Challenge #4:The future of cryptocurrency in the World by December 2021(A year future)Powered Up 100%steemCreated with Sketch.

in Project HOPE • 4 years ago (edited)

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This post is focusing on the meaning, brief history, promotion and rewarding platforms for cryptocurrency.

Meaning of cryptocurrency


Cryptocurrency is a form of decentralized digital currency which is managed with what I call super sonic encryption using cryptography. The blockchain technology has made the transfer of the currencies possible without the knowledge of a third party.

The brief history of cryptocurrency


Cryptocurrency came to being on 18 August, 2008. After the announcement of the currency, bitcoin domain was made public on 31 October, 2008. As the first form of digital currency. Although, there has been attempt to create such a currency in recent years, but the fear of trust was a barrier over it. Until the Blockchain Technology was discovered.

Promotion

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Following the current rise of cryptocurrencies and it's continues existence, it is of no doubt, the government, countries, agencies and organizations will gradually adopt cryptocurrency in their system. If they don't to that, shortly their economy will crash.

E. G

  • The powerful institution PayPal, made it public on 21 Octerber, 2020 that cryptocurrency will be allowed for her users to buy, sell and shop.

    They strongly believe that the adoption of cryptocurrency in to their system will make her customers understand the giant cryptocurrencies. That's to say, cryptocurrency is being promoted World wide and directly pushing over 300,000 people to make use of it

  • Understanding the importance and how reliable the cryptocurrency is to the economic development of nations, most countries like Bahamas has fostered the World wide acceptance of crypto. Recently, her Central Bank of Digital Currency (CBDC) was launched. Base on this, other countries will adopt to it when they hear the success story of Bahamas.

    The country (Bahamas) has advised her citizens to open account for the currency to begin transactions.
    Guess what? This means over 393,244 people would be brought into the World of digital cryptocurrency and the more people accept the system, the more prominent it becomes.

  • I'm expected that cryptocurrency would be made known to 2.5 million people in the World through education, awareness and programs organized by individuals and platforms Example

    i @focusnow has been teaching individuals about steemit even went to the radio station to make the announcement in @nigeria

    ii Binance has also organized a 60days tutorials, asking and supporting those who has the understanding of cryptocurrency to spot individuals. With a whopping price of $500 each. And many others.

  • The festive Period is also a great references point. The forth coming season (Christmas), will increase the demand for cryptocurrency as individuals want to earn enough money to spend. There are lots of platform offering some percentage on investment with out working. Thus, incredibly appreciating the decentralized cryptocurrency
  • The banking system most at times becomes a barrier in transfer of bank note from one country to another. The decentralized system will bridge issues of transfer of money from individuals to another.
  • This platform is perfectly promoting crypto directly by rewarding bloggers.
  • People are currently rewarded with cryptocurrency by performing a simple task online.

    • Conclusion

  • With the points mentioned above, the cryptocurrency is a treat to bank note.
  • The blockchain Technology will be reliable for storage of documents also, as a tool for developer.
  • The adoption of crypto by corporate bodies, institution, government and organization is paving ways for it to be the World currency
  • The development of modern technologies and artificial intelligence will promote the actualization of the predictions of cryptocurrency.

    #affable

    #steemcryptochallenge #nigeria #affable
    4 years ago in Project HOPE by
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     4 years ago 

    Share on my twitter handle

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    #affable

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       4 years ago 

      Great post @chinonso1.

      I like the point you make that crypto will be an integral part of national economic development globally. I am hopeful that people and nation states embrace this.

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         4 years ago 

        We believe is going to happen few years to come
        #affable #twopercent #nigeria

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