project on crypto currency

1. ITT
BATCH
120
Name : Tushar Bansal
Registration Id : CRO0689798
Roll Number : 32
Project Topic : Crypto Currency

2. INDEX
1. Cryptocurrency
2. What is a Cryptocurrency ?
3. History of Cryptocurrency & Bitcoin
4. Advantages of Cryptocurrency
5. Disadvantages of Cryptocurrency
6. Cryptocurrencies Examples
7. Market Cap of Top Cryptocurrencies
8. How Crypto Works ?
9. Crypto Mining
10. What is a Blockchain ?
11. GPU price rise
12. Cryptocurrency Storage
13. Crypto vs Normal Currency
14. The Future of Cryptocurrency
15. Is Cryptocurrency a Good Investment ?
16. Conclusion
17. Bibliography

3. Crypto currency
A Digital Currency

4. History of Crypto Currency & Bitcoin
In 2009, the first
decentralized cryptocurrency,
Bitcoin, was created by
developer Satoshi Nakamoto.
June 2021, El Salvador became the
first country to accept Bitcoin
as legal tender
In September 2021, the government of China, the
single largest market for cryptocurrency, declared
all cryptocurrency transactions illegal, completing
a crackdown on cryptocurrency that had
previously banned the operation of
intermediaries and miners within China.

5. Advantages of Cryptocurrency
Protection from inflation
Self-governed and managed
Secure and private
Currency exchanges can be done easily
Decentralized
Cost-effective mode of transaction
A fast way to transfer funds

6. Disadvantages of Cryptocurrency
Price volatility and lack of
inherent value
Cybersecurity issues
Regulations
Can be used for illegal
transactions
Adverse Effects of mining on
the environment
No refund or cancellation
policy
Cryptocurrencies are not
accepted everywhere

7. CRYPTOCURRENCY
EXAMPLES
Bitcoin
Ethereum
Binance Coin
XRP
Cardano
Avalanche
Solana
Vechain
Dogecoin

8. Market Cap
of Top
Crypto
Currencies
Bitcoin
: $381,980,407,308
Ethereum
: $133,191,991,408
XRP
: $15,403,241,259
Tether
: $67,929,589,284
BNB :
34,814,566,630

9. How Crypto works ?
• Cryptocurrencies run on a distributed public ledger called blockchain, a record of
all transactions updated and held by currency holders. If you own cryptocurrency,
you don’t own anything tangible. What you own is a key that allows you to move
a record or a unit of measure from one person to another without a trusted third
party.
• Transactions including bonds, stocks, and other financial assets could eventually
be traded using the technology.

10. Crypto Mining
• The method by which Bitcoin and other
cryptocurrencies are generated and the
transactions involving new coins are
verified is known as mining.
• Anyone with a competent home
computer could mine cryptocurrencies a
decade ago. However, as the blockchain
has grown, so has the processing power
necessary to keep it running.
• Computers on the network are rewarded
with fresh coins in exchange for
contributing their processing power. It's
a virtuous circle: miners keep the
blockchain secure, the blockchain
rewards coins, and the coins incentivise
miners to keep the network secure.

11. What is
blockchain ?
Blockchain is a system of recording information in a way
that makes it difficult or impossible to change, hack, or
cheat the system. A blockchain is essentially a digital ledger
of transactions that is duplicated and distributed across the
entire network of computer systems on the blockchain.
Blockchain is a type of DLT in which transactions are
recorded with an immutable cryptographic signature called
a hash.

12. GPU PRICE
RISE
• An increase in cryptocurrency mining increased
the demand for graphic cards (GPU) in 2017.
• Miners regularly buy up the entire stock of new
GPU's as soon as they are available.
• Nvidia has asked retailers to do what they can
when it comes to selling GPUs to gamers instead of
miners. "Gamers come first for Nvidia," said Boris
Böhles, PR manager for Nvidia.

13. CRYPTOCURRENCY STORAGE ?
Just the way we keep
cash or cards in a
physical wallet, bitcoins
are also stored in a
wallet a digital wallet.
The digital wallet can be
hardware-based or web-
based. The wallet can
also reside on a mobile
device, on a computer
desktop, or kept safe by
printing the private keys
and addresses used for
access on paper.
There are two type of
wallets – 1. Cold wallets
2. Hot wallets
Hot wallets refer to
crypto storage that uses
online software to
protect the private keys
to your assets.
Cold wallet storage:
Unlike hot wallets, cold
wallets (also known as
hardware wallets) rely
on offline electronic
devices to securely store
your private keys.

14. CRYPTO VS NORMAL CURRENCY
1) Cryptocurrency follows a
transparent procedure right
from mining to ownership to
transfer of crypto assets. In
case of digital currency, it
would be the Reserve Bank
in India or Fed in the US
along with the government,
banks and other
middlemen, all of whom
would have to come
together to set the value of
the currency in question.
2) Digital currency is usually
stable and also relatively
easy to manage, thanks to
having wider acceptance in
the global market. CRYPTO
IS VERY UNSTABLE. The
price volatility of
cryptocurrencies is the
aspect that hampers its
stability.

15. The Future of
Cryptocurrency
The world is clearly divided when it comes to
cryptocurrencies. On one side are supporters
such as Bill Gates, Al Gore and Richard Branson,
who say that cryptocurrencies are better than
regular currencies. On the other side are people
such as Warren Buffet, Paul Krugman, and Robert
Shiller, who are against it.
Futurists believe that by the year 2030,
cryptocurrencies will occupy 25 percent of
national currencies, which means a significant
chunk of the world would start believing in
cryptocurrency as a mode of transaction.

16. Is Cryptocurrency A Good Investment ?
Cryptocurrency is a good
investment if you want to
gain direct exposure to the
demand for digital
currency. A safer but
potentially less lucrative
alternative is buying the
stocks of companies with
exposure to
cryptocurrency.

17. Conclusion
Cryptocurrency is an impressive
technical achievement, but it
remains a monetary experiment.
Even if cryptocurrencies survive,
they may/not fully displace fiat
currencies.
To neglect the idea of
Cryptocurrencies on a
decentralized network today is like
neglecting the idea of Internet and
the Hypertext Transfer Protocol
(http) back in the early nineties.

18. Bibliography
• www.Wikipedia.org
• www.Kaspersky.com
• www.Investopedia.com
• www.businesstoday.in
• www.ndtv.com
• www.Euromoney.com
• www.simplilearn.com
• www.aplustopper.com