Block chain and

Crypto currency

PRESENTED BY:
Gohar Khalid Kamal (024)
Aysha ziaulhauqe (014)
Sidra junaid (070)
Irza Fatima (032)
 Block Chain
• What does block chain term mean?
• Why is it called block chain?
• What is it used for?
• What is the main purpose of block chain?
• What is an example of block chain?
• What are advantages or disadvantages of block chain?
What does block chain term mean?

• A block chain is essentially a digital ledger of

transactions that is duplicated and distributed
across the entire network of computer systems on
the block chain
• it can also be described as a data structure that
holds transactional records, while ensuring security,
transparency, and decentralization.
• You can also think of it as a chain or records stored
in the forms of blocks which are controlled by no
single authority
Why is it called block chain?
• Block chain owes its name to how it works and the
manner in which it stores data.
• The information is packaged into blocks, which link to
form a chain with other blocks of similar information
What is it used for?
• As a database, a block chain stores
information electronically in digital format
• Block chains are best known for their crucial
role in crypto currency systems, such as Bit
coin, for maintaining a secure and
decentralized record of transactions
• The innovation with a block chain is that it
guarantees the fidelity and security of a
record of data and generates trust without the
need for a trusted third party.
What is the main purpose of block chain?

• The primary use of block

chains is as a distributed
ledger for crypto
currencies such
as Bitcoin
• This technology offers
new tools for
authentication and
authorization in the
digital world
Examples of block chains
• There is no such thing as ‘the block chain’. There
exists many different blockchains today, some are
operated in public and some in private. Without
being comprehensive, the following are well-known
block chain implementations today.
• The seminal example is Bitcoin, of whom 667 other
crypto currencies were derived.
• Other crypto currency families are based on Byte
coin, NXT and XRP.
• Ethereum, which includes its own currency (Ether),
is also a block chain.
Advantages Disadvantages
• Block chain creates • Block chain is not a
trust between
Distributed
different entities
Computing System
where trust is either • Scalability Is An Issue
nonexistent or • Some Blockchains
unproven
Solutions Consume
• Improved security Too Much Energy
and privacy • Block chain Cannot
• Reduced cost Go Back — Data is
• Speed Immutable
• Visibility and • Sometimes Inefficient
traceability
 Crypto currency
• What is crypto currency
• Properties of crypto currency
• Mining
• Properties of crypto currency
• Advantages and disadvantages
• Crypto currency and block chain
• Examples
• conclusion
What is Crypto currency?
• Crypto currency is a digital
currency in which
transactions are verified
and records maintained by
a decentralized system
using cryptography, rather
than by a centralized
authority.
Mining
• To explain what a crypto currency is,
we need to talk about the mining
process. Since the system is fully
decentralized, no one can control it.
This also means that no one can
give someone the task of becoming
a miner. But this does also mean
that no one can prevent anyone
from becoming a miner. 
Properties of Crypto currency
• Transactions are irreversible.
• It is always possible to look at the flow of every
transaction on a crypto network, but it is
impossible to know which people are involved.
• Transactions can be done in a matter of
seconds.
• It is also extremely secure since only the owner
of a private key can send crypto currencies.
• There are no limitations to a crypto currency.
• They make it easier
to transfer funds • Crypto currencies
directly between two are claimed to be
parties. anonymous, but they
• Investments can be are pseudonymous
used to generate • Crypto currencies
profits. have become a
• Cost effective mode popular tools
of transaction regarding illegal
• Secure and private activity
• Currency exchanges
finish smoothly
Crypto currency and Block chain
• Functionality of crypto currency are
block chain technology.
• Block chain is essentially a set of
connected blocks, and each block
contains a set of transactions.
• Every new block generated must be
verified by each node before being
confirmed, making it almost impossible
to forge transaction histories.
Bitcoin Ethereum Ripple litcion
Conclusion
THANKYOU FOR YOUR
ATTENTION