2. • WHAT IS CRYPTOCURRENCY
• MAJOR CRYPTOCURRENCIES
• WHAT ARE BITCOINS
• WHAT IT IS BASED ON ?
• HOW TO OBTAIN BITCOIN ?
• LITECOIN
• PEERCOIN
• NAMECOIN
• WORLDCOIN
• OTHER MAJOR
CRYPTOCURRENCIES
• LEGALITY OF BITCOINS IN WORLD
3. It is the medium of exchange for goods and
services on internet.
Unlike the our hard cash it is impossible to
touch and feel this.
What is Crypto-currency ?
5. HOW CAN ONE OBTAIN
CRYPTOCURRENCIES?
Earn Bitcoins from mining
Earn Bitcoins by accepting them as a means of
payment
Earn Bitcoins trough trading
Earn Bitcoins as a regular income
Earn Bitcoin from interest payments
Various ways (donations, gambling, getting tipped,
completing tasks on websites...)
6.
7. Bitcoin is software-based online payment system described by Satoshi
Nakamoto in 2008. And introduce as open-source software in 2009.
It is a form of digital currency (physical form is absent), created and held
electronically. It is used to buy things electronically and in that sense it is no
different than conventional currency.
Payments are recorded in a public ledger using its own unit of account
(Bitcoin).
Bitcoin is commonly referred to as cryptocurrency and it can be divided into
smaller unit called Satoshi.
8. Features of BTC
Bitcoin has several features that set it apart from fiat
currencies:
It is decentralized
It is easy to set up and it is fast
It is anonymous
It is completely transparent
Transaction fees are miniscule
Transactions are irreversible
9. LITECOIN
Based on Bitcoin protocol
Can be efficiently mined on consumer grade
hardware
Faster transaction confirmations (2.5min on
average)
Proof-of-stake in addition to proof-of-work
Scheduled to produce 84 million currency units
Current market cap - $867 million
10. PEERCOIN
Increased security via Proof-of-work + proof-of-
stake hybrid algorithm
Energy efficiency - generating proof-of-stake
blocks
Current market cap - $116 million
11. NAMECOIN - NMC
• Key/Value registration and transfer system
• Based on Bitcoin technology
• Allows you to:
– Securely register and transfer arbitrary names (keys)
– Attach value (data) to the names
– Trade and transact namecoins
• Use cases:
– Time stamping
– Bonds, shares
– Voting / Web of Trust
• Market cap - $62 million
12. WORLDCOIN
• Faster transaction time – 30 sec (over 20 x faster
than Bitcoin)
• 1% reward reduction weekly,
• encouraging quicker adoption
• Market cap - $24.5 million
13. OTHER MAJOR
CRYPTOCURRENCIES
QUARK
• Uses nine rounds of secure hashing from six different
algorithms
• Extra secure
• Market cap - $30 million
PRIMECOIN
• Cryptocurrency with Prime Number Proof- Of-Work
• First currency to have non-hashcash proof-of-work
• Market cap - $16.9 million
FEATHERCOIN
• Market Cap - $15.9 million
MEGACOIN
• Restricted to 42 million
• Market cap - $26 million
14. LEGALITY OF BITCOINS IN DIFFERENT COUNTRIES
PERMISSIVE CONTENTIOUS HOSTILE UNKNOWN
When I talk to my family, crypto, james bond, secret communication.
Currency is money, why the relationship? Cryptography allows to do apparently impossible things in the digital world. Physics limits us IRL, cryptography (computaional hardness) limits us in the digital life.