CRYPTO CURRENCY

BY GROUP NO: 03

 LUCKY ALI
 ADARSH JAYADAS
 MANU TIWARI
 SHIRSH SHARMA
 WHAT IS CRYPTO CURRENCY?
 Crypto currency is a form of digital money
that is designed to be secure.
 It is a currency associated with the internet
that uses cryptography, the process of
converting legible information into an
almost uncrackable code, to track
purchases and transfers.
The first decentralized cryptocurrency, bitcoin,
was created in 2009 by pseudonymous
developer Satoshi Nakamoto.
In April 2011, Namecoin was created as an
attempt at forming a decentralized DNS,
which would make internet censorship very
difficult. Soon after,
In October 2011, Litecoin was released.
 BENEFITS OF CRYPTOCURRENCY
Transactions
Asset Transfers
More Confidential Transactions
Transaction Fees
Greater Access to Credit
Easier International Trade
Individual Ownership
Adaptability
Strong Security
 RISKS
Hackers. Cryptocurrencies are targets for
highly sophisticated hackers, who have been
able to breach advanced security systems.
Fewer protections. If you trust someone else
to hold your cryptocurrencies and something
goes wrong, that company may not offer you
the kind of help you expect from a bank or
debit or credit card provider.
Scams. Fraudsters are taking advantage of the
hype surrounding virtual currencies to cheat
people with fake opportunities.

Lack of Transparency. The anonymous nature

of cryptocurrencies make transparency and
accountability difficult for consumers seeking
to ensure the safety of their investments.
 HOW DOES CRYPTO CURRENCY WORK

A cryptocurrency has a ledger, where all

transactions are made public so that total
visibility is provided. Having a ledger forces
everyone to "play fair" and takes away the risk
of double spending.
The ledger is a list of entries in a database that
nobody can change without fulfilling specific
conditions. Nobody owns the ledger or the
cryptocurrency blockchain; instead, it’s
decentralized meaning self-run and self-
governed without the interference of outside
parties.
TYPES OF CRYPTOCURRENCIES
 13 TYPES OF CRYPTOCURRENCY
THAT AREN’T BITCOIN:

Zcash
Ethereum
Ripple
Bitcoin Cash
Cardano
Litecoin
NEM
Stellar
NEO
IOTA
Dash
Monero
Tron
THANK YOU