Cryptocurrency

Cryptocurrency has gained significant popularity and economic value within the last few years though there is a lot of discussion and controversy in the market concerning the sustainability and the regulation of Cryptocurrency. Its advocates appreciate its structure and the fact that it is not tied to any third-party intermediaries such as banks. However, cryptocurrency enables unlawful transactions and fraud and uses a lot of energy because of the use of proof-of-work. In light of the changing regulatory landscape and with the use of new technologies including smart contracts, cryptocurrency is poised to revolutionise the sphere of finance and international trade if key issues are to be solved. The legitimacy of the mainstream adoption by big players in the financial and technology industries, such as banks and online retailers, adds further credibility, but there is still ambiguity on the future of cryptocurrency.