Hello Professor @stream4u, thank you for this great and educative lecture. I am happy to see this well structured system and today in this post I will share with you my homework Season 3 beginners' course Task 3 - Bitcoin, Cryptocurrencies, Public chains. I arrive with my task number 3 of the beginners course, in which I will focus on answering question number 2. I hope the next one is a comfortable read for you and thanks to teacher @stream4u (71) for class.

Bitcoin as we know it, Bitcoin is often described as a decentralized programmed currency was first launched in January 2009 and officially launched on January 3rd. Bitcoin was the first cryptocurrency that was successfully able to solve problems with other attempts to introduce alternative solution money, it could be sent to users on the Bitcoin network without the need for a third party or intermediary.

Most of us already know what Bitcoin is, but how is it generated? This is done through bitcoin mining. It is not like the western fantasy of gold. Well that's not too far away. Basically bitcoin mining is basically a process of solving complex calculation problems, these problems are so complex that they cannot be solved by pen and paper but very fast calculators are needed and sometimes too much tax can be imposed on them.

When someone sends Bitcoin anywhere, it is known as Bitcoin transaction. Miners basically trade together in blocks and add a record called a block chain to maintain a record of the odes nodes so that they can be verified in the future. The bitcoin that is not being rep im has a risk that any user might put in the currency but send a copy at the time of the transaction.

Bitcoin was invented to have a decentralized way of financial transactions in the world. Bitcoin was invented so that people could make peer to transactions without any third party or central authority.

Satoshi Nakamoto, the founder of Bitcoin, came up with the idea of ​​removing intermediary banks from financial transactions and creating a peer to payment system without relying on intermediary confirmation and through which every transaction is performed using a blockchain network. At the moment now that our centralized finance system is controlled by the government, the government can order more money for printing at any time so the amount of money decreases further but with Bitcoin it has limited supply so the price question goes out of hand though the market is controlled by each It is quite volatile.

Of course yes, the best thing that has ever happened in the business world is the discovery of cryptocurrencies because it is. Here they are better off accepting it as their payment for a company, because firstly it is a great form of medium or long term investment, cryptocurrencies do not maintain stable prices. These can be high over time and are low again before you know it. Whether or not cryptocurrency is good for our business depends on the people involved and the business that pays for it. For example, most bitcoins charge low fees or some do not charge any fees during transactions. When banks charge more. Meanwhile, approving cryptocurrency as a payment will reduce transaction fees and save your business a huge amount of cash. The best thing is that cryptocurrencies are used to buy things from anywhere.

However, if we use cryptocurrencies, we are not under the control of any single central authority so anyone can decide in our favor. Having a virtual wallet with cryptocurrencies is beneficial in all these cases. Bitcoin cannot be stolen by force here, as traders get hit these days. Robbers often set a limit of one day. We need to keep in mind that cryptocurrencies like Bitcoin have no tariffs, no risk of being a third party.

This is the end of my Homework post for Task 3. Thank you so much Professor @stream4u for giving us this knowledge. I believe that all newcomers like me can achieve a lot by trying this post. Bitcoin is father of cryptocurrency. It determines the price of every other cryptocurrency on the market. Bitcoin was a pioneer that paved the way for the successful launch of other cryptocurrencies and the development of its blockchain so the benefits of keeping or using Bitcoin as a payment method and as a cash size cannot be overestimated. Bitcoin will still rise and is currently being added as a recovery or payment method around the world.

Precious metals like gold were the main source of reassurance to investors and it has been successful. However, Bitcoin became part of history after 2008. Now investors are replacing Bitcoin with precious metals due to rising prices. Not only that, but it helps you to invest in the long run and work from home in a more peaceful way using trading. There are still a lot of people in the world who have become millionaires for using cryptocurrencies and thanks to good investments in the stock market.

Again thank you for reading my homework. Thank you all very much, specially Professor @stream4u.