It’s a popular myth that cryptocurrency has no real world value. Here’s why it’s wrong.
Total cryptocurrency market capitalization is now at $321,233,020,883 according to CoinFi, a cryptocurrency market intelligence platform. Given that, it’s no surprise most know about it. But that’s where the knowing stops, according to December 2017 survey data.
Of the 1,035 American adults polled for the survey, 78 percent didn’t know where to buy cryptocurrencies and another 66% didn’t know what an “ICO” was.
“Crypto is outperforming almost every other traditional investment at the moment” says Han Chang, CoinFi co-founder “yet it’s still widely misunderstood and can be unpredictable without the right background and knowledge.” And misunderstood it is.
One of the biggest myths surrounding cryptocurrency is that it has no real value or practical application.
Turns out virtually all the major coins have real life goals, and are tied to either improving (or disrupting) existing industries.
Let’s start with Ethereum.
It was built partly to execute “smart contracts.” These smart contracts have an unlimited number of applications. For one, they can facilitate safer transactions, like fulfilling them only once certain conditions are met.
Source/More: Is This The Biggest Myth About Cryptocurrency?