Hello crypto lovers, happy to part take in the beginners course season 4 task 5: this is my homework task post for professor @stream4u Lecture On Bit coin cryptocurrencies, public chain. I will be attempting question one asked below.

First thing that come to mind when I am ask what cryptocurrency means is;

Cryptocurrency can be define as a digital / virtual currency that work on Blockchain technology. It is design to work as a medium to exchange online, to buy goods and services and make payment

Cryptocurrency is an instrument of exchange,store of value,and unit of account.
We can also say that Cryptocurrency is a form of payment that is exchanged with goods and services in different party of the country.

Cryptocurrency is popular today for a lot of different reasons mainly because it is a decentralize network that work on a peer to peer system. This means that there is no moderators or third party involvement.

Cryptocurrencies are know to grow exponentially in value over the recent years.accordly to website www.coinmarketcap.com, there are over 6,700 publicly traded cryptocurrencies in the world the most popular ones are:

• Bitcoin
• Ethereum
• ripple dash and
• Litecoin.

Cryptocurrency is an investment alternative to people who have high tolerance for risk. Many people invest in cryptocurrency mainly because it's fluctuate a lot. You need not to be rich before you can invest in cryptocurrency.

Reason why people invest in cryptocurrency mainly because since it's fluctuate so much, they believe that they can actually buy and sell it high in the future and make good profit.

Cryptocurrency is use as a high risk investment and it can fluctuate more than most other investment.

Cryptocurrency are a bit not stable because of its increase and decrease but cryptocurrency are still beneficial when it comes to exchange of goods and services online and offline. Benefit of cryptocurrency include the following:

1. Cryptocurrency is a easy transaction system

here you are dealing directly with the person you're conducting your transaction with one - on - one on a peer to peer network structure that make for a smoother transaction and more accountable interaction between both parties.

1. Fast and immediate transactions

cryptocurrency transactions are incredibly quick and in many cases instantaneous. because cryptocurrency is a decentralized system there is no third party approval for transactions to be render successfully.

1. cryptocurrency is more confidencial

while credit cards operate on a code system, for instants when you perform transactions, your transactions are recorded on your transactions history by your financial institute or bank thereby making your bank information become available to certain third parties making you prone to theft.
But, cryptocurrency operate on a push system this means that when a cryptocurrency holder is making a payment or doing transfer,you only push out relevant information to that transaction no other information set out. Cryptocurrency operate on a more security system

1. crypto currency lower transactions fees and eliminate bank charges

Business dealer like middle men i.e banks and agents,typically charge vary fees when you conduct transaction electronically or when you buy and sell things online but cryptocurrency transactions are one-on-one dealing that occur on a peer-to-peer network structure this means that middle men is taking out of the equation so that you can know who exactly you're conduction a one-on-one transactions with and also it means that transaction fees are ether greatly reduced or completely eliminated.

1. crypto currency is accessible to everyone

Anyone with a mobile smart phone,computer and internet can send or receive money or cryptocurrency and this is beneficially especially to the unbanked members of the societyl.

1. cryptocurrency lower transactions fees for international payment

International purchase usually attract certains fees and charges but since cryptocurrency transactions have no intermediary institute or government to pass through the cost of transactions between a user in one country and a user in other country are kept very low and this is beneficial especially to frequent international travelers because they don't need to travel with lots of physical cash neither do you need to worry about high fees charges when you are converting some of your cryptocurrency at your location or destination.

currency is the most commonly known use of crypto coins you can use digital currency to buy products or our purchase goods and services.

platform tokens have a lot of values and power tokens. What really institute a platform token is that, platform tokens have the ability to enable applications by eliminating intermidary third parties. So, a platform tokens is a platform that essentially enables the issuesnce of the platforms of digital assets like tokens are on the Blockchain that powered the platform it's self.

In addition, platform tokens are very powerful they are poised to disrupt the modern internet. [Example Ethereum]

stable coins are a type of assets backed by a reserve either by a Fiat currency , a cryptocurrency or a commodity.
Tether used coin and die are all asset backed by the USD.

(POS) is a mechanism that regulate transactions between users ensuring that they are verifIed and added to a public ledger.

These tokens constitute an investment where the main use case and the reason for contributors to buy the tokens is the anicipation of future profit

• Nfts(non fungible tokens): this are digital assets with unique data that is secured and backed by Blockchain technology .
  Nfts are verifiable and can not be duplicated and have seen significant success recently for their ability to ensure copyright is respected.

Algorithms and flow tesos support (nfts), the video streamers network,and theta network make use of (nfts)

this is like an umbrella term of application that use public Blockchain and crypto assets to disrupt tradionaly finance sector.

In addition, Cryptocurrency that uses defy application are; (a) unison a decentralized exchange for trading ethereums based tokens.
(b)chain link a decentralized oracles network
(c) ave a decentralized lending platform

Utility tokens are programmable Blockchain assets that have utility in a particular platform. Assets on a Blockchain that has some of utility or functions that can capture as value on the Blockchain.

I would love to see cryptocurrency generally accepted As a means of buying and selling of goods and services in all over the world.

We have a global economy so we are going to need a global currency

Also, cryptocurrency should be a great democratizing force for the world

I would love cryptocurrency in the future to level the playing field and allow everybody with a cell phone, computer and internet to access financial services

It's should be a global currency that we all can invest and responsible in or for.

Cryptocurrency in the future should spread globally, people should be oriented about cryptocurrency also awareness about cryptocurrency should be created.
In a world where technology is fully adapted it's won't matter what country you are born in, what matters is that you have a mobile phone and internet connections and you have skills and knowledge to learn and you can contribute to the global economy. You can benefit from the world and the world can benefit from you.

We use money everyday,but we rarely appreciate the power and it's flaws which is a tools that has been at the center of human progress and as we build bigger and tackle complex problems we are going to need the best tools available "cryptocurrency"