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CRYPTO CURRENCY
A PEER TO PEER ELECTRONIC CASH SYSTEM
Mr.B.VIGNESH
Assistant Professor
Department of Commerce
PGP College of Arts and Science
Namakkal
WHAT IS
CRYPTO CURRENCY ?
• A Crypto currency is a digital or virtual
currency.
• Many crypto currency are decentralized
networks based on block chain technology – a
distributed ledger enforced by a disparate
network of computers.
FOUNDER OF
CRYPTO CURRENCY ?
SATOSHI NAKAMOTO
S.N is the name used by
the person or persons who
developed bitcoin, authored
the bitcoin white paper, and
created and deployed
bitcoin’s original reference
implementation.
MEANING
CRYPTO CURRENCY ?
CRYPTO - INDIRECT
CRYPTO CURRENCY
1 bitcoin = 100 million sathoshis
(Liquidity Purchase is available)
TYPES OF
CRYPTOCURRENCY COINS
• Bitcoin
• Ethereum
• Cardano
• Bitcoin cash
• Monero
More than 10,000 crypto currencies are available
in the market.
BLOCK CHAIN
A block chain is a distributed database that
is shared among the nodes of a computer
network. As a database, a block chain
stores information electronically in digital
format. systems, such as Bitcoin, for
maintaining a secure and decentralized
record of transactions. The innovation with
a block chain is that it guarantees the
fidelity and security of a record of data and
generates trust without the need for a
trusted third party.
HASH VALUES
• Collection of verify transactions can be
created as an block.
• One block have an multiple hase values. Then
recently a Previous Block’s Hase value is
Stored in this block.
• Black cannot be modified or deleted.
MIMING
• Purpose of verifying is called as Miming.
• Formed as a new Network
• Public Distributed ledger called a block
chain.
BLOCK 1 BLOCK 2 BLOCK 3
HASH VALUE : 1Z8F HASH VALUE : 6BQ1 HASH VALUE : 3H4Q
PREVIOUS
HASH: 0000
PREVIOUS
HASH: 1Z8F
PREVIOUS
HASH: 6BQ1
ADVANTAGES OF
CRYPTO CURRENCY
• Funds transfer between two parties will be easy
without the need of third party like credit/debit cards
or banks
• It is a cheaper alternative compared to other online
transactions
• Payments are safe and secured and offer an
unprecedented level of anonymity
ADVANTAGES OF
CRYPTO CURRENCY
• Funds transfers are completed with minimal
processing fees.
• A crypto currency transaction is generally a quick and
straightforward process.
• Every crypto currency transaction is recorded in a
public list called the block chain.
INTRESTING FACTS
ABOUT BITCOIN
FACT NO : 1
22 may 2010 a man in Florida paid 10,000 bit coins
for Two Pizzas, This is Generally organised as the first
commercial bitcoin Transaction.
At the time 10,000 bitcoin was worth about $40.
TODAYS RATE : 37,00,037.36
INTRESTING FACTS
ABOUT BITCOIN
FACT NO : 2
Dogecoin started as a joke, one of the hottest
Crypto currency in recent month is degocoin
However the token started out as as a joke. The idea
was that there were so many coins out there, just
being introduced. So the creator of Dogecoin invited
the Token around the image of the surprised looking.
TODAYS RATE : 13.68.
INTRESTING FACTS
ABOUT BITCOIN
FACT NO : 3
Crypto kitties is one of the first block chain games,
Crypto kitties offers a way to breed one-of-a-kind digital
cats. Crypto kitties aren’t a currency – instead, they’re
part of the World.
Each kitties is unique and can’t be replicated; Therefore
, they have a unique value, Similar to art work. Crypto
kitties are built on the Ethereum block chain.
INTRESTING FACTS
ABOUT BITCOIN
FACT NO : 4 20% OF BITCOIN IS LOST DUR PRIVATE KEY.
A digital wallet is where you keep your Bit coins. You can
log in and see your account balance. When it comes to
saving your key and password, through, You must be
cautious. you can access your mobile wallet using the
password and key. unfortunately, if you lose this access,
you will also lose access to your wallet and the funds
contained within.
BITCOIN ATM
• The first Bit coin ATM for Crypt currency first
opened on OCTOBER 29 , 2013. It was a
Robocoin machine located in Canada’s Waves
Coffee Shop in Vancouver. But it only operated
until 2015 due to operating errors from Bits
tamp. But it is widely recognized as the world’s
pioneering Bit coin ATM.
Mail id : Spkvignesh1100@gmail.com
CRYPTO CURRENCY.pptx

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CRYPTO CURRENCY.pptx

  • 1.
  • 2. CRYPTO CURRENCY A PEER TO PEER ELECTRONIC CASH SYSTEM Mr.B.VIGNESH Assistant Professor Department of Commerce PGP College of Arts and Science Namakkal
  • 3. WHAT IS CRYPTO CURRENCY ? • A Crypto currency is a digital or virtual currency. • Many crypto currency are decentralized networks based on block chain technology – a distributed ledger enforced by a disparate network of computers.
  • 4. FOUNDER OF CRYPTO CURRENCY ? SATOSHI NAKAMOTO S.N is the name used by the person or persons who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin’s original reference implementation.
  • 6. CRYPTO CURRENCY 1 bitcoin = 100 million sathoshis (Liquidity Purchase is available)
  • 7. TYPES OF CRYPTOCURRENCY COINS • Bitcoin • Ethereum • Cardano • Bitcoin cash • Monero More than 10,000 crypto currencies are available in the market.
  • 8. BLOCK CHAIN A block chain is a distributed database that is shared among the nodes of a computer network. As a database, a block chain stores information electronically in digital format. systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a block chain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.
  • 9. HASH VALUES • Collection of verify transactions can be created as an block. • One block have an multiple hase values. Then recently a Previous Block’s Hase value is Stored in this block. • Black cannot be modified or deleted.
  • 10. MIMING • Purpose of verifying is called as Miming. • Formed as a new Network • Public Distributed ledger called a block chain.
  • 11. BLOCK 1 BLOCK 2 BLOCK 3 HASH VALUE : 1Z8F HASH VALUE : 6BQ1 HASH VALUE : 3H4Q PREVIOUS HASH: 0000 PREVIOUS HASH: 1Z8F PREVIOUS HASH: 6BQ1
  • 12. ADVANTAGES OF CRYPTO CURRENCY • Funds transfer between two parties will be easy without the need of third party like credit/debit cards or banks • It is a cheaper alternative compared to other online transactions • Payments are safe and secured and offer an unprecedented level of anonymity
  • 13. ADVANTAGES OF CRYPTO CURRENCY • Funds transfers are completed with minimal processing fees. • A crypto currency transaction is generally a quick and straightforward process. • Every crypto currency transaction is recorded in a public list called the block chain.
  • 14. INTRESTING FACTS ABOUT BITCOIN FACT NO : 1 22 may 2010 a man in Florida paid 10,000 bit coins for Two Pizzas, This is Generally organised as the first commercial bitcoin Transaction. At the time 10,000 bitcoin was worth about $40. TODAYS RATE : 37,00,037.36
  • 15. INTRESTING FACTS ABOUT BITCOIN FACT NO : 2 Dogecoin started as a joke, one of the hottest Crypto currency in recent month is degocoin However the token started out as as a joke. The idea was that there were so many coins out there, just being introduced. So the creator of Dogecoin invited the Token around the image of the surprised looking. TODAYS RATE : 13.68.
  • 16. INTRESTING FACTS ABOUT BITCOIN FACT NO : 3 Crypto kitties is one of the first block chain games, Crypto kitties offers a way to breed one-of-a-kind digital cats. Crypto kitties aren’t a currency – instead, they’re part of the World. Each kitties is unique and can’t be replicated; Therefore , they have a unique value, Similar to art work. Crypto kitties are built on the Ethereum block chain.
  • 17. INTRESTING FACTS ABOUT BITCOIN FACT NO : 4 20% OF BITCOIN IS LOST DUR PRIVATE KEY. A digital wallet is where you keep your Bit coins. You can log in and see your account balance. When it comes to saving your key and password, through, You must be cautious. you can access your mobile wallet using the password and key. unfortunately, if you lose this access, you will also lose access to your wallet and the funds contained within.
  • 18. BITCOIN ATM • The first Bit coin ATM for Crypt currency first opened on OCTOBER 29 , 2013. It was a Robocoin machine located in Canada’s Waves Coffee Shop in Vancouver. But it only operated until 2015 due to operating errors from Bits tamp. But it is widely recognized as the world’s pioneering Bit coin ATM.
  • 19. Mail id : Spkvignesh1100@gmail.com