![IMG-20211110-WA0006.jpg](https://cdn.steemitimages.com/DQmXW3wx34N261s9azCy3EHCJGuEVizJnJwxhDV7izXq2Xi/IMG-20211110-WA0006.jpg) # Homework taks:3 **a) What is a Cryptocurrency? b) What is Cryptography and how does it make cryptocurrencies secure? c) Explore the Steem Genesis Block and Sign in as proof of completion.** # Question 1
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Cryptocurrency

* Crptocurrency a world wide which is a unique type of currency in this evolutionary world the means to transact the digital fileing of money and termed as digital money, this is a virtual currency that deals with the functions and algorithms of cryptographic blockchain nodes. The transaction are secured and eliminates the tri party integration the user need a signatures (private keys) which is the means of transaction would be safe and secured by the other people are aware of the blocks of transaction from real history. Howbiet cryptocurrency is believed to be biggest evolutionary might becoming an acceptable currency in trend and also leave behind the banking system far as emails did. The encryption which is deemed to be asymmetric secured process safe transaction eaisly thus users are free from all verification or other immaterial banking systems hence by using private keys all transactions are secured by hashes or other security reliabilities. As per the enterprise of this digital currency based on decentralization thus reduced the engagement of banking sectors thus this everlasting technology had changed the mindset of people completely where buyers and sellers can easily trade assets in a decentralized mode although elimination of third party make easier for trader to emerged easily with more secured procedures and increases efficiency and reduced complexity by making it scalable for everyone. ![image.png](https://cdn.steemitimages.com/DQmewxz1nqAkRBBocFC4At1kN1CNG5sAyRSPRWojUnotoRB/image.png) [Link](https://www.google.com/search?q=cryptocurrency+market+cap&client=ms-android-xiaomi-rvo3&hl=en&tbm=isch&prmd=nbixv&sxsrf=AOaemvIi-51t4XZgDS6MRJ8sqGTpXBRADg:1636568085858&source=lnms&sa=X&ved=0ahUKEwiTxaGbs470AhWOTcAKHYcUBMIQ_AUIFygD&biw=393&bih=720&dpr=2.75) ## Means with Bitcoin: Everyone understand and might aware of crypto just because of bitcoin which can also be termed as the heart of cryptocurrency. All the markets and sentiments are based upon this coin. Although cryptocurrency is associated with financial transactions encryption and cryptographic functions but bitcoin is just a digital currency so always highlight them separately. A anonymous enthusiastic person of digital market known as **Satoshi Nakamoto** worked for cryptocurrency and further introduce btc as a first digital currency it was noted that btc first trading was around 0.0008$ to 0.08$ til july 2010 and become the most trading coin yet. ![IMG_20211110_231936.jpg](https://cdn.steemitimages.com/DQmPvzK55JFrmK33JW6g6qhHZqmdTFMDCLD9Ydzo8y75DFr/IMG_20211110_231936.jpg) Yet there are many crptocurrency are there but among them btc is heart of all and rated coin in list. The screen shot of market cap show you the worth of btc above. Howbiet countries are accepting btc in sanation way and might would be the upcoming evolution for digital market becuase of the price if btc are higher and high. ![image.png](https://cdn.steemitimages.com/DQmcrNPgw8QTURGshbh5KzxjnWbE5Azp82pmbM5fHeQFeCw/image.png) ## *

Cryptography and means of secures

* The cryptographic formation is a scientific management that leads the cryptocurrency in organized manner by protecting the means of transaction. Thus the functionality is so unique that Elimination of tri party is so obscure that all relevant transaction are surrounds with buyer and seller in encryption amd decryption way. Though proctecting the information of transaction is first priority of Cryptography. The process runs by encoding the encrypted message with character and decodes by decryption message this what simple is that but some minimal blocks of strategic apex are also deemed in that which you can see below in picture. ![image.png](https://cdn.steemitimages.com/DQmXQ3PyPAfgugJ9Coy5BM5tjvWigLYL6YTvr7gbUw3j3C9/image.png) [Link](https://www.google.com/search?q=cryptography&client=ms-android-xiaomi-rvo3&hl=en&biw=393&bih=515&sxsrf=AOaemvLQ3-WJdz-sAFApSQ0EoYZFQDBcYg%3A1636568647517&ei=Rw6MYZTYHtKRsAf2trjoAg&oq=cryptograp&gs_lcp=ChNtb2JpbGUtZ3dzLXdpei1zZXJwEAEYADIICAAQgAQQsQMyBQgAEIAEMgoIABCABBCHAhAUMgoIABCABBCHAhAUMgUIABCABDIFCAAQgAQyBQgAEIAEMgUIABCABDoECAAQRzoHCCMQ6gIQJzoECCMQJzoECAAQQzoQCC4QsQMQgwEQxwEQ0QMQQzoKCC4QxwEQ0QMQQzoKCAAQsQMQgwEQQzoHCAAQsQMQQ1DGCli0HmCINWgAcAF4AYAB8AOIAdcZkgEHMi05LjEuMpgBAKABAbABD8gBCMABAQ&sclient=mobile-gws-wiz-serp#imgrc=8_jGyL9ks2g4PM) In simple means you can also understand it by its a process or function which can hide the nodes of transaction between buyer and seller by the secured algorithms. ### Means of security: Might you guys unlocked the term of Cryptography yet now the process can easily justify the terminology of Cryptography by complete process. Hence Cryptography is deemed with methodology of converting the usual text into hidden text thus the data is transferred aggrieved party can easily decodes the message yet tri parties are eliminated and are unable to read the decrypted message. The person who send the text is encrypted party and by using public key the message transferred to aggrieved party which they decrypted the message by using private key now you can analyse that the process and agreement is assured by two parties only and secured from all others. **Overview of public and private key** simple is that when you encrypted the message use if public key is involved while accepting the coins or transaction use of private key is attempt by receiver which decrypted the message or transaction. Although cryptocurrency is risky because your are the financial advisor institution and risk bearer though all the process based upon your private keys if your lost them this mishandling might be nightmare for you and thats why people lost their funds, so safety of your keys is first priority in Crypto. This what Cryptography deals to make your funds secures. ![image.png](https://cdn.steemitimages.com/DQmcrNPgw8QTURGshbh5KzxjnWbE5Azp82pmbM5fHeQFeCw/image.png) ## *

Steem Genesis Block and Sign in as proof of completion.

* ✓ Lets explore it by clicking this [link](https://steemworld.org/) ![IMG_20211111_000001.jpg](https://cdn.steemitimages.com/DQmd41E94eCr3Go8wgaHQU76j4469CaQZ9W7ZZspcfEzi5P/IMG_20211111_000001.jpg) ✓ Now lets explore it by signing in by using using your username and private posting key. ![IMG_20211111_000255.jpg](https://cdn.steemitimages.com/DQmVJg7oiCoc6Pi5mxPkz4hcUNZtsbVdavjyqFx6JLQddju/IMG_20211111_000255.jpg) ✓ Select the browser explorer which enlightened. ![IMG_20211111_000626.jpg](https://cdn.steemitimages.com/DQmdhFfdhtrru1xmmotC1wzCLMpiev9dA2eo5SmBFWQsgPm/IMG_20211111_000626.jpg) ✓ The search bar is appeared write your means of block which you wants. ![IMG_20211111_000223.jpg](https://cdn.steemitimages.com/DQmVQr385tRLMVPgpWJhqcsbtF6PicVLGkpgje9WrjUbyDu/IMG_20211111_000223.jpg) ✓ Steem block information appears you can see the block nodes and information. ![IMG_20211111_000150.jpg](https://cdn.steemitimages.com/DQmcXqkE5ZiqaopeKdtUGFyaLkX6Wit7fJQf2psuLbcEvRo/IMG_20211111_000150.jpg) ✓ The block detail transaction and virtual operations are also available. ![IMG_20211111_000037.jpg](https://cdn.steemitimages.com/DQmfG8DTYEB3DZwBikBptGW7cWxwV7SkQsT4HJXSiy5oxBL/IMG_20211111_000037.jpg) ![image.png](https://cdn.steemitimages.com/DQmcrNPgw8QTURGshbh5KzxjnWbE5Azp82pmbM5fHeQFeCw/image.png) ## *

Conclusion

* The topic compliance with overall basic terminology which the Cryptography i liked the most and had a great review of previous course that i started when am a beginner. Whilst the crptocurrency is taking the the grounds of all markets. Hence everyone should build strong alliances with this digital currency. Although most of the countries are inspired and accepting this currency becuase if its scalability reliability towards users and they made high nodes of satisfaction in traders mind. The world is moving towards evolution continuously and these digitalised currency are capturing the market day by day although researchers and developer are far beyond our minds. Thus at least we should gain enough knowledge of crypto when all over the market became digital hub, so at that time our bases won't distract ![image.png](https://cdn.steemitimages.com/DQmcrNPgw8QTURGshbh5KzxjnWbE5Azp82pmbM5fHeQFeCw/image.png)