Rocky Rabbit Enigma for 17 September 2024

Arrange the 12 passphrase words in the correct order.

Before investing in Cryptocurrency please take a note about its several notable drawbacks. Here are some of the main cons:

1. Volatility

• Cryptocurrencies are highly volatile, its prices dramatically fluctuats over short periods of time. This can lead to financial losses for investors.

2. Lack of Regulation

• The cryptocurrency market is largely irregular in many parts of the world, which can lead to fraud, scams, and market manipulation.

3. Security Risks

• It uses blockchain technology which is generally secure but cryptocurrency wallets and exchanges can been hacked. Users can lose their funds permanently if they fall victim to phishing attacks, hacks, or if they lose access to their private keys.

4. Scalability Issues

• Some cryptocurrencies, faces scalability challenges that leads to slow transaction times and high fees during periods of high demand.

5. Environmental Impact

• Most cryptocurrencies particularly those using proof-of-work mechanisms (like Bitcoin), require significant energy to mine. This has raised concerns about their environmental impact, contributing to carbon emissions and energy consumption.

6. Limited Adoption

• Despite of growing interest, cryptocurrencies are still not widely accepted as a form of payment.

These are some drawbacks that make it essential for potential investors to be cautious and well-informed before getting involved in the cryptocurrency space.