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    Cryptocurrency PPT New

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    Prakhar Pratap Singh
    This document provides an overview of cryptocurrency, including what it is, how mining works, examples like Bitcoin, and the scope and future of cryptocurrency. Cryptocurrency uses cryptography to function as a decentralized digital currency. It discusses how Bitcoin is a popular cryptocurrency worth over 5 lakh rupees. It also outlines the types of cryptocurrencies, questions of whether to invest, and bans in India. Overall, the document examines cryptocurrencies while acknowledging obstacles to replacing conventional currencies but possibilities for increased transparency.

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    Cryptocurrency PPT New

    Uploaded by

    Prakhar Pratap Singh
    4K views15 pages
    This document provides an overview of cryptocurrency, including what it is, how mining works, examples like Bitcoin, and the scope and future of cryptocurrency. Cryptocurrency uses cryptography to function as a decentralized digital currency. It discusses how Bitcoin is a popular cryptocurrency worth over 5 lakh rupees. It also outlines the types of cryptocurrencies, questions of whether to invest, and bans in India. Overall, the document examines cryptocurrencies while acknowledging obstacles to replacing conventional currencies but possibilities for increased transparency.

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    This document provides an overview of cryptocurrency, including what it is, how mining works, examples like Bitcoin, and the scope and future of cryptocurrency. Cryptocurrency uses cryptography to function as a decentralized digital currency. It discusses how Bitcoin is a popular cryptocurrency worth over 5 lakh rupees. It also outlines the types of cryptocurrencies, questions of whether to invest, and bans in India. Overall, the document examines cryptocurrencies while acknowledging obstacles to replacing conventional currencies but possibilities for increased transparency.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    4K views15 pages

    Cryptocurrency PPT New

    Uploaded by

    Prakhar Pratap Singh
    This document provides an overview of cryptocurrency, including what it is, how mining works, examples like Bitcoin, and the scope and future of cryptocurrency. Cryptocurrency uses cryptography to function as a decentralized digital currency. It discusses how Bitcoin is a popular cryptocurrency worth over 5 lakh rupees. It also outlines the types of cryptocurrencies, questions of whether to invest, and bans in India. Overall, the document examines cryptocurrencies while acknowledging obstacles to replacing conventional currencies but possibilities for increased transparency.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    You are on page 1of 15

    CRYPTOCURRENCY-21 ST

    CENTURY UNICORN-OR THE


    MONEY OF FUTURE ?
    TEAM NAME: TEAM ALPHA
    MEMBERS:
    NISHANT SRIVASTAVA
    PRAKHARIMA SINGH
    SHRISHTI SINGH
    WHAT IS
    CRYPTOCURRENCY ?
    This Photo by Unknown Author is licensed under CC BY-SA

    Cryptocurrency is an internet based


    medium of exchange which uses
    cryptographical function to conduct
    financial transactions.
    ‘Crypto’ is a Greek word meaning
    ‘hidden’; ‘crypt’ translates ‘hidden place’ .

    This Photo by Unknown Author s licesed under CC BY-S


    WHAT IS MINING ?

    This Photo by Unknown Author is licensed under CC B

    It is a process in which transactions


    for various forms of cryptocurrency
    are verified and added to
    blockchain digital ledger.
    This Photo by Unknown Author is licensed under CC B
    BITCOIN: A CRYPTOCURRENCY
    Bitcoin is considered
    as the biggest crypto
    often referred to as
    “Cash for internet",
    Bitcoin is one of the
    several popular digital
    payment currencies
    along with Litecoin,
    Peercoin etc.
    1 Bitcoin equals
    5,82,660.83 Indian
    rupee.
    TYPES OF CRYPTOCURRENCY:-
    RELEASE CURRENCY FOUNDERS PROGRAMMING
    LANG.
    2009 Bitcoin Satoshi Nakamoo C++

    2011 Litecoin Charlie Lee C++

    2011 Namecoin Vincent Durham C++

    2012 Peercoin Sunny King C++

    2013 Dogcoin Jackson Palmer C++

    2013 Gridcoin Rob Halfords C++

    2013 Primecoin Sunny King C++,type script


    SHOULD WE INVEST IN
    CRYPTOCURRENCY?
    Investing and trading in cryptocurrencies involves substantial risk of
    loss and is not suitable for every investor. The evaluation of
    cryptocurrencies and futures may fluctuate , and, as a result client
    may loose their own individual investment .

    This Photo by Unknown Author is licensed under CC BY-SA


    BAN ON CRYPTOCURRENCIES INDIA

    • The committee headed by


    finance secretary Subhash
    Garg has proposed a draft
    bill “Banning of
    Cryptocurrency &
    Regulation of Official
    Digital Currency Bill , 2019”,
    which has been placed in
    This Photo by Unknown Author is licensed under CC BY-ND the public domain .
    BITMEX
    Founded by HDR Global Trading Limited (which in turn
    was founded by former bankers Arthur Hayes, Samuel
    Reed and Ben Delo) in 2014, BitMEX is a trading
    platform operating around the world and registered in
    the Seychelles.
    • BitMEX allows users to trade a number of different
    cryptocurrencies, namely Bitcoin, Bitcoin
    Cash, Dash, Ethereum, Ethereum
    Classic, Litecoin, Monero, Ripple, Tezos and Zcash.
    • ADVANTAGES • DISADVANTAGES
    Easy to use lack of knowledge
    Decentralization Strong volatility
    Can be used internationally Large risks of investing
    Low operation cost Non-reversal of payment
    Unlimited & fast transactions Not accepted widely
    Transparency Not secured storage
    SCOPE AND FUTURE OF CRYPTOCURRENCY
    • Economic analysts predict a big change in crypto , it is coming as institutional
    money enters the market.

    • Moreover, crypto may be floated on the Nasdaq, which would further add
    credibility to blockchain and its uses, as an alternative to convectional currencies .
    CONCLUSION

    Cryptocurrencies such as bitcoins still have numerous significant obstacles


    to overcome before they could totally replace current currency system .

    The introduction of cryptocurrencies may also lead to increased level of


    transparency and few incidents of fraud .

    However, cryptocurrencies are designed to be explicitly transparent and


    automatically detect fraud , greatly elevating the cost associated with
    managing associated system.
    THANK YOU
    A PRENTATION BY TEAM ALPHA
    g

    QUERIES…….

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