Crypto Academy Season 3 Beginners' course - Task 3: Bitcoin, Cryptocurrencies, Public chains.

What Is Cryptocurrency and How You Would Like To See Cryptocurrency In The Feature?

Cryptocurrency is a digital asset that is mostly found on Decentralized platform based Blockchains -- a database that stores information and is based on different computers.
Cryptocurrency isn't tangible currency or we can say cryptocurrencies cannot be put and felt in wallets.

Moreover, Cryptocurrencies do not drip from the central authority and are therefore immune from governmental intervention.
Cryptocurrencies and Blockchains tend to make the transactions hassle-free and without any 3rd party intervention. The role of banks is completely ousted and the transactions are easy.

Transaction System In Traditional Bank & Cryptocurrencies, Blockchains.

The traditional banking system squeezes you through perpetual scrutiny, charges a heavy fee and executes your transactions sluggishly.
However, Blockchain technology offers relief from the languid and costly transactions that banks put you through while executing transactions. In this system, you can execute transactions directly and quickly and the fee charged is also low compared to the traditional banking system.

Having said that Cryptocurrencies aren't tangible currencies: They depend on the internet and can be used, transferred or accessed via the internet from any device having an internet connection.

cryptocurrency is a peer-to-peer network where transactions are direct and encrypted end to end, there is no role of mediators like a bank or central server. Transactions are processed through different computers. Data can be decrypted by a Public and Private key. The public key is for the account address and the private key is pressed in to sign the transaction. There is no way to recover these keys. Once the keys are gone everything that you have in store is gone.

How would I like to See Crypto Currency in Future?

Cryptocurrency is all set to become a permanent alternative to the traditional fiat finance system. It is gaining prominence worldwide but there is a sword hanging on the heads of investors due to the mixed response from the govt.
In 2018 RBI banned digital currency but fortunately, the Supreme court overturned their decision but a lot of banks still refuse their services to crypto investors.

Before everything I would want to see cryptocurrencies completely legalised and regulated in India and across the world so it doesn't become like a black market commodity. Once the govt. legalises and regulates it there will be no safety concerns and investments would be made without fear of repercussion from the government.
This currency must become mainstream in coming years and for that, every country must strive to educate and train its citizens.