THE CRYPTOCURRENCY IMPORTANCE IS INCREASING DUE TO RUSSIA UKRAINE CONFLICT

Due to Ukraine and Russia war, the ambience of the world is being hot. Along with this war, the dangers of world war are growing.

Meanwhile, cryptocurrency is reflecting its needs and importance. Ukraine is getting a lot of help in cryptocurrency. When Russia declared war against Ukraine, then Ukraine began to accept cryptocurrency support. It is now receiving support through cryptocurrency. According to the Blockchain Analytics Company Elliptic, the Ukraine government has received 35 million dollar in cryptocurrency.

The importance of the cryptocurrency, when Ukraine started taking cryptocurrency assistance from 26 February, is growing up. Cryptocurrency is based on blockchain. Many people have been investing on cryptocurrency around the world. But its purpose is not investment. If any transaction record is taken, it cannot be changed. Due to the encryption feature, blockchain is always safe.

The biggest thing is  that, cryptocurrency is a decentralized system. It does not need a intermediary  such as banks and financial institutions. Here the transaction authority is confirmed and participants verified by themselves. That is, cryptocurrency is very different compared to other currency. According to some recent reports,the banking website on Ukraine have been attacked by hackers, and the banking system there are not working properly.

In this, the importance of cryptocurrency has increased. Because, no one can target over it.