Cryptocurrency is one of the famous and rapidly growing technology. This is an introductory slide which gives the overview of what is cryptocurrency and the categories and how it evolves to the current stage and the future of Cryptocurrency
Cryptocurrency is a form of digital currency that uses cryptography to secure transactions and control the creation of new units. The first cryptocurrency was bitcoin, created in 2009. Cryptocurrencies operate on a decentralized peer-to-peer network using blockchain technology to record all transactions. Cryptocurrency mining involves using computers to solve complex mathematical problems to validate transactions and release new currency. While cryptocurrencies offer benefits like transparency and inflation resistance, they also present risks like market volatility and difficulty recovering lost funds.
The document discusses cryptocurrency, including its history and key concepts. It provides definitions for cryptocurrency as a digital currency that uses cryptography to secure online transactions. It summarizes that the first cryptocurrency, Bitcoin, was created in 2009 by Satoshi Nakamoto and uses cryptographic hash functions for transactions. Additionally, it outlines some advantages like confidential transactions and easier international trade, as well as disadvantages like security issues and environmental impacts of mining.
Cryptocurrencies use cryptography to secure digital currency transactions and control the creation of new currency units. The first cryptocurrency was Bitcoin, created in 2009. There are different types of cryptocurrencies including those that function solely as currency like Bitcoin, those that enable distributed computing like Ethereum, and privacy coins that aim to hide transaction details. Other examples of cryptocurrencies include Monero, Litecoin, Dogecoin, and Dash. Data mining involves discovering patterns in large datasets using machine learning and statistics to extract useful patterns. Bitcoin is a decentralized digital currency powered by blockchain technology that allows peer-to-peer transactions without an intermediary.
This document provides an overview of cryptocurrency, including definitions of key terms like cryptocurrency and real currency, examples of major cryptocurrencies like Bitcoin and Litecoin, and classifications of cryptocurrencies. It also discusses the benefits of cryptocurrency like fast and cheap transactions, decentralized control, and transparency, as well as risks around implementation challenges, instability, and lack of awareness. Major cryptocurrencies are differentiated based on factors like the algorithms and communities behind them.
This document discusses the potential for cryptocurrency to replace traditional fiat currency in business transactions. It begins with background on cryptocurrency like Bitcoin and how it functions without central control. The main sections compare features of fiat and cryptocurrency, note pros and cons of cryptocurrency for businesses, examine existing and potential regulations, and discuss risks and ethical complications for businesses adopting cryptocurrency like price volatility, integration costs, and ensuring a good user experience.
It was my first presentation on cryptocurrency during my sophomore year in college. This presentation covers the basic understanding of cryptocurrency, working of cryptocurrency, bitcoin, blockchain and it's the difference between normal currency and cryptocurrency.
Cryptocurrency is a form of digital currency that uses cryptography to secure transactions and control the creation of new units. The first cryptocurrency was bitcoin, created in 2009. Cryptocurrencies operate on a decentralized peer-to-peer network using blockchain technology to record all transactions. Cryptocurrency mining involves using computers to solve complex mathematical problems to validate transactions and release new currency. While cryptocurrencies offer benefits like transparency and inflation resistance, they also present risks like market volatility and difficulty recovering lost funds.
The document discusses cryptocurrency, including its history and key concepts. It provides definitions for cryptocurrency as a digital currency that uses cryptography to secure online transactions. It summarizes that the first cryptocurrency, Bitcoin, was created in 2009 by Satoshi Nakamoto and uses cryptographic hash functions for transactions. Additionally, it outlines some advantages like confidential transactions and easier international trade, as well as disadvantages like security issues and environmental impacts of mining.
Cryptocurrencies use cryptography to secure digital currency transactions and control the creation of new currency units. The first cryptocurrency was Bitcoin, created in 2009. There are different types of cryptocurrencies including those that function solely as currency like Bitcoin, those that enable distributed computing like Ethereum, and privacy coins that aim to hide transaction details. Other examples of cryptocurrencies include Monero, Litecoin, Dogecoin, and Dash. Data mining involves discovering patterns in large datasets using machine learning and statistics to extract useful patterns. Bitcoin is a decentralized digital currency powered by blockchain technology that allows peer-to-peer transactions without an intermediary.
This document provides an overview of cryptocurrency, including definitions of key terms like cryptocurrency and real currency, examples of major cryptocurrencies like Bitcoin and Litecoin, and classifications of cryptocurrencies. It also discusses the benefits of cryptocurrency like fast and cheap transactions, decentralized control, and transparency, as well as risks around implementation challenges, instability, and lack of awareness. Major cryptocurrencies are differentiated based on factors like the algorithms and communities behind them.
This document discusses the potential for cryptocurrency to replace traditional fiat currency in business transactions. It begins with background on cryptocurrency like Bitcoin and how it functions without central control. The main sections compare features of fiat and cryptocurrency, note pros and cons of cryptocurrency for businesses, examine existing and potential regulations, and discuss risks and ethical complications for businesses adopting cryptocurrency like price volatility, integration costs, and ensuring a good user experience.
It was my first presentation on cryptocurrency during my sophomore year in college. This presentation covers the basic understanding of cryptocurrency, working of cryptocurrency, bitcoin, blockchain and it's the difference between normal currency and cryptocurrency.
What is cryptocurrency?, Blockchain, Bitcoin, Bitcoin Mining, Facts about Bitcoin Different types of cryptocurrencies, Cryptocurrency in India, Supreme court on cryptocurrency. Advantages and disadvantages of cryptocurrencies, Do we Invest?, Conclusion.
The presentation provided an overview of cryptocurrency, including its key features, history from Bitcoin's launch in 2009, and examples like Bitcoin, Ethereum, and Ripple. Cryptocurrency uses cryptography to secure transactions and control the creation of new units in a decentralized, peer-to-peer system without intermediaries. Risks of cryptocurrency include hackers targeting systems and lack of protections if something goes wrong with companies holding cryptocurrencies. The future of cryptocurrency may include more retailers accepting it and reduced volatility increasing its common usage similar to credit cards.
A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.
This document provides an overview of cryptocurrency including:
- Cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography.
- It compares conventional currency to digital currency.
- It discusses reasons for using cryptocurrency like decentralization and anonymity but also risks like hackers, lack of protections, and scams.
- It briefly describes several major cryptocurrencies including Bitcoin, Ethereum, Litecoin, Zcash, Peercoin, Worldcoin, and Monero.
- In conclusion, it states that cryptocurrency remains a monetary experiment and may not fully replace conventional currencies.
Group #06 analyzed cryptocurrency in a document containing several sections:
- Cryptocurrency was introduced as a virtual, decentralized, anonymous, and international digital asset secured by cryptography.
- Top ten cryptocurrencies in 2016 included Bitcoin, BlackCoin, Dash, Dogecoin, and Litecoin.
- Cryptocurrency can be bought through online exchanges, Bitcoin ATMs, vouchers, or from other people. Anyone can buy cryptocurrency, including individuals, businesses, investors, and more.
- Risks and failures of cryptocurrency include supporting criminal activity, lack of transparency, hackers, high costs, and scams. Cryptocurrency is not currently legally accepted in India due to traceability, decentralization
The seminar covered cryptocurrency topics such as Bitcoin, mining, how cryptocurrencies work, top 10 cryptocurrencies in 2016 like Bitcoin and Litecoin, how to buy cryptocurrencies through exchanges, cryptocurrency wallets, differences between cryptocurrency and PayPal, benefits like easy carrying and decentralization, and conclusions that cryptocurrency needs more understanding to succeed.
This document provides an overview of cryptocurrency. It defines cryptocurrency as a digital asset that uses cryptography to function as a medium of exchange. The document compares conventional currency to cryptocurrency, noting key differences like the lack of intermediaries and higher portability and durability of cryptocurrency. It also discusses reasons for using cryptocurrency like speed, security, and transparency of transactions. Risks of cryptocurrency like hackers, lack of protections, and scams are outlined. Popular cryptocurrencies like Bitcoin, Ethereum, and types are defined. Bitcoin is provided as an example, explaining its decentralized peer-to-peer network and limited supply. The technology behind Bitcoin like blockchain and wallets is briefly described before concluding with thoughts on cryptocurrency
Introduction to Cryptocurrency (Bitcoin)Kashif Khans
Bitcoin was the first cryptocurrency created in 2008 by Satoshi Nakamoto. It operates on a decentralized peer-to-peer network, allowing anonymous transactions at low cost. New bitcoins enter the market only through mining, where users solve mathematical problems. While the legal status of bitcoin varies by country, its popularity has driven demand and market price despite criticism it is a speculative bubble.
This document discusses cryptocurrency and bitcoin. It begins with an introduction to cryptocurrency and defines it as a system that uses cryptography to allow secure digital transactions in a decentralized manner. It then discusses two major problems in computer science that bitcoin addresses: the double spending problem and the Byzantine Generals problem. It provides details on how bitcoin uses a distributed public ledger called a blockchain and mining to solve these problems. The document also covers bitcoin mining, payments, advantages and disadvantages of cryptocurrency.
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.
Among the learning objectives:
A. Crypto-currencies :
• The definition, history and evolution of the thousands of
crypto-currencies in the market, with their pros and
cons.
• Getting, mining and trading using cryptocurrencies.
• The legal status of this new technology in Lebanon and
different countries of the world.
• The possible future of crypto-currencies.
B. Blockchain :
• The technology behind crypto-currencies : concepts,
history, security, pros and cons.
• Examples and case studies of Blockchain applications.
C. ICOs :
• A new way for raising capital for companies and start-
ups.
• History and ICO phases.
What is bitcoin? How does it work? How can you make money out of it? The bitcoin basics for Filipinos who want to understand and invest in the new digital currency.
Bitcoin - Introduction to Virtual Currency / CryptocurrencySwaminath Sam
The power point presentation talks about history of bitcoin and features, it also talks about how it works and what are all the challenges involved in using new innovative financial instrument...
Bitcoin is a cryptocurrency that is mined by solving mathematical problems. Each time a problem is solved, the miner is rewarded with bitcoin. There is a limited total number of bitcoin that can ever be mined. To use bitcoin, a user first obtains bitcoin then sets up a digital wallet to store and send their bitcoin. Transactions are recorded on a decentralized digital ledger that is maintained by the bitcoin network.
Cryptocurrencies like Bitcoin emerged from the invention of blockchain technology, which allows for a decentralized digital ledger system without a central authority. The first cryptocurrency, Bitcoin, was created in 2008 by Satoshi Nakamoto as a peer-to-peer electronic cash system without central control. Cryptocurrencies use cryptography to securely record transactions on distributed ledgers called blockchains, preventing double spending without central servers. Their values are determined by the market rather than controlled by governments.
Cryptocurrency is a digital currency in which cryptography techniques are used to regulate the generation of units of currency and verify the transfer of funds.
- Cryptocurrency operates independent of any central authority or individual.
- The supply of money is regulated by software and the agreement of users of the system.
- Trust based on peer to peer consensus.
- Transactions are irreversible.
Overview-
1. What is cryptocurrency?
2. The Difference
The tabular comparison between Fiat or conventional currency and Cryptocurrency on parameters like durability, portability, type, security etc.
3. Why use cryptocurrency?
Fast and cheap.
Easy to use.
Free to transfer and hold.
Decentralized control- users are the only owner of cryptocurrency.
Central government can’t take it away and there are no chargebacks.
Privacy and Security – Anonymous payments
Due to no intermediary (such as Bank or Credit Card Company) users have freedom to transact.
Transparency is maintained through public ledger system.
Reduced Fraud – eliminates cases of credit card frauds.
4. Evolution of cryptocurrency
Evolution of cryptocurrency from 2009 to 2015. Major Cryptocurrencies include are Bitcoin, Namecoin, Litecoin, Peercoin, Monero and Capricoin.
5. Categories of cryptocurrency
Cryptocurrencies are divide into various categories based on what type of algorithm used, type of community, investor involved, according to usage and on speed of transaction.
6. Major Cryptocurrencies
List of major Cryptocurrencies Bitcoin, Litecoin, Ripple, Peercoin, Mastercoin, NXT, Namecoin, Quarkcoin, Worldcoin and Megacoin
7. Bitcoin
First popular Cryptocurrency Bitcoin founded by Satoshi comprehensive details.
8. Technology
Bitcoin utilizes the following technologies which are Distributed ledger technology, Mining, Mining hardware, Mining Software, Blockchain and Bitcoin wallets.
9. Transaction Process
A typical transaction process of a Cryptocurrency namely Bitcoin involving concepts like wallet, block, transaction block-chain and proof-of-work algorithm. It gives step by step procedure on how the transaction is carried out in the case of Bitcoin.
10. Benefits
Fast, Safe and cheap
Ease of use and highly portable
Untraceable (pseudo-anonymous transactions)
Transparent and neutral
Decentralized nature
Active involvement of users
Fewer risks for merchants
Freedom to transact
Low inflation and collapse risk
11. Risks
- Problems in implementation- Hardware restrictions (Computational inefficiency), Instability, Deflation, Lack of Replicability and Growing centrality.
- Risk and failure in policy- Money Laundering, Purchase of illegal goods
- Supporting criminal activity- BTC Theft, Malware, Scams
- Risk for consumers- Fewer Protections, Cost, Lack of awareness and understanding and Still Developing.
This is an academic presentation by Sameer Satyam.
Cryptocurrency- Intoduction and SignificancesKaran Verma
The world is moving ahead with the advancement of technology and bought various changes in traditional practices just like in the case of transactions via virtual currency which is CRYPTOCURRENCY.
The document provides an overview of cryptocurrencies and digital currencies. It discusses why crypto is important for information security, IP protection, and protection against ransomware. It then outlines a plan to cover Bitcoin and its history, characters, mechanisms, blockchain, symmetric and asymmetric crypto algorithms, breaking crypto difficulties, and comparisons to other digital currencies like Litecoin. Practical exercises on wallets, transfers, and exchanges are also mentioned. Additional advanced topics like SegWit, zero-knowledge proofs, and homomorphic encryption are included as bonuses.
Cryptocurrency is a digital currency that uses cryptography for security. Bitcoin, created in 2009, was the first decentralized cryptocurrency. Other major cryptocurrencies include Litecoin, Peercoin, and Namecoin. Cryptocurrencies operate on blockchain technology, which records all transactions in a public ledger that is shared across a network of users. Users can mine new coins by solving complex math problems. While cryptocurrencies offer benefits like low transaction fees and decentralization, they also face challenges around volatility and acceptance. The future of cryptocurrencies is uncertain but they may play a larger role in global trade.
The document provides an introduction to Bitcoin, explaining what it is and how it works. Some key points:
- Bitcoin is a decentralized digital currency that uses cryptography to secure transactions. It is not tied to any central authority.
- Transactions are recorded on a public ledger called the blockchain. Bitcoin ownership is determined by private keys, not identities.
- New bitcoins are created through mining, where computers validate transactions by solving complex math problems. Miners are rewarded with new bitcoins.
- Over time, the supply of new bitcoins will approach 21 million as rewards for mining decrease and eventually end. Transaction fees will incentivize mining.
- Bitcoin can be exchanged for goods and services, though its legal status
This document provides an overview of cryptocurrency and blockchain technology. It discusses what cryptocurrency is, how blockchain works through decentralized networks, examples of popular cryptocurrencies like Bitcoin and Ethereum, and benefits like lower fees and access for unbanked individuals. It also outlines some major platforms for trading cryptocurrencies like Coinbase and Binance. The presentation aims to inform and educate people about cryptocurrency.
What is cryptocurrency?, Blockchain, Bitcoin, Bitcoin Mining, Facts about Bitcoin Different types of cryptocurrencies, Cryptocurrency in India, Supreme court on cryptocurrency. Advantages and disadvantages of cryptocurrencies, Do we Invest?, Conclusion.
The presentation provided an overview of cryptocurrency, including its key features, history from Bitcoin's launch in 2009, and examples like Bitcoin, Ethereum, and Ripple. Cryptocurrency uses cryptography to secure transactions and control the creation of new units in a decentralized, peer-to-peer system without intermediaries. Risks of cryptocurrency include hackers targeting systems and lack of protections if something goes wrong with companies holding cryptocurrencies. The future of cryptocurrency may include more retailers accepting it and reduced volatility increasing its common usage similar to credit cards.
A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.
This document provides an overview of cryptocurrency including:
- Cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography.
- It compares conventional currency to digital currency.
- It discusses reasons for using cryptocurrency like decentralization and anonymity but also risks like hackers, lack of protections, and scams.
- It briefly describes several major cryptocurrencies including Bitcoin, Ethereum, Litecoin, Zcash, Peercoin, Worldcoin, and Monero.
- In conclusion, it states that cryptocurrency remains a monetary experiment and may not fully replace conventional currencies.
Group #06 analyzed cryptocurrency in a document containing several sections:
- Cryptocurrency was introduced as a virtual, decentralized, anonymous, and international digital asset secured by cryptography.
- Top ten cryptocurrencies in 2016 included Bitcoin, BlackCoin, Dash, Dogecoin, and Litecoin.
- Cryptocurrency can be bought through online exchanges, Bitcoin ATMs, vouchers, or from other people. Anyone can buy cryptocurrency, including individuals, businesses, investors, and more.
- Risks and failures of cryptocurrency include supporting criminal activity, lack of transparency, hackers, high costs, and scams. Cryptocurrency is not currently legally accepted in India due to traceability, decentralization
The seminar covered cryptocurrency topics such as Bitcoin, mining, how cryptocurrencies work, top 10 cryptocurrencies in 2016 like Bitcoin and Litecoin, how to buy cryptocurrencies through exchanges, cryptocurrency wallets, differences between cryptocurrency and PayPal, benefits like easy carrying and decentralization, and conclusions that cryptocurrency needs more understanding to succeed.
This document provides an overview of cryptocurrency. It defines cryptocurrency as a digital asset that uses cryptography to function as a medium of exchange. The document compares conventional currency to cryptocurrency, noting key differences like the lack of intermediaries and higher portability and durability of cryptocurrency. It also discusses reasons for using cryptocurrency like speed, security, and transparency of transactions. Risks of cryptocurrency like hackers, lack of protections, and scams are outlined. Popular cryptocurrencies like Bitcoin, Ethereum, and types are defined. Bitcoin is provided as an example, explaining its decentralized peer-to-peer network and limited supply. The technology behind Bitcoin like blockchain and wallets is briefly described before concluding with thoughts on cryptocurrency
Introduction to Cryptocurrency (Bitcoin)Kashif Khans
Bitcoin was the first cryptocurrency created in 2008 by Satoshi Nakamoto. It operates on a decentralized peer-to-peer network, allowing anonymous transactions at low cost. New bitcoins enter the market only through mining, where users solve mathematical problems. While the legal status of bitcoin varies by country, its popularity has driven demand and market price despite criticism it is a speculative bubble.
This document discusses cryptocurrency and bitcoin. It begins with an introduction to cryptocurrency and defines it as a system that uses cryptography to allow secure digital transactions in a decentralized manner. It then discusses two major problems in computer science that bitcoin addresses: the double spending problem and the Byzantine Generals problem. It provides details on how bitcoin uses a distributed public ledger called a blockchain and mining to solve these problems. The document also covers bitcoin mining, payments, advantages and disadvantages of cryptocurrency.
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.
Among the learning objectives:
A. Crypto-currencies :
• The definition, history and evolution of the thousands of
crypto-currencies in the market, with their pros and
cons.
• Getting, mining and trading using cryptocurrencies.
• The legal status of this new technology in Lebanon and
different countries of the world.
• The possible future of crypto-currencies.
B. Blockchain :
• The technology behind crypto-currencies : concepts,
history, security, pros and cons.
• Examples and case studies of Blockchain applications.
C. ICOs :
• A new way for raising capital for companies and start-
ups.
• History and ICO phases.
What is bitcoin? How does it work? How can you make money out of it? The bitcoin basics for Filipinos who want to understand and invest in the new digital currency.
Bitcoin - Introduction to Virtual Currency / CryptocurrencySwaminath Sam
The power point presentation talks about history of bitcoin and features, it also talks about how it works and what are all the challenges involved in using new innovative financial instrument...
Bitcoin is a cryptocurrency that is mined by solving mathematical problems. Each time a problem is solved, the miner is rewarded with bitcoin. There is a limited total number of bitcoin that can ever be mined. To use bitcoin, a user first obtains bitcoin then sets up a digital wallet to store and send their bitcoin. Transactions are recorded on a decentralized digital ledger that is maintained by the bitcoin network.
Cryptocurrencies like Bitcoin emerged from the invention of blockchain technology, which allows for a decentralized digital ledger system without a central authority. The first cryptocurrency, Bitcoin, was created in 2008 by Satoshi Nakamoto as a peer-to-peer electronic cash system without central control. Cryptocurrencies use cryptography to securely record transactions on distributed ledgers called blockchains, preventing double spending without central servers. Their values are determined by the market rather than controlled by governments.
Cryptocurrency is a digital currency in which cryptography techniques are used to regulate the generation of units of currency and verify the transfer of funds.
- Cryptocurrency operates independent of any central authority or individual.
- The supply of money is regulated by software and the agreement of users of the system.
- Trust based on peer to peer consensus.
- Transactions are irreversible.
Overview-
1. What is cryptocurrency?
2. The Difference
The tabular comparison between Fiat or conventional currency and Cryptocurrency on parameters like durability, portability, type, security etc.
3. Why use cryptocurrency?
Fast and cheap.
Easy to use.
Free to transfer and hold.
Decentralized control- users are the only owner of cryptocurrency.
Central government can’t take it away and there are no chargebacks.
Privacy and Security – Anonymous payments
Due to no intermediary (such as Bank or Credit Card Company) users have freedom to transact.
Transparency is maintained through public ledger system.
Reduced Fraud – eliminates cases of credit card frauds.
4. Evolution of cryptocurrency
Evolution of cryptocurrency from 2009 to 2015. Major Cryptocurrencies include are Bitcoin, Namecoin, Litecoin, Peercoin, Monero and Capricoin.
5. Categories of cryptocurrency
Cryptocurrencies are divide into various categories based on what type of algorithm used, type of community, investor involved, according to usage and on speed of transaction.
6. Major Cryptocurrencies
List of major Cryptocurrencies Bitcoin, Litecoin, Ripple, Peercoin, Mastercoin, NXT, Namecoin, Quarkcoin, Worldcoin and Megacoin
7. Bitcoin
First popular Cryptocurrency Bitcoin founded by Satoshi comprehensive details.
8. Technology
Bitcoin utilizes the following technologies which are Distributed ledger technology, Mining, Mining hardware, Mining Software, Blockchain and Bitcoin wallets.
9. Transaction Process
A typical transaction process of a Cryptocurrency namely Bitcoin involving concepts like wallet, block, transaction block-chain and proof-of-work algorithm. It gives step by step procedure on how the transaction is carried out in the case of Bitcoin.
10. Benefits
Fast, Safe and cheap
Ease of use and highly portable
Untraceable (pseudo-anonymous transactions)
Transparent and neutral
Decentralized nature
Active involvement of users
Fewer risks for merchants
Freedom to transact
Low inflation and collapse risk
11. Risks
- Problems in implementation- Hardware restrictions (Computational inefficiency), Instability, Deflation, Lack of Replicability and Growing centrality.
- Risk and failure in policy- Money Laundering, Purchase of illegal goods
- Supporting criminal activity- BTC Theft, Malware, Scams
- Risk for consumers- Fewer Protections, Cost, Lack of awareness and understanding and Still Developing.
This is an academic presentation by Sameer Satyam.
Cryptocurrency- Intoduction and SignificancesKaran Verma
The world is moving ahead with the advancement of technology and bought various changes in traditional practices just like in the case of transactions via virtual currency which is CRYPTOCURRENCY.
The document provides an overview of cryptocurrencies and digital currencies. It discusses why crypto is important for information security, IP protection, and protection against ransomware. It then outlines a plan to cover Bitcoin and its history, characters, mechanisms, blockchain, symmetric and asymmetric crypto algorithms, breaking crypto difficulties, and comparisons to other digital currencies like Litecoin. Practical exercises on wallets, transfers, and exchanges are also mentioned. Additional advanced topics like SegWit, zero-knowledge proofs, and homomorphic encryption are included as bonuses.
Cryptocurrency is a digital currency that uses cryptography for security. Bitcoin, created in 2009, was the first decentralized cryptocurrency. Other major cryptocurrencies include Litecoin, Peercoin, and Namecoin. Cryptocurrencies operate on blockchain technology, which records all transactions in a public ledger that is shared across a network of users. Users can mine new coins by solving complex math problems. While cryptocurrencies offer benefits like low transaction fees and decentralization, they also face challenges around volatility and acceptance. The future of cryptocurrencies is uncertain but they may play a larger role in global trade.
The document provides an introduction to Bitcoin, explaining what it is and how it works. Some key points:
- Bitcoin is a decentralized digital currency that uses cryptography to secure transactions. It is not tied to any central authority.
- Transactions are recorded on a public ledger called the blockchain. Bitcoin ownership is determined by private keys, not identities.
- New bitcoins are created through mining, where computers validate transactions by solving complex math problems. Miners are rewarded with new bitcoins.
- Over time, the supply of new bitcoins will approach 21 million as rewards for mining decrease and eventually end. Transaction fees will incentivize mining.
- Bitcoin can be exchanged for goods and services, though its legal status
This document provides an overview of cryptocurrency and blockchain technology. It discusses what cryptocurrency is, how blockchain works through decentralized networks, examples of popular cryptocurrencies like Bitcoin and Ethereum, and benefits like lower fees and access for unbanked individuals. It also outlines some major platforms for trading cryptocurrencies like Coinbase and Binance. The presentation aims to inform and educate people about cryptocurrency.
The document discusses cryptocurrency and blockchain technology. It begins by asking whether people like or dislike cryptocurrency. It then provides explanations of key concepts related to blockchain like how blockchain batches transactions into blocks and uses cryptography to securely link blocks together in a distributed ledger. It provides an analogy comparing transactions, blocks, and the blockchain to lines, chapters, and a book. It discusses why someone may want to reverse transactions and explains the process of mining blocks for verification and rewards. Finally, it summarizes some terms related to cryptocurrency and blockchain and asks if the reader understands.
Bitcoin 101: The Currency, The Network, The CommunityEarthsite
Bitcoin and the underlying technology of cryptocurrency is poised to revolutionize the world of banking and financial equity. Can Bitcoin make it through the volatile startup years and be adopted as a global currency? With an estimated 50,000 businesses now accepting Bitcoin and more than $100 million in venture capital investments, 2014 could be the tipping point for this new form of value exchange.
In this introductory presentation, you'll learn what Bitcoin is, why the technology is revolutionary and how you can get involved in the community. Find out how businesses can save 2-3% on credit card fees and have instant access to a global market. Discover how digital currencies are supporting thriving local economies. Don't miss this opportunity to educate yourself on the fundamentals of Bitcoin and see how you and your business will benefit.
Creating a presentation on cryptocurrency for a university setting is a great idea. Here's an outline and some key points you can include in your presentation:
**Slide 1: Title**
- Title: "Cryptocurrency: Decoding the Future of Finance"
**Slide 2: Introduction**
- Briefly introduce the topic.
- Mention the growing interest in cryptocurrencies.
- State the purpose of your presentation.
**Slide 3: What is Cryptocurrency?**
- Define cryptocurrency as a digital or virtual form of currency using cryptography.
- Mention decentralization and blockchain technology.
**Slide 4: History of Cryptocurrency**
- Discuss the origin of cryptocurrency with Bitcoin in 2009.
- Mention Satoshi Nakamoto and the whitepaper.
**Slide 5: How Cryptocurrency Works**
- Explain the basics of blockchain technology.
- Describe transactions and the role of miners.
**Slide 6: Popular Cryptocurrencies**
- Mention Bitcoin, Ethereum, and a few other notable cryptocurrencies.
- Provide a brief overview of their use cases.
**Slide 7: Benefits of Cryptocurrency**
- Discuss advantages like security, transparency, and low transaction fees.
- Include potential for financial inclusion.
**Slide 8: Risks and Challenges**
- Talk about volatility and price fluctuations.
- Address regulatory and security concerns.
- Discuss scams and fraud.
**Slide 9: Wallets and Exchanges**
- Explain the concept of digital wallets.
- Mention cryptocurrency exchanges where users can buy, sell, and trade.
**Slide 10: Initial Coin Offerings (ICOs)**
- Describe what ICOs are and how they work.
- Mention the risks associated with ICO investments.
**Slide 11: Cryptocurrency Regulation**
- Discuss the global regulatory landscape.
- Highlight examples of countries with favorable and unfavorable regulations.
**Slide 12: Real-World Use Cases**
- Talk about how cryptocurrencies are being used, including remittances, online purchases, and more.
- Highlight blockchain applications like smart contracts.
**Slide 13: Investment and Volatility**
- Explain the investment aspect of cryptocurrencies.
- Mention HODLing and trading strategies.
- Emphasize the need for careful investment due to volatility.
**Slide 14: Future of Cryptocurrency**
- Discuss the potential impact on traditional finance.
- Mention developments in central bank digital currencies (CBDCs).
- Address the role of cryptocurrencies in a digital economy.
**Slide 15: Conclusion**
- Summarize key points from your presentation.
- Encourage questions and discussions.
**Slide 16: Q&A**
- Open the floor for questions and discussions.
**Slide 17: Thank You**
- Thank your audience for their attention.
- Provide your contact information for further inquiries.
Remember to include visuals, graphs, and real-life examples to make your presentation engaging and informative. Additionally, keep up to date with the latest developments in the cryptocurrency space to provide accurate and current information. Good luck with your presentation!
“As a layperson -let us understand- cryptocurrency and how it works.pdfRAVI TIKU
All of us listen so much about the cryptocurrency and its usage being done for the various transactions, but we still don’t know the basics of this currency and how it is transacted, and under which regulatory board or exchange their indices are maintained. I thought let us discuss the simple basics of the same and try to understand what exactly it is and how it affects the transactional market internationally.
Blockchain & Cryptocurrencies Intro - July 2017🔗Audrey Chaing
An overview of blockchain, cryptocurrencies, Bitcoin, Ethereum, ICOs. Meant to be introductory level but provide a slightly higher level of detail. Includes some companies to watch in the blockchain space. Prepared before the August 1 fork, which did occur.
This document provides an overview of blockchain technology, cryptocurrencies like Bitcoin, and related concepts. It defines blockchain as a decentralized and trustless ledger maintained on many computers that records transactions in an immutable way. Cryptocurrencies use encryption techniques to prevent double spending and operate without central authorities. The document discusses how Bitcoin began and how blockchain works through hashing and mining. It also covers the basic purposes of blockchain in confirming transactions and adding blocks, and examines debates around the value, security, and potential impacts of blockchain and cryptocurrencies. Specific applications like MakerDao for lending and borrowing cryptocurrencies, and blockchain-based social media platforms, are also summarized.
There are different types of cryptocurrencies that serve various purposes. Major cryptocurrencies include Bitcoin, Ethereum, Tether, Binance Coin, USD Coin, XRP, Terra, Solana, Cardano, and Avalanche. Bitcoin was the first cryptocurrency and remains the most well-known, while Ethereum introduced programmable smart contracts. Tether and USD Coin are stablecoins pegged to the US dollar. Binance Coin is used on the Binance exchange. XRP powers the Ripple payment network. Terra and Solana support decentralized applications. Cardano and Avalanche are alternative smart contract platforms to Ethereum. New cryptocurrencies continue to emerge as developers utilize blockchain technology for different applications.
Blockchain and cryptocurrencies are emerging technologies that are still not fully understood. There are differing views on their value. Blockchain is a distributed digital ledger of transactions that is replicated across multiple computers. Cryptocurrencies like Bitcoin use blockchain technology, and their value comes from factors like production costs, scarcity, and utility. Ethereum enables decentralized applications and smart contracts through its cryptocurrency Ether. Altcoins have proliferated since Bitcoin, with some gaining significant value through network effects. Initial coin offerings have also raised billions for new blockchain projects.
Cryptocurrency is a digital currency that uses cryptography to secure transactions. The first cryptocurrency, Bitcoin, was created in 2009 and remains the best known. Cryptocurrencies operate on a decentralized blockchain network and use encryption techniques to control transactions instead of a central bank. They offer benefits like low transaction fees, anonymity, and lack of centralized control but also have limitations like high energy use for mining and volatility in value.
A short 101 on blockchain and cryptocurrencies - What is blockchain? How to get started investing in crypto? Tactical tips for keeping your investment secure. Presentation for Blockchain & Cryptocurrency Meetup at WeWork San Francisco, Oct 23 2017.
This document provides an overview of cryptocurrency and how it works. It explains that cryptocurrency is a digital currency secured by cryptography, produced by solving complex algorithms. It is not backed by any government or bank. The document outlines how cryptocurrency can be "mined" through solving algorithms to earn coins as a reward. It also discusses how Bitcoin was the first cryptocurrency and how there are now many alternative coins. In under 3 sentences, the document introduces cryptocurrency as a digital currency secured by cryptography and produced through solving algorithms, explains that individuals can mine coins by using their computers and resources to solve algorithms, and states that Bitcoin was the first cryptocurrency but there are now many alternative coins.
Cryptocurrency uses cryptography to conduct financial transactions securely and decentralize control. While initially controlled by a single founder, it has grown to include many alternative coins (altcoins) like Ethereum and Litecoin. Transactions are recorded on a public blockchain to prevent fraud. Cryptocurrencies offer low fees, global access, and pseudonymity compared to traditional currency but are subject to market volatility. Adoption may help the global economy through increased activity, financial access, and transparency of transactions.
Presentation Titled " Bitcoin and Ransomware Analysis " we discuss ransomware and how bitcoin are being utlized in cyber crime. we also have look at Bitcoin mining, Bitcoin trading market and block chain concept.
In the presentation Titled " Bitcoin and Ransomware Analysis " we discuss ransomware and how bitcoin are being utlised in cyber crime. we also have look at Bitcoin mining, trading and block chain concept.
How Cryptocurrencies Work was given by Mr Samrand Haji, a Blockchain and Cryptocurrency Enthusiast. He focused on how Crypto systems work and how they are decentralized to develop the security side of the Blockchain system. How to create a personal account for different e-currencies, how the mining process generates new coins and transactions, and the future of cryptocurrencies in the region was also discussed.
How Cryptocurrencies work. The workshop covers the followings:
• What is Cryptocurrency and blockchain?
• Different types of common Cryptocurrency
• How do mining and the whole process work?
• Investing in cryptocurrency
• Future of cryptocurrency in Kurdistan and Iraq
Technology has changed the way people work, communicate, shop and even pay for goods. Cash is losing ground in business and consumer preferences in favor of contactless payment methods like Apple Pay. With the rise of smartphones, consumers can pay for items digitally. Now, a new emerging payment method is cryptocurrency.
Understand the fundamentals of Cryptocurrencies
A COMPREHENSIVE PROJECT ON BITCOIN WITH REFERENCE TO INDIANsv Raghavendra
The document provides an overview of cryptocurrencies such as Bitcoin. It begins by defining cryptocurrency and how it differs from traditional currencies by not requiring a central authority. It then discusses the origins and creation of Bitcoin by Satoshi Nakamoto as the first cryptocurrency. It provides details on how Bitcoin works, including how new Bitcoins are mined through solving computational puzzles and transactions are recorded on the blockchain. It also discusses the volatility of Bitcoin pricing and how its value has fluctuated significantly over time. In closing, it briefly touches on Bitcoin ATMs which allow people to purchase Bitcoin using cash.
For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/building-and-scaling-ai-applications-with-the-nx-ai-manager-a-presentation-from-network-optix/
Robin van Emden, Senior Director of Data Science at Network Optix, presents the “Building and Scaling AI Applications with the Nx AI Manager,” tutorial at the May 2024 Embedded Vision Summit.
In this presentation, van Emden covers the basics of scaling edge AI solutions using the Nx tool kit. He emphasizes the process of developing AI models and deploying them globally. He also showcases the conversion of AI models and the creation of effective edge AI pipelines, with a focus on pre-processing, model conversion, selecting the appropriate inference engine for the target hardware and post-processing.
van Emden shows how Nx can simplify the developer’s life and facilitate a rapid transition from concept to production-ready applications.He provides valuable insights into developing scalable and efficient edge AI solutions, with a strong focus on practical implementation.
Ivanti’s Patch Tuesday breakdown goes beyond patching your applications and brings you the intelligence and guidance needed to prioritize where to focus your attention first. Catch early analysis on our Ivanti blog, then join industry expert Chris Goettl for the Patch Tuesday Webinar Event. There we’ll do a deep dive into each of the bulletins and give guidance on the risks associated with the newly-identified vulnerabilities.
Infrastructure Challenges in Scaling RAG with Custom AI modelsZilliz
Building Retrieval-Augmented Generation (RAG) systems with open-source and custom AI models is a complex task. This talk explores the challenges in productionizing RAG systems, including retrieval performance, response synthesis, and evaluation. We’ll discuss how to leverage open-source models like text embeddings, language models, and custom fine-tuned models to enhance RAG performance. Additionally, we’ll cover how BentoML can help orchestrate and scale these AI components efficiently, ensuring seamless deployment and management of RAG systems in the cloud.
Unlocking Productivity: Leveraging the Potential of Copilot in Microsoft 365, a presentation by Christoforos Vlachos, Senior Solutions Manager – Modern Workplace, Uni Systems
OpenID AuthZEN Interop Read Out - AuthorizationDavid Brossard
During Identiverse 2024 and EIC 2024, members of the OpenID AuthZEN WG got together and demoed their authorization endpoints conforming to the AuthZEN API
Your One-Stop Shop for Python Success: Top 10 US Python Development Providersakankshawande
Simplify your search for a reliable Python development partner! This list presents the top 10 trusted US providers offering comprehensive Python development services, ensuring your project's success from conception to completion.
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-und-domino-lizenzkostenreduzierung-in-der-welt-von-dlau/
DLAU und die Lizenzen nach dem CCB- und CCX-Modell sind für viele in der HCL-Community seit letztem Jahr ein heißes Thema. Als Notes- oder Domino-Kunde haben Sie vielleicht mit unerwartet hohen Benutzerzahlen und Lizenzgebühren zu kämpfen. Sie fragen sich vielleicht, wie diese neue Art der Lizenzierung funktioniert und welchen Nutzen sie Ihnen bringt. Vor allem wollen Sie sicherlich Ihr Budget einhalten und Kosten sparen, wo immer möglich. Das verstehen wir und wir möchten Ihnen dabei helfen!
Wir erklären Ihnen, wie Sie häufige Konfigurationsprobleme lösen können, die dazu führen können, dass mehr Benutzer gezählt werden als nötig, und wie Sie überflüssige oder ungenutzte Konten identifizieren und entfernen können, um Geld zu sparen. Es gibt auch einige Ansätze, die zu unnötigen Ausgaben führen können, z. B. wenn ein Personendokument anstelle eines Mail-Ins für geteilte Mailboxen verwendet wird. Wir zeigen Ihnen solche Fälle und deren Lösungen. Und natürlich erklären wir Ihnen das neue Lizenzmodell.
Nehmen Sie an diesem Webinar teil, bei dem HCL-Ambassador Marc Thomas und Gastredner Franz Walder Ihnen diese neue Welt näherbringen. Es vermittelt Ihnen die Tools und das Know-how, um den Überblick zu bewahren. Sie werden in der Lage sein, Ihre Kosten durch eine optimierte Domino-Konfiguration zu reduzieren und auch in Zukunft gering zu halten.
Diese Themen werden behandelt
- Reduzierung der Lizenzkosten durch Auffinden und Beheben von Fehlkonfigurationen und überflüssigen Konten
- Wie funktionieren CCB- und CCX-Lizenzen wirklich?
- Verstehen des DLAU-Tools und wie man es am besten nutzt
- Tipps für häufige Problembereiche, wie z. B. Team-Postfächer, Funktions-/Testbenutzer usw.
- Praxisbeispiele und Best Practices zum sofortigen Umsetzen
Climate Impact of Software Testing at Nordic Testing DaysKari Kakkonen
My slides at Nordic Testing Days 6.6.2024
Climate impact / sustainability of software testing discussed on the talk. ICT and testing must carry their part of global responsibility to help with the climat warming. We can minimize the carbon footprint but we can also have a carbon handprint, a positive impact on the climate. Quality characteristics can be added with sustainability, and then measured continuously. Test environments can be used less, and in smaller scale and on demand. Test techniques can be used in optimizing or minimizing number of tests. Test automation can be used to speed up testing.
Essentials of Automations: The Art of Triggers and Actions in FMESafe Software
In this second installment of our Essentials of Automations webinar series, we’ll explore the landscape of triggers and actions, guiding you through the nuances of authoring and adapting workspaces for seamless automations. Gain an understanding of the full spectrum of triggers and actions available in FME, empowering you to enhance your workspaces for efficient automation.
We’ll kick things off by showcasing the most commonly used event-based triggers, introducing you to various automation workflows like manual triggers, schedules, directory watchers, and more. Plus, see how these elements play out in real scenarios.
Whether you’re tweaking your current setup or building from the ground up, this session will arm you with the tools and insights needed to transform your FME usage into a powerhouse of productivity. Join us to discover effective strategies that simplify complex processes, enhancing your productivity and transforming your data management practices with FME. Let’s turn complexity into clarity and make your workspaces work wonders!
HCL Notes and Domino License Cost Reduction in the World of DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-and-domino-license-cost-reduction-in-the-world-of-dlau/
The introduction of DLAU and the CCB & CCX licensing model caused quite a stir in the HCL community. As a Notes and Domino customer, you may have faced challenges with unexpected user counts and license costs. You probably have questions on how this new licensing approach works and how to benefit from it. Most importantly, you likely have budget constraints and want to save money where possible. Don’t worry, we can help with all of this!
We’ll show you how to fix common misconfigurations that cause higher-than-expected user counts, and how to identify accounts which you can deactivate to save money. There are also frequent patterns that can cause unnecessary cost, like using a person document instead of a mail-in for shared mailboxes. We’ll provide examples and solutions for those as well. And naturally we’ll explain the new licensing model.
Join HCL Ambassador Marc Thomas in this webinar with a special guest appearance from Franz Walder. It will give you the tools and know-how to stay on top of what is going on with Domino licensing. You will be able lower your cost through an optimized configuration and keep it low going forward.
These topics will be covered
- Reducing license cost by finding and fixing misconfigurations and superfluous accounts
- How do CCB and CCX licenses really work?
- Understanding the DLAU tool and how to best utilize it
- Tips for common problem areas, like team mailboxes, functional/test users, etc
- Practical examples and best practices to implement right away
Full-RAG: A modern architecture for hyper-personalizationZilliz
Mike Del Balso, CEO & Co-Founder at Tecton, presents "Full RAG," a novel approach to AI recommendation systems, aiming to push beyond the limitations of traditional models through a deep integration of contextual insights and real-time data, leveraging the Retrieval-Augmented Generation architecture. This talk will outline Full RAG's potential to significantly enhance personalization, address engineering challenges such as data management and model training, and introduce data enrichment with reranking as a key solution. Attendees will gain crucial insights into the importance of hyperpersonalization in AI, the capabilities of Full RAG for advanced personalization, and strategies for managing complex data integrations for deploying cutting-edge AI solutions.
AI 101: An Introduction to the Basics and Impact of Artificial IntelligenceIndexBug
Imagine a world where machines not only perform tasks but also learn, adapt, and make decisions. This is the promise of Artificial Intelligence (AI), a technology that's not just enhancing our lives but revolutionizing entire industries.
CAKE: Sharing Slices of Confidential Data on BlockchainClaudio Di Ciccio
Presented at the CAiSE 2024 Forum, Intelligent Information Systems, June 6th, Limassol, Cyprus.
Synopsis: Cooperative information systems typically involve various entities in a collaborative process within a distributed environment. Blockchain technology offers a mechanism for automating such processes, even when only partial trust exists among participants. The data stored on the blockchain is replicated across all nodes in the network, ensuring accessibility to all participants. While this aspect facilitates traceability, integrity, and persistence, it poses challenges for adopting public blockchains in enterprise settings due to confidentiality issues. In this paper, we present a software tool named Control Access via Key Encryption (CAKE), designed to ensure data confidentiality in scenarios involving public blockchains. After outlining its core components and functionalities, we showcase the application of CAKE in the context of a real-world cyber-security project within the logistics domain.
Paper: https://doi.org/10.1007/978-3-031-61000-4_16
Cosa hanno in comune un mattoncino Lego e la backdoor XZ?Speck&Tech
ABSTRACT: A prima vista, un mattoncino Lego e la backdoor XZ potrebbero avere in comune il fatto di essere entrambi blocchi di costruzione, o dipendenze di progetti creativi e software. La realtà è che un mattoncino Lego e il caso della backdoor XZ hanno molto di più di tutto ciò in comune.
Partecipate alla presentazione per immergervi in una storia di interoperabilità, standard e formati aperti, per poi discutere del ruolo importante che i contributori hanno in una comunità open source sostenibile.
BIO: Sostenitrice del software libero e dei formati standard e aperti. È stata un membro attivo dei progetti Fedora e openSUSE e ha co-fondato l'Associazione LibreItalia dove è stata coinvolta in diversi eventi, migrazioni e formazione relativi a LibreOffice. In precedenza ha lavorato a migrazioni e corsi di formazione su LibreOffice per diverse amministrazioni pubbliche e privati. Da gennaio 2020 lavora in SUSE come Software Release Engineer per Uyuni e SUSE Manager e quando non segue la sua passione per i computer e per Geeko coltiva la sua curiosità per l'astronomia (da cui deriva il suo nickname deneb_alpha).
Generating privacy-protected synthetic data using Secludy and MilvusZilliz
During this demo, the founders of Secludy will demonstrate how their system utilizes Milvus to store and manipulate embeddings for generating privacy-protected synthetic data. Their approach not only maintains the confidentiality of the original data but also enhances the utility and scalability of LLMs under privacy constraints. Attendees, including machine learning engineers, data scientists, and data managers, will witness first-hand how Secludy's integration with Milvus empowers organizations to harness the power of LLMs securely and efficiently.
Monitoring and Managing Anomaly Detection on OpenShift.pdfTosin Akinosho
Monitoring and Managing Anomaly Detection on OpenShift
Overview
Dive into the world of anomaly detection on edge devices with our comprehensive hands-on tutorial. This SlideShare presentation will guide you through the entire process, from data collection and model training to edge deployment and real-time monitoring. Perfect for those looking to implement robust anomaly detection systems on resource-constrained IoT/edge devices.
Key Topics Covered
1. Introduction to Anomaly Detection
- Understand the fundamentals of anomaly detection and its importance in identifying unusual behavior or failures in systems.
2. Understanding Edge (IoT)
- Learn about edge computing and IoT, and how they enable real-time data processing and decision-making at the source.
3. What is ArgoCD?
- Discover ArgoCD, a declarative, GitOps continuous delivery tool for Kubernetes, and its role in deploying applications on edge devices.
4. Deployment Using ArgoCD for Edge Devices
- Step-by-step guide on deploying anomaly detection models on edge devices using ArgoCD.
5. Introduction to Apache Kafka and S3
- Explore Apache Kafka for real-time data streaming and Amazon S3 for scalable storage solutions.
6. Viewing Kafka Messages in the Data Lake
- Learn how to view and analyze Kafka messages stored in a data lake for better insights.
7. What is Prometheus?
- Get to know Prometheus, an open-source monitoring and alerting toolkit, and its application in monitoring edge devices.
8. Monitoring Application Metrics with Prometheus
- Detailed instructions on setting up Prometheus to monitor the performance and health of your anomaly detection system.
9. What is Camel K?
- Introduction to Camel K, a lightweight integration framework built on Apache Camel, designed for Kubernetes.
10. Configuring Camel K Integrations for Data Pipelines
- Learn how to configure Camel K for seamless data pipeline integrations in your anomaly detection workflow.
11. What is a Jupyter Notebook?
- Overview of Jupyter Notebooks, an open-source web application for creating and sharing documents with live code, equations, visualizations, and narrative text.
12. Jupyter Notebooks with Code Examples
- Hands-on examples and code snippets in Jupyter Notebooks to help you implement and test anomaly detection models.
3. Satoshi Nakamoto
• One or 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 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
6. 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
7. 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
9. “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.
10. “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/
11. “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..
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