This PPT gives more information about cryptography, cryptocurrency The Cash with Wings .It introduces to digital currency exchange also compares with the Indian rupee .
This is one of the trending concept and many researchers are working on it to emerge cryptocurrency to the next generation
2. Contents :
$ What Is Crypto Currency ?
$ Ideas Of Crypto Currency
$ Why We Use ?
$ Mining
$ Characteristics
$ Difference Between Crypto Currency & PayPal
$ Advantages
$ Disadvantages
3. What Is Crypto Currency ?
A crypto currency is a digital asset designed to work as a
medium of exchange.
It is a currency associated with the internet that uses
cryptography.
It has evolved in the digital era with elements of
mathematical theory and computer science to become a
way to secure communications, information and money
online.
It is not issued by any central authority, rendering it
theoretically immune to government interference or
manipulation.
4. Ideas Of Crypto Currency :
• Bitcoin may be the TCP/IP of money.
• I do think Bitcoin is the first money that has the
potential to do something like change the world.
• Bitcoins will do to the banks what email did to
postal industry.
• Bitcoin actually has tha balance and incentive
rights, and that is why it is starting to take off.
5. Why we use Crypto Currency
It is a step in the right direction for global trade where
everyone can be involved.
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.
People who understands this technology or people who can
get a clear picture how it works can easily see the benefits for
mankind.
Hurrah !! It’s the people money.
6.
7. Mining :
Process of adding transaction records to public ledger of
past transactions or block-chain.
In fact, they have to find a hash – a product of a
cryptographic function – that connects the new block
with its predecessor. This is called the Proof-Of-Work.
This may include both hardware and software
mechanisms.
A proof of work is a piece of data which was difficult
(costly, time-consuming) to produce so as to satisfy
certain requirements.
8.
9. Characteristics :
Bitcoin acts as a comodity same as gold or silver.
Bitcoin makes a possibility to own the currency.
It is Anonymous with the use of Block-chain.
It executes in a decentralized network.
Transfers become easy with the use of Bitcoin.
10. Crypto Currency Vs PayPal :
Crypto Currency PayPal
•Decentralized .
•Floated and not tied to the
dollar .
•Behavior is backed military
grade cryptography not by
contracts .
• Centralized .
•Pegged to the dollar .
•Behavior is backed by a
contractual relationship with
a corporation .
11. Examples Of Crypto Currency :
BitCoin
1 BitCoin is
9,84,000+
Indian Rupee.
Etherum
1 Etherum is
4,90,00+
Indian Rupee.
Ripple
1 Ripple is
840+ Indian
Rupee.