Crypto currency is a new form of digital asset based on a network that is distributed across a large number of computers. The crypto currency are systems that allow for the secure payments online which are denominated in terms of tokens.
There are different types of crypto currency. The first block chain based was Bitcoin, which today has hit the record ever on value recording over $ 30.000,00
There are other cryptocurrencies with various functions and specifications. Today many experts believe that the block chain technology has a big potential in the near future for different uses.
JP Morgan Chase see the potential to lower transaction costs by streamlining payment processing.
Obviously there are advantages and disadvantages. Among the advantages the first of them is that transferring funds between two parties is much easier, without a third party involvement such as banks and the related fees of transfer are minimal.
One of the disadvanteges could be that crypto currencies are used in order to money laundering and to avoid tax payments; by the way recent stories has reported that bitcoin blockchain has helpd authorities to arrest criminals.
On the economic prospective the crypto currencies has the feature of preserving value against inflation and has become a mean of investment in to funds to them connected.