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

The burgeoning prevalence of digital

currencies

in contemporary times has been striking.

This

essay explores the catalysts propelling the ascent of virtual

currencies

and asserts that

this

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

Firstly

, digital

currencies

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

This

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

currencies

, has facilitated frictionless and economical remittance transfers for migrant

laborers

Change the spelling

labourers

show examples

Additionally

, 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

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

Nevertheless

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

currencies

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

Change the spelling

imperilling

show examples

the financial well-being of individuals.

Moreover

, 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

, recent crypto market crashes have underscored the susceptibility of online

currencies

to extreme volatility. In conclusion, the ascendancy of online

currencies

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

however

, the

specter

Change the spelling

spectre

show examples

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

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

4 paragraphs

262 words

6.50

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

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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

The older generations tend to have very traditional ideas about how people should live, think and behave. However, some people believe that these ideas are not helpful in preparing younger generations for modern life. To what extent do you agree or disagree with this view?

Some people who have been in prison become good citizens later, and it is often argued that these are the best people to talk to teenagers about the dangers of committing a crime. To what extent do you agree or disagree?

.Nowadays, people always throw old things and have new things. What factors cause this phenomenon? What effect does this phenomenon lead to?

Many countries use fossil fuels (coal, oil, natural gas) as the main source of energy. However, in some countries the use of the alternative sources of energy (wind energy and solar energy) is encouraged. To what extent do you agree or disagree with this development?