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Bitcoin
CryptoCurrency the new currency
Presented By:-
Lavesh Sethia
MBA 1ST SEMESTER
Contents :
1. Cryptocurrency
2. Introduction to Bitcoin
3. How Bitcoin work
4. Why Bitcoin is famous
5. India may launch its own Cryptocurrency
6. Legal Status of Bitcoin
7. Bitcoin Mining
8. Advantages and Disadvantages of Bitcoin
9. Future of Bitcoin
Cryptocurrency
• Crypto mean something highly encrypted.
• Cryptography is an art of encrypting software, web applications, and networks.
• The objective of Cryptography is to secure a system (Prevent hackers)
• We can say that cryptocurrency mean secure currency which cannot be
compromised
• There are many cryptocurrencies such as Bitcoin, Litecoin, Zcash , Dash , Ripple
etc
Introduction to Bitcoin
• Bitcoin is one of the famous cryptocurrency
• Bitcoin was found by Satoshi Nakamoto in 2008
• It is decentralized currency that’s why bitcoin price fluctuate.
• Bitcoin is not something physical.
• It is easy to transport anywhere with low cost.
• No intermediary requires its peer to peer network.
How does Bitcoin Work?
Milestones of Bitcoin
• 2008: Founded by Satoshi Nakamoto (No body knows him now).
• 2009: The Bitcoin software is made available to the public for the first time and
mining (The only way through bitcoin is generated).
• 2010: Bitcoin traded for the first time (When a person purchased a pizza for
10,000 bitcoin worth $100 million today).
• 2011: Rival came (Litecoin, Namecoin).
• 2013: Bitcoin price plummet from $1000 to $300.
• 2016: Ethereum and ICOs stole bitcoin thunder this year.
• 2018: One Bitcoin is worth Rs. 1671233.
• 2020: One Bitcoin is worth Rs. Aprrox 1800000
• 20 feb 2021: One Bitcoin is wroth Rs. 41.5 lakh
Why Bitcoin is famous?
• It was the only most demand cryptocurrency
• It is decentralized currency (Regulate by users; not any bank)
• It allows user to do transactions anonymously
• It is tax free (No matter how many bitcoins you have).
• Transaction charges is very low
• Transfer fund easily at very low cost; Worldwide
India may launch its own Cryptocurrency
The government aims to introduce an official digital currency
that would be directly issued by the Reserve Bank of India.
Legal status of Bitcoin
• Most countries around the world set laws regarding bitcoin but not accepting
bitcoin as actual currency.
• The first country to completely accept bitcoin was Japan.
• India seems to be next and creating laws regarding bitcoin.
• Pakistan, Iceland, Bolivia, Ecuador, Bangladesh, Kyrgyzstan and Vietnam
have totally banned bitcoin.
Supply ofBitcoin (Bitcoin mining)
• Normally, supplier of money use to bebank.
• Bitcoin is decentralized currency.
• The only supplier is Bitcoin miner.
• Miner solve mathematical problem and bitcoin is issued as reward.
• Bitcoin is not dependent on foreign reserve or asset but mathematical
problems
Advantages of Bitcoin
Anonymous and Private
No Taxes
Protection From Payment Fraud
Immediate Settlement
Security
International Transactions
Disadvantages of Bitcoin
Degree of acceptance
Volatility
Cyber hacking
Possible Government Interference
Money Laundering/Black Market
Future of Bitcoins!
Bitcoins provide :
● Globalism - Bitcoin and the blockchain address globalism with mobile applications and
exchange platforms that facilitate financial and economic activities worldwide.
● Security - The blockchain technology addresses security in areas including insurance,
law, and data security by validation of the information in the blockchain ledger.
● Democracy - Bitcoin and the blockchain address democracy by reshaping the functions of
governments, organizations, and corporations with commercial influence in addition to the
blockchain's ability to make voting systems more effective.
Thus Bitcoins have a huge scope in the future and could replace the manual transactions
completely supporting only digital online transactions which are very secure, fast and do not
add extra overhead intermediary charges since it is decentralized.
lavesh sethia bit coin marketing present.pptx

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lavesh sethia bit coin marketing present.pptx

  • 1. Bitcoin CryptoCurrency the new currency Presented By:- Lavesh Sethia MBA 1ST SEMESTER
  • 2. Contents : 1. Cryptocurrency 2. Introduction to Bitcoin 3. How Bitcoin work 4. Why Bitcoin is famous 5. India may launch its own Cryptocurrency 6. Legal Status of Bitcoin 7. Bitcoin Mining 8. Advantages and Disadvantages of Bitcoin 9. Future of Bitcoin
  • 3. Cryptocurrency • Crypto mean something highly encrypted. • Cryptography is an art of encrypting software, web applications, and networks. • The objective of Cryptography is to secure a system (Prevent hackers) • We can say that cryptocurrency mean secure currency which cannot be compromised • There are many cryptocurrencies such as Bitcoin, Litecoin, Zcash , Dash , Ripple etc
  • 4. Introduction to Bitcoin • Bitcoin is one of the famous cryptocurrency • Bitcoin was found by Satoshi Nakamoto in 2008 • It is decentralized currency that’s why bitcoin price fluctuate. • Bitcoin is not something physical. • It is easy to transport anywhere with low cost. • No intermediary requires its peer to peer network.
  • 6. Milestones of Bitcoin • 2008: Founded by Satoshi Nakamoto (No body knows him now). • 2009: The Bitcoin software is made available to the public for the first time and mining (The only way through bitcoin is generated). • 2010: Bitcoin traded for the first time (When a person purchased a pizza for 10,000 bitcoin worth $100 million today). • 2011: Rival came (Litecoin, Namecoin). • 2013: Bitcoin price plummet from $1000 to $300. • 2016: Ethereum and ICOs stole bitcoin thunder this year. • 2018: One Bitcoin is worth Rs. 1671233. • 2020: One Bitcoin is worth Rs. Aprrox 1800000 • 20 feb 2021: One Bitcoin is wroth Rs. 41.5 lakh
  • 7. Why Bitcoin is famous? • It was the only most demand cryptocurrency • It is decentralized currency (Regulate by users; not any bank) • It allows user to do transactions anonymously • It is tax free (No matter how many bitcoins you have). • Transaction charges is very low • Transfer fund easily at very low cost; Worldwide
  • 8. India may launch its own Cryptocurrency The government aims to introduce an official digital currency that would be directly issued by the Reserve Bank of India.
  • 9. Legal status of Bitcoin • Most countries around the world set laws regarding bitcoin but not accepting bitcoin as actual currency. • The first country to completely accept bitcoin was Japan. • India seems to be next and creating laws regarding bitcoin. • Pakistan, Iceland, Bolivia, Ecuador, Bangladesh, Kyrgyzstan and Vietnam have totally banned bitcoin.
  • 10. Supply ofBitcoin (Bitcoin mining) • Normally, supplier of money use to bebank. • Bitcoin is decentralized currency. • The only supplier is Bitcoin miner. • Miner solve mathematical problem and bitcoin is issued as reward. • Bitcoin is not dependent on foreign reserve or asset but mathematical problems
  • 11. Advantages of Bitcoin Anonymous and Private No Taxes Protection From Payment Fraud Immediate Settlement Security International Transactions
  • 12. Disadvantages of Bitcoin Degree of acceptance Volatility Cyber hacking Possible Government Interference Money Laundering/Black Market
  • 13. Future of Bitcoins! Bitcoins provide : ● Globalism - Bitcoin and the blockchain address globalism with mobile applications and exchange platforms that facilitate financial and economic activities worldwide. ● Security - The blockchain technology addresses security in areas including insurance, law, and data security by validation of the information in the blockchain ledger. ● Democracy - Bitcoin and the blockchain address democracy by reshaping the functions of governments, organizations, and corporations with commercial influence in addition to the blockchain's ability to make voting systems more effective. Thus Bitcoins have a huge scope in the future and could replace the manual transactions completely supporting only digital online transactions which are very secure, fast and do not add extra overhead intermediary charges since it is decentralized.