Everything is digitalized in this new era. Every day we are finding anything new and leaving traditional something. We know certainly bit coin has started becoming a new trend or we can say it’s becoming digital currency. While only 3% of the world population uses bit coin now but it is assumed that in near future it will surely increase.
CRYPTO-CURRENCY is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. A crypto-currency is a digital asset that can be exchanged. The “crypto” part stems from the use of cryptography for security and verification purposes during transactions.
E-sports describe the world of competitive, organized video gaming. Competitors from different leagues or teams face off in the same games that are popular with at-home gamer: Fortnight, League of Legends, Counter-Strike, Call of Duty, Over watch and Madden NFL, to name a few. These gamers are watched and followed by millions of fans all over the world, who attend live events or tune in on TV or online. Streaming services like Twitch allow viewers to watch as their favorite gamers play in real time, and this is typically where popular gamers build up their fandoms.
The difference between traditional sports and esports that is brought up strenuously when the two are compared is obvious. Esports is short for electronic sports. The electronic aspect is a big difference. Esports players are required to live in team houses where the focus is all about the team and the game.
In the past few years, crypto-currency’s financial term has developed a lot of trust in the eyes of the public. Digital currency has become terminology which is on everybody’s lips. Everyone is fully appraised of the word “bit coin” which is one of the types of crypto-currencies.
Crypto-currencies look like a financial method for kidnappers, fraudsters, and offenders who are most of the time involved in ransomware method. But there are various benefits as well.
Crypto-currencies has taken over the online gaming world.
Digital currency exists out of many regulations and laws that give an allowance to occur rare inaccessibility. Once a crypto-currency transfer has been accredited, it can’t be reversed as it used to be there in “charge-back” transactions which are allowed by credit card companies. Traditional banks charge some amount in order to process transactions. But digital currencies charge little or no transaction fees that are exchangeable over the network. There are billions of people with an access to the Internet or smartphones and having no access to a traditional exchange. For these kinds of individuals, crypto-currency is a perfect example. By and large, the digital currency has a broader vision to go before they can supply traditional standards as a tool for global business.
There are always advantages and disadvantages to any kind of situation in life. So, for making the right decision; we are required to measure both pros and cons in details before making a final call. We have to understand properly what it is, and decide in prior what to do with the same.
Crypto-currencies market is fast and wild. Nearly every day new crypto-currencies appear, old die. The early adopters get wealthy and investors lose money. Every crypto-currency comes with a promise, mostly a big story to turn the world around. Few survive the first months, and most are pumped and dumped by speculators and live on as zombie coins until the last bag holder loses hope ever to see a return on his investment. But the fact is, many people are still not much aware of crypto-currency. People need to become literate so that its application is also implemented in their lives as well. With such an efficiency in the system that is developed and has a capability of doing something, traditional processes appear as they move in a way of horse and buggy. Strong techniques that are employed throughout the distributed ledger and crypto-currency transaction methods are a protection against any kind of theft and fraud; so gives a guarantee to the consumer privacy.
Recently eToro has announced ongoing partnerships with seven English Premier League football clubs for a crypto-currency trial, it is important to mention that using sports stars and sport in general to promote a crypto-currency is hardly breaking new ground. It has been a viable angle for the promotion of a new crypto-currency for many years. The combination of crypto-currency and sport has been around since the early days of crypto and is not a new thing that has just taken off in 2018.
Although the relationship between crypto-currency and sport has been around from virtually day-one, at this moment in time, we just see the tip of the iceberg. We can come in conclusion that in the future every sport will have at least one major crypto-currency, if not more, that will play a major role in the sport itself and its reciprocal action with fans.
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