![image.png](https://cdn.steemitimages.com/DQmQFpCtDBWriCs231SfGtiXtSmAM8Ky7iMLnjasEDBQ6zp/image.png) edited from this soure Hi each one, I recognize you all. I will jump at the chance to thank and properly professor @stream4u for this extraordinary example about Bitcoin, cryptocurrency, and public chains. Thanks again, I went through your post, read, and comprehended the ideas you suspected. I will finish my task for this undertaking, for which I will be responding to address number one, which requests as follows:

What is cryptocurrency?

How would you like to see cryptocurrencies in the future?

Now firstly I will start by talking about what cryptocurrency is .
* Cryptocurrency is an assortment of parallel information which is intended to function as a mechanism of trade wherein individual coin proprietorship records are put away in a record which is an automated data set utilizing solid cryptography to get exchange records, control the formation of extra coins, and confirm the exchange of coin ownership. * Some crypto plans use validators to keep up with digital money. In a proof-of-stake model, proprietors set up their tokens as security. Consequently, they get authority over the token in relation to the sum they stake. By and large, these symbolic stakers get extra possession of the token over the long run through network expenses, recently stamped tokens, or other such prize mechanisms. Cryptocurrency doesn't exist in its actual structure (like paper cash) and is regularly not given by a focal power. This payment system is used by businesses and individuals that prefer to conduct business over the Internet and are unwilling to provide "Visas" or "banking data. "https://zycrypto.com/wp-content/uploads/2021/05/Once-Anti-Crypto-Bank-Wells-Fargo-Planning-To-Onboard-Bitcoin-For-Its-Wealthy-Clients.jpg source Cryptocurrencies rely on cryptographic procedures that use computerized marks, which is why they're called digital currencies in the first place. Despite the numerous advantages of digital forms of money, such as the ability to move assets over long distances without the use of intermediaries, digital currencies also have disadvantages. The relative anonymity of digital currency may provide an exceptional opportunity for criminal dealings and tax evasion.In any event, there is a deficit. ![image.png](https://cdn.steemitimages.com/DQmVGg7qdFiMQFY3kMoAvaDp5e3S31PnwwU62M48XYmbXkZ/image.png) source * Cryptographic forms of money regularly utilize decentralized control rather than a national bank's computerized cash. When a digital currency is stamped or made before issuance or given by a solitary guarantor, it is, for the most part, thought to be incorporated. Every digital currency works with distributed record innovation, frequently a blockchain, which acts as a public monetary exchange data set when executed with decentralized control. * Bitcoin, first delivered as open-source programming in 2009, is the first decentralized cryptocurrency. officializedSince the arrival of bitcoin, numerous other digital currencies have been made. https://www.capital.fr/imgre/fit/http.3A.2F.2Fprd2-bone-image.2Es3-website-eu-west-1.2Eamazonaws.2Ecom.2Fcap.2F2018.2F03.2F29.2F04d78b62-49da-4082-b3b1-7c07be6a8448.2Ejpeg/790x395/background-color/ffffff/quality/70/bitcoin-cest-quoi-comment-ca-marche-1280368.jpg source * While the value of fiat monetary forms is supported by the trustworthiness of governments and banks, the value of digital currencies has no such foundation. When all else is equal, the value of cryptographic forms of money is derived solely from the idea that others will value and utilize them as well. * Furthermore, digital forms of money are regarded as "pseud-unknown" because consumers who own these monetary standards are identified by their virtual cash tendencies, which cannot be linked to the current reality character. However, digital money frameworks limit the number of monetary standards that can be issued in the future. * There are many different types of cryptocurrencies available today, with #Steemit being one of them, and The many distinctive cryptographic forms of money available for use today, each made for various reasons and running on various blockchains. Bitcoin is the very first digital money. The following are kinds of cryptos. Bitcoin, as referenced prior, is the very first digital currency as mentioned above. The name of the coin is the same as the name of the blockchain. Altcoins are alternative coins."Altcoins," for short, alludes to any remaining coins separated from Bitcoin. They are options in contrast to Bitcoin. There are more than 10,000 altcoins accessible today. Etherium is also an altcoin. Stablecoins: this class alludes to every one of the coins that are intended to limit instability and, furthermore, to amplify the utility of digital currencies. They're fixed with fiat cash like the US Dollars (USD). Instances of stablecoins are the US Dollar Token (USDT), and Binance US Dollars (BUSD), and Steem Dollars (SBD). As the name suggests, the worth of stablecoins doesn't change because of market unpredictability. Their qualities are steady concerning the value of US dollars. * Their prices vary, as can be seen on the #coinmarketcap.com site, which lists all of the different types of cryptocurrencies available, ranked from highest to lowest. below is the screenshot of the first ten in the coinmarketcap for today the sixth of October 2021 ![image.png](https://cdn.steemitimages.com/DQmdp5aHJiazPgwV6QCbsGxdBH6umFfRqXwc7kTKhSYdtvY/image.png) Any person using cryptocurrencies will boost of the following characteristics and avantages over physical cash which are as follows : * In contrast to the conventional installments frameworks or doors like Visa, PayPal, or Mastercard, blockchains are exceptionally adaptable – preparing great many exchanges each seconds. STEEM Blockchain is positioned first above Bitcoin and Etherium in quite a while of adaptability. As far as adaptability, Steem blockchain is better compared to both Bitcoin and Etherium networks as displayed on the screen shot above. Blockchain tackled this issue with its decentralization highlight. * Exchanges can be completed consistently without the intercession of Middlemen or outsiders. You can purchase, sell and do as such numerous things with digital forms of money. The last Bitcoin is assessed to be mined in the year 2140. However altcoins have to some degree limitless inventory of coins, the restricted measure of Bitcoin to be mined is the thing that gives it power over the altcoins on account of it's innate calculation that controls expansion by delivering only a decent measure of coins. * Once, exchanges are executed or handled on the blockchain, it's not possible for anyone to changed the information once more. When the framework approves the exchange, the arrangement is finished. * Also in recent happenings this year 2021 when Elon musk withdrew from bitcoin i thought from my own primary knowledge the end of cryptocurrencies is near and especially when China mentioned that crypto transactions are illegal in china i was to me like the end of crypto but that wasn't even though price of bitcoin dropped drastically but it has been growing back so form these I can analyze that cryptocurrencies is not controlled by a single man or lets say an authority

secondly How i will like to see cryptocurrencies in the future?

* I consider digital currency to be the eventual fate of money. As we definitely know, digital currency is the principal option in contrast to fiat cash or cash. Indeed, even individuals who are into cryptographic money business very few use cryptos in day by day exchanges like purchasing of food, web based shopping, paying for administrations, and so forth I might want to see digital forms of money shift from a venture stage to utility stage where individuals can utilize cryptos in ordinary everyday exchanges. I might likewise want to see digital money Debit Card later on. * Digital currency ATM is as of now working in different areas of the planet yet I might want to see an inescapable utilization of cryptographic money ATMs later on. High energy utilization has been one of the focuses that continually comes up from pundits of digital money. Governments have been profoundly reproachful of digital money. I might want to see a turnaround in such manner whereby governments will lift the restriction on cryptographic money and make it a lawful delicate actually like the nation of El Salvador.

On the other hand, crytocoins have some disadvantages as seen below:

High inclination to enormous misfortunes Anyone using cryptocurrency must be literate, which contrasts with or is seen in African societies where there are still old and young people who are unable to read and write, raising concerns about how they will handle this currency on a daily basis if they are unable to read or write. Exceptionally volatile – market swings Cryptocurrencies are made up of fluctuations in prices on a daily basis. High energy demands also make it difficult for cryptocurrencies to exist in areas with no or low energy levels, which are mostly in very poor countries.

conclusion

cryptocurrencies are the future of finance just look me as an example i used mold blocks to earn money for my keep up while in school but i have been earning steem coins from #steemit all thanks to cryptocurrencies i now live a good life.Also cryptocurrencies provide equal investments opportunities to every one no matters the background or any other thing just a matter of efforts. thanks to @stream4u @reminiscence01 @yousafharoonkhan @wahyunahrul

What is cryptocurrency?

How would you like to see cryptocurrencies in the future?

Now firstly I will start by talking about what cryptocurrency is .

secondly How i will like to see cryptocurrencies in the future?

On the other hand, crytocoins have some disadvantages as seen below:

conclusion

@wiltord