S4B CRYPTO CONTEST

in Steem4Bloggers2 years ago
HOW ARE YOU DOING GREAT STEEMIANS?

It's An AWESOME day you know! A Very Good Morning To You All! How you all doing? Hope you are having an amazing day? evening to you all awesome steemians. How is your day going? Hope you're all having your best day ever? And hope we're crushing it here in Steemit? 😉

You're🫵 highly welcome to my blog once again, where, as always, I do what I love and do well and best; feed and share my knowledge with you guys.


I am making it as an engagement post for the great steemians in the amazing STEEM4BLOGGERS community on the theme;

CRYPTOCURRENCY


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CRYPTOCURRENCY! This digital currency or should I say digital goldmine. The opportunities and advantages it has bestowed on our economy is, I would say over the bar, but still there are still areas of the economy it hasn't touched or it's about to touch yet! Well we hope it tackles those areas in the coming future!

Join me as we just scratch a tip of this digital goldmine!


WHAT DO I KNOW ABOUT GREEN CRYPTOCURRENCIES?


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According to what I know and I've heard about Green cryptocurrencies were developed for the of environmental sustainability. Green cryptocurrencies are built with the health of the environment in mind using a combination of methods and processes to become carbon neutral and environmentally friendly.

Cryptocurrency systems are always very harmful to the society due to the power they consume. For this reason new systems are being developed to reduce the effect on our society through using renewable energies to power crypto projects.


WHAT ROLE COULD CRYPTO PLAY IN COMBATING INFLATION?!


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Inflation is unavoidable in our economy but cryptocurrency can be a very powerful weapon to be used to fight it through;

-Availability of stable coins; stable coins help in securing ones assets.

-Trading in stable coins.

-Investing and buying assets in crypto.


WHAT CHALLENGES MUST CRYPTO OVERCOME FOR WIDESPREAD ADOPTION?!

There are lots of these challenges, a lot but here are just a few of the main ones;

  • Understand cryptocurrency; a lot of people till date do not understand how cryptocurrency works, not to even talk of taking any form of transaction there in.

  • Complexity; like I said earlier the complexity of the Blockchain technology makes it a barrier for many businesses to adopt nor maintain.

  • Energy consumption; we tipped a little on this, cryptocurrency systems consumes a lot of power making a big challenge some to adopt.


Alright steemians! there you have it once again. And it'll be my most delightful PLEASURE to know you enjoyed your read by sharing your opinion in the comment section. And you can also take part in the contest as well.


PLEASE DON'T FORGET THAT!

If you liked this story, do ensure to tap this link @lordmarvel.m135 and follow me for more interesting stories that, who knows, might blow your mind.


BEFORE I LEAVE

I'd love to invite my friends on Steemit; @raddleking, @oblessgod, and @edidiong to also come share their stories here.


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