The creation of Ethereum back in 2014 has opened up endless possibilities not only for investors but for the entire global economy.
As more and more people are learning about the blockchain and its potential, we’re seeing more opportunities than ever in almost every industry. A previously hidden-away, largely unknown opportunity that was limited to computer buffs has now been opened up and made available to the whole world.
One of the first major industries that are likely to be interrupted by these new technologies is one you probably hadn’t even thought of: freelancing.
The rise of cryptocurrencies
Cryptocurrency is digital money. It is created from code and is free from all governmental oversight. The economy is completely decentralized and is instead monitored by a peer-to-peer internet protocol.
Using cryptocurrencies has many benefits over regular currencies. The main advantages include:
- It reduces fraud – once a cryptocurrency has been transferred, it cannot be counterfeited or reversed by the sender. This is not the case with credit card transfers.
- Lower fees – the middleman is completely cut out due to the centralization of the blockchain, and there are no transaction fees.
- Universal recognition – cryptocurrencies are not bound by the exchange rates, interest rates, or transaction charges of any particular country. They have been designed to be used at an international level without any problems – making it a great option for our increasingly global economy.