Project Report

On

“CRYPTOCURRENCY”

Submitted in partial fulfilment of the requirement for the award of

MASTERS IN BUSINESS ADMINISTRATION

From
NARAYANA BUSINESS SCHOOL, AHMEDABAD

Submitted By

Name : Vinayak Pandla

Enrolment No : MBA2020-170
Batch : 2020-22

Under the Guidance of

Mentor Name: Mr. Imroz Mansuri

Designation : Assistant Professor

Crypto or cryptocurrency is a virtual currency secured by cryptography. It is designed to work
as a medium of exchange, where individual ownership records are stored in a computerized
database.

Definition of Cryptocurrency
Cryptocurrency is a digitized asset spread through multiple computers in a shared network. The
decentralized nature of his network shields them form any control form government regulatory
bodies.

As per experts any system fall under the category of cryptocurrency must meet the following imp
points.
 System maintain records of crypto unit and who won them.
 Crypto maintained through distributed network.
 Ownership of crypto unit can be proved exclusive cryptographically.
 System allow transaction to be performed in which ownership of the cryptographic unit is
change.

Types of Cryptocurrency
 Bitcoin  Litecoin
 Peercoin  Namecoin
 Ethereum  Cardana

Advantages-
 Payment are safe and secure
 Fund transfer are completed with lower processing fees.
 Fund transfer between two parties will be easy and safe.

Disadvantages-
 Payment are not refunded.
 Everywhere, cryptocurrencies are not accepted.