Contest Alert! The Crypto Quiz
Steemit Friends,
Today, I will participate in a nice educational contest by @steemdoctor1 of the Steem4Bloggers community. The name of the contest is Contest Alert! The Crypto Quiz. This kind of educational contest is where we can learn about cryptocurrency. I hope everyone will like my writing.
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I came to know about cryptocurrency after opening an ID on the Steemit platform in 2022. Since then, I have tried to learn about cryptocurrencies. However, cryptocurrency can be learned through educational contests. I still trying to learn about cryptocurrency. Cryptocurrency is a huge sector. I know I have to learn from here every day. Cryptocurrencies will make a huge contribution to the world's economy in the future. So, we need to learn and know about cryptocurrency from now on.
By cryptocurrency, I mean a digital exchange. Cryptocurrency transactions are confidential transactions. There is no third party involved in this transaction. No money is seen in hand or eye in cryptocurrency transactions. This money is completely digital. Not visible to the eye. Computerized transactions.
Cryptocurrencies are not cash or currency. Cryptocurrency transactions are digital-based. I can buy goods with cryptocurrency but, I can't carry the currency in my pocket. Cryptocurrencies are not legalized in all countries. Cryptocurrency is not yet legalized in our country Bangladesh.
A government can adjust its fiat value by either printing money or adjusting interest rates for borrowing. However, cryptocurrency is reduced and increased depending on the current market.
Fiat is controlled by tenders from each country's central bank. Cryptocurrency, on the other hand, is a completely different digital transaction. Cryptocurrency is a completely single digital transaction medium. Cryptocurrency is not a third-party intervention of any country. Fiat is regulated by each country's government. Cryptocurrency is a single digital transaction with no government intervention.
In 1983, a scientist named David Chaum first proposed the concept of digital transactions. Then he researched it till 1995. Then in 2009, Satoshi Nakamoto first introduced the cryptocurrency market with Bitcoin. Cryptocurrency works through blockchain. Blocks are in the form of chains. All transaction blocks contain reservations. Monitored by a powerful computer. It is called computer mining. Some popular cryptocurrency names are given below:
- Bitcoin
- Ethereum
- Ripple
- USD Coin
- TRON etc.
| SL No. | My Invited Steemit Friends |
|---|---|
| 1 | @shahid76 |
| 2 | @sadiaafreen |
| 3 | @hasina78 |
Thank you, friend!
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Much regards : @solaymann
Best of luck 🤞 for contest.
Thank you so much for inviting me here bhaia.