Cryptocurrency is a digital asset that uses cryptography to function as a medium of exchange and control the creation of additional units of currency independent of a central bank. The document discusses types of cryptocurrencies like Bitcoin, advantages such as faster transactions and greater privacy, disadvantages like volatility and use for illegal activities, and key aspects of Bitcoin such as its decentralized peer-to-peer network and 21 million coin limit.

1. CRYPTOCURRENCY
AND BITCOIN
PREPARED BY-
SANTOSH SHRESTHA

2. WHAT IS CRYPTOCURRENCY?
• A cryptocurrency (or crypto currency) 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.
• A digital currency in which encryption
techniques (cryptography) are used to
regulate the generation of units of
currency and verify the transfer of funds,
operating independently of a central
bank

3. TYPES OF
CRYPTOCURRENCY

4. ADVANTAGES OF
CRYPTOCURRENCIES
Faster
Cheaper
Greater privacy protection
More secure
Decentralized nature

5. DIS-ADVANTAGES
OF CRYPTOCURRENCIES
Volatile in nature
Acceptance
Can be used for illegal transactions
No refund or cancellation policy
Hackers

6. WHAT IS BITCOIN
•Both a cryptocurrency and an electronic payment system
•Satoshi Nakamoto in 2008
•First decentralised payment network
•System is peer-to-peer
•21 million bitcoins
•Completely Open source
•1BTC = $36260

7. BITCOIN TECHNOLOGY