- Siva -
Are you familiar with these words ?
Satoshi Nakamoto
• One or more people : Still not exposed their identify
• Published the one page paper on 2008
What is Cryptocurrency
• Decentralized
• Digital currency in which cryptography techniques are used to
regulate the generation of units of currency
• Decentralized
• P2P ( Peer to peer ) transection
• Transections are irreversible
Cryptocurrency Vs Conventional currency
Conventional currency Cryptocurrency
Issued by government Created by computers : by solving hashes
Unlimited supply and can be produced more by the
government when necessary
Limited supply and has a set of maximum.
Physical way of exchange money A digital way of money exchange.
Form of coin or paper Presented by private and public piece of code.
Centralized and control by the law and banks Decentralized and not controlled by any single entity or
government
It's value is determined by the market and regulation It's value is not determined by the supply and demand
Cryptocurrency : The way back
Oct 2008 :
BITCOIN.ORG &
WHITEPAPER
INTRODUCTION
Jan 2009 : FIRST
BITCOIN
TRANSACTION
Oct 2009 :
BITCOIN
EXCHANGE
RATE
ESTABLISHED
$ 0.0007
Feb 2010 :
FIRST REAL
WORLD
TRANSACTION
$ 0.004
Jul 2010 :
BITCOIN
INCREASES
TENFOLD
$ 0.08
Aug 2010
:EXPLOIT
GENERATES 184
BILLION
BITCOINS
$ 0.07
Jul 2011 : FIRST
MAJOR THEFT
$ 14.5
Jul 2015 :
ETHEREUM
GENESIS BLOCK
$ 280
Dec 2016 :TOP
7
CRYPTOCURRE
NCIES GAIN
VALUE
$ 800
May 2017 :
OVER 1000
DIFFERENT
CRYPTO
CURRECIES
$ 1800
Aug 2017 :
MARKET CAP
EXCEEDS $100
BILLION
$ 2400
Aug 2017 :
BITCOIN
"SPLITS" INTO
BITCOIN (BTC)
AND BITCOIN
CASH (BCH)
$ 3500
Dec 2017 :
BITCOIN HITS
THE MARKET
$ 19,783
Data Reference : cryptotimeline.com
Categories of Cryptocurrency
• “Currency” Cryptocurrencies
• “Utility” Cryptocurrencies
• “App/Platform” Cryptocurrencies
“Currency” Cryptocurrencies
Serves the purposes of being a store of value and a unit of account like
the normal hard cash
• Bitcoin : the first currency cryptocurrency
• New currency cryptocurrencies to overcome the limitations
of bitcoin
• E.g : Litecoin
• Bitcoin cash
• Monero
• Dash and etc.
“Utility” Cryptocurrencies
creates an infrastructure that can be leveraged to build on top of it.
• Ethereum : allows developers to create smart contracts
• FileCoin : creates a decentralized storage network/
“App/Platform” Cryptocurrencies
represents the cryptocurrency equivalent of an app or platform
• Built on top of “Utility” Cryptocurrencies
• Angur : decentralized prediction market built on top of
Ethereum. ( a beting platform )
• 0x project : building a decentralized exchange of any type..
Advantages of Cryptocurrencies
• Easy access
• Quick and easy payments
• Fast Settlements
• Lower Fees
• Privacy
• Highly secured
• No third party : Decentralised
• No boundaries
Drawbacks of Cryptocurrencies
• Difficult to understand
• Lack of knowledge
• Not accepted widely
• Can lose your wallet
• No way of reversing
Future of Cryptocurrencies
Cryptocurrency Will Replace
National Currencies By 2030 :
Time.com
Cryptocurrency : An Introduction

Cryptocurrency : An Introduction

  • 1.
  • 2.
    Are you familiarwith these words ?
  • 3.
    Satoshi Nakamoto • Oneor more people : Still not exposed their identify • Published the one page paper on 2008
  • 4.
    What is Cryptocurrency •Decentralized • Digital currency in which cryptography techniques are used to regulate the generation of units of currency • Decentralized • P2P ( Peer to peer ) transection • Transections are irreversible
  • 5.
    Cryptocurrency Vs Conventionalcurrency Conventional currency Cryptocurrency Issued by government Created by computers : by solving hashes Unlimited supply and can be produced more by the government when necessary Limited supply and has a set of maximum. Physical way of exchange money A digital way of money exchange. Form of coin or paper Presented by private and public piece of code. Centralized and control by the law and banks Decentralized and not controlled by any single entity or government It's value is determined by the market and regulation It's value is not determined by the supply and demand
  • 6.
    Cryptocurrency : Theway back Oct 2008 : BITCOIN.ORG & WHITEPAPER INTRODUCTION Jan 2009 : FIRST BITCOIN TRANSACTION Oct 2009 : BITCOIN EXCHANGE RATE ESTABLISHED $ 0.0007 Feb 2010 : FIRST REAL WORLD TRANSACTION $ 0.004 Jul 2010 : BITCOIN INCREASES TENFOLD $ 0.08 Aug 2010 :EXPLOIT GENERATES 184 BILLION BITCOINS $ 0.07 Jul 2011 : FIRST MAJOR THEFT $ 14.5 Jul 2015 : ETHEREUM GENESIS BLOCK $ 280
  • 7.
    Dec 2016 :TOP 7 CRYPTOCURRE NCIESGAIN VALUE $ 800 May 2017 : OVER 1000 DIFFERENT CRYPTO CURRECIES $ 1800 Aug 2017 : MARKET CAP EXCEEDS $100 BILLION $ 2400 Aug 2017 : BITCOIN "SPLITS" INTO BITCOIN (BTC) AND BITCOIN CASH (BCH) $ 3500 Dec 2017 : BITCOIN HITS THE MARKET $ 19,783 Data Reference : cryptotimeline.com
  • 8.
    Categories of Cryptocurrency •“Currency” Cryptocurrencies • “Utility” Cryptocurrencies • “App/Platform” Cryptocurrencies
  • 9.
    “Currency” Cryptocurrencies Serves thepurposes of being a store of value and a unit of account like the normal hard cash • Bitcoin : the first currency cryptocurrency • New currency cryptocurrencies to overcome the limitations of bitcoin • E.g : Litecoin • Bitcoin cash • Monero • Dash and etc.
  • 10.
    “Utility” Cryptocurrencies creates aninfrastructure that can be leveraged to build on top of it. • Ethereum : allows developers to create smart contracts • FileCoin : creates a decentralized storage network/
  • 11.
    “App/Platform” Cryptocurrencies represents thecryptocurrency equivalent of an app or platform • Built on top of “Utility” Cryptocurrencies • Angur : decentralized prediction market built on top of Ethereum. ( a beting platform ) • 0x project : building a decentralized exchange of any type..
  • 12.
    Advantages of Cryptocurrencies •Easy access • Quick and easy payments • Fast Settlements • Lower Fees • Privacy • Highly secured • No third party : Decentralised • No boundaries
  • 13.
    Drawbacks of Cryptocurrencies •Difficult to understand • Lack of knowledge • Not accepted widely • Can lose your wallet • No way of reversing
  • 14.
    Future of Cryptocurrencies CryptocurrencyWill Replace National Currencies By 2030 : Time.com