Online currencies have become more common in recent years. Why is this? Is this a positive or negative development?
There is no denying fact that the phenomenon of digital currency is ubiquitous across the globe due to its paramount important. One school of thought opine that it is beneficial however others consider that a couple of problems occur because of the same. Although it has plethora of merits, yet numerous demerits are also there which will be elaborated in upcoming paragraphs.
Initiating with best possible benefits, the most significant advantage is that transaction through online is convenient and comfortable for everyone along with that financial institutions could have reduce the cost of service and would be able to provide better facilities to their customers. To cite an example, student who study in Germany gets his money for tuition fees and hostel fees from their parents who are sitting in their home country either in India or somewhere else through VISA and Master Card. As a result, no one would not worry about any financial emergencies.
On the paradoxical side, there are many draw backs as well, first and foremost is reliability and security of transactions. For instance, money will go the wrong hands when we do dealings through un authenticated or unsecured channels, secondly peoples those who do not know well about the usage of smartphone or internet connected devices will be fooled by third parties or fraudulent people. To mitigate this concern, public will be educated and central banks and other financial institution will provide awareness to the customers and well-wishers. In addition to this, Government should oversight and punish the financial institutions those who violate the rules and regulations.
To conclude, without any doubt, this is a mixed bag and this topic has many positives thus negatives may not under estimated and safety and security of people’s money will be important.
Grammar and spelling errors:
Line 2, column 12, Rule ID: THE_SUPERLATIVE[4]
Message: A determiner is probably missing here: 'with the best'.
Suggestion: with the best
...ted in upcoming paragraphs. Initiating with best possible benefits, the most significant...
^^^^^^^^^
Line 2, column 200, Rule ID: HAVE_PART_AGREEMENT[1]
Message: Use past participle here: 'reduced'.
Suggestion: reduced
... that financial institutions could have reduce the cost of service and would be able t...
^^^^^^
Line 4, column 187, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...ty of people’s money will be important.
^^^^^
Transition Words or Phrases used:
also, first, however, if, may, second, secondly, so, then, third, thus, well, for instance, in addition, as a result
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 15.0 13.1623246493 114% => OK
Auxiliary verbs: 11.0 7.85571142285 140% => OK
Conjunction : 19.0 10.4138276553 182% => OK
Relative clauses : 11.0 7.30460921844 151% => OK
Pronoun: 19.0 24.0651302605 79% => OK
Preposition: 34.0 41.998997996 81% => OK
Nominalization: 6.0 8.3376753507 72% => OK
Performance on vocabulary words:
No of characters: 1541.0 1615.20841683 95% => OK
No of words: 294.0 315.596192385 93% => More content wanted.
Chars per words: 5.24149659864 5.12529762239 102% => OK
Fourth root words length: 4.14082457966 4.20363070211 99% => OK
Word Length SD: 2.82278704589 2.80592935109 101% => OK
Unique words: 189.0 176.041082164 107% => OK
Unique words percentage: 0.642857142857 0.561755894193 114% => OK
syllable_count: 491.4 506.74238477 97% => OK
avg_syllables_per_word: 1.7 1.60771543086 106% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 1.0 5.43587174349 18% => OK
Article: 1.0 2.52805611222 40% => OK
Subordination: 2.0 2.10420841683 95% => OK
Conjunction: 1.0 0.809619238477 124% => OK
Preposition: 6.0 4.76152304609 126% => OK
Performance on sentences:
How many sentences: 11.0 16.0721442886 68% => Need more sentences. Double check the format of sentences, make sure there is a space between two sentences, or have enough periods. And also check the lengths of sentences, maybe they are too long.
Sentence length: 26.0 20.2975951904 128% => The Avg. Sentence Length is relatively long.
Sentence length SD: 65.6617931097 49.4020404114 133% => OK
Chars per sentence: 140.090909091 106.682146367 131% => OK
Words per sentence: 26.7272727273 20.7667163134 129% => OK
Discourse Markers: 10.5454545455 7.06120827912 149% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 3.0 5.01903807615 60% => OK
Sentences with positive sentiment : 6.0 8.67935871743 69% => OK
Sentences with negative sentiment : 3.0 3.9879759519 75% => OK
Sentences with neutral sentiment: 2.0 3.4128256513 59% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.102948620336 0.244688304435 42% => OK
Sentence topic coherence: 0.036245062663 0.084324248473 43% => OK
Sentence topic coherence SD: 0.0527799943845 0.0667982634062 79% => OK
Paragraph topic coherence: 0.0698328990929 0.151304729494 46% => OK
Paragraph topic coherence SD: 0.0642096479911 0.056905535591 113% => OK
Essay readability:
automated_readability_index: 16.6 13.0946893788 127% => OK
flesch_reading_ease: 36.63 50.2224549098 73% => OK
smog_index: 11.2 7.44779559118 150% => OK
flesch_kincaid_grade: 14.6 11.3001002004 129% => OK
coleman_liau_index: 13.41 12.4159519038 108% => OK
dale_chall_readability_score: 9.71 8.58950901804 113% => OK
difficult_words: 89.0 78.4519038076 113% => OK
linsear_write_formula: 15.0 9.78957915832 153% => OK
gunning_fog: 12.4 10.1190380762 123% => OK
text_standard: 15.0 10.7795591182 139% => OK
What are above readability scores?
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Rates: 89.8876404494 out of 100
Scores by essay e-grader: 8.0 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.