An article on the introduction of Crypto currency and its scope of market. For further details watch the following videos to get a better idea https://www.youtube.com/watch?v=M_zCjjy59cg https://www.youtube.com/watch?v=s4g1XFU8Gto https://www.youtube.com/watch?v=GmOzih6I1zs

1. Group 5
Jaswanth
Evangeline
Maharaj
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2. WHAT IS CRYPTO CURRENCY?
• A medium of exchange. Ex: USD, Rupee, etc
• Designed for the purpose of exchanging digital information through a
process (by principles of cryptography)
• Cryptography is used to secure the transactions and to control the creation
of new coins
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3. DIFFERENT TYPES OF CRYPTO-CURRENCY
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5. WHAT IS BITCOIN?
• Bitcoin is a currency created in 2009
• By an unknown person using the alias Satoshi Nakamoto
• Transactions are made with no middle men
• No transaction fees and no identity
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6. WHAT IS BITCOIN MINING?
• The process by which transactions are verified and added to the public ledger,
known as the block chain
• The means through which new bitcoin are released
• The mining process involves compiling recent transactions into blocks and
trying to solve a computationally difficult puzzle.
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7. MINING
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8. FEATURES OF BITCOIN
• All-electronic & Fast
transactions
• Low-cost transactions
• Divisible down to 0.00000001
BTC
• No third-party trust required
• Uncontrollable (Decentralized)
• No double-spending
• Some anonymity
(pseudonymity)
• Inflation resistant
• Deflationary (Maximum of 21M
issued)
• International
• Widely accepted as a currency
• Central governments can’t take it
away
• You can create your own money
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9. DISADVANTAGES
• Degree of acceptance
• Volatility
• Ongoing development
• Possible Government Interference
• Lack of resource
• Money Laundering/Black
Market
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10. ALTCOINS
• Litecoin
• Feathercoin
• Namecoin
• PPCoin/Peercoin
• Zerocoins
• Mastercoin
• Quark
• Devcoin
• Dogecoin
• Terracoin
• Bytecoin
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11. DOOM AND GLOOM
• Some people say Bitcoin is not a currency and is doomed to fail
• Almost everyone predicting the downfall of Bitcoin doesn’t
really understand bitcoin
• The arguments generally fall into the following categories
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DOOM
• Some people say Bitcoin is not a currency and is doomed to fail
• Almost everyone predicting the downfall of Bitcoin may not
really understand bitcoin
GLOOM OR

13. CONTEMPLATING CHANGE
• Bitcoin legal in India (2013)
• RBI to launch “LAKSHMI”
• Discomfort with foreign bitcoins
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