Hi hivers, Faiz is here. The biggest reason People are diving into crypto is the transparency that is promised by Crypto. As you know, blockchain technology is the backbone of cryptocurrency; without this technology, cryptocurrency is nothing. Similarly, the crypto is also very important for decentralisation and financial freedom. So, without crypto, blockchain is not fulfilled. Transparency means every transaction is open to the public and permanently recorded on the blockchain.
As you can see, when someone sends Ethereum, Hive, or any other coin, that particular transaction is recorded permanently and also publicly on the blockchain. Now, unlike the traditional financial system, you do not need any permission to see this data regarding transactions because it is already in the public ledger and is permanently recorded there and is most secure. If you are new and do not understand this particular thing, then you can see by your eyes just visit any Hive wallet, and you can check by yourself that every transaction is available there.
Now, just compare it with the traditional finance where the banks, governments, and hedge fund Operates, and the system is tightly controlled, and you can not even understand what banks are doing with your money. They can do whatever they want with your money. You have seen many bank collapse because of this issue You Even know The reason behind this collapse So this happens in this traditional financial systems Because most information out of reach from you So here you are the owner of money but you cannot understand what is happening with your money this is the reality of traditional financial systems also that money is not your money because it is printed by the government and government controlling it. Now tell me honestly, who is the real scammer? lol lolzzz
The Opaqueness played a big role in the financial crisis in 2008. Many conflicts are unnoticed in this financial world, and for financial freedom, Transparency is the main factor that is lacking in the traditional financial system. Transparency and decentralization are the basis of cryptocurrency, which is why crypto is dominating and adoption is increasing.
Talking about crypto then is not flawless because transparency does not mean that it is fully safe and risk is involved here, because you can see that scams and manipulations are happening in the cryptocurrency. There are two groups that have different opinions on cryptocurrency. Some believe that regulation is important, and others believe that cryptocurrency pushes traditional finance to become more open.
Regulation is not a Cup of tea that you can drink easily; this is the game of crypto vs finance. So now, whatever traditional finance is doing, the biggest demand is transparency, and traditional finance has to answer it. However, Crypto has the answer, and it has the transparency that I have talked about in the above paragraphs. I am looking forward to seeing your support for me. Please share and comment below. Good luck, and Faiz is signing off.
