CRYPTOCURRENCY

making the difference
Cryptocurrency
By: Miral Bhanushali

• 12 August 2021
1. Introduction to Cryptocurrency
2. What is blockchain technology?
3. Mining
4. What is bitcoin?
5. Disadvantages Advantages
Table of Contents
6. Should You Invest in
Cryptocurrency?
7. Legality of cryptocurrency
Institute of Management Development and Research 2

Digital or virtual Uses cryptography to
Works as a medium
currency that takes secure its
of exchange
form of a token or a transactions
coin.
What is
Cryptocurrency ???
Free from Developed as code by
Works on a
government team through a
technology called
manipulation and process called
block chain
control “mining”
Institute of Management Development and Research

3
Cryptocurrency with simple example:
A,B and C decided to go for a B and C do not have enough money

A paid their share for the ticket
movie to buy tickets
Rs 90
Still pending
RS 190
RECEIVABLE
So they decided to keep one But A can change Rs 90 to Rs 190 Now A wants his money back. They wrote it on
copy of paper with each of them and scam others a piece of paper and signed under the
declaration
A blockchain is an open, distributed ledger
01 that records transactions in code
Allows a secure way for individuals to deal

02 directly with each other, without an
intermediary like a government, bank .
What is Blockchain? The growing list of records, called blocks, is

03 linked together using cryptography
04 Once recorded, the data cannot be altered

How do they mine??
• By solving complex mathematical puzzle and including the answer in block
• A GPU (graphics processing unit) or an application-specific integrated
circuit (ASIC) is needed in order to set up a mining rig.
• Miners have become very sophisticated over the past several years using complex
machinery to speed up mining operations.
Rewards:
Mining •By mining, you can earn cryptocurrency
without having to put down money for it.
•Bitcoin miners receive Bitcoin as a reward

for completing "blocks" of verified
transactions, which are added to the
Adding the transactions to the public ledger blockchain.
(block chain) to validate the transaction is
called MINING.

No No
intermediary geographical
required barrier
Advantages of
Cryptocurrency Less charges Immediate
transaction
Greater Potential of
Liquidity higher returns

Unregulated and
Environmental
unbacked
Impacts
Highly Volatile Scams and

frauds
Dark side of
Cryptocurrency
Used for Transaction
illegal activity are
irreversible

Launched in It is one of the Limited supply, The price of Market
2009 by most popular there are exactly bitcoin was capitalization of
unknown person coins among the 21 million bitcoin 1Million last year bitcoin 720 billion
Mr. Satoshi cryptocurrency all over the world. and today it is US$
Nakamoto spaces all over the 3.5Million rupees
world.
Less charges
What is Bitcoin?
Anonymity
and privacy

Launched in 2009 by Mr.
There areNakamoto
Satoshi advantages and disadvantages to investing in cryptocurrency.
Ultimately, whether you choose to invest will depend largely on your
tolerance for risk.
If a person is willing to take on higher levels of risk and believe

cryptocurrency may be the next big thing, it may not hurt to add a small
amount to your portfolio. Otherwise, it is better avoiding
Should You Invest cryptocurrency for right now.
in Less charges
Cryptocurrency?
Experts say that one should not invest in crypto if he can’t meet other
financial needs like paying debts, building emergency funds or other
retirement plan
Cryptocurrency investing is risky but can reward

too. Risks to know, how to make the most of the
opportunity
10
Institute of Management Development and Research
Legality Of Cryptocurrency
INDIA JAPAN CHINA USA
Absolute ban. Maintains a bitcoin-

Blocked access to friendly stance while
Not illegal but First to declare it all cryptocurrency also ensuring the
unregulated as a legal tender domestic and cryptocurrency is not
foreign exchanges used for money
laundering
11
Guess the cryptocurrency
12
Thank you
13

CRYPTOCURRENCY

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making the difference

By: Miral Bhanushali

Institute of Management Development and Research 2

Institute of Management Development and Research

A,B and C decided to go for a B and C do not have enough money

Allows a secure way for individuals to deal

What is Blockchain? The growing list of records, called blocks, is

04 Once recorded, the data cannot be altered

Institute of Management Development and Research 5

•Bitcoin miners receive Bitcoin as a reward

Institute of Management Development and Research 6

Institute of Management Development and Research 7

Highly Volatile Scams and

Institute of Management Development and Research 8

Institute of Management Development and Research 9

If a person is willing to take on higher levels of risk and believe

Cryptocurrency investing is risky but can reward

INDIA JAPAN CHINA USA

Absolute ban. Maintains a bitcoin-

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