2. CONTENTS
• What is Cryptocurrency?
• Top 10 Cryptocurrency
• What is Bitcoin?
• Genesis Story
• Features of Bitcoin
• How to obtain Bitcoins?
• Advantage of Bitcoin
• Various Comparisons
• Legality of Bitcoin
• Companies which accept Bitcoin
• Fastest growing investment in cryptocurrency
• Summery
3. CRYPTOCURRENCY
• A digital currency or digital money is a internet based medium of exchange distinct
from physical money that exhibits properties similar to physical currencies.
• Cryptocurrency is a digital currency in which encryption techniques are used to
regulate the generation of units of currency and verify the transfer of funds.
• The cryptocurrency to be created was Bitcoin.
5. BITCOIN
• Bitcoin is the original and most popular decentralized digital currency it’s used by all
types of people on every continent.
• Think of Bitcoin a Digital cash you send or receive through the internet, Unlike
tradition payments, Bitcoin are sent from one person to another without going
through banks or other middle men.
• Your Bitcoins are controlled by you and you alone, No one can ever prevent you from
sending or receiving Bitcoin.
• Bitcoin network is always on and working at full capacity regardless of time or date.
6. GENESIS STORY
• The original version of Bitcoin-QT program was apparently written and published by a
person going by the name SATOSHI NAKAMOTO.
• Sone time after starting up the software, Mr. NAKAMOTO stopped communicating
with the developers who took over the project.
• No body knows who SATOSHI really is.
• SATOSHI owns nearly 1Million bitcoins.
• He delivered the Bitcoin software with some incredibly insightful design decision, but
has so far declined to take credit.
• The software is OpenSource and royalty free.
7. FEATURES OF BITCOIN
• Fast transaction
• Low-cost transaction
• Minimum value is 0.000001 BTC
• No third party required
• Uncontrollable(Decentralized)
• Irreversible trades
• Widely accepted as a Currency
8. HOW TO OBTAIN BITCOIN
• Earn Bitcoins from Mining
• Earn Bitcoins from accepting them as a means of payment
• Earn through trading
• Earn Bitcoins from interest payments
• Other various ways(Donation, completing task on websites……)
10. ADVANTAGES OF BITCOIN
• Simple, Safe and Cheap
• Easy to carry around
• Payment Freedom
• Security and Control
• Transparent transaction
11. COMPARISONS
Rupees Bitcoin
Controlled by Government Controlled by Users
Accepted in India Internationally valid
Supply Controlled by RBI Fixed number issued (21 Million approx..)
Easy to steal by muggers Hard to steal by muggers
Hard to steal by hackers Easier to steal by hackers
Used for Crimes Used for Crimes
12. COMPARISONS
Gold Bitcoins
Internationally Accepted Internationally Accepted
Supply controlled by miners Supply is fixed (21 Million approx..)
Difficult to use for transactions Easy to use for transactions
Easy to steal Hard to steal
Hard to steal by hackers Easy to steal by hackers
Difficult/Expensive to store Easy to store
It can be refundable It cannot be refundable