Steemit Crypto Academy Contest Season 2 Week 1 - How Cryptocurrency has Shaped the Financial Realm. What is Its Future? by @mostofajaman

How are you all? Hope you all are well and have a great day. today is Saturday 11/06/2022.

Today I am going to participate in Crypt Academy "Season 2 Week 1 - How Cryptocurrency has Shaped the Financial Realm,What is Its Future" contest.

I am @mostofajaman 🇧🇩 from Bangladesh.

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I will try to give the question ❓ implants part by part below in front of you.

Some about cryptocurrency

Bitcoin was discovered in 2008 by a man named Satoshi Nakamoto. Because he is actually a virtual money. No person or bank is required to transact money through cryptocurrency. You can never feel this money with your hands but you can use it. In today's digital age, everything from technology to everything around the world is being upgraded. Similarly, the financial system is improving and is slowly gaining a lot of reputation. Cryptocurrency was created to allow these virtual meanings to pass through a decentralized network. There will be no intermediaries or controllers. You can bring money directly to your wallet from anywhere in the world and make payments anywhere in the world without any person or medium through publishing. No paperwork or signature is required for this transaction.

• Draw a comparison between cryptocurrency and conventional currencies.

There are many differences between cryptocurrency and conventional currency. We have over one and a half hundred coins in this world. We can feel the weight of all the hundreds of coins by shaking hands and feeling. In many cases lost of the money from us. We keep it in our country's bank or in our own home. But our cryptocurrency is an ecosystem that we can keep in our own wallet and convert it at any moment. Of course the currency is simple and secure. Of course a user should know about cryptocurrency and make cryptocurrency transactions as it can be lost with a single click. And with blockchain technology it can never be brought back. You must have a detailed knowledge of cryptocurrency if you want to use cryptocurrency. These are not required for the use of native currency.

• Explain the distinctive innovations of cryptocurrency and its downsides.

There is no police chief here, of course it is normal to have black market. It is unknown at this time what he will do after leaving the post. Of course we have to try to protect ourselves from this black market. Moreover, there are a number of currencies around the world that have approved various currencies, most of which have not been linked to anyone so far. Hackers attack cryptocurrency online market financial system is a terrible thing. Although Blackchain databases and blockchain technology are considered to be much more secure and reliable. Of course those who have no idea or knowledge about cryptocurrency will never want to get involved in cryptocurrency and will not want to transact through it.

• How do you think major problems with cryptocurrency can be handled? Let this be a response to the downsides highlighted earlier.

Establish a downward trend so that assets fall and can be lifted. Close the transaction when the required threshold is exceeded. To keep the market balanced, you must make room for new holders and invest in promoting it. Of course we have adequate security measures but security needs to be monitored and improved so be aware of this and ask the developers to keep an eye on these issues at all times. Try to change the rules and innovate in the world of snakes. The bird that loses the bureaucratic system is one of its main flaws. As is the case with conventional monetary systems, it may be necessary to identify cryptocurrency schemes. Proper control and supervision of everything will need to be given more importance as it is likely to cause a lot of damage due to one mistake.

• Do you believe in the future of cryptocurrency? State your reasons. Any Recommendations?

Of course I believe the future of cryptocurrency is bright. Demand for this specialty has grown significantly as a result of recent corporate scandals. Demand for this specialty has grown significantly as a result of recent corporate scandals. Several major countries have approved cryptocurrencies, and there are a number of other countries that are expected to approve them. Many countries around the world have introduced blockchain money digital systems. People want to be updated or digital now. Some of the largest companies in the world have approved box and technology transactions. One of the advantages of cryptocurrency is that it can be quickly and securely exchanged with new and other digital assets by trading. Experts believe that the cryptocurrency could have a major impact on the financial system in the future. Cryptocurrencies are slowly merging with large companies to improve their financing. I think one day the cryptocurrency system will be introduced in the whole world. The whole world will agree and accept cryptocurrency.

With best regards,
@mostofajaman