Scribd Logo
Upload

Welcome to Scribd!

  • 25 views

    What Are ?: Cryptocurrencies

    Uploaded by

    Senthil Kumaran
    Cryptocurrencies are digital currencies that use cryptography for security. They allow for decentralized electronic money and peer-to-peer transactions that are recorded on a public ledger called the blockchain. Unlike physical currencies issued by governments, cryptocurrencies have a limited supply that is produced by computers solving mathematical problems and are not controlled by any central authority. The three most popular cryptocurrencies are Bitcoin, Litecoin, and Ethereum.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    What Are ?: Cryptocurrencies

    Uploaded by

    Senthil Kumaran
    25 views7 pages
    Cryptocurrencies are digital currencies that use cryptography for security. They allow for decentralized electronic money and peer-to-peer transactions that are recorded on a public ledger called the blockchain. Unlike physical currencies issued by governments, cryptocurrencies have a limited supply that is produced by computers solving mathematical problems and are not controlled by any central authority. The three most popular cryptocurrencies are Bitcoin, Litecoin, and Ethereum.

    Original Description:

    Brief introduction about cryptocurrencies

    Original Title

    WhatAreCryptocurrencies

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Cryptocurrencies are digital currencies that use cryptography for security. They allow for decentralized electronic money and peer-to-peer transactions that are recorded on a public ledger called the blockchain. Unlike physical currencies issued by governments, cryptocurrencies have a limited supply that is produced by computers solving mathematical problems and are not controlled by any central authority. The three most popular cryptocurrencies are Bitcoin, Litecoin, and Ethereum.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    25 views7 pages

    What Are ?: Cryptocurrencies

    Uploaded by

    Senthil Kumaran
    Cryptocurrencies are digital currencies that use cryptography for security. They allow for decentralized electronic money and peer-to-peer transactions that are recorded on a public ledger called the blockchain. Unlike physical currencies issued by governments, cryptocurrencies have a limited supply that is produced by computers solving mathematical problems and are not controlled by any central authority. The three most popular cryptocurrencies are Bitcoin, Litecoin, and Ethereum.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 7

    What are cryptocurrencies?

    What are cryptocurrencies

    Digital currency Use cryptography for Decentralised electronic Transactions are viewed via Peer to peer transaction
    security money public ledger - Blockchain
    $ Currency vs. Cryptocurrency

    Physical medium of exchange Digital medium of exchange

    Represented by bills & coins Represented by 1 private key & 1 public key

    Unlimited supply. Can be produced as needed. Limited supply. Most cryptocurrencies have a set minimum.

    Government issued Produced by computers

    Centralised. Issued and controlled by law & banks. Decentralised. Not controlled by any government or entity.

    Value determined by market regulation Value determined by supply & demand


    $
    Currency vs. Cryptocurrency
    Where do they come from?

    Each country has its own currency that’s Computers solve mathematical problems
    controlled by its government and are rewarded for their solutions with coins
    $
    Currency vs. Cryptocurrency

    Examples

    Y $ C
    JPY USD EUR LTC BTC ETH
    Three most popular
    Cryptocurrencies
    BTC LTC ETH

    Bitcoin is a digital Litecoin is a digital Ethereum is a digital


    currency created as an currency seen as an currency which enables
    alternative to regular improved, faster version developers to build & run
    money, used as a of Bitcoin. decentralised applications
    medium of payment (dapps).
    transaction.

    Created 2009 2011 2015

    Coin supply 21 million 84 million Unlimited


    Contact us
    www.binary.com

    marketing@binary.com

    1-803-410-5935

    You might also like