Steemit Crypto Academy Season 4 Beginners' course - Task 5: Bitcoin, Cryptocurrencies, Public chains.

Steemit Crypto Academy Season 4 Beginners' course - Task 5: Bitcoin, Cryptocurrencies, Public chains. By @jhulee

I truly admire Prof. @stream4u for the class that lectures a ton of things, I truly educated a great deal.

Questions

Beginners Courses Task-5

(1) What Is Cryptocurrency and How You Would Like To See Cryptocurrency In The Future?

OR

(2) What Is Bitcoin and what was the Aim Behind Bitcoin Invention? Is Cryptocurrency Good For A Business To accept As Payment? Why?

OR

(3) What Is Public Chain and What will be the Advantages and Disadvantages of Public Chain?

I will discuss 1

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WHAT IS CRYPTOCURRENCY?

Cryptocurrency is a digitalized token that ought to be found on telephones and PCs. All things considered, digital money has no notepaper or a coin with the exception of rather robotized digits found on our gadgets.

The fundamental computerized method of cash was made in the year 2009 by a colossal software engineer called Satoshi Nakatomo.

Getting a digital currency was to bring in decentralized cash that dodges the public position or the private districts yet rather to bring in cash that stands confined and can be used in any space of the world.

Digital currency is likewise a typical affiliation, and you should too to even consider getting a record.

Cryptocurrency works with the blockchain information based, which makes it basically difficult to be hacked.

Not at all like the neighborhood banks where we keep, set aside or move cash to anybody, during the time spent doing this stack of things the associates or teller goes presumably as an outsider that charges you more furthermore with the danger of been hacked.

Notwithstanding, for the advanced money you will send and get money with minimal expense charges and your money is saved from been taken since it's dealt with in a decentralized framework that is to say it is dealt with on different designs and ought to be gotten to by you. All you need is to get a contraption that advances toward a solid web alliance.

In other to access your digitalized money you will need a private key and a public key.

The public key assists you with login to your account when in need, whiles the private key helps in piece of the exchange. It is utilized in getting out and moving cash all through the account.

You conceivably get logged out from your account when you let go of your private key or public key and can never login again.

How about we take a gander at certain instances of digital forms of money:

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screenshots by me from binance

• BNB (BNB)
• Bitcoin (BTC)
• Etherium (ETR)
• Chiliz (CHZ)
• Filecoin (FIL)
• Cardano (ADA)
• Etc.

HOW WILL YOU LIKE TO SEE CRYPTOCURRENCIES IN THE FUTURE?

There was a period where no one knew what advanced money is besides as the world is before long extraordinary into the inventive world and since the time cryptocurrency was presented it had been the most spoken subject among the adolescent these days. Especially In my country Nigeria, old individuals trust Bitcoin to be other progressed sorts of money as shakedown, so I will get a kick out of the chance to see more individuals been told concerning how obliging cryptocurrency really is what's more an approach to manage saving time. I say this since I investigated digital currency in the year 2020 and never truly thought regarding how things work in the crypto world until I was brought into the steem world by a companion in 2021 and that was the place where I grew more pay in cutting edge cash.

The fundamental nation to have embraced cryptocurrency is El Salvador, and I've heard an enormous heap of positive news concerning how it assists them with purchasing stuff from the market without going to the bank to withdraw cash.
Not in any way like different nations where advanced money has been boycott. I will get a kick out of the chance to see it been supported in different spaces of the planet and I will comparably truly prefer to see every one of the boycotts been lifted for those pieces of the country. I see individuals utilizing Cryptocurrencies without the dread of been gotten.

Finally, undoubtedly had an encounter of not having the choice to login my account again considering the inadequacy of my public key. I will love to see more vital improvement and in addition a way for clients to have the decision to recover the keys on the off chance that they get absent.

IN CONCLUSION

Cryptocurrency is the world and I recognize with a little augmentation and determination ought to be done to it. It can shape the inescapable fate of reality where we can have a stable and money that is perceived all over the place.

SUBMITTED TO:- @stream4u

SUBMITTED BY:- @jhulee