The Evolution of Cryptoverse and How it's Helping us Meet our Financial Needs

Looking at the popularity of cryptocurrency lately and the way it is trending in the internet world, if you still find people who have not heard of cryptocurrencies, then you might be thinking, well, he is living under the rock.

The noise that is created by cryptocurrencies in the financial world is absurd for those people who haven't even heard of the cryptos or don't know about it. And why it is like this is because the crypto users, whether they are crypto investors, traders or miners you may find them across the globe. I mean the crypto space has expanded to Europe, America, Asia, Africa etc.

Credits

Talking of myself, when I first came to crypto probably like around more than four years before, I didn't know much about cryptos. Not only me, but a bunch of other people as well and probably rightly so because crypto wasn't mainstream at that time.

Going back some years later, people only knew about Bitcoin and the then Ethereum and probably we might had a few other cryptos as well which we didn't know at that time.

In this span of a few years, we saw the explosion caused by the cryptocurrencies, more and more users came into the cryptoverse and then we also saw companies incorporating cryptocurrencies into their business models, which has sort of worked as catalyst for cryptos. Now we have more than 12K cryptocurrencies in the crypto space and they continue to keep evolving with more and more new cryptos are being introduced on a good pace.

Now, mostly when I ask people about crypto who are not involved in it, they do know about crypto. That gets me thinking how much the world of crypto has evolved lately.

And this doesn't seem to be stopping here. We may see it expanding at even more fast pace and I will not be surprised to see more and more people joining the circle.

And why not, because at one side the blockchain technology has many use cases plus a random guy like me can earn a little bit of money from crypto. And probably there are people who are wholly relying on crypto for their financial needs.

I believe that the governments across the globe have now no choice but to realize the power and workforce behind the world of crypto and come up with regulations that are acceptable to both the parties.

Posted Using LeoFinance ^Beta