![Screenshot_20211107-110416_Files-02.jpeg](https://cdn.steemitimages.com/DQmRPDuv7VgeCRSvtUzAX7wbdHfFnkPJnsZxPNhzzxmDreE/Screenshot_20211107-110416_Files-02.jpeg)

This post answer the question to the homework task for the steemit's Crypto academy fixed beginner's course task 5 by professor @stream4u, with the question; > What Is Cryptocurrency and How You Would Like To See Cryptocurrency In The Future? https://steemitimages.com/720x0/https://cdn.steemitimages.com/DQmbQ8G7W6tb91cVwgvwiNgMnpzh7QY9cqvxbtpu2dXXW6V/Screenshot_20211101-061227_Chrome-01.jpeg # What Is Cryptocurrency

![images (5) (21).jpeg](https://cdn.steemitimages.com/DQmY5hFYcNDC2R4U6hX7gf2MxdmYbkivJWQsskB3xN4eFrQ/images%20(5)%20(21).jpeg) _{[source](https://www.moneycontrol.com/news/business/cryptocurrency/top-cryptocurrency-news-on-november-1-major-stories-on-bitcoin-crypto-assets-and-advertisements-7656321.html/amp)}

Cryptocurrency is a form of electronic money can be accessed only digitally which can be use for payment of services or been used for fulfillment of transaction. This currency work for the same purpose a bank issued currency works for just that it don not have a physical appearance that we can hold in hand. The word Crypto is coined from a Greek word kryptós which means hidden, Cryptocurrecy has some attribute which supports its name. Cryptocurrency are built on a decentralized system which is made effective by the use of modern day technology that stores transaction history and record them just like a legar. This recorder is known as blockchain. A blockchain is been managed by group of member of the blockchain that server as the management of the blockchain which makes it a decentralized system. A blockchain do not only record transaction but also give security to the Cryptocurrency by the use of cryptograhy algorithm which help to hidden the identity of the users involved in transaction. The blockchain from its name record transaction data as a block which cannot be manipulated or change and are linked to one another as transaction continue to build up , hereby making a chains of block. The cryptograh offer security to the system by the use of public and private key which encrypt as a form of Asymmetric cryptograhy using the public key to send asset to another user and the user uses the private key to access his own asset. For these reason, the private key holder is the own of any asset within the wallet. https://steemitimages.com/720x0/https://cdn.steemitimages.com/DQmbQ8G7W6tb91cVwgvwiNgMnpzh7QY9cqvxbtpu2dXXW6V/Screenshot_20211101-061227_Chrome-01.jpeg

![home_trustwallet_app.png](https://cdn.steemitimages.com/DQmRsoV7V8Ugq2ohaj4cqV24XxrirKAkj6z5Ef4Riw3jL3w/home_trustwallet_app.png) _{[source](https://trustwallet.com/)}

A wallet is a storage for cryptocurrency, and it stores the public and private key believed to be used to click ownership of an asset. Wallet made them available for transactional purposes and they allow execution of smart contract. Most wallet uses a more simple Security options that are unencrypted word known as seed phrase. These seed phase serves as the private key which are used to access the wallet. Cryptocurrency services are like an intermediary just like the local banks to the Crypto user. They help to complete transaction eliminating any involvement of a third person interference and these reduces the cost of transaction with a faster time of completion of the transaction. All through all this, it do not reveal the identity of those involved in the transaction as they use the public key as a form of identification. https://steemitimages.com/720x0/https://cdn.steemitimages.com/DQmbQ8G7W6tb91cVwgvwiNgMnpzh7QY9cqvxbtpu2dXXW6V/Screenshot_20211101-061227_Chrome-01.jpeg Cryptocurrency made known to the world in 2008 when bitcoin was introduced by Satoshi Nakamoto which identity is unknown uptil date and bitcoin became available for use on it's own peer to peer blockchain in 2009. After bitcoin many other Cryptocurrency has been made with some of them having to create their own blockchain for cheaper and faster transaction which may suit their choice of use. ###

Example of Cryptocurrency

Cryptocurrency|price (USD) ---------|--------------- Bitcoin|$65,330 Ethereum |$4,727 Binance coin|$639 Solana |$248 Tether|$1.00 Cardona|$2.04 XRP|$1.27 Polkadot|$52.89 Dogecoin|$0.272 USD Coin|$1.00 _{The price from [coinmarketcap](https://coinmarketcap.com/) as of 8th of November 2021} https://steemitimages.com/720x0/https://cdn.steemitimages.com/DQmbQ8G7W6tb91cVwgvwiNgMnpzh7QY9cqvxbtpu2dXXW6V/Screenshot_20211101-061227_Chrome-01.jpeg # How You Would Like To See Cryptocurrency In The Future? In a more later date, Cryptocurrency would has evolved alots of thing into the various systems of the world. When Cryptocurrency was first created in 2009 about 12 years ago, I'm sure the creator will not believe it will work out has much has it has. The future might be now or the future might be near but I would love to see Cryptocurrency: * Been accepted by the world, allowing everybody on earth to use the same currency that has the same value. I believe these will help to sort out the issue of importation and exportation problem that arises from the difference in money or currcu spend in different countries of the world. * Be of more advantages in term of work or job opportunity. Right now Cryptocurrency has been a job space for many people and I which Cryptocurrency continue to grow and will continue to create more job in different areas of its existence to user. * Been completely rocked into our financial system and accepted by the government of each country to help the financial sector go into decentralized system which will eliminate fraud and corruption in governmental agencies. * Been able to recover private key is also a future to hold onto in Cryptocurrency. The fact that when the private key is lost there nothing to do about it is a great issue that need a solution and I hope this solution do not depletile the confidentiality offered by Cryptocurrency

![images (5) (20).jpeg](https://cdn.steemitimages.com/DQmaBbgDphgBi8ZvUJ5WZVQA7PQ5ESMJ1y31U5eH5gzUgV3/images%20(5)%20(20).jpeg) _{[source](https://en.wikipedia.org/wiki/Bitcoin_ATM)}

* Been able to make transaction at any point in time by making ATM machine available at any local or a point of sale machine that allow the instantaneous use of Cryptocurrency with a need to worry about access only on our device. https://steemitimages.com/720x0/https://cdn.steemitimages.com/DQmbQ8G7W6tb91cVwgvwiNgMnpzh7QY9cqvxbtpu2dXXW6V/Screenshot_20211101-061227_Chrome-01.jpeg # Conclusion Evolution in human history has alway been in a forward advancement, bringing forth thing that will pay the human community. Mode of trasaction and form of payment of these transactions are never left behind. From trade by barter, to the use of silver and gold before coins and then the use of printed money. But now the modern day technology has brought the digital currency to our doorstep for use to use has the currency of the future. The future is now as some country has begin to embrace this future by allowing Cryptocurrency to be legally acceptable in their country just like the local money from their bank. In a world where every body accept this new way, the livelyhood will be much more easiler cause of all the benefits Cryptocurrency holds over the local banks.