This presentation discusses electronic currency and different types of cryptocurrencies such as Bitcoin, Litecoin, Peercoin, and Namecoin. It defines these currencies and explains how they use encryption techniques to regulate currency generation and transfer funds without a central bank. The presentation also outlines advantages of Bitcoin such as freedom in payment, control/security, and low fees, but also notes disadvantages like lack of awareness, risk/volatility, and being still in development.
2. Electronic currency means
money which were provided in advance by one
party to other party, while the latter keeps
the record of the amount provided without
opening a bank account in order to perform
monetary obligations of the party who provided
the money towards third parties with the use
of electronic means of payment only.
3. Types of crypto currencies
Bit coin
Lite coin
Pp coin
name coin
4. Definition of bit coin and lite coin
a type of digital currency in which encryption techniques are
used to regulate the generation of units of currency and verify
the transfer of funds, operating independently of a central
bank.
is a peer to peer crypto currency and open source software
project released under the MIT/X11 license Inspired by and
technically nearly identical to bit coin (BTC), Lite coin creation
and transfer is based on an open source protocol and is not
managed by any central authority.
5. Definition of pp coin and name coin
Peer to peer coin is an alternative cryptocurrency launched in
August 2012 and is based on the Bit coin framework. Peer
coin is also referred to as Pp coin, peer to peer coin and p2p
coin.
name coin (NMC) is an open-source peer-to-peer system and
cryptocurrency which also acts as an alternative decentralized
DNS and a decentralized identity storage system.
6. Bit coin advantages
Freedom in Payment
Control and Security
Information is Transparent
Very Low Fees
Fewer Risks for Merchants
7. Bit coin dis advantages
Lack of Awareness & Understanding
Risk and Volatility
Still Developing
8. conclusion
There are always pros and cons to any situation in life. To be
able to make a good decision, you need to weigh the good
and bad thoroughly before finalizing your choice. Do the
same for Bit coin. Understand what it is, and decide what you
want to do with it. We, at Coin report give you the facts; you
are the ones who make your decision.