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What is Cryptocurrency?
What is Cryptocurrency?
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Cryptocurrency

  1. 1. Seminar on Crypto-Currency Presented by Sarvesh Kumar Meena M.Tech-CSE
  2. 2. Content  Introduction  What is the purpose of Crypto Currency?  Mining  How do Crypto Currencies work?  Top 10 Crypto Currencies in 2016  How to buy Crypto Currency?  Crypto Currency wallet
  3. 3. Content….  Benefits of Crypto Currency Conclusion Reference
  4. 4. Introduction
  5. 5. The first crypto-currency to capture the public imagination was Bit-coin, which was launched in 2009 by Satoshi Nakamoto.
  6. 6. What is the purpose of Crypto currency? Cryptography is used to secure the transactions and to control the creation of new coins.
  7. 7. Mining • Mining programs tap into your computer's hardware resources and put them to work mining Bit-coin, Litecoin, or another type of crypto-currency. • And no, even if your hardware is used to generate money for them, you don't get any of it. • They get all the money from putting your hardware to work
  8. 8. How do crypto-currencies work? • Crypto-currency is an encrypted decentralized digital currency transferred between peers and confirmed in a public ledger via a process known as mining
  9. 9. Top 10 Crypto Currencies in 2016  Bit-coin (2009)  Black-Coin (2014)  Dash(2015)  Doge-coin (2013)  Lite-coin (2011)  Name-coin (2011)  Nxt (2013)  Peer-coin (2012)  Prime-coin (2013)  Ripple(2013)
  10. 10. How to buy crypto currency? (Where can I buy crypto-currency?) • Crypto-currencies are assets created digitally following specific rules and can be exchanged among users just like any other currency. • This function is mainly done through an exchange or a broker.
  11. 11. Crypto-Currency wallet A crypto-currency wallet is a secure digital wallet used to store, send, and receive digital currency like Bit-coin. Most coins have an official wallet or a few officially recommended third party wallets .
  12. 12. Differences between Crypto Currency and PayPal Crypto Currency PayPal Decentralized Not Decentralized Floated and not tied to the dollar Pegged to the dollar Behavior is backed military grade cryptography, not by contracts Behavior is backed by a contracts relationship with a corporation
  13. 13. Benefits of Crypto Currency • Easy to carry. • Simple, Fast & Safe. • Low inflation & Collapse Risk. • Untraceable. • Access to Everyone. • Decentralization Nature.
  14. 14. Conclusion & Future Work This is mostly due to the fact that it is still a relatively young and new currency. In order for Crypto-currency to succeed, more people need to understand what it is.
  15. 15. Reference  www.investopedia.com/terms/c/cryptocurrency.asp  https://en.wikipedia.org/wiki/Cryptocurrency  https://www.slideshare.net  https://coinmarketcap.com/  www.cryptoinbox.com  www.atccoin.com  https://www.bitcoin.com

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