Mission of World Crypto Day
Let's Celebrate the Benefits of Using and Investing in Cryptocurrency:
TRANSACTION SPEED
1. One of the advantages of cryptocurrency transactions is that they can be completed in a matter of minutes. Once the block with your transaction in it is confirmed by the network, it's fully settled and the funds are available to use.
LOW Transaction costs
2. Cryptocurrency transactions are usually less expensive than wire transfer fees even on the most congested blockchains.
Accessibility
3. All you need is a computer or smartphone and an internet connection. Cryptocurrency offers a way for the unbanked to access financial services without having to go through a centralized authority.
Security
4. Transactions are secured by the nature of the blockchain system and the distributed network of computers verifying transactions.
Privacy
5. Transactions are pseudonymous, which means you have an identifier on the blockchain -- your wallet address -- but it doesn't include any specific information about you.
Transparency
6. All cryptocurrency transactions take place on the publicly distributed blockchain ledger. This level of transparency can reduce fraudulent transactions.
Diversification
7. Cryptocurrency can offer investors diversification from traditional financial assets such as stocks and bonds. That can make them a good source of portfolio diversification.
Inflation protection
8. Bitcoin has a hard cap on the total number of coins that will ever be minted. So, as the growth of the money supply outpaces the growth in the Bitcoin supply, the price of Bitcoin ought to increase.
Why World Crypto Day? World Crypto Day... a cause to champion.
- to recognize those who advanced cryptocurrency technology
- to honor those who devoted their careers to build the foundation of the crypto currency age
- to promote science, technology, engineering and math (STEM) learning and education
- to encourage that crypto currency be used for privacy, security and transparency
- to encourage that crypto currency be used for energy and power grid reliability and resiliency
- to celebrate crypto's positive impact on the economy, culture and society
- to recognize the portfolio management benefits of diversification, inflation protection and accessibility
- to recognize that crypto currency offers high speed, low cost transactions, globally
- to honor Satoshi Nakamoto who created a new currency called bitcoin on January 3, 2009
- ...please let us know if you can think of some more reasons to celebrate.