Nelsedos

part 1 Crypto currency is a digital asset designed to work as a means of exchange with the help of solid cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets respective block chains. Cryptocurrencies main ideology is decentralized control as opposed to centralized digital currency and Central banking systems currently in operation. There is absolutely no doubt of the unique features of cryptocurrencies and what they tend to offer but the simple question is will they be adopted as mainstream currency just like the paper money? Having observe so many flaws associated with crypto currencies, I fear a truely decentralized form of crypto currency will not be adopted. some of this flaw's includes money laundering, inability to cancel wrong transactions or make return from such, too many crypto currencies owned by individuals, unknown identity of some holder's and creator of these coins, easy tools for fraudulent activities, lack of government interest and many more too numerous to mention the above bullet points will be expansiate on part 2 of this article and thought.