@stackin crypto will create billionaires

Digital currency solves the problem of distrust between transacting parties and the vulnerabilities of centralized finance. The blockchains (public ledgers) upon which digital currencies are based have no
insider control, which means they cannot be manipulated. The ledgers are fragmented across thousands of computers, all of which verify every transaction, so hacking is all but impossible. All transactional data is at the same time public, while ensuring privacy since no personal information is required to complete transactions, unlike those made with credit cards or other centralized processes.

In fact, the term “digital currency” is something of a misnomer. These software-driven “proofs of worth” (for want of a better expression) have the potential to represent so much more than money alone.

Perhaps the biggest barrier to the success of digital currency is the difficulty in explaining its mechanics to the layman. However, that’s a temporary drawback. Few people actually understand how money works, but we all know how to use it for the things we need to use it for. The same will be true of digital currencies as they gain credence.