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CRYPTOCURRENCY
Submitted BY:
Rahul KumarMeena
Submitted To:
Dr. Arti Puri
Contents
S.No. Topic Slide No.
1 What is Cryptocurrency? 3
2 Conventional vs Digital Currency 4
3 Why use Cryptocurrency? 5
4 Risks 6
5 Types of Cryptocurrency 7
6 Example : Bitcoin 8
7 Bitcoin Technology 9
8 Conclusion 10
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.
Conventional vs Digital Currency
Why use Cryptocurrency?
Risks
•Hackers. Cryptocurrencies are targets for highly sophisticated
hackers, who have been able to breach advanced security
systems.
•Cost. Cryptocurrencies can cost consumers much more to use
than credit cards or even regular cash, often due to price volatility.
•Scams. Fraudsters are taking advantage of the hype surrounding
virtual currencies to cheat people with fake opportunities.
•Lack of Transparency. The anonymous nature of cryptocurrencies
make transparency and accountability difficult for consumers
seeking to ensure the safety of their investments.
Types of Cryptocurrency
Example : 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 = $64052.59
Bitcoin Technology
Conclusion
Cryptocurrency is an impressive technical achievement, but it remains a
monetary experiment. Even if cryptocurrencies survive, they may not fully
displace fiat currencies.
Rahulkumrmeennxjksnabsnsndjdkkdkda(1).pptx

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Rahulkumrmeennxjksnabsnsndjdkkdkda(1).pptx

  • 2. Contents S.No. Topic Slide No. 1 What is Cryptocurrency? 3 2 Conventional vs Digital Currency 4 3 Why use Cryptocurrency? 5 4 Risks 6 5 Types of Cryptocurrency 7 6 Example : Bitcoin 8 7 Bitcoin Technology 9 8 Conclusion 10
  • 3. 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.
  • 6. Risks •Hackers. Cryptocurrencies are targets for highly sophisticated hackers, who have been able to breach advanced security systems. •Cost. Cryptocurrencies can cost consumers much more to use than credit cards or even regular cash, often due to price volatility. •Scams. Fraudsters are taking advantage of the hype surrounding virtual currencies to cheat people with fake opportunities. •Lack of Transparency. The anonymous nature of cryptocurrencies make transparency and accountability difficult for consumers seeking to ensure the safety of their investments.
  • 8. Example : 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 = $64052.59
  • 10. Conclusion Cryptocurrency is an impressive technical achievement, but it remains a monetary experiment. Even if cryptocurrencies survive, they may not fully displace fiat currencies.