Seminar

on
Crypto-Currency

Submitted By:
LinkedIn: Sarvesh Kumar Meena
sarveshmeena1994@gmail.com
M.Tech-CSE
 Content
 Introduction
 History
 What is the purpose of Crypto currency?
 Characteristics of Crypto Currencies
 Mining
 How do crypto currencies work?
 Top 10 Crypto Currencies in 2016
 How to buy crypto currency?
 Crypto-Currency wallet (Get a Wallet)
 Content….
 Differences between Crypto Currency and
PayPal
 Economics
 Advantages of Crypto Currency
 Benefits of Crypto Currency
 Disadvantages of Crypto Currency
 Conclusion
 Reference
 Introduction
• Simply A crypto currency is a digital currency.

• A medium of exchange like normal currencies.

• Crypto currencies are classified as a subset of digital

currencies and are also classified as a subset of alternative
currencies and virtual currencies .
 History
• In 1998, Wei Dai Published a Description of “B-Money”, an
anonymous, distributed electronica cash system.

• Nick Szabo created "bit gold" Like bit-coin and other crypto
currencies.

• The first crypto-currency to capture the public imagination

was Bit-coin, which was launched in 2009 by an individual or
group known under the pseudonym Satoshi Nakamoto.
What is the purpose of Crypto currency?

• A crypto-currency is a medium of exchange like normal

currencies such as USD, but designed for the purpose of
exchanging digital information through a process made
possible by certain principles of cryptography.

• Cryptography is used to secure the transactions and to

control the creation of new coins.
 Characteristics of Crypto Currencies

• Use a number of different algorithms

• Traded in different ways

• Main characteristics that should consider by the

customer are ;

 Market capitalization and Daily trading volume

Verification Method • Retailer acceptance

 Mining
• Mining programs tap into your computer's hardware
resources and put them to work mining Bit-coin,
Litecoin, or another type of crypto-currency.

• And no, even if your hardware is used to generate money

for them, you don't get any of it.

• They get all the money from putting your hardware to

work
How do crypto-currencies work?
• Crypto-currency is an encrypted decentralized digital
currency transferred between peers and confirmed in a
public ledger via a process known as mining.

• First, let's review the basics and essentials of crypto-

currency, and then we will do an overview of the other
properties that have made crypto-currency what it is
today
 Top 10 Crypto Currencies in 2016
 Bit-coin (2009)
 Black-Coin (2014)
 Dash(2015)
 Doge-coin (2013)
 Lite-coin (2011)
 Name-coin (2011)
 Nxt (2013)
 Peer-coin (2012)
 Prime-coin (2013)
 Ripple(2013)
 How to buy crypto currency?
(Where can I buy crypto-currency?)
• Crypto-currencies are assets created digitally following
specific rules and can be exchanged among users just like
any other currency.

• In order to acquire crypto assets, the equivalent of a

currency exchange office is needed.

• This function is mainly done through an exchange or

a broker.
 Crypto-Currency wallet
• A crypto-currency wallet is a secure digital wallet used
to store, send, and receive digital currency like Bit-coin.
Most coins have an official wallet or a few officially
recommended third party wallets .
 Getting a digital wallet

• If we want to receive, store, or send EUR, you need a

bank account. In the crypto world, you need a digital
wallet.

• There are many wallet types and providers.

• To buy coins and set up a wallet with Coin-base you’ll

need your ID, credit card or bank account details.
 Differences between Crypto
Currency and PayPal
Crypto Currency PayPal
Decentralized Not Decentralized

Floated and not tied to the Pegged to the dollar

dollar

Behavior is backed military Behavior is backed by a

grade cryptography, not by contractual relationship with
contracts a corporation
 Economics
• Crypto-currencies are used primarily outside existing
banking and governmental institutions, and exchanged
over the Internet.

• As of June 2017 total market capitalization of crypto-

currencies is bigger than 100 billion USD and record high
daily volume is larger than 6 billion USD.
Competition in crypto-currency markets

• As of September 2017, there were over 1100 digital

currencies in existence.
Crypto-currency Market Capitalizations
 Benefits of Crypto Currency
• Easy to carry.

• Simple, Fast, Safe & Cheap.

• Low inflation & Collapse Risk.

• Untraceable.

• Access to Everyone.

• Decentralization Nature.
 Disadvantages of Crypto Currency

• Lack of Awareness and understanding.

• Risk of Volatility.

• Still Developing
 Conclusion
• As you can see, any crypto-currency until now is not
perfect.
• It have many advantages; however, it also has its
disadvantages.
• This is mostly due to the fact that it is still a relatively
young and new currency.
• People are just beginning to become more aware of it.
• In order for Crypto-currency to succeed, more people need
to understand what it is.
 Reference
 www.investopedia.com/terms/c/cryptocurrency.asp
 https://en.wikipedia.org/wiki/Cryptocurrency
 https://www.slideshare.net
 https://coinmarketcap.com/