Cryptocurrencies: The Future of Finance
Parth Singhal |
TEDxYouth@SGIA
• September 2021
Bitcoin, the first Cryptocurrency, was created in 2009 following the Global Financial Crisis, in an attempt to fix the underlying bottlenecks in the traditional financial industry. Having only been around for just over a decade, Bitcoin, alongside other Cryptocurrencies have already revolutionised the Financial Sector with the likes of Blockchain technology.
My motivation for this talk stems from the simple fact that the existing financial sector is inefficient, and allows financial intermediaries to exercise paramount influence, leaving the average consumer at the mercy of these major institutions. However, Cryptocurrencies attempt to provide alternatives to these traditional practices, with greater security and more individual power. Having only been around for about a decade, the general public is relatively hesitant to delve into a new revolutionary idea, and through this talk, I aim to educate them regarding the potential benefits of Cryptocurrencies for the average individual, and encourage them to explore Cryptocurrencies as a part of their future.