Can crypto really be banned - Part 1
We live in a digital world where day to day operations and mainly transactions are being done systematically on gadgets through the easy and fastest way of making things easy using technology for the processing of day to day activities with speed and easy access through the use of digital based items and these are made possible through the aid use of technology and the more technology advances the more easier and faster it is to perform tasks.
Even the advance use of crypto is being moved in a mobile way through applications on phone without having a single existence of a so called cryptocurrency bank. Now and for the next future crypto has made purchase and keeping of bulk money in account to be easy without having issues of money being stolen or bank being robbed with their money looted.
The money converted to various decentralized channels like the etherium ,bitcoin ,doge coin and among various others of coins that are being used based on formal calculations there are said to be more than fifty various types of coins that are being used differently and being purchased differently at their explicit value due to the channeled whales regularizing the increase and decrease in the price for the crypto asset that is to be purchased.
The cryptocurrency is shortly explained to be decentralized chain of network meaning every transaction process done on the channel and link is being privatized by the individual without no one having to find out records on how he dispersed his crypto assets.
The crypto business has its advantages of making transactions and individual records private making the users have a fully fledged rest of mind of their money kept, one of the major disadvantages that could be explained as an issue about what individuals use the crypto account for is to transfer fraudulent money and also to loot money from others and use crypto to save and transfer unclean money without traces.
Now talking about the major benefits of the cryptocurrency is the ability to use it to trade or invest in form of coins that had been already converted through cash preferably through other blockchain platforms mostly used like the trust wallet and the coin base app.
The blockchain platform made the transactional trading process for cryptocurrency very easy, fast and reliable in which transactions are always secured.
So taking guesses if the crypto can be banned it might be said to be a very huge way of probability of either the yes or no answer because banning the trading process which involves over millions of participants not only dealing with daily transactions but also a channel linked with meta mask where pictures are being sold and payments are mostly received in terms of crypto coins also under the decentralized blockchain platform.
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Mandate is by name Adeniji Adeshina, a student of Civil and Environmental Engineering from Kwara State University. I hail from Mopamuro Kogi state Nigeria
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