Content

• 

Ø Introduction
• 

Ø What is the purpose of Crypto currency?

Ø Characteristics of Crypto Currencies
Ø Crypto Currency Mining
Ø How do crypto currencies work?
Ø Top 10 Crypto Currencies in 2021
Ø How to buy crypto currency?
Crypto Currency wallet (Get a Wallet)
 Advantages and Disadvantages
INTRODUCTION

 Simply A crypto currency is a digital currency. 

 A medium of exchange like normal currencies.

 it’s a currency associated with the internet that uses cryptography

 

 A digital currency that operate in a decentralized manner.

(Cryptocurrency: Definition, Creation & Impact, 2017)
THE CREATION OF CRYPTO CURRENCY

 2008 global financial crisis. Which hit the world economy system

 Self Control of financial assets.

 Lack of social trust or Risk control through cryptography

Source: (Nakamoto, 2008)
TWO MAIN ELEMENTS CRYPTO CURRENCIES 

 HARSHING:
• Verifies data integrity,
• encodes account address and transaction,
• it generate cryptographic puzzle

DIGITAL SIGNATURE:
• to sign monetary transaction,
• proof of account owner,
• it prove to the network that account owner agree to the transaction
CHARACTERISTICS OF CRYPTO-CURRENCIES
 

The 3 key characteristics of crypto currency that makes them special :

 Trustless: it was designed in a way that nobody has to trust anybody else in order for
the network to function.

 Immutable: difficult to rewrite history, owner can only move funds, all transaction are
recorded on block chain

 Decentralized: No one controls them

Alqassem, Israa & Svetinovic, Davor. (2014)

HOW CRYPTOCURRENCY WORKS

 It can be accessed through a software called wallets

It can be thought of like PayPal or bank credit

Its balances are recorded on a public ledger call block chain

It can be trade online or bought through a broker

 its is not centrally controlled
 CRYPTO-CURRENCY WALLET SETUP

Suleiman, Ahmed, Zafar, Phillips, Svetinovic, and de Weck,

(2012)
RISKS OF INVESTING IN CRYPTO CURRENCY

 Its operate entirely without government oversight

It doesn't physically exist

It is volatile
CRYPTOCURRENCIES USE DECENTRALIZED,
DISTRIBUTED SYSTEMS
CRYPTO CURRENCY PROCESS DIAGRAM

Cryptocurrency: Definition, Creation & Impact. (2017)

HOW TO 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.

HOW TO BUY CRYPTO CURRENCY

Suleiman, Ahmed, Zafar, Phillips, Svetinovic, and de Weck,

(2012)
Suleiman et al, (2012)
RECEIVING CRYPTOCURRENCY

Suleiman et al, (2012)

 DIFFERENCES BETWEEN CRYPTOCURRENCY AND
PAYPAL
 
  Crypto Currency PayPal
   

Decentralized Not Decentralized

   

 
Floated and not tied to the Pegged to the dollar
 

dollar
   

Behavior is backed military grade Behavior is backed by a contractual

cryptography, not by relationship with
contracts a corporation
Gervais, Karame, Capkun, and Capkun, (2013)
CRYPTO CURRENCY MINING
 Gaining crypto currencies by solving cryptographic equations
through the use of computers

Wallets uses an encrypted electronic signature to provide

mathematical proof for owner wallet incoming transaction

 process of confirmation of transaction and adding them to ledger. The

mining process is what gives values to the coins

http://www.coindesk.com/what-are-namecoins-and-bit-domains (2013)
TOP 10 CRYPTO CUREENCIES IN 2021
 Bitcoin (BTC)
 Ethereum (ETH)
 Chainlink (LINK)
 Polkadot (DOT)
 Cardano (ADA)
 Litecoin (LTC)
 Stellar (XLM)
 Uniswap (UNI)
 Ripple (XRP)
 EOS (EOS)
Cryptocurrency: Definition, Creation & Impact. (2017)
BENEFITS OF CRYPTO-CURRENCY
 
 
 
 

 Easy to carry.
 
 

 Simple, Fast, Safe & Cheap.

 

 Low inflation & Collapse Risk.

 Untraceable.
 
 

 Access to Everyone
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 relativelyYoung 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.
THANKS FOR
LISTENING
REFERENCE

Cryptocurrency: Definition, Creation & Impact. (2017). Retrieved from https://

study.com/academy/lesson/cryptocurrency-definition- creation-impact.html.
H. Suleiman, K. Ahmed, N. Zafar, E. Phillips, D. Svetinovic, and B.O. de Weck, (2012) “Inter-domain analysis of smart
grid domain dependencies using domain-link matrices,” Smart Grid, IEEE Transactions on, vol. 3, no. 2, pp.
692–709,
Alqassem, Israa & Svetinovic, Davor. (2014). Towards Reference Architecture for Cryptocurrencies: Bitcoin
Architectural Analysis. 436-443. 10.1109/iThings.2014.78.
N. Zafar, E. Arnautovic, A. Diabat, and D. Svetinovic, (2014)“System securityrequirements analysis: A smart grid case
study,” Systems Engineering,vol. 17, no. 1, pp. 77–88
“What are namecoins and bit domains? (2013) ”http://www.coindesk.com/what-are-namecoins-and-bit-domains.
A. Gervais, G. Karame, S. Capkun, and V. Capkun, (2013) “Is Bitcoina Decentralized Currency?” [Online]. Available:
https://eprint.iacr.org/2013/829.pd