CRYPTOCURREN

CY

By
Gopika
 Introduction

In this presentation I will provide what is cryptography and

as a application of it we will see about cryptocurrency,Its
types and process of cryptocurrency.
 What is cryptography?

Cryptography or cryptology is the

practice and study for secure
communication.
More generally,it is about constructing
and analyzing protocols that prevent third
parties or the public from reading
private messages.
Most probally it works under the process
of encryption and decryption to secure
communication.
 Popular
cryptocurrencies
There are several types of
cryptocurrencies,but some of
the most popular ones include
 Bitcoin.
Ethereum.
Litecoin.

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 How it works?
Cryptocurrency is the digital money
which works under the process of
"BLOCK CHAIN".Which was
introduced by Sathoshi Nakamoto
Block chain is a distributed
database that maintain a continuosly
growing list of ordered records called
blocks these are connected using
cryptography.
For example : bank and healthcare.
Difference of coventional & cryptocurrency

Coventional money has setup with limit

whereas in crypto we can set limitless money
in crypto wallet.
crypto money cannot be hacked easily but
conventional moneyby third person easily.
In crypto there is no intermediater but in
conventional money trasffering requires an
intermediater.
There will be a rapid transaction in crypto
rather than conventional currencies.
Conventional money is accepted in national
level.cryptocurrency is accepted in global level.
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 Investments in cryptocurrency

1Bitcoin value = 2300 American

dollars
As cryptocurrency is a
decentralized system it is created
by minning. Which means solving
maths problems so it can be easily
hacked .
In cryptocurrency not only
investing we can also earn
money by trading ,swing
trade,buying and selling
products,long term investment
are the ways to earn money by
cryptocurrency.
Future of cryptocurrency
More retailers will begin to
BTC.
Used in international trading
to avoid currency exchanges.
Beome as common as credit
cards.
Less volatility in hard currency
value.
Reducess the limitations of
cryptocurrency presently face.

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Converting to normal currencies

www.btc-e.com and
bitstamp.com
You can send the currency
from your wallet to the
exchange covert it to
whatever currency you
desire(USD,Euro, ruble)
You can send it to your
bank account through a
wire transfer.
 Conclusion

Crypto currency is an
impressive technical
achievement but it remains
a monetary experiment.
Even if crypto curriences
This Photo by Unknown author is licensed under CC BY-ND. survive they may not
fully displace flat currencies