Steemit Crypto Academy Season 2: Learn About Cryptocurrency @gaby7491

I have read your conference on cryptocurrency and it was an excellent explanation with details which serve us a lot to expand our knowledge, this is my task in relation to your conference.

- The biggest difference is the freedom that cryptocurrencies have to handle them, I would say that the decentralized system has a lot to do with it, since cryptocurrencies are registered under smart contracts on the blockchain and all their operations are carried out under the blockchain network, this wants say that no institution is in charge of cryptocurrencies, through this all transactions are the total responsibility of the issuer, and all transactions sent will be registered under the blockchain network, and everyone who wants can see it encrypted, now, the system Conventional financial system is the system in which we have contact every day in our country through fiat currency, this system really has absolute control over our assets, an entity controls this system and through its rules and contracts we must implement this day-to-day system.

- There are certain limitations on the conventional financial system that we must name, be it the long procedures to update account data, or the withdrawal limits, we must perform procedures many times with fear that our account is not blocked for some reason, too a process must be carried out to transfer funds abroad. In the cryptocurrency system, everything has freedom of use, and there are no limitations regarding the transfer limit or limitations for making transfers abroad. It also does not exist to switch between a pair of cryptocurrencies.

- The speed offered by the conventional financial system is good in relation to transfers from the same bank, but when we move on to transfers to another type of bank they already begin to take a long time, from hours to 1 day, this without counting the amount of time and the procedure to carry out an international transfer. With the cryptocurrency system, this does not happen since everything is intertwined in the network of smart contracts, and through a wallet many times it gives you the benefit of making transfers only with the account number of the recipient's wallet, it does not need Nothing else, this happens anywhere in the world where you are, there is also the possibility of exchanging cryptocurrencies for fiat currencies of each country through the p2p wallet, for this reason cryptocurrencies are currently predominant for their safety of use because it is almost impossible for a hacker to steal your cryptocurrencies since they do not have access to any information. Cryptocurrencies is the financial future.

A decentralized system meets the needs of each person financially speaking, since it allows full freedom over our assets, in this way, we can make a financial action without depending on any centralized entity that has controls over assets, a decentralized system is necessary so that everyone can send and receive money quickly at a very low commission cost, and above all that it allows to generate trust due to its great security system and wide ease of use that they have, current systems have great limitations that most people are tired to witness, since many times these limitations tend to appear at inopportune moments, and in the event of any problem, it is necessary to go personally to the entity to omit the problem. It is incredible the functionality and the enormous change in the world economy if it finished completing a global economy in a decentralized way, the changes would be enormous.

Generally, the value of cryptocurrencies is made through the supply and demand of users, from here the value of the cryptocurrency is defined, on this variant there are many extensions that influence the value of the cryptocurrency, either the purpose of the cryptocurrency, the current value, the capitalization of the cryptocurrency, and especially the relationship that exists of the cryptocurrency with social networks, with marketing, since this depends a lot on its future value, a clear current example is the of Elon musk who makes a publication of dogecoin and its value rises or falls, in such a way that he has a certain psychological control on people and investors, we must also pay close attention to how our cryptocurrency is characterized, how many currencies it has, if It is mineable or not, and how many coins will be burned in a certain time, all this influences the value of a cryptocurrency.

In a certain part, anyone can be a miner, but there are certain limitations that make it difficult to do it, since to be a miner we must know what cryptocurrency mining is about, we must amplify the knowledge we have about mining, then we must carry out a In-depth research in relation to the machinery that we need according to the method that we will carry out, through this we will carry out the pertinent calculations to see if mining is feasible according to our strategy, since many of these mined depend on energy power, and especially power The most up-to-date computing as possible, the more up-to-date the machines are, the faster you can mine and the more money you can generate, but this is a great economic burden for the acquisition of this type of machinery, since many of them are made in states. United States or in China, and you have to ask for them, this is when things get a bit ugly, since many countries are governed by regulations. As criminally, on this type of actions, in many countries the use of miners is prohibited, this harms millions of users, but not everything is bad because currently there are large mining farms, which provide their services for the mutual benefit of the user and the mining entity, since the entity lends the use of the machinery remotely and can be paid through convenient installments.

They are called transparent since their registration is made through smart contracts in the blockchain, this allows any user who wants to view transactions for a certain cryptocurrency, to go directly to the blockchain and view the relevant transaction, it will be visible to the entire world, it is directly transparent since each of us can send and receive money from anywhere in the world only with the address of the wallet, it is transparent because we can change in many cryptocurrency walls at a very low commission cost, and the security that this has much better in relation to centralized entities. It can also be said that it is transparent since all the information of the cryptocurrency is registered under a blockchain contract, how many coins are available and how many are in circulation, how many have been burned, etc.

Venezuela is characterized by being one of the countries with the most capitalization in cryptocurrencies in the world, in my country there is free circulation of cryptocurrencies, but not everyone accepts it, there is a small market for them, and most of the time there is You have to enter the black market to be able to change cryptocurrencies to the country's fiat currency, but with advances in technology, this is already being regulated through the p2p payments that some wallets such as binance are making, this allows cryptocurrencies to be exchanged to any Fiat currency, regardless of the country, in this country there is a prohibition against mining since large amounts of energy are necessary and according to the government, they are recycling energy and it cannot be wasted in this type of system, whoever is learned with mining machines in his power, he can go to prison for disobeying a government order. In relation to cryptocurrencies in most current businesses, they are accepted, the only ones that do not accept them are supplies or small businesses that are not aware of it. About people, the vast majority know cryptocurrencies by their operation and their name, but not how to handle them more deeply.

In 2018 a cryptocurrency was created by the country's government, this to prevent the sanctions imposed by the United States against government personnel from affecting the economy, so they created the PETRO “PTR”, this is worth the equivalent of a barrel of oil, this cryptocurrency can be acquired through any cryptocurrency, but it cannot be sold, but can only be sold in the country's fiat currency, as there are major problems with inflation in our country, no one buys that cryptocurrency, except for the government for its foreign procedures, the rest nobody uses this cryptocurrency.

Cryptocurrencies will be the future world economy, for their flexibility that they provide for use in the market, and above all for the great benefits that they provide for being a decentralized system, thank you very much for implementing this topic, it was a very good topic, I congratulate the teacher.

Cc. @levycore @steemitblog @steemcurator01 @steemcurator02