S4B Crypto Contest - Season 24

Hi friends,
It's another day to share my participation in the contest held here in this community by
@waqarahmadshah which has the title S4B Crypto Contest - Season 24. I will be sharing my point based on the questions given below.

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What do you know about green cryptocurrencies?

The word green cryptocurrency can be likened to the type of cryptocurrency that prioritizes environmental sustainability. This means that they consume less energy in the environment and also it promotes ecological friendliness.

Green cryptocurrency often uses the Proof-of-Stake (PoS) or Delegated Proof-of-Stake (DPoS) consensus algorithms when building it. So the impact of mining on the environment is regulated so that the devices used for it don't affect people in the environment.

So the major thing one needs to know about green cryptocurrency is that it helps to sustain people within an environment and doesn't affect them ecologically.

What role could crypto play in combating inflation?

Inflation as we know is the sudden or immediate rise in the price of goods and services and these may be due to many factors such as scarcity of resources and more. Cryptocurrencies have helped to combat this as it is always made available everywhere and at any time.

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Since cryptocurrency is like a general currency that is accepted anywhere in the world and holds the same value it is going to help to combat inflation as it will not allow the price of things to just rise upward the way it is now.

What challenges must crypto overcome for widespread adoption?

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For cryptocurrency to receive widespread adoption, it must solve the problem of acceptability. If cryptocurrency is generally accepted as a medium of exchange in the entire world then the problem of mass adoption will be solved without delay.

So acceptance is what cryptocurrency needs for it to be widespread. So let everyone and every nation accept cryptocurrency just as they accept normal fiat

I want to invite @josepha, @simonnwigwe, and @shiftitamanna, to join the contest in this community and share their entry participation.