The
impact of technology on the various ecosystem of man's endeavors cannot be
overemphasized. It is the brain box of many industries today and it is quite
impossible to do without the products of technology. However, the truth about
it is the fact that there are advantages and of course disadvantages that come
with new technologies. It is therefore left for those who utilize the products
to master how the disadvantages can be bypassed in the course of using the
technology. The positive sides are also amplified and that is quite well for
the progress of the people using it. Without any iota of doubt, technology is
great and the products that come along with it are quite essential to life and
that is the position of bitcoin as well.
However,
the risk associated with the use of fiat money is great and that's why new
technologies are exploring new ways and means through which people can make
payment successfully. The various online payment channels can be compromised by
hackers and few of them have been impacted recently by the activities of these
hackers. It is therefore essential that better technology is innovated in the
area of currency and that'd how bitcoin came to your scene. The idea of
getting virtual and digital currency that is not controlled by anybody, not
regulated by the privileged few has been the brainpower behind the innovation
of the cryptocurrency.
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