A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature.

1. Cryptocurrency

2. What is Cryptocurrency
• A digital or virtual currency that uses
cryptography for security. A cryptocurrency is
difficult to counterfeit because of this security
feature.

3. Monetary Properties
• Controlled supply: All cryptocurrencies
control the supply of the token by a
schedule written in the code.
• No debt but bearer: Cryptocurrencies
don‘t represent debts. They just
represent themselves. They are money
as hard as coins of gold.

4. Transactional Properties
• Irreversible: After confirmation, a transaction
can‘t be reversed.
• Pseudonymous: You receive Bitcoins on so-called
addresses, which are randomly generated.
• Fast and global: Transactions are indifferent of
physical location.
• Secure: Only the owner of the private key can
send cryptocurrency.
• Permissionless: It‘s just a software that
everybody can download for free. No one can
prevent you.

5. How Does Cryptocurrency Work?
• Cryptocurrency uses blockchain technology.
• Blockchain data is secured through cryptography.
Each participant has their own private key that is
assigned to the transactions and it acts as a
digital signature. If a record is altered, the digital
signature will become invalid and the network
will come to know that something has
happened.
• Blockchain stores transaction information across
vast networks of computers that continuously
check and verify information with each other.

6. Cryptocurrencies Examples
• Bitcoin
• Ethereum
• Litecoin
• Monero
• Ripple
• Dogecoin
• Zcash
• IOTA
• NEM

7. Benefits
• Can transfer funds without the need of bank
or any other finance company.
• Minimal processing fees.
• Cryptocurrencies are digital. Hence cannot be
counterfeited.
• Immediate settlement.
• Cryptocurrency makes international trade
more accessible by removing barriers.

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