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Presentation on cryptocurrency

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Cryptocurrency
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Presentation on cryptocurrency

  1. 1. 1. What is cryptocurrency? 2. The Difference between real currency and cryptocurrency 3. Why use cryptocurrency? 4. Evolution 5. Categories of cryptocurrency 6. Major cryptocurrency 7. Bitcoin 8. Benefits and Risks
  2. 2. • Today cryptocurrencies have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance. • Digital currency • Decentralized system • First cryptocurrency • No. of cryptocurrencies
  3. 3. REAL CURRENCY CRYPTOCURRENCY •Money •Crypto-money •Cash payment •Online payment •Traded between nations in exchange markets which determine the relative value of different currencies. •Traded on a particular bitcoin/coin exchange using cryptography . •Unique id for every bank note / coin •Decentralized •Issued by central banks and defined by governments •Bitcoin can be issued by everyone who owns a required tool . •High security standard •High security standard
  4. 4. • Fast and cheap • Easy to use • Free to transfer and hold • Decentralized control – Users are the only owners of cryptocurrency • Central government cant take it away and there are no chargebacks • Privacy and security- anonymous payments • Due to no intermediary (such as bank or credit card company) users have freedom to transact • Transparency is maintained through public ledger system • Reduced ”FRAUD” – eliminates cases of credit card frauds
  5. 5. Year Name Description 2009 Bitcoin First Cryptocurrency and used SHA-256d has Hashing function April 2011 Namecoin Decentralized DNS October 2011 Litecoin First successful Scrypt cryptocurrency 2012 Peercoin First use of POW & POS functions Early 2014 Monero Use CryptoNote Protocol. 2G of Cryptocurrency 2015 Capricoin Improved and more user
  6. 6. Cryptocurrencies – Differentiation (Top 10) Different Types of Algorithms (Security etc.) PeerCoin Quark Bitcoin PrimeCoin Proto Shares Different Usage NameCoin Speed Of Transaction WorldCoin LiteCoin Type Of Community Feathercoin MegaCoin Investor Involvement ?!?!
  7. 7. MAJOR CRYPTOCURRENCY Bitcoin Litecoin Ripple Peercoin Mastercoin NXT Namecoin Quarkcoin Worldcoin Megacoin
  8. 8. • First decentralized peer to peer payment network powered by its users(No central authority involved) • Payments recorded in public ledger using units of currency “BTC”. • 1 BTC = 1,00,00,000 Satoshi • 21million Bitcoin’s will be created or mined until 2140 hence it is protected from inflation. • Completely Open Source.
  9. 9. • Fast, Safe and cheap • Ease of use and highly portable • Untraceable • Transparent and neutral • Decentralized nature • Active involvement of users • Fewer risks of merchants • Freedom of transact • Low inflation and collapse risk
  10. 10. • Problems in implementation • Hardware restrictions • Instability • Deflation • Lack of replicability • Cost • Lack of awareness and understanding • Still developing
  11. 11. • https://www.slideshare.net/sameer-satyam/cryptocurrency- digital-currency-72381354 • https://steemit.com/bitcoin/@jerrybanfield/top-10- cryptocurrency-questions-and-answers
  12. 12. Dhruv Gandhi Gokul Nair Savan Trada Sonali Bagia Taruna Chelani

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