Full details of cryptocurrency.pptx
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History of Bitcoin, investing the Bitcoin, working process of Bitcoin
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Full details of cryptocurrency.pptx
- 2. What is Cryptocurrency ? Normal currencies Vs Cryptocurrencies What is Bitcoin ? How it works without the control of external authority ? CONTENTS
- 3. What is Cryptocurrency ? A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. Examples like Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin etc.
- 4. Government controls the value of currency. Technical issue or some server problem. Limit for transactions. Cryptocurrencies are fully decentralized. No technical issue. No limit for transactions in cryptocurrency. Normal currency : Cryptocurrency :
- 5. First decentralized payment network 31st October in 2008. “Satoshi Nakamoto”. Mining. Blockchain. What is Bitcoin ?
- 6. How it works without the control of external authority ? Bitcoin works on block chain technology. There is a process called Mining process. Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. The purpose of the blockchain is to share information amongst all parties that access it via an application.
- 8. Thank you Presentation done by A Venkata Sai VU22LAWS0200036