Basics Of Cryptocurrency.

2. 1. What is cryptocurrency?
2. The Difference between real currency and cryptocurrency
3. Why use cryptocurrency?
4. Evolution
5. Categories of cryptocurrency
6. Major cryptocurrency
7. Bitcoin
8. Benefits and Risks

4. • Today cryptocurrencies have become a global phenomenon known to most
people. While still somehow geeky and not understood by most people,
banks, governments and many companies are aware of its importance.
• Digital currency
• Decentralized system
• First cryptocurrency
• No. of cryptocurrencies

5. REAL CURRENCY CRYPTOCURRENCY
•Money •Crypto-money
•Cash payment •Online payment
•Traded between nations in exchange
markets which determine the relative
value of different currencies.
•Traded on a particular bitcoin/coin
exchange using cryptography .
•Unique id for every bank note / coin •Decentralized
•Issued by central banks and defined by
governments
•Bitcoin can be issued by everyone who
owns a required tool .
•High security standard •High security standard

6. • Fast and cheap
• Easy to use
• Free to transfer and hold
• Decentralized control – Users are the only owners of cryptocurrency
• Central government cant take it away and there are no chargebacks
• Privacy and security- anonymous payments
• Due to no intermediary (such as bank or credit card company) users
have freedom to transact
• Transparency is maintained through public ledger system
• Reduced ”FRAUD” – eliminates cases of credit card frauds

7. Year Name Description
2009 Bitcoin First Cryptocurrency and
used SHA-256d has
Hashing function
April 2011 Namecoin Decentralized DNS
October 2011 Litecoin First successful Scrypt
cryptocurrency
2012 Peercoin First use of POW & POS
functions
Early 2014 Monero Use CryptoNote Protocol.
2G of Cryptocurrency
2015 Capricoin Improved and more user

8. Cryptocurrencies –
Differentiation (Top
10)
Different
Types of
Algorithms
(Security etc.)
PeerCoin
Quark
Bitcoin
PrimeCoin
Proto Shares
Different Usage
NameCoin
Speed Of
Transaction
WorldCoin
LiteCoin
Type Of
Community
Feathercoin
MegaCoin
Investor
Involvement ?!?!

9. MAJOR CRYPTOCURRENCY
Bitcoin Litecoin Ripple Peercoin Mastercoin NXT Namecoin Quarkcoin Worldcoin Megacoin

10. • First decentralized peer to peer payment network powered by
its users(No central authority involved)
• Payments recorded in public ledger using units of currency
“BTC”.
• 1 BTC = 1,00,00,000 Satoshi
• 21million Bitcoin’s will be created or mined until 2140 hence it
is protected from inflation.
• Completely Open Source.

11. • Fast, Safe and cheap
• Ease of use and highly portable
• Untraceable
• Transparent and neutral
• Decentralized nature
• Active involvement of users
• Fewer risks of merchants
• Freedom of transact
• Low inflation and collapse risk

12. • Problems in implementation
• Hardware restrictions
• Instability
• Deflation
• Lack of replicability
• Cost
• Lack of awareness and understanding
• Still developing

13. • https://www.slideshare.net/sameer-satyam/cryptocurrency-
digital-currency-72381354
• https://steemit.com/bitcoin/@jerrybanfield/top-10-
cryptocurrency-questions-and-answers

14. Dhruv
Gandhi
Gokul Nair Savan Trada Sonali Bagia
Taruna
Chelani