Steemit Crypto Academy | Summary On Homework/Task 6: All About Blockchain Security 2

INTRODUCTION

Every week with you Steemians is always fun compared to the previous week. Your participation in my class and in my homework task has been impressive. I cannot but say thank you to everyone who participates. In the week 6 assignment, there was a total of 132 assignments, a figure higher than the week 5 number of participation which was 126. The Steemit crypto academy has been a place for everyone to learn and earn and I must say that it has been going on well.

General Observation, Guidance, and Reactions

One thing I have always done is take time to review all posts carefully for plagiarism, grammatical construction, photography sources and plagiarism, and spinning. In week 6, I must commend the ability to write posts with very few posts being plagiarized.

For week 6, I realize that most people just write posts that are less than 300 words or posts that are more than 300 words but not going into details on the subject of the topic. In other to get a good rating, your post needs to be focused on the subject of the topic and be a minimum of 300 words.

Plagiarism has been at its lowest this week and I hope we can have posts that are plagiarism free in subsequent post.

Three Interesting Homework Posts You should Checkout

Like I always say, everyone is a good writer but then, I have to pick three posts that deserve attention and for the week 6, I will be selecting this users/posts;

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Crypto Academy Week 6 - Homework Post for @gbenga || Security Benefits and Impact of Cryptocurrency in the Banking Industry - @greatness96

Transactions in the blockchain is highly secured and private. Nobody can monitor a user’s transaction in the blockchain. For example, if Okon transfers Bitcoin to Etim, there is no monitoring organisation to track who is sending what to who. That way, it is impossible for fraudsters to try attacking the user in order to steel the asset. - @greatness96

The post discussed in detail blockchain security in the banking system as well as how cryptocurrency will decentralize the banking system fully.

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STEEMIT CRYPTO ACADEMY TASK 6: The Security Benefits of Applying Blockchain Withing any Industry, and the impact of cryptocurrency on the industry.| LECTURE BY gbenga || HOMEWORK DONE BY @churchangel

One of the most outstanding services of the blockchain is its transparency. In economic schemes and industries, this provides a remarkable line of responsibility, retaining every place of the enterprise accountable to work with honesty in the direction of the company’s advancement and its customers. - @churchangel

Diving deep into the industry in general, the blockchain has been doing really great and so many sectors have been looking into adopting it.

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The Security Benefits of Applying Blockchain Withing any Industry, and the impact of cryptocurrency on the industry.

With the blockchain, Security is key. The fact that your data isn't saved on a single server but rather on several nodes making it Decentralize and very difficult to be hacked and cannot be sold for personal gains is guaranteed. Instead of trusting a single entity for results which they have proven not to be able to meet up with. With contracts, the blockchain has made transacting between two or more parties easy and advertising will be decentralised. - @ben-edom

The advertising Industry is virtually centralized with company liek facebook stealing users data. The post was able to explain blockchain security when adopted in the marketing and advertising space.

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Final Note

I will like to appreciate everyone who has been a part of my class, it has been a wonderful experience with you all and I hope to see you participate in this week's task.

Task Write on a Decentralized Finance Ecosystem as well as a Project/Protocol in the Ecosystem.

The Rules

• Everyone is eligible to participate in this task.
• The Post should be a minimum of 300 words and should be submitted in the crypto-academy community for visibility.
• You should include the exclusive tag #gbenga-week7, #cryptoacademy, and a tag of your country (for example #nigeria).
• Post should be your original content. Show references for images used when writing your post.
• Task runs until Sunday, March 28th, 2021