Nowadays, under the conditions of globalization, financial systems of countries, as well as other sides of the economy, improve and progress, IT technologies and general computerization spread. It promotes the emergence of new financial institutions, tools, and forms of interaction between individuals. Thus, a new analog of traditional currencies – cryptocurrency appeared, and its most common currency – “bitcoin”.
The Blockchain technology is used in the management of economics, finance, bases on cryptocurrency and has a significant impact on the banking system that controls the economy of the world. By making their interests, banks alone decide who, when and in what case should be funded in sufficient quantities, and who can stay behind. Besides, central banks issue extra money when they like it, because of which money is devalued and their purchasing power becomes weak.
In contrast to the weak and unreliable classical systems for the transmission and storage of any data nowadays, there is a network with a high level of protection and inaccuracy – # Metahash – the network which protects your data, saves your time, and cannot be tempered by the third parties.
In modern conditions of globalization, the study of the dynamics of the development of the market of electronic money is of particular relevance and difficult task for the domestic economy, since this will allow to find out certain features of the modern financial sector and related and other socio-economic indicators.
In a world where trends are changing faster than the speed of light, you need to be constantly aware of everything new and respond in a timely way to such changes.
More and more predictions for the trend appear, which can shake the world economy.
So, here are the top 5 of them:
1. Taking into account the fact that the world has never known about such a global and artificially created technology, and that there have not been any serious failures in the system since the onset of the test, we can talk about the success and prospects of the technology of Blockchain.
This year, transactions in US dollars reach 100x than it was at the beginning of the year when the price for bitcoin was $ 1,000.
2. The use of the blockchain can provide a really working mechanism for anti-corruption activities. The logic of the Bitbon System operation excludes the possibility of illegal activities and makes it an effective tool in the fight against corruption.
3. In 2022 Chain may not regulate the trades. There are also off-chain projects such as Lightning Network and Rootstock, which are currently in development but offer a completely new look at this technology. They are activated and cannot be tracked.
4. Cryptocurrency now affects the experience of consumers, so in the future, all new system models will be exceptional and completely new, and not simply replace the average programs. All this will allow to develop the outsourcing infrastructure, create a replacement structure for the financial sector and provide support for outsourcing work.
5. Of course, the government of any country is trying to find another way to collect taxes.
Now everyone who owns a cryptocurrency can multiply his wealth without leaving home.
With each new step in the development of cryptocurrency, governments are increasingly seeing the currencies of their states become weaker and not appreciated as before. They are forced to seek more secure reserves, help, and seriously address the issue of attracting Blockchain technology.
We must not forget that many factors influence on cryptography. However, given the widespread use of cryptocurrency and Blockchain, these factors are unlikely to have any negative impact on the development of technology.
