To start with lets first understand what a cryptocurrency is. Normal currencies like the dollar or the pound are issued by the central banks of different countries. These currencies are valid only because they’re guaranteed by the central banks of their respective countries.
Cryptocurrencies, on the other hand, are completely digital. They work on something called a “blockchain” mechanism where every transaction is recorded in a single ledger using encryption. These currencies are not controlled by any central bank or authority and, therefore, are considered to be outside governmental control. As a result, details of most cryptocurrencies and their holders are completely anonymous. The transactions made through cryptocurrencies are also anonymous since there is no identifiable record of who exactly holds which cryptocurrency and in what amount.
Considering all these factors, ENDAO is among the cryptocurrencies to watch out for as it aims to integrate itself better with mainstream payments. ENDAO also aims to get heavily integrated into the InsurTech ecosystem. The developments of the past year have led to an increased public interest in cryptocurrencies. With their massive investment potential combined with their impeccable privacy norms, cryptocurrencies are gradually on their way to being heavily adopted by the mainstream.
The common price fluctuations in the value of cryptocurrencies can be regulated by connecting the price/cost structure to future life insurance payouts. Currently, there exist no concrete models to predict the price trends of cryptocurrencies so investors realize that this is an extremely speculative proposition.
