This is my second task and i am just happy to do it. Thanks to @nane15 for his remarks and critics on my first task which i have looked into in putting a better work to this.

What Is Cryptocurrency And How Will You Like To See Cryptocurrency In The Future

What is cryptocurrency

Several means of payment have been used throughout history. Now there are currencies which is in physical form of paper which iw made availabel in all countries around the world today. There use to be a means of exchange known as trade by bartar in which goods are being used in exchange of other goods depending on you preferential needs. Evolution of time brought us to the need of use of paper money. More evolution brought technology and which now brings to the world of exchange using a digital currency known as cryptocurrency. Cryptocurrencies have their transactions and record verified and maintained by a decentralized system. This system uses cryptography instead of a centralized system. Cryptocurrency helps you to buy goods and services but does that by using an online ledger with strong cryptography to enable and ensure a secure online transactions. It can simply be defined as a payment medium of exchage that is digital, encrypted and also decentralized. They are different from the traditional currencies as they are not issued by any central authority. This makes them become resistant to government intervention and manipulation.

In 2009, Bitcoin became the first ever cryptocurrency to be created. Bitcoin was created by Satoshi Nakamoto whose reason for creating this currency was aimed at ensuring users do transaction in a matter of seconds without having to depend on any individual or institution.

Today, many crypto assets have been created with bitcoin still leading in term of value. All other cryptocurrencies asides from Bitcoin are generally called Altcoins.

Screenshot from coinmarketcap.con

Features of cryptocurrency

• It is decentralized i. e. not controlled by any individual or authority
• It offers considerable lower transactions fee when compared to banks and other institutions
• Cryptocurrencies ensures anonymity and offers security to users as their personal information are not made known to the public.
• It is readily available to anyone who wants it.
• Cryptocurrency is also a peer to peer platform and all you need to do is to get an account.

Informations about cryptocurrencies can be checked on coinmarketcap. The assets are ranked on coinmarketcap according to their market capitalization and volume at which theis coins are bing traded. These informations helps to know a lot about cryptocurrencies and how to go about them.

Benefits of cryptocurrency

• Low cost of transactions
• It complete transactions in few seconds i. e. offers fast and permanent transactions
• It provides privacy to user which makes them transact easily without being accountable to anyone
• You are in sole control of your money.

How will you like to see cryptocurrencies in the future?

How I would like to see cryptocurrency in the future

Cryptocurrencies was at one time not known about by anyone, but in recent days, it has become one of the trendy topics in the modern techology world. This makes me see cryptocurrency easily becoming the leading currency used in transaction around the World and with Bitcoin already usurping gold as world’s most reserve currency.

Money printing as widely seen in many notable parts of the world reduces greatly the value of currencies. This will make people easily enter into the world of cryptocurrency.
Seeing countries like El Salvador becoming the first country to start accepting bitcoin as a currency of exchange in the country, this has already shown how wonderfully crypto can grow. El Salvador taking that bold step would make other countries start accepting cryptos as a neabs if exchange too.

Many institutions have also been seen buying bitcoin, accumulating it because they saw value in it. Company of a world billionair made a purchase of $1.5 villion worth of bitcoin earlier after adding bitcoin in their balance sheet. Micheal Sailor too have been aquiring bitcoin and many other institutions as well. It is believed that if these people are making these kind of investements, it is surely for the future. It means they understand where bitcoin is heading and are ready to hang around it for the positive outlong. With this, cryptocurrencies can be suspected to easily become world’s currency later. Bitcoin will later be adopted by all and this will liberate the poor masses and the unbanked. Time will surely tell.

I would love to see cryptocurrencies getting legalized in many parts of the world and the bans getting lifted in places where it is effective.
I would also love to see many people getting enlightened and educated about the significance of cryptocurrencies, this way they can also get themselves engaged.

CONCLUSIONS

It is so exciting to learn and discuss bitcoin and cryptocurrencies. Thats is why i am grateful for the opportunity of being able to participate in this whole lot thing. The future of cryptocurrency is bright and we'll be there to witness too. Thank you @steemitblog for the opportunity, cheers. Regards, @steemtopus