Hello...
Is my pleasure, welcome to my assessment, am @kingworldline.
3A) WHAT IS A CRYPTOCURRENCY
B) WHAT IS CRYPTOGRAPHY AND HOW DOES IT MAKE CRYPTOCURRENCIES SECURE?
C) EXPLORE THE STEEM GENESIS BLOCK AND SIGN IN AS PROOF OF COMPLETION.
Therefore to define this, the cryptocurrencies well known digital asset which pose to operate based on its crytograph with define keys generated for a specific purposed, hence the keys generated by the cryptocraph restrict the second used or edith of any transaction code generated, hence this is properly secure by the algorithms of the cryptograph, this is made in such a way that each token has it's own algorithm for proper protection the code generated.
Therefore the cryptocurrency has been in existence in the past ten decade now, therefore the first cryptocurrency known as the Bitcoin was initiated in the year 2009 by an known and unrecognised individual by name Satoshi Nakamoto, then according to the documentry it was found that other currencies was generated as well like the Ethereum, cadano and many of them just to mention some few of them.
Therefore with the introduction of the cryptocurrency has shown us how useful it is to our daily usage, hence the following are the advantages of this called the cryptocurrency.
•cryotocurrency is well accepted digital currency in trading.
•There are the fastest means for transaction since they are decentralise un like the centralised.
•The crytograph as I mention on the above paragraph made it to be secured from any kinds of manipulation.
•Hence cryptocurency maintain some one's privacy without disclosing as it is in centralised mode of transaction.
Hence since it has a great advantage, hence the it actually has the opposite side which is the negative part of the cryptocurrency, therefore the following bulleted point are the disadvantages.
•Hence the major problem the cryptocurrency has is that as a currency it lacks the ability to reverse the already excuted transaction or code generated, hence any mistake of lost of the privates key means a total lost of founds without trace, hence is good to have your private keys backed up as hard copy or on google clouds for easy recovery.
•Hence since is a cryptocurrency, this is subjected to volatility which keep the price of crypto on the move of going up and down without being stable, hence this year can deplete some one's found if not properly managed.
Hence to start with according to what the history of cryptocurrency reports that "cryptos" actually means hidden while the "grafe" there means writing, all in accordance of greek language, Therefore with the combination of the "cryto" and "grafe" gave us the the name the "Hidden knowledge " in English language.
Therefore the Cryptograph is all about the security over the generated codes, hence this after protection of transactions or found with algorithm of the cryptograph being in charge of protection of the message conveyed across.
Hence for the crytographing to function there procedure in place of protecting the message conveyed which are as follows.
•Hence this is charge of the approval of the message or transaction in place with signal of where the message is going or coming from.
Hence this role came to place once the message is authenticated, hence this is after the protection of the message coveyed which restrict the message to the third party until it gets to the recipient that the message us made for, therefore no other can access the message except the sender and the receiver of the message.
Therefore once the message is encrypted means that is irreversible which means that it cannot be compromise by edition in any means which gave it a point in crytograph protecting the currency.
Hence to explore the STEEM genesis which means the first block in place before others, hence the genesis actually refers to the begining according to the holy book and other, hence to explore this we have to first approach it through making use of the we address. steemworld as shown in the below screenshot.
The next procedure is to click on the "Block explorer" as the result is shown below.
Then i have to click on "OK" in other to accept the 1 as the first and genesis of the Steemit blockchain as shown below.
Hence the following is the detail on STEEM Genesis, on the Timestamp, Block Id, Id of the previous block and witness as show on screenshot below.
Based on the second on the second phase of the question also demand us to get the sign in proof of completion, hence i will now login with my user name followed by by key as shown on the below screenshot.
In conclusion the cryptocurrency has already shown us what the future holds for us, which means that financial institutions is getting digital in trasaction, hence this have created a great impact in the global community, there by solving some problems the centralised system is having today.
My regards goes to
Cc: @nane15
Cc: @awesononso
#academys4-intro03 #cryptoacademy #club5050 #nigeria #steemexclusive
This post has been rewarded by @bright-obias from @steemcurator04 Account with support from the Steem Community Curation Project."
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