.and borders between countries\u2026
The virtual world is also traded, but until the emergence of crypts (read BTC) there were no virtual currencies for payment when trading\u2026\u2026that other world initially used (and still uses) “old” currencies from the real world for payment of transactions on the Internet \u2026..

DOESN*T THAT OTHER WORLD DESERVE TO HAVE ITS OWN CURRENCIES ???<\/strong>
Regardless of the fact that it is “virtual” ???<\/strong>

I am of the opinion that this new “virtual” certainly deserves its own virtual currencies, not the
old worn ones\u2026..especially today when it is imaginable to do business and in general
any activity without the Internet\u2026..isn’t it?<\/strong>

It is possible that very soon there will be dozens of cryptocurrencies as an established means of payment in this new “virtual” world\u2026..
Let’s see the main features and difference between REAL WORLD <\/strong>VS VIRTUAL WORLD<\/strong> payment system with cryptocurrencies\u2026..
real system vs virtual crypto system

REALISTIC<\/strong>

– Uncontrolled money emission
(inflation generator)
– Centralized control of transactions (easy for corruption and very prone to errors)
– Transactions are mostly controlled by one validator
(highly error prone)
– High and slow transaction fees
– Limitation of trade and payments between countries
(special permits, different laws in the states).
– Susceptibility to hacking the system high<\/p>\n\n\n\n


VIRTUAL<\/strong>

– Controlled issuance of cryptocurrencies (no inflationary generation)
– Decentralized transaction control (difficult for corruption – large number of validators)
– Transactions are controlled by blockchain – a large number of validators and errors almost impossible)
– Low and fast transaction fees.
– Unlimited trade and payments between countries
(same laws for the whole world)
-Susceptibility to hacking the system also high degree, (but still at a lower level than real world systems).<\/p>\n\n\n\n

    \n
  1. <\/li>\n<\/ol>\n\n\n\n

    OLD SYSTEM (still existing but dying out)
    it led to everything we currently have on planet Earth\u2026\u2026and in cosmic terms that’s not really commendable\u2026..psssst\u2026..<\/strong><\/p>\n\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    WHAT IS IT FOR? Why was crypto created? What is it for? Even after more than 15 years there are people who ask this question.Perhaps we should start from the fact that most people today live in two parallel worlds. We call one the “real” world\u2026..and with the advent of the Internet, the “virtual” world…<\/p>\n","protected":false},"author":3,"featured_media":899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,1],"tags":[],"class_list":["post-1258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-informations"],"yoast_head":"\nWHY WAS CRYPTO CREATED ??? - 2Golo Crypto World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/2golo.com\/blog\/why-was-crypto-created\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WHY WAS CRYPTO CREATED ??? - 2Golo Crypto World\" \/>\n<meta property=\"og:description\" content=\"WHAT IS IT FOR? Why was crypto created? What is it for? Even after more than 15 years there are people who ask this question.Perhaps we should start from the fact that most people today live in two parallel worlds. 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