Cryptocurrency is just a digital assets which is based on blockchain technology and cryptography for any kind of digital transaction. Cryptocurrency is a technological achievement but it is not in fully successful stage, it is in the developing stage. in this slide, I am just focusing about what is cryptocurrency and how it works, that means how to buy, store, send and receive it and also I am discussing about the benefits and risks of the crypto currency.

1. CRYPTOCURRENCY
Hemon Dey
MBA, 4th Sem

2. Cryptocurrency?

3. History of Cryptocurrency
In October 2011, Litecoin was released.
Bitcoin, was created in 2009 by Satoshi Nakamoto
Nick Szabo described bit gold, like bitcoin and other crypto currencies that would follow it, bit gold
In 1998, Wei Dai published a description of "b-money"
in 1995, he implemented it through Digicash
In 1983, David Chaum conceived a cryptographic electronic money, e-cash

4. Conventional vs. Digital Currency
Basis of comparison Conventional Currency Digital Currency
Type Real Virtual
Portability Yes (except heavy cash) Highly portable
Acceptance National Global
Secure Moderate High
Decentralized No (controlled by bank) Yes (controlled by complex math)
Smart
(Programmable)
No Yes

5. The various types of Cryptocurrency
Name Market Price on 2019 (USD)
Bitcoin (BTC) 4131.79
Litecoin (LTC) 60.19
Ethereum (ETH) 140.96
Bitcoin Cash 166.80
Ripple (XRP) 0.313

6. Buying of Cryptocurrency
Crypto-currencies are assets created digitally following specific rules and can be
exchanged among users just like any other currency.
•In order to acquire crypto assets, the equivalent of a currency exchange
(Coinbase, Coinmama, Bitpanda, Cex.io, Kraken, Bitstamp etc.) is needed.
•This function is mainly done through an exchange or a broker.
•To store, send & receive digital currency like Bitcoin, you must have an
official wallet or any third party wallet.

7. How Bitcoin works?

8. Cont………
Bittrex
Exchange of Cryptocurrency to
Offline Currency

11. Send coins to an address
To send Cryptocurrency, an address will provided by the recipient.
Copy & paste Cryptocurrency address which is long string consisting of numbers
& letters
OR
Scan a QR code, which is pointing to the same address as the code (the coin base
app has the QR scanner)

14. Benefits of Cryptocurrency currency

15. Risks of Cryptocurrency
• Hackers:
Cryptocurrencies are targets for highly sophisticated hackers, who have been
able to breach advanced security systems.
• Cost:
Cryptocurrencies can cost consumers much more to use than credit cards or
even regular cash, often due to price volatility.
• Scams:
Fraudsters are taking advantage of the hype surrounding virtual currencies to
cheat people with fake opportunities.

16. Conclusion
Cryptocurrency is an impressive technical achievement, but it remains a
monetary experiment. Even if cryptocurrencies survive, they may not fully
displace conventional currencies. As I have tried to show in this presentation,
they provide an interesting new perspective from transfer of money, benefits &
risks of this digital currency.