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(1) WHAT IS CRYPTOCURRENCY AND HOW YOU WOULD LIKE TO SEE CRYPTOCURRENCY IN THE FUTURE?

CRYPTOCURRENCY

We all know the rise of legal tender, and how important it is to know and gradually accept that we've advanced.
Before now, the country had issued and withdrawn so many notes and coins that it might have been hard to keep up.

From using trade-by-barter system using farm produce and livestock to cowries, from using cowries, to material for trade, to money in coins( visible coins like kobo, shillings, to paper currency, cheques and right now Digital or rather, Cryptocurrencies.

Now, what are cryptocurrencies?
cryptocurrency is a digital currency that uses blockchain network in it's operation.

In a more detailed definition, a cryptocurrency is simply a digital equivalent of paper money based and built on a network across a large number of interconnected computers. It is a decentralized form of currency, meaning it cannot be controlled by government or central authorities. everything is done via a peer-peer trading with no mediator like bank as the third party.

TYPES OF CRYPTOCURRENCY

Bitcoin
Litecoin
Ethereum
Tether
Tron
Dash
Steem
Shib
Hive Etc

BENEFITS OF CRYPTOCURRENCY

. It is decentralized
. It has a high interest rate of returns if invested wisely.
. It can be used and exchanged for real money in different parts of the world.

Anything that has advantage has disadvantage as well. So the disadvantage or drawback in cryptocurrency is that once a private key is lost, there is no way to either recover it or regenerate it. Should you misplace any information to your wallet address, all your cryptocurrency asset is gone to thin air. no one is with it , but you have lost your asset.

HOW I SEE CRYPTOCURRENCY IN THE FUTURE

Cryptocurrency is the currency of the future, as it gains mass adoption by currencies, agencies and venture capitalists and the likes. And more importantly as the world continues it's digitalization process.

Cryptocurrency is the future of finance, we need to be ready to start using crypto to buy and sell. It has started in many countries. Nigeria just lunched their own digital currency called E-MONEY.

The rise of bitcoin and other cryptocurrencies like Ethererum has created new challanges for governments and central banks. Some are responding by introducing their own digital currencies.

Personally, that's why i joined steemitcryptoAcademy, to gain more knowledge , i don't want to be left behind.

CONCLUSION

I want to use this opportunity to say a big thank you to Professor @stream4u for this well detailed lecture. I learnt a lot from the meaning of cryptocurrency to knowing about Satoshi Nakatomo, the creator of the first cryptocurrency in 2009 and many more.
Thank you professor @stream4u.