Introduction to the Digital World

If I say that the 21st century is a Digital World then I might not be wrong. Today's world is full of digital things from little electronic gadgets to untouchable currencies like a cryptocurrency that is valued in crores.

The Earning Platforms: 

If we talk about the digital world then it would be wrong not to talk about earning fields it provides like cryptocurrency, online trading, article writing, content creation, and many more, the fever of which has been spread all over the world.

Crypto Currency

Crypto Currency is a digital currency in which records are maintained by a decentralized system using Cryptography. The decentralized cryptocurrency involves Bitcoin, Pi, Doge, and so on. 

In today's world, there are many online platforms which provide the share market of cryptocurrency in which people invest in coins as per their choice and as the share rises or lowers they sell their share and accordingly get the profit or loss. However, the share market is at the highest risk if people invest without having proper knowledge. Some of the platforms involve CoinDCX, WazirX, ZebPay, Unocoin, CoinSwitch, BuyUcoin and so on. These are some renowned platforms of crypto in India. However, some international platforms involve Binance, Huobi, Gemini, etc. These are some international exchanges of the crypto world. 

How does it work? 

The share price of different crypto coins fluctuates hour by hour and day by day. The simplest way is that people usually buy a share of the Crypto coin of their choice when the price is low. They then sell their share as the price started rising and get their profit accordingly. However, it involves greater risk as it is possible that the price of the purchased shares becomes less than before, in that case, the individual may suffer a greater loss. 

Online Trading 

Online trading is also a digital earning platform in which people trade according to the investment they can make. Online trading is quite different from the crypto share market, the main difference is that in trading people trade for goods and services. In today's world, Online trading is ranked number one in terms of online earning platforms which is guided by SEBI (Securities and Exchange Board of India) in India. The most trusted platform for trading in India is NIFTY and BANKNIFTY. However, there are also some other genuine platforms involving OctaFX. The companies and banks which are registered by National Stock Exchange and Bombay Stock Exchange only are involved in online trading.   

Online trading has become easy now. In the past, people were supposed to go to the broker and then ask for their share for their investment and then wait for the price of the share to rise so that they can sell their share. However, now it has become easy with the introduction of the internet and mobile phone or laptop people can invest in the stock market from anywhere anytime. 

In online trading also, people buy some share of a particular product when its price is low. As the trade goes on, the more number of people buy that product, the price of the share increases after which people sell their purchased trade and enjoy the profit. However, it involves greater risk as the price of the purchased share may fall than its usual price and investor may suffer a great loss.

One main agenda is that "Some people definitely face losses then only the others enjoy the profits".

Content Creation

The other platform for online earning includes the world of content creation. The digital world provides a number of platforms for content creation like google provides the platform for blogging, and writing articles whereas youtube for vlogging, entertainment videos, and many more. 

People choose the field of their interest and create their own content regarding their field. In article writing also, there are many fields like articles for education, food and health, traveling, entertainment, news, sports, extra knowledge, and many more. For vlogging also, there are many fields like food vlogger, travel vlogger, educational purpose videos, and many more. People complete their work and get paid by the authority like Google, Youtube, Instagram, or any other site they use according to the number of views they get on their content. Nowadays, there are many social media influencers also who promote the brands and get paid for that. 

Other advantages of the digital world

Apart from the earning platform, the digital world also provides some other basic services which make our lives easier and more efficient. 

The most important service it provides we can say is educational services. Earlier students were facing several problems in studying, they could not get their topics done if they missed any classes. They only had the option of a tutor. But now with the introduction of the digital world students can get access to world-class teachers anytime from anywhere. It has made studying so easy and practical. Being practical with the introduction of smart classes, 3D classes, and so on. 

Other than academics, students can also learn the different arts and curricular activities with the help of social media completely free and according to their convenience anytime and geographically from anywhere in the world provided that the place has good internet access.  

Other than this, it also provides different social media for connecting with the world and for entertainment purposes. 

Demerits of the Digital World

Though, the digital world provides a number of services which made our lives easier. Still, it has some demerits which cannot be ignored:

• It has deprived the people of connecting unofficially. 
• There are also many fraudulent activities that are being performed digitally which harm the economy of an individual as well. 
• Online earning has a greater risk of loss of huge amounts. 
• It provides various adult sites like pornography which harms the moral values of teenagers and youth.
• It consumes the time of students on social media.