While many people have predicted the demise of the cryptocurrency sector, so far each one of these predictions has been proved wrong. Below is a guide to 5 reasons why cryptocurrency is here to stay.

Cryptocurrency is transparent

Because cryptocurrency transactions are recorded on the blockchain ledger, the sector offers one of the most transparent monetary transfer systems in the world. This transparency has helped to increase the trustworthiness of the sector.

Cryptocurrency is decentralised and distributed

A significant reason why crypto is here to stay is the fact that a government, or any other third party, does not control it. The decentralised nature of the system means that even if one part of the cryptocurrency network fails, transactions can still be completed and recorded on the blockchain.

Cryptocurrency is secure

Each transaction performed using a cryptocurrency such as Bitcoin is underpinned by a complex mathematical proof. This makes the cryptocurrency network almost impossible to manipulate and attack.

Cryptocurrency is under constant development

Every week, new cryptocurrencies are being developed and launched. There are now thousands of cryptocurrencies which serve a range of different purposes and cater to different niches. The number of new cryptocurrencies under development means that technological advances are being made at a fantastic rate.

Cryptocurrency volumes are trending upwards

As a result of the breakthrough into the mainstream in 2017, cryptocurrency trading volumes have been following an upward trend consistently. The larger the cryptocurrency market becomes, the less likely it is to fail.