The document discusses cryptocurrency and provides information about Abinash Rout's course topic. It defines cryptocurrency, describes the idea behind it including how bitcoin could change the world like email changed postal services. It discusses why we use cryptocurrencies, the mining process, characteristics of cryptocurrencies, top 10 cryptocurrencies in 2018, benefits like anonymity and no fees, and disadvantages like volatility and lack of awareness.

1. “NAME ABINASH ROUT
COURSE MSc(Comp.Sc)
ROLL 01
TOPIC CRYPTOCURRENCY

2. CRYPTOCURRENCY
T H E D I G I T A L C U R R E N C Y

3. Abinash rout
CONTAINS
• What is Cryptocurrency?
• Idea of Cyyptocurrency
• Why we use Crypto currency
• Mining
• Charactristics of Crypto Currencies
• 10 Crypto Currencies in 2018
• Benefits of Crypto Currency
• Disadvantages of Crypto Currency
• Diffreence between Crypto Currency
• Top 10 Crypto Currency

4. Abinash Rout
Idea of Crypto Currency
• B i t c o i n m a y b e t h e T C P / I P o f m o n e y .
• I d o t h i n k i s t h e f i r s t t h a t h a s t h e p o t e n t i a l
t o d o s o m e t h i n g l i k e c h a n g e t h e w o r l d .
• B i t c o i n w i l l d o t o b a n k s w h a t e m a i l d i d t o
t h e p o s t a l i n d u s t r y .
• B i t c o i n a c t u a l l y h a s t h e b a l a n c e a n d
i n c e n t i v e r i g h t , a n d t h a t i s w h y i t i s
s t a r t i n g t o t a k e o f f

5. Crypto Currency
• Simply Crypto Currency means digital currency
• A medium of exchange like normal currencies
• Design for the purpose of exchanging digital
information
• Exchanging process made possible by certain
principle of Cryptography .
• Cryptography
• Used to secure transactions
• Control the creation of new coins
Abinash rout

6. Why we use crypto Currencies ?
• Specially designed to take advantages of the
architecture oof the internet’
• Tranaction are cheackes ,or “confirmed “by the
computers of the user on the currency’s network
• Computers that verify the transactions receives a
small amount of currency as a reward .
Abinash Rout

7. Mining
• Process of adding transaction records to public ledger of past
transactions or block chain
• Ledger of past transactions – block chain
• The block chain to confirm transactions to the rest of the network as
having take palce
• Use the block chain to distinguished legitmate transactions from
attempts to re –spend coins that have already been spent elseware
Abinash rout 7

8. Charactristics Of
CRYPTOCURRENCIES
• Use a number different algorithms
• Traded in different ways
• Main charactristics that should concider by the customer are;
• Market capitalization and Daily trading volume
• Verification Method
• Retailer acceptance
Abinash rout 8

9. Abinash rout
Top 10 Crypto Currencies in 2016
• Bitcoin
• BlackCoin
• Dash
• Dogecoin
• Litecoin
• Name coin
• Nxt
• Percoin
• Prime Coin
• Ripple
9

10. Abinash rout
Benefits of Crypto Currency
10
• Mutual Exposure
• International use
• Customer Anonymity
• No Surprise Fees or Waiting Periods
• Improving Reputation

11. “
Abinash rout
 Lack of Awereness And
Understanding
Risk of Volatility
Stil Developing
11
Disadvantages of Crypto
Currency