Contents

• Crypto-currency: Basic definition

• Digital currency v/s crypto-currency
• 4 key concepts in crypto-currency
• Regulations in major countries
• How does crypto-currency work?
• Advantages of crypto-currency
• Disadvantages of crypto-currency
• Major crypto-currencies
• Future of crypto-currency
• Bibliography

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 What is crypto-currency?

• Relation to cryptography
and currency
• Digital currency
• Distributed networks
• Shared transaction ledger
• Anonymous
• Stable

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 Digital currency v/s Crypto-currency

Characteristics Digital currency Crypto-currency

Medium Digital Digital

Transaction
Banks Peer-to-peer
network
New money
Government Miners
creation

Validator Banks Miners

Authentication ID cards, password,

Digital signature
method pin
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 4 key concepts in crypto-currency
• Works like a wallet
Address • String of letters and numbers
• Tracks its own balance of Bitcoins

• Group of computers connected

Peer to Peer • No central location
• P2P network connect user for mining

• Works like a ledger, shared by all

Block chain • All transactions recorded
• Everyone has same block chain

• Powerful computers to track and compile

Mining/Miners • Communication of transactions to P2P
• Earn Bitcoin through ‘mining’

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 Regulations in major countries

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 How does crypto-currency works?

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 Advantages of crypto-currencies

• Faster- 10 mins vs. a few days

• Cheaper- 1% or free vs. 3% or more

• Greater privacy protection

• More secure

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 Disadvantages of crypto-currencies

• Volatility

• Acceptance

• Legal issues

• Security issues

• Regulations

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Overview of major crypto-currencies

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 Future of crypto-currency
• Too early to determine about the success
• P2P ledger, greater acceptance level cannot be
undermined
• More innovations, players paving their way
• Fast widespread and security
• Major competitor for traditional banking

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 Bibliography
• The fundamentals of crypto-currencies by Patrick
Bucquet

• https://blockgeeks.com/guides/what-is-cryptocurrency
• https://www.paymentssource.com/opinion/how-
cryptocurrency-can-become-real-money
• https://cointelegraph.com/bitcoin-for-beginners/what-
are-cryptocurrencies
• https://blog.blockchain.com/2014/12/29/drawing-the-
distinction-between-the-uppercase-b-and-lowercase-b-
in-bitcoin/
• https://www.investopedia.com/terms/c/cryptocurrency.
asp
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THANK YOU