Crypto has always caused a polemic argument ever since its inception with the likes of Bitcoin. With fervent supporters on one side and sceptical critics on the other, the fundamental nature of money, centralisation, and the future of transactions is hotly debated.
The battle for legitimacy in crypto rages on. On the one side is much of the legacy financial system, including governments, central banks, banks, and global financial agencies. On the other side are incredibly entrepreneurial and tech-savvy teams and individuals who are building out financial protocols and services, and a plethora of other use cases.
Disadvantages of Cryptocurrencies
Detractors emphasise certain challenges tied to digital currencies:
Volatility: Cryptocurrencies can be notoriously unstable, with prices that swing widely in short periods.
Lack of Regulation: Without centralised oversight, illicit activities have found a shelter in some corners of the crypto world.
Technological Barriers: Crypto transaction
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