Why Does People Getting Worried About Cryptocurrency!

There are certain predictions about cryptocurrency as a monetary unit in future. However researches shows that most of the people doesn’t familiar with cryptocurrency at all. Even though interest to cryptocurrency continues only 1one tenth of people have knowledge about how this technology Works. Here are the details.

How Is The Situation of Cryptocurrency Usage?

Most of consumers have cautious attitudes towards cryptocurrency. Because of tmost common underlying reasons are not understanding how cryptocurrency work and they have no trust in them. According to KasperskyLab’s research displays interesting data about this topic. According to this report 28 percent our country’s population have ideas about cryptocurrency. Evenmore most of them are eager to use this technology but only one tenth of them have understood how it works. That means nine tenth of them struggles to understand cryptocurrency and it’s underlying technologhies. This situation causes their attitude towards cryptocurrency cautious.

Many celebrities use cryptocurrency in our world. Some of them are Johnny Depp and PewDiePie. Despite cryptocurrency adopted by celebrities it’s adoption rate among global consumers decreases. Most of consumers doesn’t understand cryptocurrency at all. This makes an obastacle about becoming a main trend. According to survey conducted by Turkey nearly 77 percent of population didn’t buy any currency. This data shows that cryptocurrencies are far towards as a common way of payment and investment channel.

Lack of information and insecurity towards them makes cryptocurrency affected?

According to data from the survey most participants stated that they want to use them but lack of information prevents them from doing it. Also this shows that most people who have interested in them have given up on them by the same reason as well. Their reason of giving up on cryptocurrency is that they think the process of cryptocurrency gets more complex.

This shows that the reason behind rare use of cryptocurrency is not just lack of information and cryptocurrency users give up on them because of lack of information they encounter on them. As understood first reason about cryptocurrency’s uncommon usage in our country is lack of information.

Misunderstanding of cryptocurrency makes the perception of cryptocurrency is unreliable. Thus according to surveys most of consumers thinks that it’s an temporary trend and it’s not worth trying for.

There is an intense demand on the usage of cryptocurrency and interest towards them have peaked as well. According to this survey shows that despite nearly one forth of population have never used cryptocurrency stated that they wanted to use cryptocurrency in the future. Despite this situation, general perception about consumers is that cryptocurrencies thinks that they fear that they put their money at stake by investing in them and because they think thatt they are unreliable.

Does cryptocurrency market targeted by cheaters?

Cheaters use virtual envoirment to their advantage as well as using cryptocurrency as well. According to survey one fifth of people have stated that they have encountered cyber-attacks while they were bartering cryptocurrency. A potential threat to this subject is creation of forged e-wallets. Criminals create forged e-wallets to make people invest their money. 13 percent of our country’s population have become victim of cryptocurrency cheaters.

The advice of KasperskyLab’s crypto businesses and smart contracts are to use best security solutions and to use security proven frames. Evenmore it’s important to get the smart contracts to be evaluated by third parties in the case of any security gaps.

Well what you should and shouldn’t do if you’re interested in cryptocurrency or if you want to invest in cryptocurrency? What kind of security precautions you should take? Continues at the news.


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Ata Tekeli

Ata Tekeli

Hi, my name is Ata Tekeli and attending 2nd year at Istanbul University Department of Economics. I'm writing and translating news and articles for en.Moblobi.com. If you want to follow me on en.Moblobi.com! https://moblobi.com/author/ata-tekeli/

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