2. T O D A Y ' S
D I S C U S S I O N
TOPICS
TO COVER
.what is a currency
.Difference between legal and Not legal
currency .
.Understand different type of currency
available
.Disadvantage of legal currency
.Need of virtual currency
.How we can trade with virtual currency
.Issue with virtual currency
3. W H A T I S C U R R E N C Y ? ?
A currency is a way or medium to exchane goods for trade
we divide currency in two categories
1.Legal
2. Illegal
4. Item 1 Item 2 Item 3 Item 4 Item 5
40
30
20
10
Legalcurrencies of three types :
0
Legal currency
A legal currency is the currency which is issue by the
government of country
eg U.S. dollars (US$), euros (€), Japanese yen (¥),
and pounds sterling (£) etc.
fiat money
commodity money
representative money
5. #MindfulnessAtWork
Disadvantage of legal currency
Centralized intermediary
Transactions are still done in terms of dollars
The credit card company keeps track of the accounts and verifiy
The legitimacy of the transaction
The Value of certain amount in certain country will remain fixed
don't increase and decrease after time
6. Illegal currency
A Illegal currency is the currency which is not
issue by the government of country
Virtual currency are part of not legal currency
They are not same like physical currency like note or
any coin they are digital values that can be accessed
bye specific user to send the amount from one
person to another
Eg : bitcoin ,Digicash ,ethers ,Cybercash etc
7. DIFFERENT TYPE Virtual CURRENCY AVAILABLE
1.Bitcoin Cash
2. Ethereum Classic
3.Digicash
4. Cybercash
5. Zcash
6. Litecoin
7. Ripple
8. Item 1 Item 2 Item 3 Item 4
40
30
20
10
0
NEED TO VIRTUAL
CURRENCY
1.No intermediator like banks so there is no need to give huge
returns
and tax on transaction
2. Fast and easy to send and receive .
3. Most secure no can excess without your key
4. Value is not fixed it changes with time after few years of
purchased.
5. Your private key can generate your unique address.
6.Helps in interchanging between to trustless party without
and issue or dispute.
7.Any legal currency can be interchange with this easily .
9. THETrade
Trade with virtual currency
• First, you need a wallet
• Wallet – a place to store your bitcoin credentials:
namely your private key
• Private key – a 256-bit number, expressed as a
hexadecimal
Eg of private Key
E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233
AA3326
10. Issue in Virtual currency
1.If we lost our private key (wallet) then we will not get again.
2.There is no intermediary such as bank so there is no valid record
3.The value is not fixed so you can face the lost after some year
4.Potential security issues.
11. conclusion
Virtual currency may become the future currency but today’s world is not able to cop up well
with it .
General user can’t use it because it too risky and difficult to adapt .
