Cryptocurrency was created in 2009 as a digital currency independent of any central authority. It uses cryptography, a blockchain ledger, and a community of users to create and track units of currency. However, cryptocurrency also faces problems of price volatility, lack of regulations and consumer protections, and use in criminal activities. Still, it provides benefits like transparency of transactions and freedom from unexpected fees.

1. Problems and Prospects

2. Synopsis:-
History
Creation
Basic concepts
Working of crypto currency
Problems
Prospects
Conclusion

3. History
Barter
Precious metals
Bank
notes
Currencies
Plastic Money
Cryptocurrency

4. Creation of Crypto currency
 Created by a software developer called “sathoshi nakamoto” (anonymous) in
2009.
The idea was to produce a currency independent of any central authority,
transferable electronically more or less instantly, with negligible transaction fees.
 This currency is not physically printed in the shadows by a central bank but are
created digitally by a community by people.

5. Basic Concepts
• Cryptography
• Block chain
• Mining
• Wallet
• Public and private keys

6. Cryptography
 Writing or solving codes.
 Elements of mathematical theory and computer science.
 Process of converting ordinary plain text into unintelligible
(not understood easily) text.
 Transmitting and storing data in a particular form so that only
those for whom it is intended can read and process it.
 Secures communication, information and money online.

7.  Block chain is a digitized, decentralized, public ledger
of all crypto currency transactions.

8. B
L
O
C
K
C
H
A
I
N

9. Mining and its Process

10. Wallet
It is a software Program where crypto
currency is stored. It facilitates sending and
receiving coins and gives ownership of the
balance to the user.
Having Wallet means you are in
full control of your private keys and as
such the responsibility of securing your
finances falls on you.

11. Public and Private Keys

13.  Complete Authority of the holder over the currency.
 Transparency of Transactions.
 Financial Gains.
 Freedom from unexpected account charges or Seizures.
 Increasing Scrutiny.
 Alternatives to Bitcoin.
 The Future.

14. Problems Associated with
Crypto currency
• Cyber security issues
• Price volatility
• Regulations
• Scalability
• Supports criminal activities
• Hackers
• Scams
• Fewer protections
• Revenue loss to the government