Assalam-o-Alaikum!

Today fist of all my greetings to all members in this community.I am very happy that this my first lecture about the cryptocurrency.I see the lecture of in the community Steemit Pakistan which is created by great professor "@mohammadfaisal".Then I read very carefully and then I start making now.

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QUESTION 01

"What is a cryptocurrency and how it plays role in the blockchain?"

⚫ Cryptocurrency

A cryptocurrency is a network of currencies which is a (Bitcoin Litecoin Ethereum Stellar)based on facts designed to work as a middle-sized of exchanging where the person made (money) by stamp metal to his owner-ship recorded are store in a business account-book currently in existence in a form of a computerized database.

• Some crypto designs use validators to support the cryptocurrency. In a proof-of-stake design to be copied, owners put up their small things aside. In return, they get authority over the things like money in size to the amount they money put up.

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⚫ Blockchain Technology

It is a technology which is based upon consist in collections form and either block liking secure and opens in the form of debate which links each other in help of cryptographic techniques. It is to introduce by the frameable man "Satoshi Nakamoto" which describes the different processes and working in this.

• When instrumented with gave self-government control, each cryptocurrency works through made distribution business account-book technology, representatively a blockchain, that serves as a public money business transaction database.

Working on blockchain

The symmetry of working on the blockchain is very smooth that easily performs work.
There are some following steps through which we do work.

• First we request to the transaction of the perform the steem blockchain.
• The collections of the requested transaction to perform the block for the confirmation process.
• In order to confirm the transaction they have mi or problems to solve and result.
• The end in the results is the for the confirmation of the average result in a block through we transaction done for access of data. So, all steps are done.

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QUESTION 02

"What is blockchain mining and what is Mining Difficulty?"

This term is defined as getting the cryptocurrency by solving the cryptographic equations which are helped by computers.

The puzzle and obtain of recorded data which is added in blockchain have public ledger to this data vision in everyone.

Methods of Mining

There are some important popular methods through which we get profit. If we fellow then to get success easily.

• Cloud Mining:
• CPU Mining
• GPU Mining
• ASIC Mining

Working of Mining

It is a specific blockchain network with the small transactions they organized to single.
It has nodes to rescind start verify data. The collections of data are processed by fee ti minor block firstly by cryptocurrency.

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The further is me hash everything transaction frim pool this process is minor indeed as rewards by the creativity of obtaining Mining known as "coinbase transaction" thin air.
When each is hushed all transactions again Merkle tree known as "Hash tree", is formed by transaction again and again.

It is reached by "Top to top tree". All previous methods through it done.

• Root hash
• Previous block's hash
• Nounce

QUESTION 03

"Discuss Challenges for crypto miners?"

These all three elements blocks have the identity generated by candidates block ti valid zero number.
The minor has hash headers, again and again, to emphasize one network and remained node communicated and their data into blockchain to other blocks.
Some of them happen validly sometimes ended to following dependent they got first. These are called "deserted orphan block or lifeless".
They have will back to winner block.

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QUESTION 04

"What is Defi (Decentralized Finance) and discuss any DeFi project in detail?"

DeFi is a small name "Decentralized Finance". It invented the amazing add-in blockchain techniques to transform the old into a new peer financial system and introduced.
DeFi has completely revision the blockchain world global that nit dependent on it in the 3rd part such as "Bank, Brokerage, Exchange" leading many processes to the liquid pool.

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Project on DeFi

There are many DeFi projects which are doing the best work in blockchain to brief overall some are given below:

• Makers
  It is the first decentralized stable coin in the steem blockchain which is built in the Ethereum blockchain on the crypto platform. It leads to stake the cryptocurrency to get a loan the "ETH" to get a loan in crypto smooth.
  There is no KYC systemically to start. Only in the condition of without any limits loans. The maker has built-in the system if "DAO". It also plays a role in providing jobs.

• Compound

The compound is an algorithm and autonomous interesting rate performance have been specified development to a lot of persons to financial applications.
It has decentralized lead projects to have unique systemically to borrow loans and cryptocurrency pools. The interest has been paid by lenders and the on-demand crypto pool. Compound DeFi is generating every week.
It also earns by lending a get loan.

• Synthetix

It is an Ethereum blockchain chain base that allows them to issue go to the Synthetix blockchain. First of all, it starts the stable coin before the DeFi such as gold and silver

It also supports the "synthetic Cryptocurrencies, synthetic inverse, index, and fiat currencies".
It also allows the assent in the screen work as token *SNX to receive fee and record to the user.

• bZx

It also bases upon the Ethereum blockchain to another DeFi project to lend the steemit platform and also built the specific trader's.

Its tokens use the smart and contact system to automate the system. It is without relying on the 3rd party easily decentralized with the borrow and lend the bZx.
It has the chain base order like its own cryptocurrency to make them stronger and more reliably.

• Uniswap

Uniswap an another impressive and frameable DeFi which is based upon the Ethereum blockchain to. It is also used for crypto exchanges. It is also more clear than the swap service. It is also based on the order book as we use the financial system to provide facility trading.

It is also a best-exchanging platform that also allows swapping the ERC-20 tokens directly to our wallet and also for the transaction.

It is also based upon the cryptocurrency itself and also for a lot of people to get profit by cryptocurrency. If you want to get more information through this link.

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QUESTION 05

"Write the advantages of Decentralized Finance in brief?"

The biggest advantage and benefit of DeFi is it allows to near the transfer of the cheaper cost and fees. By using the internet connection we trade and send the transaction in time anywhere in the world. There are a few intermediate b/w the transaction and other parties like as slice form. It also brings more benefits in the customers to investors to oversight and for financial markets. These are the more fundamental properties of blockchain techniques. It also play important role in the savings of the new opens blockchain platform in new ways.

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Conclusion

These days, cryptocurrency is outgoing and more people leave their businesses to invest from cryptocurrency to buying and especially bitcoin.

It is overcome ti additional financial applications that are decentralized send and receiving the money to it out of the country through the blockchain than a traditional system.

Blockchain mining is got by more advance to get the thousands of interested people as their momentum to establish the time cryptocurrency simply as to buy them.
Everything is a DeFi to the world of crypto that is launching in the revolution of economic in lending, exchange, and borrowing of the Cryptocurrencies.
It is involved in the 3rd party. It complete the automated the nearest that the DeFi is complete decentralized.

"Cryptoprof Mention:@mohammadfaisal"
Hopefully, that your consideration vision impressive me lot.I hope you like my lecture and give better suggestions.
"Regards:@allahnawaz03"

Good luck-Take care