Hello professor @stream4u ,first of all I will like to thank you for putting up this lovely lecture and today is my first time of taking part in steemit crypto academy and I hope to learn a lot about the cryptocurrency.

---

Source

---

(1) What Is Cryptocurrency and How You Would Like To See Cryptocurrency In The Future?

---

Cryptocurrency is a digital token which is found in internet but digital which you can see but you can’t touch it. Many investors consider Satoshi Nakamoto the first person to create cryptocurrency in the 09 January 2009.

That was the year the first cryptocurrency was invested.

And his main aim of creating cryptocurrency was to help the world in the near future have complete freedom over their funds has nothing to do with the state or the financial authorities sector. It has been created with the aim of standing on its own forever and with the help of the ideas Satoshi bought it has helped the world and made transactions easier and faster for the world .

Cryptocurrencies are found digitally or virtually and all you just need it to be seated near a computer or phone which has a good network and you can create an account and it doesn’t take a person time to create an account or own an account. So I edge each and everyone to try his or her possible to create an account on a cryptocurrency blockchain or exchange as it will help you to have control of your funds.

Cryptocurrency works with blockchain technology is and is a type of network that stores information which makes it impossible for anyone in this world to have asses to it.

It is different from the banks in the sense that if you are going to send money or save huge sum of money the bank manager or the teller acts as the third party that charges you more with a higher fees.

Funds can also be compromised or hacked at anytime but with the help of cryptocurrency it has make sending and receiving money easier. Problems with hacking of accounts and compromising of funds has been solved because it is safer to trade with crypto while securing block chains with cryptography.

Less fees or no fees are charged as compared to the banks. In banks when you are going to send money to your loved one in Europe it will take days before he/ she receive the funds but in cryptocurrency it doesn’t take time for you loved one to receive your money and it doesn’t have security problems.

In order to have access to your funds or money you need to have access to two keys which help you to always have access to your wallet which is the public key used for the account address and the private keys used to sign the transaction.

The keys are used to secure your wallet where the public key acts like a bank account number which identifies your account and the private key acts like your bank account password known to you alone to validate transactions.

The following are some examples of cryptocurrencies.

Bitcoin(BTC)
Ethereum(ETH)
Dogecoin
Shiba Inu
Solana

---

---

How will you like to see cryptocurrencies in the future?

---

When cryptocurrency was first created many people didn’t believe but as time kept on going many people are now developing interest in crypto and some people are now using as their source of income.

Cryptocurrency has really help the world because it has help to create a lot of job opportunities. Cryptocurrencies like steemit has aided in making money look simple. When I was introduced to steem I didn’t believe but with time and more research, I now believe and have developed more interest in cryptocurrencies.

I have developed interest into cryptocurrency and I now know that it has plenty of use and it turn the world and in the near future when people gets to know the importance of cryptocurrency they will stop spending our local currency and start using crypto assets for trading. I edge everyone to develop interest in crypto.

The following are some of the reasons the world is fighting again for cryptocurrencies.

In Ghana for instance, once you are into cryptocurrency they will be calling you “sakawa” boy and it’s because they know it and once they get to know what I am doing they will stop calling me man and when you are try all your effort’s to explain to them they will be saying you telling lies and I think is high time we educate the world about cryptocurrency.

Countries are trying so hard to ban cryptocurrency and the reason is that many people are getting used to it while others are using it to scam because of its non regulations. I think there will come a time that we will stop spending our local currencies and start using cryptocurrency for our trading activities.

And cryptocurrencies have fed more people and created more jobs for people and so I think if nothing bad happens to cryptocurrency, poverty would be reduced in the world.

One negative cryptocurrency block chains is that when you lose your password, you will most likely not have access to your funds again. Measure should be put in place where you can recover your password when you lose it.

Conclusion

---

Cryptocurrency will help develop the world and create more job in the near future and I think if care is really taken it make transactions easier and faster so that everyone in the world can be able to adapt to cryptocurrency.