Online currencies have become more common in recent years. Why is this? Is this a positive or negative development? Give reasons for your answer and include any relev

#currencies #years #development #relev

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The burgeoning prevalence of digital

currencies

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in contemporary times has been striking.

This

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essay explores the catalysts propelling the ascent of virtual

currencies

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and asserts that

this

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trend constitutes an adverse progression, precipitating a surge in cybercrimes and financial instability.

Firstly

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, digital

currencies

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surpass geographical frontiers, facilitating immediate cross-border transactions devoid of traditional financial institution intermediation.

This

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enhances global trade efficiency, rendering it swifter and more economical. Blockchain technology, known as the cornerstone of numerous digital

currencies

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, has facilitated frictionless and economical remittance transfers for migrant

laborers

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labourers

show examples

Additionally

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, by bolstering accessibility, it empowers individuals excluded from traditional banking systems to partake in economic activities, thereby mitigating financial exclusion and enriching global economic integration.

For instance

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, cryptocurrencies like Bitcoin have facilitated microtransactions in regions where conventional banking services are constrained.

Nevertheless

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, one prominent concern is the potential for increased cybercrimes and fraud. To brief, the ethereal essence of these

currencies

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and the cloak of anonymity they provide may entice nefarious entities bent on exploiting vulnerabilities inherent in online platforms. Occurrences of hacking, phishing, and identity theft have progressively proliferated,

imperiling

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imperilling

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the financial well-being of individuals.

Moreover

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, the abrupt and unpredictable fluctuations in cryptocurrency valuations can result in monetary setbacks for individuals lacking adeptness in the nuances of the digital market.

For example

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, recent crypto market crashes have underscored the susceptibility of online

currencies

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to extreme volatility. In conclusion, the ascendancy of online

currencies

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is propelled by their capacity to augment accessibility and rise above spatial confines;

however

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, the

specter

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spectre

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of cyber malfeasance and market volatility necessitates careful consideration, rendering it an inimical trend.

Submitted by ashissarker18 on Thu Nov 23 2023

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Task Achievement

Ensure that the introduction clearly outlines the two main questions being discussed to directly address the task. While the argument is present, some areas might benefit from a sharper focus on the specific prompts given.

Task Achievement

While the essay showcases clear main points and relevant examples, providing clearer, more specific examples relevant to the prompts' questions would improve the essay's effectiveness.

Coherence and Cohesion

The essay is well-structured and paragraphs are well-developed, but can benefit from more varied connectives and transitional phrases to enhance the reader's ability to follow the argument seamlessly.

Coherence and Cohesion

Stick tightly to the essay prompts and ensure that all parts of the prompts are covered equally to maintain coherence and provide a balanced response.

Your opinion

Don’t put your opinion unless you are asked to give it.

If the question asks what you think, you MUST give your opinion to get a good score.

Don’t leave your opinion until the conclusion.

Here are examples of instructions that require you to give your opinion:

...do you agree or disagree?...do you think...?...your opinion...?

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8
Linking words
meeting the goal of 7 or more
1
Word repetition
meeting the goal of 3 or fewer
3
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 6.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 6.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 7.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

262 words

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Online currencies have become more common in recent years. Why is this? Is this a positive or negative development? Give reasons for your answer and include any relev

Your opinion

Some people think that family has the most powerful influence on a child’s development, while others think that other factors such as television, friend, music have the biggest effects. Discuss both views and give your opinion?

Summarise the information by selecting and reporting the main features, and make comparisons where relevant.

According to observations, some animal species have become extinct or endangered in recent decades. What are reasons behind this tendency?What effects it may have on ecosystem in general?

Buying things on the Internet, such as books, air tickets and groceries, is becoming more and more popular. Do the advantages of shopping in this way outweigh the disadvantages? Give reasons for your answer and include any relevant examples from your own knowledge or experience.