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Introduction To Cryptocurrency

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Introduction To Cryptocurrency

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A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

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Introduction To Cryptocurrency

  1. 1. Introduction Crypto Currency :- • Crypto Currency simply means digital currency • A medium of exchange like normal currencies • Designed for the purpose of exchanging digital information • Exchanging process made possible by certain principles of Cryptography. • Cryptography: -Used to secure the transaction -Control the creation of new coins
  2. 2. What is Cryptocurrency ? • Digital currency or digital money is an Internet-based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership. • Cryptocurrency - A digital currency in which encryption techniques (cryptography) are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. • The first cryptocurrency to be created was Bitcoin back in 2009. Today there are hundreds of other cryptocurrencies, often referred to as Altcoins.
  3. 3. Why we use Crypto Currencies? • Specially designed to take advantage of the architecture of the internet • Transactions are checked, or “confirmed” by the computers of the users on the currency's network • Computers that verify the transactions receive a small amount of currency as a reward
  4. 4. Top 10 Cryptocurrencies 2018 :- • Bitcoin (BTC) • Ethereum (Ether) • Ripple (XRP) • Bitcoin Cash (BCH) • EOS • Cardano (ADA) • Litecoin (LTC) • Stellar (XLM) • IOTA • NEO

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