Ghias Ahmad

Today, the cryptocurrency system is spreading so rapidly around the world that big investors and undoubtedly many governments are storing their assets in cryptocurrencies. Although according to many people, this system is currently very unbalanced and unreliable, but still this system is growing so rapidly that the world has become a real global village in terms of transactions after the introduction of cryptocurrency.

But this system was not always like this. If we go back in history, many systems were adopted and abandoned by humans and then, through their struggle, they reached the modern crypto system. This is a complete series of introductions to cryptocurrency in which we will learn about cryptocurrency from introduction to advanced level together. We will learn how crypto training is done and how it can be made useful and the best investment can be made. Let's know about the different transaction systems prevalent in the world in this first article.

 If we go back in history, we find that some six thousand years ago, the Mesopotamian civilization, which is also known as the oldest civilization in the world, had a barter system. According to this system, one person used to buy rice from another person in exchange for his wheat, that is, this system worked by exchanging things, but when there were more candidates for one thing, then this system became completely ineffective. That is why many civilizations adopted it and abandoned it. Then when humans discovered valuable teeth, they started using them as coins, in which people could buy anything in exchange for coins and this did not cause problems like the old system. But there was also a problem in the coin system that when people used to move a large number of coins from one place to another over long distances, there was a risk of theft or robbery of these coins, that is why paper currency and check systems were introduced in which people would deposit coins made from their valuable teeth in banks and get them through checks. 
Image taken from free sources

 Now in the world, this same system was transformed into the dollar system for trade between countries after World War II, which is still dominant in the world today. In this system, two countries use dollars for the best trade between them, that is, if a country needs oil from Saudi Arabia, that country can get oil from it by paying Saudi Arabia in dollars. Similarly, all countries that have strong relations with the United States also need the single currency of the dollar to trade with them. That is, if a country has to buy something from another country, even if its currency is not the dollar or the currency of both countries is not the dollar, they still have to exchange money in the dollar currency. Due to this, the dollar system became popular all over the world. 

Today's article is only here. In the next article, we will know how the dollar system caused the rise and fall of many countries and how crypto traders rejected it and introduced the cryptocurrency system, which is rapidly spreading all over the world.
#crypto101 #cryptostory #BTC #Binance $USDT

$ETH @Ethereum #DApp
Ethereum is an open-source blockchain platform that was launched by Vitalik Buterin in 2015 (according to Google information). Its aim was not limited to digital payments (like paying for something to buy another thing), but to create a virtual world where everyone can use it to create "Smart Contracts" and run their application on the blockchain. Ethereum's currency is called ETH, which is used to run transactions and smart contracts on the network. Now it is important for us to know that Ethereum was founded about six to seven years after Bitcoin, but at that time, it was a coin that existed in comparison to Bitcoin. It is a stable currency and anyone can trade on it. Now we know about smart contracts.
Smart Contract
Ethereum works on the principle of smart contracts, and smart contracts are such automatic contracts that a computer makes with you. If you and I do a business deal and write it on a smart contract, then as soon as our conditions are met, the payment will be automatically transferred to us. For this, we do not need any third-party lawyer, court, or any other party. Ethereum introduced this system in the market, and because of this one system, Ethereum became so popular that today it is the second largest cryptocurrency in the world after Bitcoin. Known as Ethereum.
Ethereum and Blockchain
Another thing that Ethereum introduced was the concept of blockchain. Bitcoin was used as a digital currency that allowed people to transfer money from one account to another without the involvement of a court, lawyer, or their country's law. But there was no platform where anyone could create their own cryptocurrency and present the concept of a blockchain. Ethereum introduced the same thing in digital currencies and thousands of DeFi projects, NFTs, and games have been launched on it so far.
Some advanced features of Ethereum
Ethereum has made progress in the world of smart contracts, and as I have told you before, a smart contract is something in which money is automatically transferred after the terms of your contract. It has strengthened the agreements between people by building trust in the market, which has increased.
NFTs and Web 3
We all know about NFTs, but you know that the world of NFTs is mostly built on Ethereum. We use it to buy and sell digital assets, be it music, games, or any kind of digital currency.
What can we imagine the future of Ethereum?
Yes, as mentioned earlier, the Ethereum market is second only to Bitcoin, and according to experts, the future of Ethereum looks bright. This is because most of the blockchain projects are being launched on, and the main pillar of Web 3 and the metaverse is also this currency. Along with this, if you do market analysis, big investors and corporations are also interested in it, but here are some of its advantages and disadvantages, which are listed below.

Advantages of Ethereum
The world's largest smart contract platformThe basis of DeFi and NFTsA large community and the focus of developersFaster and cheaper network in the future, where investors can get more benefits

Some disadvantages of Ethereum
Transaction fees are often highOther blockchains, such as Binance Smart Chain and Solana, are competing with itIt is more complex than Bitcoin for any ordinary user

Conclusion
Ethereum is not just a cryptocurrency, like many others, but an entire digital economy. If you want to invest in crypto for the long term, then, in my opinion, Ethereum is a good choice. However, if you plan to place some trades on it for a short time, then many issues with its stability still arise. As I have explained to you some of its advantages, according to them, in the future, this currency may even become equal to Bitcoin or maybe even surpass Bitcoin. We can say that Bitcoin is a cryptocurrency. Ethereum is the basis of and the future of cryptocurrency, and that is why many traders should choose Ethereum, but this choice should be made with great thought and according to their plans.