Transaction Rights: Block Chaining Outcome

There is a dream that every ordinary individual that sees everyday and visualizes it in such a manner that it provides him with a satisfaction of sorts, as though by living this dream it come true sooner or later.

I mean lets face it- who doesn’t want to envision himself/herself as a rich business magnate or industrialist or a star celebrity of sorts, who has all the comforts in the world, resides in a massive mansion, with hundreds of cars parked outside and numerous servants at his disposal, awaiting orders to do his bidding?

A lifestyle, devoid of worries and woes, no tension or stress in life to rack his brains out and forget to live in the present by constantly worrying about the future. This sort of dream coming true will be nothing short of a miracle but, regrettably, the chances are basically nil and with no respite in the future given the current scenario.

The paramount thing in every youngster’s mind today is to settle down to a comfortable lifestyle that nothing but a well paid job can give, with a nice pension waiting in the near future, all the while spending time with wife and children and taking care of their needs.

Investment is the best option that is available in this regard and also the most secure as it is a tried and tested technique and which requires a keen investment sense from the investor’s side.

There are different types as far as investment is concerned and based on the needs and requirements, you can choose the one that you find most suitable keeping your financial conditions in mind.

Some of them are as follows:

  1. Stock
  2. Real Estate
  3. Bonds
  4. Funds
  5. Assets

However, there is one more type that can be added to the above list due it proving its mettle and having established itself as a reliable tool. It is called the crypto-currency which came into being only in the 21st century.

Crypto-currency or digital currency is a new one that came into the market as a means to provide a new platform for three types of people-businessmen, investors and youngsters of today.

It came with the hope and aspiration to replace normal currency sometime in the new future due to its creative and innovative features in technology. This new technological discovery became a massive phenomenon that helped in changing the lives of the aforementioned group of people for the better.

There are numerous examples that you can give about crypto currency:

  1. Bitcoin
  2. Litecoin
  3. Ethereum
  4. Ripple
  5. Time Monero
  6. Bitcoin cash
  7. MoneyGram
  8. EOS
  9. Cardano
  10. Stellar

The above examples are just a few of them as there are numerous other upcoming projects in the field of digital currency that are not yet very well known in the outside world but do seem to have the potential to prove their mettle given the chance but only on the lookout for a relevant opportunity.

The most popular and successful of the lot is the bitcoin. It was launched in January 2009 and established its dominance in the market of digital currency and rose to prominence just within a year of its launch providing the necessary boost for the new wave revolution of crypto-currency.

Bitcoin became the torch bearer and mascot for potential currencies in this field and grew from strength to strength as investors and businessmen flocked to have their bitcoins and took to it like ducks to water.

As a result, not only they, but even the current generation youth brigade changed their fortunes from being normal, job and cash-deprived youths to overnight millionaires.

An important player in this game is the blockchain, which proved to be a modern day ledger document that stored the data of financial transactions for bitcoin and other crypto currency users. TheBlockchain, basically means a chain of blocks that helps to store financial data in digital format and that too in a secure and risk free way. Generally speaking, it can be called the foundation stone or ‘block’ of crypto-currency.

The transaction rights can be called as the necessary products of block chaining as they have a monopoly in this field and for the following reasons:

  1. It helps curbing price inequality (nur rund 5%)
  2. Supply of money remains stable
  3. It expands transaction possibilities through increase in volume of currencies.