A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.
2. Contents
S.No. Topic Slide No.
1 What is Cryptocurrency? 3
2 Conventional vs Digital Currency 4-5
3 Why use Cryptocurrency? 6
4 Risks 7
5 Types of Cryptocurrency 8
6 LITECOIN 9
7 BITCOIN 10
8 ETHEREUM 11
9 ZCASH 12
10 PEERCOIN 13
11 WORLDCOIN 14
12 MONERO 15
13 Conclusion 16
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3. What is Cryptocurrency?
A cryptocurrency (or crypto currency) is a
digital asset designed to work as a medium of
exchange using cryptography to secure the
transactions and to control the creation of
additional units of the currency.
3
7. Risks
•Hackers. Cryptocurrencies are targets for highly sophisticated
hackers, who have been able to breach advanced security systems.
•Fewer protections. If you trust someone else to hold your
cryptocurrencies and something goes wrong, that company may not
offer you the kind of help you expect from a bank or debit or credit
card provider.
•Cost. Cryptocurrencies can cost consumers much more to use than
credit cards or even regular cash, often due to price volatility.
•Scams. Fraudsters are taking advantage of the hype surrounding
virtual currencies to cheat people with fake opportunities.
•Lack of Transparency. The anonymous nature of cryptocurrencies
make transparency and accountability difficult for consumers seeking
to ensure the safety of their investments.
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9. Plural Litecoin
Symbol Ł
Original author(s) Charlie LeeInitial
Release 7 October 2011 6 years ago
Circulating supply 54,535,183 LTC (29 December 2017)
Supply limit 84,000,000 LTC
Valuation
Market cap $6.8 billion USD (2 February 2018)
1 LTC =$144.21038(9 February 2018)
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10. • Both a cryptocurrency and an electronic payment system
• Satoshi Nakamoto in 2008
• First decentralised payment network
• System is peer-to-peer
• 21 million bitcoins
• Completely Open source
• 1BTC = $1258.48
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11. Launched 2015, During 2014, Ethereum had launched a
pre-sale for ether which had received an overwhelming
response. The applications on Ethereum are run on its
platform-specific cryptographic token. According to
Ethereum, it can be used to “codify, decentralize, secure
and trade just about anything.” Ethereum was split into
Ethereum (ETH) and Ethereum Classic (ETC). Ethereum
(ETH) has a market capitalization of $41.4 billion, second
after Bitcoin among all cryptocurrencies.
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1 ETH = $ 796.18296
(9 FEBUARY 2018)
12. Zcash, a decentralized and open-source
cryptocurrency launched in the latter part of 2016,
looks promising. “If Bitcoin is like http for money,
Zcash is https," is how Zcash defines itself. Zcash
offers privacy and selective transparency of
transactions. Thus, like https, Zcash claims to
provide extra security or privacy where all
transactions are recorded and published on a
blockchain, but details such as the sender, recipient,
and amount remain private.
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1 ZCASH = $ 411.68167
(9 FEBURY 2018
13. 13
• Increased security via Proof-of-work +
proof-of-stake hybrid algorithm
• Energy efficiency - generating proof-of-
stake blocks
• Current market cap - $116 million
• 1 PPC = $ 3.3538886 (9 FEBUARY 2018)
14. 14
• Faster transaction time – 30 sec (over 20 x
faster that Bitcoin)
• 1% reward reduction weekly, encouraging
quicker adoption
• 1 hour, maximum 10% difficulty retargeting
to prevent pool abuse
• Market cap - $24.5 million
• 1 WDC = $ 0.01471885 (9 FEBUARY 2018)
15. Monero is a secure, private and untraceable
currency. This open source cryptocurrency was
launched in April 2014 and soon spiked great
interest among the cryptography community and
enthusiasts. Monero has been launched with a
strong focus on decentralization and scalability,
and enables complete privacy by using a special
technique called ‘ring signatures’.
1 ZMR =$ 238.35396(9 FEBUARY 2018)
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16. Conclusion
Cryptocurrency is an impressive technical achievement, but it remains a
monetary experiment. Even if cryptocurrencies survive, they may not fully
displace fiat currencies. As I have tried to show in this presentation, they provide
an interesting new perspective from which to view economic questions
surrounding currency governance, the characteristics of money, the political
economy of financial intermediaries, and the nature of currency competition.
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