HandelsZeitung, a Swiss media outlet published a one page spread singing praises of cryptocurrencies and their underlying Distributed Ledger Technology (DLT). The chant is accompanied by a compact step-by-step guide for beginners to learn how to buy and appropriately store their digital coins. Meanwhile, the post seems like a good sign that of strong crypto adoption; despite the recent price struggles.
Additionally, Switzerland’s Federal Council recently proposed to upgrade the nation’s banking infrastructure laws to accommodate DLT; and further position the country as a top industry destination. In fact, the nation has gladly and broadly welcomed the implementation of the blockchain industry in business and government operations.
Krypto für Dummies
The article outlines an optimistic perspective of the future of cryptocurrency in Switzerland. Furthermore, going as far as highlighting; how digital currencies make it easier to trade, exchange and send assets across the world. Meanwhile, the author candidly takes the reader on a journey through; finding and buying digital currency, storing them and selling the currencies back in exchange for Swiss notes. Which the writer concludes as all on a smartphone mechanism.
Difference Between True Cryptocurrencies and State-Owned Cryptocurrencies
Additionally, the post highlights a significant distinction between true cryptocurrencies and state-owned cryptocurrencies. Which the writer notes that true cryptos such as Bitcoin are decentralized and operate through; a worldwide, boundless and unregulated blockchain. While on the other hand, state/enterprise -owned coins like Facebook’s Libra and the Chinese Digital Yuan which are centralized and operate through a controlled blockchain.
“True coins, like Bitcoin, are “not a speculative phenomenon, but a piece of amazing technology that allows one to suddenly have and control assets and money virtually without relying on other banks or companies.”
The writer adds a final reminder notifying readers that the crypto-verse is yet to grow and face significant ease of transactions.