Most buyers of cryptocurrency rely on the fact that the price of any "coin" they buy will increase dramatically. However, the ultimate goal of many digital currencies is not to remain a highly volatile asset for the traders' speculation, but to offer a viable decentralized alternative to the existing money system. Not all cryptocurrencies will achieve this goal. Some lack the technical ability to handle a sufficient number of transactions, all the cryptocurrencies they remain extremely unstable, and in their way there are both legislative and psychological barriers.
Garrick Hileman, working at the London School of Economics and the University of Cambridge, and specializing in monetary systems, said that there is a significant difference between currency and money. "Many things in the space of the blockade correspond to the definition of currency," he said. "Cryptocurrencies, such as Bitcoin and Litecoin, function as a means of exchange, since you can buy things with their help. They keep value day in and day out, although they are very unstable and the fact that they can lose value so quickly is the main sign of the question. " In order to replace money, a cryptocurrency is required to take on the role of a "unit of account", in addition to functioning as a means of exchange and preservation of value. The unit of accounting is the unit in which goods and services are valued in a particular country, for example, the pound in the UK.