Cryptocurrencies The world of crypto is completely different and in no way similar to the fiat. It runs on digital currencies. How are these currencies regulated? Are these controlled by political bodies? Are these centralized? How safe is it to have or store these? Well, you will find the answer as you read along. For More Information http://bit.ly/2Xyozda

2. EVERYTHINGYOU
SHOULDKNOWABOUT
CRYPTOCURRENCY

3. CRYPTOCURRENCIES01
WHATISTHEORIGINOFTHE
CRYPTOCURRENCIES02
03
WHATARETHEPROPERTIESOF
CRYPTOCURRENCIES
04
THEDOUBLESPENDINGISSUE

4. The world of crypto is completely different and in no way similar to
the fiat. It runs on digital currencies. How are these currencies
regulated? Are these controlled by political bodies? Are these
centralized? How safe is it to have or store these? Well, you will find the
answer as you read along.
CRYPTOCURRENCIES

5. WHATISTHEORIGINOFTHECRYPTOCURRENCIES
Back in the year 2009, Satoshi Nakomoto found
a new type of currencies that were regulated by
math. In the early days, all the efforts to create
cryptos failed. In fact, Satoshi Nakomoto himself
did not intend to create virtual money. All he did
was try to find a decentralized cash system, just
like a decentralized peer-to-peer file sharing
system without a central authority.
This is an internet-based exchange medium where
the transaction takes place on the blockchain
ledger. This blockchain technology fuels its
decentralization, transparency, and immutable
nature.

6. It is significant to mention that the central
authorities do not control the cryptos. I.e no
regional, state, national or even international
governing bodies can claim ownership of it.
Therefore the people who hold cryptocurrencies
aren’t answerable to the government (unless it is
illegal in their region). To be even more precise, it
is immune to the old ways of government’s control
and interference.
The cryptos can be sent directly to the person
concerned without depending on the money
transfer mediums. This is possible with the private
and public keys that each person holds. When the
keys match the transaction takes place. This
avoids the huge transaction fees levied by the
companies.
ONE STEP FURTHER TO
UNDERSTANDING
CRYPTOCURRENCIES
6

7. THEDOUBLESPENDINGISSUE
In a centralized monetary system,
the single authority keeps track of all
the transfers made. However, when
it is a decentralized system, such a
ledger is missing. So how do you
manage the double-spending issue?
The nodes do it. Yes, the primary
function of the nodes is to verify the
transaction and make sure that the
money is not spent twice. The
nodes receive a certain reward for
verifying it. When the bitcoin is
spent, and the transaction takes
place, the node that verifies the
transaction sends message to the
other nodes in the same block.
Hence all the nodes now know
which bitcoin was spent and which
still remains unused.
7

8. WHATARETHEPROPERTIESOFCRYPTOCURRENCIES
IRREVERSIBLE
Once a transaction is
made, it is made. It
cannot be reversed. If
you have sent it to the
wrong person, then end
of the story. You can
expect the transaction to
be reversed at any cost.
Not even the miners/
nodes who confirm the
trade can do it.
Your real-world identity will
not be connected to the
cryptocurrencies. As said
earlier, the transaction
happens when the private
and the public keys match.
No Jack no Tom. Only a set
of thirty characters.
NOIDENTITIES

9. WHATARETHEPROPERTIESOFCRYPTOCURRENCIES
FASTANDGLOBAL
In fiat, you need to pay a huge
amount when converting one
currency to another. It is not the
same in cryptos. The fee is
negligible. Having said that, the
value of crypto is not too stable. It
is highly volatile.

10. Blockchain Firm is the right
place for anyone who wants to
develop cryptocurrencies and
excel in the crypto race. They
build flawless cryptos and provide
end-to-end cryptocurrency
development service for all the
domain.
10
WANTTO
CREATEYOUR
CRYPTOS