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      "body": "<div class = \"text-justify\">Thank you, @abidshikh for publishing an article in the <a href = \"https://steemit.com/trending/hive-108451\">Steemit Crypto Academy</a> community today. We have accessed your article and we present the result of the assessment below.</div>\n<br>\n\n<table>\n\n<tr>\n\n<th>Criteria</th>\n\n<th>Remark</th>\n\n</tr>\n\n<tr>\n\n<td>Verified user</td>\n\n<td>✅</td>\n\n</tr>\n\n<tr>\n\n<td>#steemexclusive</td>\n\n<td>✅</td>\n\n</tr>\n\n<tr>\n\n<td>Free of Plagiarism</td>\n\n<td>✅</td>\n\n</tr>\n\n<tr>\n\n<td>#Club</td>\n\n<td>club5050</td>\n\n</tr>\n\n<tr>\n\n<td>Bot free</td>\n\n<td>✅</td>\n\n</tr>\n\n</table>\n\n<hr>\n\n<h5>Comment/Recommendation</h5>\n\n- You have correctly interpreted the question which requires explaining the concept of crypto-currency, on the other hand the part concerning the comparisons between crypto-currency and conventional currencies needs to deepen its analysis.\n\n- You also briefly explained the innovations of cryptocurrency, superficially interpreting its drawbacks.\n\n- You briefly presented the major problems facing cryptocurrencies without offering clear solutions.\n\n- You have clearly shown your belief in the future of cryptocurrency, without giving recommendations.\n\n<h5><i>Rating</i></h5>\n\n***Total***| ***5/10***",
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      "body": "You were found guilty, that's why your account was muted in the Academy, deleting the content doesn't take away the fact that you have plagiarized. You are muted for plagiarism and that's the verdict. Thank you.",
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      "body": "@fredquantum already replied. Before you saw deleted post.  Comm\n\n![Screenshot_20220612_051610.jpg](https://cdn.steemitimages.com/DQmZeY74spFmVAfMWYngHpkSUq3H6GSCoJciDgSvshehDee/Screenshot_20220612_051610.jpg)\n\n\n\n\nUnderstand you now unmute because I already deleted, before any professor review Comment of Prof. @fredquantum  And if they saw post . They can mute. Prof.@fredquantum, did not do because already I deleted before any reviews of any professor..",
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      "body": "Check already deleted posts before review of any professor. In Prove, the prof,@fredquantum already replied. Before you saw deleted post.  Comm\n\n![Screenshot_20220612_051610.jpg](https://cdn.steemitimages.com/DQmZeY74spFmVAfMWYngHpkSUq3H6GSCoJciDgSvshehDee/Screenshot_20220612_051610.jpg)\n\n\n\n\nUnderstand you now unmute because I already deleted, before any professor review Comment of Prof. @fredquantum  And if they saw post . They can mute. Prof.@fredquantum, did not do because already I deleted before any reviews of any professor..",
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      "body": "Assalamoalaikum,\n\n> The main disadvantage is that mistakes are practically unavoidable during transactions, and because the blockchain is immutable, there are no ways to recover cryptocurrency paid to the wrong recipients, nor is there any customer service or third-party witness to complain to.\n\nBro Same was the case with me when I was a beginner i make huge loss im crypto due to lack of Crypto knowledge.\nI think there should be some delay in time between a transaction to correct or recheck the transactions to minimize the losses and Your suggestion is Valuable for me as you're first to Say a Customer care is needed and I also feel it.",
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      "body": "Thanks for your response. I will try to do best in next time",
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      "body": "Brother your article is very good. You explain well about all things. But I suggest you  please try to focus on your markdown style and always use justy text because it is easy to understand. Another suggestion is that please avoid from plagiarism because it is a very bad habit. Thanks for sharing your thoughts with us.",
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      "body": "Here my entry\n(https://steemit.com/hive-108451/@abidshikh/3fknaz-steemit-crypto-academy-contest-s2w1-how-cryptocurrency-has-shaped-the-financial-realm-what-is-its-future-by-abidshikh)",
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      "body": "Your post is informative. Keeps working on hard",
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      "parent_permlink": "hive-108451",
      "author": "abidshikh",
      "permlink": "3fknaz-steemit-crypto-academy-contest-s2w1-how-cryptocurrency-has-shaped-the-financial-realm-what-is-its-future-by-abidshikh",
      "title": "Steemit Crypto Academy Contest / S2W1 - How Cryptocurrency has Shaped the Financial Realm. What is Its Future? by @abidshikh",
      "body": "![106928219-1629130755312-gettyimages-1234311531-sindeyev-notitle210729_np12K.jpeg](https://cdn.steemitimages.com/DQmT4ucFzwcPxF7iuzLHTaKDKnpuAu3y5veqjEwuus9DGZp/106928219-1629130755312-gettyimages-1234311531-sindeyev-notitle210729_np12K.jpeg)\n\n[Reference](https://images.app.goo.gl/sZT8FvgLAvPP6mk96)\n\n**Users are expected to briefly give an overview of cryptocurrency.\nDraw a comparison between cryptocurrency and conventional currencies.\nExplain the distinctive innovations of cryptocurrency and its downsides.\nHow do you think major problems with cryptocurrency can be handled? Let this be a response to the downsides highlighted earlier.\nDo you believe in the future of cryptocurrency? State your reasons. Any Recommendations?**\n\n\n![mCz6aUXpYgcE9hndDxJeFHNCvijWNENnxm5KqcEUM3o1shVL6XpqgeCmMAvzgA6khhx57WLHxsrSGb7h2nxT2cFPubgmpqCCFnToxetJEW...BEAdEmU9q6nzrmbBZwdsBAXRsTmMxBWMKeVEF5Bt41hi25FNXDrjeJNdKeQKywuq6C3aPY8BjqKWo1ZFPheRANir3yLbhJHp4CrYjPA15AG7wi8utC8BCxjwgS.png](https://cdn.steemitimages.com/DQmb4NH911v97aUZigZDMmdEj9s2mr6Pm7sYJYKqtQCR9Xk/mCz6aUXpYgcE9hndDxJeFHNCvijWNENnxm5KqcEUM3o1shVL6XpqgeCmMAvzgA6khhx57WLHxsrSGb7h2nxT2cFPubgmpqCCFnToxetJEW...BEAdEmU9q6nzrmbBZwdsBAXRsTmMxBWMKeVEF5Bt41hi25FNXDrjeJNdKeQKywuq6C3aPY8BjqKWo1ZFPheRANir3yLbhJHp4CrYjPA15AG7wi8utC8BCxjwgS.png)\n\n**Users are expected to briefly give an overview of cryptocurrency.**\n\n\n\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\nThe phrase cryptocurrency is made up of two words: cryptography, which comes from the word cryptography, and currency, which comes from the word currency. I'd like us to first comprehend these terms individually before I explain what cryptocurrency is all about.\n\n- This defined as the method of securing information so that only the sender and recipient have complete control over the connection or information. Most of the time, our messages are not secure enough, and many people have seen them before they reach the intended recipient. Cryptography is a technique provide   secure communication from unauthorised users.\n\n- This is the term used to define a country's widely acknowledged medium of exchange. The parties involved must utilise the currency as a medium of exchange if they are purchasing or selling a commodity. If a man meets a biscuit seller, for example, he gathers biscuits and gives the merchant money. anything like that\n\nWe may deduce from the two explanations above that cryptocurrency is a digital money that is utilised to conduct goods and service transactions. This cryptocurrency is unlike our fiat cash in that we cannot handle it in our hands. The purpose of cryptocurrency is to address the shortcomings of traditional fiat currency, which is regulated by governments and financial organisations.\n\nThe creation of cryptocurrencies was motivated by the need for people to have complete control over their assets. Cryptocurrency is kept in a wallet, which is available on most exchange platforms. This wallet has a one-of-a-kind key that only you have, and if you lose it, your asset is lost as well. This asset is traded solely between buyer and seller, with no involvement from any type of the banks or financial institutions.\n\n>Bitcoin was introduced in 2009 , As a first cryptocurrency ,With the help of this invention, a technique known as blockchain technology was developed, in which the system operates decentralised and transactions are transparent, simple, and even faster.\n\n**Cryptocurrency examples**\n\nThere are thousands of cryptocurrencies. Some of the best known include:\n\n- Bitcoin\n- Ethereum\n- Litecoin etc.\n\n \n\n\n\n\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\n\n**Draw a comparison between cryptocurrency and conventional currencies.**\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\nHere is common difference between it..\n\n**Difference between  Cryptocurrency    and     Conventional**\n- Cryptocurrency is an online currency, it is a form of currency that we cannot touch, while Conventional is not in digital form in  a type of currency that we can touch and feel. \n\n-  In Cryptocurrency,we can mail it anywhere in the world in a matter of hours,while  in Conventional  Transferring this money from one location to another takes a long time. \n\n- In Cryptocurrency,We don't require a third party to transact with this sort of currency. While in Conventional,  we need a third party to conduct transactions in this form of currency.\n\n- In Cryptocurrency, It has a fast transaction speed. while Conventional, Its has not transaction speed.\n\n-  In Cryptocurrency, was made with the intention of being used all over the world. while Conventional, was made for a certain region or country.\n\n-  In Cryptocurrency, it is an extremely safe and decentralised money.while  in Conventional, money is not as safe and centralised as others.\n\n-  In Cryptocurrency, The currency's value isn't set in fixed. While In Conventional, The currency's value is fixed.\n\n-  In Cryptocurrency,Deals in this form of money is allows for peer-to-peer transactions. While in Conventional,Deals in this form of money are not peer-to-peer.\n\n-  In Cryptocurrency,this currency, you may make a lot of money or lose a lot of money. While In Conventional,The chances of making a profit or losing money are slim.\n\n- In Cryptocurrency,There  is against the law in this world. While in Conventional,There is not against law in this world.\n\n- In Cryptocurrency,The chances of being hacked are too slim. While in Conventional,There is a greater likelihood of bank account hacking.\n\n- In Cryptocurrency, Countries approve this currency, we will be able to use it anywhere on the planet. While in Conventional,Because each country has its own currency, we cannot utilise Pakistani cash in other countries.\n\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\n\n**Explain the distinctive innovations of cryptocurrency and its downsides**.\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\nThe blockchain, on which cryptocurrency is based, has resulted in a variety of cryptocurrency advancements. Various capabilities such as person-to-person transactions, permissionless access, anonymity, and so on have been enabled by the block.\n\nThese ideas are unlike anything we've seen before in the world of traditional currency. Because there are no trusted third-parties who delay transactions and increase costs through a series of confirmations, the person-to-person transaction of cryptocurrency is an innovation that has lowered transaction costs and considerably boosted transaction speed.\n\n\nThe absence of a third party has also made transactions more private, as transaction data such as the amount are solely known by the two people involved.\n\nThe blockchain is immutable, which means that transactions recorded on it can't be deleted, modified, or reversed.\n\n\n- **Downside**\n\nThe main disadvantage is that mistakes are practically unavoidable during transactions, and because the blockchain is immutable, there are no ways to recover cryptocurrency paid to the wrong recipients, nor is there any customer service or third-party witness to complain to.\n\nBecause of the anonymity of users, it is impossible to track the identity of the person to whom the bitcoin is sent, making any transaction error extremely costly and painful.\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\n\n**How do you think major problems with cryptocurrency can be handled? Let this be a response to the downsides highlighted earlier.**\n\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\n\nIt is a crucial point because the mentioned disadvantages are what distinguishes cryptocurrencies from traditional currencies like fiat and central bank digital currencies (CBDC).\n\nHowever, in order to address the aforementioned issues while maintaining the crypto character of cryptocurrencies, I propose that a maximum additional time limit be imposed on a sender's ability to reverse a transaction.\n\n\nA bitcoin transaction is extremely rapid, taking only a few seconds on average to complete because to the lack of a third-party. This means that when we send cryptocurrency from our wallets, we anticipate the intended recipient to receive them within seconds, and if they don't, there's a good likelihood that a transaction error occurred.\n\n\nSuppose there is a maximum additional time a sender can still reverse a transaction, say 3 minutes after sending, we can always reverse transactions if the intended recipient does not receive in a matter of seconds, saving us a lot of money.\n\nI'm not sure how this is possible, but the rise of cryptocurrencies and blockchain has shown that in the world of technology, everything is possible.\n\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\n\n\n\n\n\n\n**Do you believe in the future of cryptocurrency? State your reasons. Any Recommendations?**\n\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\n\nI am quite optimistic about the future of cryptocurrencies, and I believe that it will make a lot of money for people in the future, just like it has done in the past. In the past, we've seen that if we make a long-term investment in a cryptocurrency or a future investment, there's extremely little risk of losing money.\n\nMany people have become heroes as a result of the cryptocurrency, and the worth of the bitcoin was only one dollar nine to ten years ago, and it now has an all-time high of $65,000 dollars. If this is the case, we can estimate how bright the future is. And, as a result, many large corporations and governments are investing in bitcoin, which is a positive sign for the cryptocurrency's future.\n\nCryptocurrency is a very volatile currency. It has the potential to make you a lot of money, but it also has the potential to make you a lot of money. No one can predict the future of cryptocurrency because it has the potential to make you rich or poor suddenly, so do your homework before investing.\n\n![JvFFVmatwWHRfvmtd53nmEJ94xpKydwmbSC5H5svBACH7ymRyCtN593i7KCTNSMJrFdi1dibJ7dAEZqqkggpfRHybGhVr8VU2qTrHMp5qu972PkTroiNM8hmTHuan63yX4FQSdbH1x.jpeg](https://cdn.steemitimages.com/DQmSHJeavN9Mfmemu4RCrapQuuYLf2zBp1emUSfa8b356sj/JvFFVmatwWHRfvmtd53nmEJ94xpKydwmbSC5H5svBACH7ymRyCtN593i7KCTNSMJrFdi1dibJ7dAEZqqkggpfRHybGhVr8VU2qTrHMp5qu972PkTroiNM8hmTHuan63yX4FQSdbH1x.jpeg)\n\n\n## Regard by \n@abidshikh",
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      "body": "Your post is very good my dear friend you explain everything very well. But I think you copied the differences of crypto and conventional money from my post and after rephrase them you use it in your own post. Please avoid from that because plagisrism of any kind has not be tolerated in steemit platform. \n\n\n\n## <center> MY POST </center> \n\n\n<table>\n<tr>\n<th>\n\n\n\n![PicsArt_06-11-12.34.28.jpg](https://cdn.steemitimages.com/DQmfPtuSFez9srjj4ZyyEAzTbp2BegZyZ3yUQigYjxSwaMX/PicsArt_06-11-12.34.28.jpg)\n\n\n\n\n\n</th>\n<th>\n\n![PicsArt_06-11-12.35.09.jpg](https://cdn.steemitimages.com/DQmX5o71Zb5GDDhftMMnXtU44Yhqrq8irkVTF7X4MUYad3s/PicsArt_06-11-12.35.09.jpg)\n\n</th>\n</tr>\n</table>\n\n\n## <center> abidshikh post </center> \n\n\n\n<table>\n<tr>\n<th>\n\n\n\n\n![PicsArt_06-11-12.37.22.jpg](https://cdn.steemitimages.com/DQmcfqbSaA1wdKBm4yZi5WqPGsKeNdfjSpZy5GPYbw4KhUm/PicsArt_06-11-12.37.22.jpg)\n\n\n</th>\n<th>\n\n\n![PicsArt_06-11-12.38.06.jpg](https://cdn.steemitimages.com/DQmQkEP92eWqSBgwbjV3zUGpTYkFehzWf2gH21GswqQw786/PicsArt_06-11-12.38.06.jpg)\n\n</th>\n</tr>\n</table>\n\n\nAll content is same please dont do that and be creative... \n\nCc:\n@kouba01\n@pelon53\n@reminiscence01\n@fredquantum",
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      "body": "Your article is very informative . \nKeeps working",
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      "title": "Steemit Crypto Academy Contest / S2W1 - How Cryptocurrency has Shaped the Financial Realm. What is Its Future? by @abidshikh",
      "body": "![106928219-1629130755312-gettyimages-1234311531-sindeyev-notitle210729_np12K.jpeg](https://cdn.steemitimages.com/DQmT4ucFzwcPxF7iuzLHTaKDKnpuAu3y5veqjEwuus9DGZp/106928219-1629130755312-gettyimages-1234311531-sindeyev-notitle210729_np12K.jpeg)\n\n[Reference](https://images.app.goo.gl/sZT8FvgLAvPP6mk96)\n\n**Users are expected to briefly give an overview of cryptocurrency.\nDraw a comparison between cryptocurrency and conventional currencies.\nExplain the distinctive innovations of cryptocurrency and its downsides.\nHow do you think major problems with cryptocurrency can be handled? Let this be a response to the downsides highlighted earlier.\nDo you believe in the future of cryptocurrency? State your reasons. Any Recommendations?**\n\n\n![mCz6aUXpYgcE9hndDxJeFHNCvijWNENnxm5KqcEUM3o1shVL6XpqgeCmMAvzgA6khhx57WLHxsrSGb7h2nxT2cFPubgmpqCCFnToxetJEW...BEAdEmU9q6nzrmbBZwdsBAXRsTmMxBWMKeVEF5Bt41hi25FNXDrjeJNdKeQKywuq6C3aPY8BjqKWo1ZFPheRANir3yLbhJHp4CrYjPA15AG7wi8utC8BCxjwgS.png](https://cdn.steemitimages.com/DQmb4NH911v97aUZigZDMmdEj9s2mr6Pm7sYJYKqtQCR9Xk/mCz6aUXpYgcE9hndDxJeFHNCvijWNENnxm5KqcEUM3o1shVL6XpqgeCmMAvzgA6khhx57WLHxsrSGb7h2nxT2cFPubgmpqCCFnToxetJEW...BEAdEmU9q6nzrmbBZwdsBAXRsTmMxBWMKeVEF5Bt41hi25FNXDrjeJNdKeQKywuq6C3aPY8BjqKWo1ZFPheRANir3yLbhJHp4CrYjPA15AG7wi8utC8BCxjwgS.png)\n\n**Users are expected to briefly give an overview of cryptocurrency.**\n\n\n\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\nThe phrase cryptocurrency is made up of two words: cryptography, which comes from the word cryptography, and currency, which comes from the word currency. I'd like us to first comprehend these terms individually before I explain what cryptocurrency is all about.\n\n- This defined as the method of securing information so that only the sender and recipient have complete control over the connection or information. Most of the time, our messages are not secure enough, and many people have seen them before they reach the intended recipient. Cryptography is a technique provide   secure communication from unauthorised users.\n\n- This is the term used to define a country's widely acknowledged medium of exchange. The parties involved must utilise the currency as a medium of exchange if they are purchasing or selling a commodity. If a man meets a biscuit seller, for example, he gathers biscuits and gives the merchant money. anything like that\n\nWe may deduce from the two explanations above that cryptocurrency is a digital money that is utilised to conduct goods and service transactions. This cryptocurrency is unlike our fiat cash in that we cannot handle it in our hands. The purpose of cryptocurrency is to address the shortcomings of traditional fiat currency, which is regulated by governments and financial organisations.\n\nThe creation of cryptocurrencies was motivated by the need for people to have complete control over their assets. Cryptocurrency is kept in a wallet, which is available on most exchange platforms. This wallet has a one-of-a-kind key that only you have, and if you lose it, your asset is lost as well. This asset is traded solely between buyer and seller, with no involvement from any type of the banks or financial institutions.\n\n>Bitcoin was introduced in 2009 , As a first cryptocurrency ,With the help of this invention, a technique known as blockchain technology was developed, in which the system operates decentralised and transactions are transparent, simple, and even faster.\n\n**Cryptocurrency examples**\n\nThere are thousands of cryptocurrencies. Some of the best known include:\n\n- Bitcoin\n- Ethereum\n- Litecoin etc.\n\n \n\n\n\n\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\n\n**Draw a comparison between cryptocurrency and conventional currencies.**\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\nThere are many numerous distinctions between crypto and traditional currencies. These two currencies are diametrically opposed. So, without wasting time, let's go over the differences between them one by one.\n\n\n| Cryptocurrency         | Conventional |\n| :----------  | :-----------|\n|It is an online currency, it is a form of currency that we cannot touch. | It is not in digital form, it is a type of currency that we can touch and feel. |\n| We can mail it anywhere in the world in a matter of hours. | Transferring this money from one location to another takes a long time. |\n|We don't require a third party to transact with this sort of currency. | We need a third party to conduct transactions in this form of currency.|\n|It has a fast transaction speed.|Its has not transaction speed.\n|It was made with the intention of being used all over the world.|It was made for a certain region or country.|\nThis is an extremely safe and decentralised money.|This money is not as safe and centralised as others.|\nThis currency's value isn't set in fixed|This currency's value is fixed.\n|Deals in this form of money is allows for peer-to-peer transactions.|Deals in this form of money are not peer-to-peer.|\nIn this currency, you may make a lot of money or lose a lot of money.|The chances of making a profit or losing money are slim.|\nThere  is against the law in this world.|There is not against law in this world.|\nThe chances of being hacked are too slim.|There is a greater likelihood of bank account hacking.|\nCountries approve this currency, we will be able to use it anywhere on the planet.|Because each country has its own currency, we cannot utilise Pakistani cash in other countries.|\n\nThose are the primary distinctions between Crypto and traditional cash that I discussed earlier.\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\n\n**Explain the distinctive innovations of cryptocurrency and its downsides**.\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\nThe blockchain, on which cryptocurrency is based, has resulted in a variety of cryptocurrency advancements. Various capabilities such as person-to-person transactions, permissionless access, anonymity, and so on have been enabled by the block.\n\nThese ideas are unlike anything we've seen before in the world of traditional currency. Because there are no trusted third-parties who delay transactions and increase costs through a series of confirmations, the person-to-person transaction of cryptocurrency is an innovation that has lowered transaction costs and considerably boosted transaction speed.\n\n\nThe absence of a third party has also made transactions more private, as transaction data such as the amount are solely known by the two people involved.\n\nThe blockchain is immutable, which means that transactions recorded on it can't be deleted, modified, or reversed.\n\n\n- **Downside**\n\nThe main disadvantage is that mistakes are practically unavoidable during transactions, and because the blockchain is immutable, there are no ways to recover cryptocurrency paid to the wrong recipients, nor is there any customer service or third-party witness to complain to.\n\nBecause of the anonymity of users, it is impossible to track the identity of the person to whom the bitcoin is sent, making any transaction error extremely costly and painful.\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\n\n**How do you think major problems with cryptocurrency can be handled? Let this be a response to the downsides highlighted earlier.**\n\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\n\nIt is a crucial point because the mentioned disadvantages are what distinguishes cryptocurrencies from traditional currencies like fiat and central bank digital currencies (CBDC).\n\nHowever, in order to address the aforementioned issues while maintaining the crypto character of cryptocurrencies, I propose that a maximum additional time limit be imposed on a sender's ability to reverse a transaction.\n\n\nA bitcoin transaction is extremely rapid, taking only a few seconds on average to complete because to the lack of a third-party. This means that when we send cryptocurrency from our wallets, we anticipate the intended recipient to receive them within seconds, and if they don't, there's a good likelihood that a transaction error occurred.\n\n\nSuppose there is a maximum additional time a sender can still reverse a transaction, say 3 minutes after sending, we can always reverse transactions if the intended recipient does not receive in a matter of seconds, saving us a lot of money.\n\nI'm not sure how this is possible, but the rise of cryptocurrencies and blockchain has shown that in the world of technology, everything is possible.\n\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\n\n\n\n\n\n\n**Do you believe in the future of cryptocurrency? State your reasons. Any Recommendations?**\n\n\n\n![99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png](https://cdn.steemitimages.com/DQmZsaxNLt4vQSTq2pbtxcPGYuV7QrN1SdZ3mSeNXK85zUZ/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYDpdpkVUXu53u3Nwu8LXDGDpRCYyZPHGzetxrDugsR18HvuJSh688yZjT3V95MmuNPTTpVWYJD1ninDugV5zW.png)\n\n\nI am quite optimistic about the future of cryptocurrencies, and I believe that it will make a lot of money for people in the future, just like it has done in the past. In the past, we've seen that if we make a long-term investment in a cryptocurrency or a future investment, there's extremely little risk of losing money.\n\nMany people have become heroes as a result of the cryptocurrency, and the worth of the bitcoin was only one dollar nine to ten years ago, and it now has an all-time high of $65,000 dollars. If this is the case, we can estimate how bright the future is. And, as a result, many large corporations and governments are investing in bitcoin, which is a positive sign for the cryptocurrency's future.\n\nCryptocurrency is a very volatile currency. It has the potential to make you a lot of money, but it also has the potential to make you a lot of money. No one can predict the future of cryptocurrency because it has the potential to make you rich or poor suddenly, so do your homework before investing.\n\n![JvFFVmatwWHRfvmtd53nmEJ94xpKydwmbSC5H5svBACH7ymRyCtN593i7KCTNSMJrFdi1dibJ7dAEZqqkggpfRHybGhVr8VU2qTrHMp5qu972PkTroiNM8hmTHuan63yX4FQSdbH1x.jpeg](https://cdn.steemitimages.com/DQmSHJeavN9Mfmemu4RCrapQuuYLf2zBp1emUSfa8b356sj/JvFFVmatwWHRfvmtd53nmEJ94xpKydwmbSC5H5svBACH7ymRyCtN593i7KCTNSMJrFdi1dibJ7dAEZqqkggpfRHybGhVr8VU2qTrHMp5qu972PkTroiNM8hmTHuan63yX4FQSdbH1x.jpeg)\n\n\n## Regard by \n@abidshikh",
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