Introduction to

Cryptocurrency
 Brief History of Money

• Barter

• Gold

• Bank Note

• Fiat

• Digital Fiat
What’s a good internet money?

• Anti double spending

• Easy to be divided

• Portable

• Secure

• Decentralized / No Single point of failure

Blockchain

• Tamper proof

• Immutable

• Decentralised
 Blockchain
64 character

Any text + Hash = 5123f87132b7234342ca123

📑 + Hash = 823649b6243824f7347ac82

Di culty level

📑 + 1234
+ Hash = 823649b6243824f73470000
ffi
 Blockchain

Hash + Nonce + 📑 = Block

Block Block Block Block Block

 Bitcoin

👩🔧 📑
👨💼 📑

🧑💼 📑
👨💻 📑
 Ethereum

• Instead of ledger, what if we stored source code in the blockchain.

• We can also embed virtual computer to run that code.

• So we will have program that is guaranteed to run and transparant

rules.
 Smart Contract
• Real World contract require law enforcement to ensure both party respect
the contract.

• Real World contract require notary system to ensure the contract is

immutable.

• Smart Contract Guarantee both of them.

• Implementation can happened super fast

• Exploitation can happened super fast.

 Identify Crypto Category

• Digital Cash/Store Value : Bitcoin, Litecoin, Doge

• Blockchain Platform: ETH, ADA, Matic

• Smart Contract

• Token/Stablecoin : IDK, USDT, TEN

• De , etc: UNISWAP
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Own Wallet vs Centralized Wallet
Risk Level Own Wallet Centralised Wallet

Forgot your Key High Low

Account got hacked High Low

Platform got hacked Zero Low

Platform stole your

Zero High
money
 Price Movement

• Supply and Demand

• Market Cap and Liquidity

• Variety of instrument (spot, loan, futures, insurance, options)

• Utility vs Hype