It is based on bitcoins.the details of the cryptocurrency are given elaborately.

1. CRYPTOCURRENCY
PRESENTEDBY:
SRIDINESH.R
KARTHIK.C

2. WHAT IS CRYPTO CURRENCY?
2

3. CONTENT
•WHAT IS CRYPTOGRAPHY
•CONVENTIONAL VS DIGITAL CURRENCY
•WHY USE CRYPTOCURRENCY
•MINING
•RISK
•TYPES OF CRYPTO CURRENCIES
•BITCOIN
•CONCLUSION

4. WHAT IS
CRYPTOCURRENCY?
•Digital currency
•Designed for exchanging digital information
•Exchanging process by principles of
cryptography.
•Cryptography-secure the transaction
-control the creation of new
coins.

5. CONVENTIONALVS DIGITAL
CURRENCY

6. WHY USE
CRYPTOCURRENCY?

7. MINING
1) Process of adding transaction records to public ledger of
passed transaction or blockchain.
2) The block chain serves to confirm transaction to the rest of
the network as having takes place.
3) Use the block chain to distinguish legitimate transaction
from attempts to re-spend coins that have already been spent
else where.

8. RISKS
•Hackers.Cryptocurrenciesare targets for highly sophisticated hackers,
who havebeenable to breachadvancedsecuritysystems.
•Fewerprotections.If you trust someone elseto hold your cryptocurrencies
and something goeswrong, that companymaynot offer you the kind of
help you expect from abank or debit or credit cardprovider.
•Cost.Cryptocurrenciescancostconsumersmuch more to usethan credit
cardsor evenregular cash,often due to pricevolatility.
•Scams.Fraudsters aretaking advantage of the hypesurrounding virtual
currencies to cheat people withfakeopportunities.
•Lackof Transparency.Theanonymous nature of cryptocurrencies make
transparency and accountability difficult for consumersseeking toensure the
safety of their investments.

9. TYPESOF
CRYPTOCURRENCY

10. EXAMPLE:BITCOIN
• Itisboththecryptocurrencyandtheelectronicpaymentsystem.
• SatoshiNakamoto in 2008
• First decentralised payment network
• System is peer-to-peer
• 21million bitcoins
• Completely Opensource
• 1BTC=$8500.08
A bitcoin is divisible to the eighth decimal. The smallest
portion of Bitcoin has its own name: satoshi, whereas 1
BTC = 10^8 satoshis = 100,000,000 satoshis

11. BITCOIN
TECHNOLOGY

12. BITCOIN WALLET
 Install bitcoin wallet on pc
 Generates the bit coin address.
 Transfer may occur through this bitcoin
address.
This is similar to the email technology.

13. BLOCK CHAIN
• It is an open sources.
• It is the huge global ledger, that can record
• Transaction between two parties.
• Continuously growing list of records called blocks.
• Contains the cryptographic hash of the previous block.
• It is managed by the peer-to-peer process.
• It is a alternative to traditional banking.
• Used to eliminate the third parties.

14. CONCLUSION
•Block chain is relatively new technologyin the internet.
•It has very desirable characteristics in an internet service.
•It has also a wide range of applications with great implications on internet
services.
•However it has also challenges like scalability and privacy etc

15. Thank you all
Any queries???