S4B Crypto Contest - Season 24

in Steem4Bloggers2 months ago

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Asslam o Alykum hope so all will be fine today am participated of the costest this is organized by @waqarahmadshah ..the topic about the contest is cryptocurrencies have gain to be significanse to the atention over the year but for them to trully becomes on a part of everyday life there are some of the key factores to the consider. the below are the some importanse of the main points that highlighting to the both the possibles of the cryptocurrencys & the need of the challanges to the overcome for extensives afecting.

What do you know about green cryptocurrencies?

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Green cryptocurrencys to are digitally on the currenciess are dessigned to be eco friendly. the unlike cultural to are cryptocurrencies that are the requires a lot of energy for minning on a green cryptocurrencies use less to energy and have a smallers on environmentaleffect. They are offten depend on more of the eficient technologys to be like Proof of the stake by the choice of the Proofed to Work to the reduces on a energy consumptions. the some of the examples including to the Nano Chia & solar coins. these curencies aim to the supporting to suportable while still ofering the benefits of the blockchains on a technology.

What role could crypto play in combating inflation?

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Crypto can be helping to combats on inflation by ofering an the different to the cultural on a currenciess to which can be lose valued to over time due to the rissing prices. they many cryptocurencies be like Bitcoin to have a limiting to the supply creating them less on disposing to inflation. the people can be use crypto to stored on a value & protected to their saved to from losing purchased to the power. Aditionally in the countries with high inflation to the cryptocurrencies can be provides on a stable way to the transferd & hold money to without depend on the unstables to the locally to the currencies.

What challenges must crypto overcome for widespread adoption?

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For crypto to be comonly adopted to it must on over come severally to the challenges.

  • Firstly to there are the disturbing to about securitys as the hacking & scams are the still common.

  • Secondly to many people find cryptocurrencies on hard to the understand to or use.

  • Thirdly to the government & banks to the needy to the making clearlly on the rules for using crypto.

Lastly to its the needs become on faster & cheaper to uses the everyday transections. Solved to these issues will be help to more people trust & use cryptocurrencies.

At the end of post am inviting the fellows so am invite to call @echuku @us-andrew & @jollymonoara participating of this challange..

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