Intro: Cryptocurrency has presented an alternative form of financial system where individual privacy and independence are the most prominent attributes; which are otherwise leaking in traditional existing widespread financial system. But, doubts still persists in the face of stringent opposition by the traditionalists.
Aim of article: To draw a frame work of important attributes of cryptocurrency that will take it to prominence.
Brief history: Although, in 1990s, the idea of cryptocurrency as an alternative finance system was tossed around. But, the serious efforts begin with the introduction of Bitcoin in 2009 when Satoshi Nakamoto published the white paper. And thus begin the rollercoaster ride of crypto.
Initial adoption: Although, the system of finance brought out by Satoshi was not only complete in itself but it also offered very wise solutions to all the predicaments; that human race was faced with due to the manipulative nature of existing financial system. Even then, it took around 7 years untill 2013's bull run, that Cryptocurrency gained credence and widespread adoption of Bitcoin kick started.
Altcoins: The succes of Bitcoin motivated tech geniuses to bring out other cryptocurrencies on the parallel spectrum which lead eventually to Major altcoins like Etherium, BNB, Solona and so on and on.
Major Support: Financial gaints like Elon Musk, Robert Kayosaki and Micheal Saylor pushed the interest of people towards crypto trading and it did paly an important role in building the confidence and trust in cryptocurrency as an alternative finance system. And latter on, the approval of Bitcoin ETF played an important role in it's mainstreaming.
Maj Problems and Obstacles The traditionalists are the biggest obsiticle in the path of crypto, they don't want the existing parasitic system to be replaced with such a decentralized and free system where an individual can have complete possession of his wealth.
Way Farword As a wise man said and I quote '' No power on Earth can stop an idea whose time has come.'' It is not the mere optimism that has led to the widespread adoption of cryptocurrency but the strong fundamentals of this system, that are hard to ignore.
