INTRODUCTION

Hello friends, I am excited to be learning a bit about cryptocurrency from the Steemkids Crypto Education Vol 1 and this is my homework task

WHAT IS CRYPTOCURRENCY

Crypto currency is a digital currency where transactions are verified and records maintained by a decentralized system using cryptography rather than a centralized authority.
Example of Cryptocurrency include

1. Doge coin (DOGE)

2. Cardano (ADA)

3. Litecoin (LTC): This cryptocurrency was launched in 2011,it was among the first to follow in the footsteps of Bitcoin and has often been referred to as silver to Bitcoin gold.
   Litecoin is based on an open source global payment network that is not controlled by any central authority and uses scrypt as a pow, which can be decoded with the help of consumer-grade central prossing unit (CPUs).

4. Monero (XMR):This is a secure, private and untraceable currency, This cryptocurrency was launched in April 2014 and soon garnered great interest among the cryptography community and enthusiasts.
   Menero has been launched and it enabled privacy by using a special technique called ring signature, with this technique, a group of cryptographic signatures appears, including at least one real participant,but the real one cannot be isolated since they all appear valid

5. Stellar (XLM):This is an open blockchain network designed to provide enterprise solution by connecting financial institutions for the purpose of large transactions. Stellar has positioned itself as an enterprise blockchain for institutional transactions,it is still an open blockchain that can be used by anyone.The system allows cross-border transaction among any currency.

CHARACTERISTICS OF CRYPTOCURRENCY

Decentralized: This is a huge benefit to cryptocurrency because it makes it transparent and there is no third party interference as seen in the conventional financial system, everyone can act on his/her own. Transactions can be made at any given time without the help of a third party, and no central server. Also it is less likely to fail accidentally because they rely on networks of separate components and systems are more expensive to attack and destroy or manipulate because they don't have vulnerable central points that can be attacked at much low cost than the surrounding system.

WHOSE CHOICE WOULD I GO FOR, JANE'S OR JOE'S

Personally I would go with joe, due to the lack of a central server in cryptocurrency and all nods work independently joe's transaction was successful without delay wheras janes was unsuccessful due to their server was down

CONCLUSION

I really learnt a lot from this volume 1, I will be waiting for others
I have learnt a bit about cryptocurrency and I would love to learn more now I am still young.

Special appreciation to
@fredquantum
@ steemkidss

By @rhema01