What Makes Cryptocurrency Exist?

If you want to answer the question above we need to see the initial history of the emergence of Bitcoin in 2009. Before the appearance of Bitcoin in 2008 there was a global economic crisis that caused the third largest financial institution in America, Lehman Brothers went bankrupt because of the economic storm.

Bitcoin is possible because you want to make the eyes that can be used in all countries, so it is universal, meaning we don't need to bother when we have to go another country and make a transaction

At first, Crypto was created as a breakthrough form of the dominance of fiat currency circulated by one country. Coupled with the injustice of the exchange system, where there are countries that are strong once the currency and some are very weak. Not to mention the moral hazard of the government that prizes money as long as the devaluation causes the wealth of people to decline.

As we know in this digital era of communication happens very practical. Humans no longer need to wait for days to get an electronic mail reply. In addition to eltronic letters, telephones, video calls, short messages, pictures, videos, everything can be sent directly from A to B without time difference at all, no matter the distance between the two. This happens because of technological sophistication that not only cuts time but also communication intermediaries such as the post office which is now no longer relevant. Cryptocurency was created to overhaul the circulation scheme. Through it, transactions between A and B can occur without intermediaries, in shorter time, cheaper costs, and even more securely than transactions offered by banks or other similar institutions.

My future for crptocorency will be increasingly popular because of its convenience, especially now that cryptocurency is aligned with the world currency and important commitment because it has entered the forex exchange. Lots of ease of convenience that we can get through cryptocurency like for example transfer fees abroad at a free fee compared to transfers through banks whose costs are expensive.

It could be that the birth of this Crypto is because the idea of making a match for the USD that has been overded or becomes a world currency, and its owner will convenience and flexibelity

if from my understanding, this could be because we want effectiveness in terms of transactions, because if we make transactions via bitcoin, we can directly do it anywhere, without having to exchange money