Crypto Academy Season 3 Beginners' course - Homework Post for Task 3: Bitcoin, Cryptocurrencies, Public chains. || by @lesandra
It is important that to begin withinside the world of cryptocurrencies we realize a bit of basic concepts, without a doubt realize what a Cryptocurrency is, what its creation objective is, and the way it's far managed is of great importance, this is why I present the following improvement of my research work on Cryptocurrencies. Cryptocurrencies, also called cryptocurrencies, are nothing more than digital currency or digital cash that do not physically exist like traditional cash, in view that they can only be handled online. These have been created under a decentralized platform in which all of us can perform transactions directly over the net with out the need for intermediaries, a cryptocurrency can be transferred to someone at the internet with out a 3rd party, or with out the want for authorization from a bank. Cryptocurrencies aren't like having traditional cash which we will maintain in a wallet, they may be in digital form included in a wallet type that we will deal with through a pc or smartphone, this procedure calls for a public and a private key to perform operations, but if we lose these keys we are able to lose the whole thing we've got in our wallet due to the fact there's no way to get better it. After this first cryptocurrency to at the present time, countless cryptocurrencies have regarded amongst them, Binance Coin, XRP, Cardano, Tether, Polkador, Uniswap, Chainlink or Bitcoin Cash, Ethereum and Ethereum 2. According to my research, my country Venezuela remains among the 5 countries with the maximum visits to pages that exchange cryptocurrencies, and using them has been increasing in recent years, there are already shops, and even subscription tv services, such as Simple TV, in which you could pay with cryptocurrencies. To solution the question, I would like that inside more than one years extra people recognize approximately the use, management and benefits of cryptocurrencies, in view that despite the fact that they may be a few years old there are people like me who know very little or who are simply starting to recognize of them from a 12 months to here. It would be ideal for supermarkets, shops and different groups to apply a form of payment with cryptocurrencies, that we could use our telephones to pay a marketplace or make purchases in a single clip, now no longer having to use banks to make the change to national mioneda that's being devaluing each day. Many people only use the cryptocurrency business to buy and sell currencies and generate income, which appears correct to me however how correct it might be to go out right now and buy at a bakery paying with my Steem. Today many people have used crypto assets as a way out of the devaluation of our currency the Bolivar, and thus have savings, similarly there are those who keep in mind that opening an account on those platforms is an excellent manner to protect our earnings lots higher than a bank , for its flexibility and benefits. I thanks for studying me and I say good-bye expecting your remarks and suggestions, Hello all my dear friends during this community, Continuing the beginners course today i'm getting to ask question number 1 as specified by proff.@stream4u, to whom I take this chance to thank the reason of this cryptocurrency issues, let's start .
People can use cryptocurrencies to make payments and different movements quickly and accurately and additionally avoid high transaction fees, they also can buy cryptocurrencies as an investment in view that those currencies have a tendency to change in fee quickly.
The first cryptocurrency was Bitcoin which turned into created in 2009 by an anonymous founder named Satoshi Nakamoto, who to at the present time isn't acknowledged if this name referred to a person, a company, an institution or organization, his main objective With the introduction of this first crypto currency, it turned into to create a Decentralized system, which could now no longer depend on banking institutions or want intermediaries.
Cryptocurrencies use encryption techniques which offer the user with secure collections and payments, they do now no longer want to be managed through any group or have intermediaries, and transaction costs are very low
I think that cryptocurrencies have been born to innovate the economic global and inside some years the dealing with of cryptocurrencies can be common for citizensThankyou
Hello @lesandra,
Thank you for taking interest in the 3rd Task of the Beginners’ class. Your grades are as follows:
Feedback and Suggestions
You have successfully completed this task.
You need to work on your arrangement and markdown use.
You also need to work on your expression. Some of your statements are really difficult to understand.
Thanks again as we anticipate your participation in the next class.