Que 1:Users are expected to briefly give an overview of cryptocurrency.

Crypto currencies are non-physical, digital or online exchange medium, which can easily be converted into fiat currencies. Crypto currencies are usually defined as non-physical asset that has very high volatility movement, which can increase or decrease in value and price at a very faster pace (speed) than currencies. Crypto currency works in a unique manners which make the great and awesome. Since the innovation of crypto currencies in 2009 by a professional program developer know as "Satoshi Nakamoto"*, after the arrive of Bitcoin so many crypto currencies started emerging immediately, this crypto currencies came with their different projects to attract investors, because a for a cryptocurrency to grow in price and value, the crypto currency must have have a large amount of whales that holds the coins, also if they are larger amount of buy order in the market the market is expected to move in a bullish direction while if they are much sell order the price of the asset is seen reducing. This method has been the method used by big whales to make more money through crypto, they big whales ( traders that buy in very large quantity) therefore making the price of the asset to rice at an alarming price, then the sell their to make big profit leaving the price of the asset to fall.

Features of crypto currencies
✓ Decentralization
✓ Blockchain
✓Crytograpy
✓ Consensus mechanism etc

✓Bullish: A market is said to move in a bullish direction when the price is increasing .

✓Bearish: the market is said to move in a bearish direction is the price of the is seem moving downward in the chat.

✓ Decentralization: Decentralization as the name implies it's the opposite of centralization, Decentralization can be easily defined as the process giving full authority, Power, control or freedom to account owners to fully control the account activity like their posting what they like without getting blocked. In a Decentralized systems account owners have their passwords or or key unlike the centralized system where there's an admin who stores users pass word in his database. In a Decentralized systems there are no administrators who watches or control your account because they power is shared among account users.

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✓Blockchain: This is the core feature of all crypto currencies, because everyone crypto currency must have a Blockchain where it operation are carried out. As the name implies Blockchain technology is more like creation of block which are permanent stores which are used to store data, information and values permanently and chaining this blocks so the data and information can't be misplaced. So therefore in short Blockchain is creation of blocks and chaining this blocks for the safety of data.

✓ Cryptography: The term Cryptography is easier explained as the act of encoding plain text using special keys to produce a private encrypted key and decoding the private encrypted keys back to plain easy to understand text. This method was formally used during the war so that the enemies wouldn't understand their conversation and plans, it was also used by ancient Egyptians back then.

✓ Private Keys: These are keys sent to only one user and the have power or unlocking and locking the accounts which they serve as password.

✓ Public keys : As the name implies these are key's sent to the public, they help in locking but can't be used in opening any account.

Que 2:Draw a comparison between cryptocurrency and conventional conventional currencies.

° Both crypto currency and fiat currency are both used as medium of exchange in the market, that is to say the both crypto currency and fiat currency are necessary in almost every trade transaction because they are all types of money.

° Both crypto currency and fiat currency don't have a stable price, that's to say the price goes higher or lower at any given time because of its volatility.

° The growth of both crypto currency and fiat currency depends on how much users hold, use and accept the currency, that's to say the higher the more users buy, hold or use crypto currencies and fiat currencies the the higher price and the value of the currency

Conversational currency	Crypto currency
•The are controlled by a center node which is usually the government	•The are not controlled by any center node
•Conversational currency are legal because they are controlled by the government	•Crypto currency are said to be illegal, because most government has banned the use of crypto currencies.
•Conversational currency are can be held and touched physically	•Crypto currencies can't be held or touched physically
•Conversational Currencies are have unlimited supply in the market	•Crypto currencies have a limited amount of supply in the market.
•Controversial Currencies have much storage medium because they can be stored physically and digitally	• Cryto currency can be stored only on online Wallets and can't be stored in physical wallet or banks.
•Conversational currency don't make use of private and public keys (Cryptoghapy)	•Cryto currency make use of private and public keys (Cryptoghapy) to secure it's Blockchain.
•Conversational currency are not base on blocks and are not created on any blockchain technology	• Crypto currencies can't be in existence without the creation of Blockchain, that's to say all crypto currencies are created on a Blockchain.
•Conversational currency are mostly in said to be stable until a recession occurs	•Crypto currencies are very volatile in nature, that's to say the price of a cryptocurrency can't just be stable unless it was created to be in a stable condition for example SBD and USDT
•Conversational currency don't need withness	• Crypto currency need Witnesses to approve each block

Que 3:Explain the distinctive innovations of cryptocurrency and its downsides

As I have stated before crypto currencies can with a lot of awesome innovations and technology that are really impressive in their actions. Since the innovation of crypto currencies and it's awesome features life began to go nicely and properly. They are so many awesome innovations but we all know even sugar has as side just Crypto currency technology also have its side effects.

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Blockchain technology:

Blockchain technology is the core concept of crypto currencies, it has been really useful in the crypto world and as long as you are in the crypto world you must continuously encounter this name. Blockchain is a simple term because it self explained, you can easily say Blockchain is the process of Chain permanent stores also known as block. Blocks are permanent storage medium that stores data message or information safely. Blocks chain is more like linking or chaining those blocks together. Concept behind block is that every block have a been assigned a specific size and when the block is filled, it automatically close and joined with the previous blocks, also each block that is been joint will then be given a unique time stamps.

Scalability.

They they are three basic factor when developing a Blockchain, this three factors are very difficult to meet at the same time that why most Blockchain are perfect in just two of this factors and have fault with the last one. Thes three factors are Decentralization, Security and Scalability, and it unfortunate that most Blockchain are good in Decentralization and Security while have issues in Scalability of their Blockchain. Blockchain is an awesome technology but it also have its down sides just as every thing that was created has its down side and that downside is that most Blockchain are not scalable in nature, that is to say because of the the fake of crypto currencies is growing rapidly so many Blockchain are not scalable enough to accommodate this increase rate. Some basic reason for the Scalability problem of some block Blockchain.

✓Block Size
✓Transaction Fees
✓ Limitations
Transaction fees are usually so so expensive to

Block Size

The Block size of a Blockchain is also a top reason why is scalability downside in some blockchain. Because of the increase in total amount of transactions in blockchain technology will always result to a time-consuming process for running transaction on the blocks.

The Transaction Fees

Another basic reason for the Scalability problem on a Blockchain is because of it high transaction fee. The increase in fame of blockchain technology have resulted to much more complexity in the validating of users transactions because of there are higher computational power for the crypto mining.

Cryptography:

Another important Initiative is Cryptoghapy, cryptography has really helped in securing the Blockchain because of awesome encryption capacity, it has successful kept millions of password save from criminals that memorize people password. Cryptography has to do with encoding text or plain password using some algorithm or keys into cipher text and Incase there is a need to understand the cipher text, the cipher text is then decoded from cipher text into plain text.

The biggest downside of Cryptoghapy is that it produces very complex key that can't be memorized by any users, Even the owner of the account and this can cause the owner of the account to lose his or hers account.

Que 4: How do you think major problems with cryptocurrency can be handled? Let this be a response to the downsides highlighted earlier.

of course, the problem with crypto currencies can be solved with determination and seriousness.

The problem of Scalability can be solved by performing Sharding. Shading is one of the numerous means of solving the issue of Scalability of any Blockchain.

✓Sharding:

Sharing is Known as one of the best way to solve the Scalability issues found on a Blockchain as an great on-chain scaling process. Based on crypto currency, the term sharding is proved to be one of the legit layer-1 scaling solutions to blockchain technology Scalability. Sharding can be easily defined as the process of splitting or breaking down of account transactions into smaller pieces which are populary called ‘shards’ After which process this shards mostly in parallel format, so therefore creating sequential actions in different transactions. Sharding helps in dividing information and data into shard that are split into different nodes, while making sure that consistency of data, message, transactions and information is still met it desired standard

The Problem of losing private key's, which would result to lose of one's personal account also have a solution. We know that online store are not safe enough to store our keys and in the other hand our daily has high chances of getting lost, stolen, destroyed by ants and water. The use of hard wallet could be the end of losing
our private key's.

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✓ Hard wallet :

Hard wallets are physical wallet that stores crypto currencies easily and safely. This are wallet or devices that are used to store digital Currencies like Cryptocurrencies safely from online and offline thefts. Just like our normal pocket wallet help users save their keys so the won't easily be misplaced or mishandled by mistake.

Examples of hard Wallets

• Ellipal Titan
• Keystone pro
•Trezor Model T
•Keepkey
• Ledger Nano X

Que 5:Do you believe in the future of cryptocurrency? State your reasons. Any Recommendations?

I see a bright future in crypto currency especially on **steem** that why I am still on this platform and saving my steem power.

• My reasons for believing in steem and other crypto currencies is that Steem and other crypto currency including Bitcoin is still new in this world and people are still considering joining the new trend, we all know that the growth of any currency especially crypto currency depends on how it is accepted, bought and held. To me I believe cryptocurrency users are not up till 40% of world population, and with the testimony of crypto currencies roughly 80% of world population would accept crypto currency, meaning a massive increase in price and value of the crypto asset in the crypto world in the near future and to me thats what I see as a bright and great future for crypto currency.

• Infact some countries has started to accept the legal use of crypto currencies in their countries and other countries will be joining soon, this would improve the growth of this crypto currencies. When countries and their government joins in the use of crypto Currencies then therefore there are chances the citizens gains trust in crypto currency and this would encourage the citizens to invest in cryptocurrency,
which will give crypto currencies a bright future.

• Application of ETF):
Exchange Traded Fund permits traders to buy different cryptocurrency directly from different traditional investment brokerages they users may have had account on. ETC is the easiest process investors profits from their investment.

My Recommendation

My recommendation is that owner and company that creates any crypto currencies, should also work on attractive project that would attract more users into the crypto market. Most people just need a reason or project to attract them into the crypto world. For example steemit was the reason I grew interest in crypto currencies especially Currencies like Steemit.

I also recommend promotion of crypto currencies to the world by different means including ads or physical road work promotion like I do, this would also help improve the publication and popularity of crypto assets

Conclusion

Crypto currency would make all of us proud in the nearest future, by increasing in price and value remarkably. Thanks for going through I believe you understood all I have said wish you all the best in the contest.

I am inviting @whitestallion, @ijelady and @anyiglobal to participate in this contest.

Cc:
Prof @reminiscence01