The risk-reward dilemma in cryptocurrencies

While the future of crypto remains fairly undetermined, it may be prudent to stay a cautious player

The cyberspace and its continuously evolving technologies have advanced rapidly over the last decade. This development has resulted in the creation of a whole new genre of currencies based on cryptography and distributed computing called cryptocurrency. Blockchain is the underlying technology for these digital currencies and is treated as a commodity in countries where they are recognised. Cryptocurrencies are decentralised and cannot be controlled by a central bank, challenging traditional financial systems.
 
Cryptocurrencies aim at minimising transaction charges or “taxes” associated with the transfer of funds by the removal of intermediaries who charge a fee to process transactions. These