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  • Crypto-Currency: How Does It Works?

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    RA Kirong
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    Cryptocurrency is a digital currency secured by cryptography, making it nearly impossible to counterfeit. Many cryptocurrencies use blockchain technology and operate on a peer-to-peer network with no central authority. Bitcoin was introduced in 2008 and uses blockchain to allow transactions to be recorded without being edited. It gained mainstream attention between 2013-2017 as its value increased over 10,000% but then dropped 80% in 2018. Some see bitcoin as a store of value and safe haven asset like gold. Regulated crypto exchanges now allow investing in cryptocurrencies in the Philippines.

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    Cryptocurrency is a digital currency secured by cryptography, making it nearly impossible to counterfeit. Many cryptocurrencies use blockchain technology and operate on a peer-to-peer network with no central authority. Bitcoin was introduced in 2008 and uses blockchain to allow transactions to be recorded without being edited. It gained mainstream attention between 2013-2017 as its value increased over 10,000% but then dropped 80% in 2018. Some see bitcoin as a store of value and safe haven asset like gold. Regulated crypto exchanges now allow investing in cryptocurrencies in the Philippines.

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    65 views16 pages

    Crypto-Currency: How Does It Works?

    Uploaded by

    RA Kirong
    Cryptocurrency is a digital currency secured by cryptography, making it nearly impossible to counterfeit. Many cryptocurrencies use blockchain technology and operate on a peer-to-peer network with no central authority. Bitcoin was introduced in 2008 and uses blockchain to allow transactions to be recorded without being edited. It gained mainstream attention between 2013-2017 as its value increased over 10,000% but then dropped 80% in 2018. Some see bitcoin as a store of value and safe haven asset like gold. Regulated crypto exchanges now allow investing in cryptocurrencies in the Philippines.

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    C R Y P T O -

    C U R R E N C Y

    HOW DOES IT WORKS?


    What is a Cryptocurrency?
    • A cryptocurrency is a digital or virtual currency that is secured by
    cryptography, which makes it nearly impossible to counterfeit or
    double-spend. Many cryptocurrencies are decentralized networks
    based on BLOCKCHAIN technology.
    • Peer to peer electronic cash system with no trusted third party.

    Blockchain
    The goal of blockchain is to allow digital information to be recorded
    and distributed, but not edited. 
    BITCOIN NARRATIVE
    • 2008 – Satoshi Nakamoto introduces Bitcoin, creates blockchain
    • 2013 – Total Value of bitcoin exceeds $1 Billion
    • 2015-2016 – Bitcoin “ The new currency/money
    • 2016 – Started getting mainstream attention “CryptoMania” bitcoin
    bull market
    • 2017-2018 – Bitcoin price hits all times high around $20,000. A
    10,000% increase since 2015.
    BITCOIN NARRATIVE
    • 2018 – From $20,000 drops to $3,250. Around -80% drop in value.
    BITCOIN NARRATIVE
    • Bitcoin as a store of value.
    • Safe Haven Asset
    • Millennial Gold
    • Fast forward to March 2020 Financial Markets Crash
    • Bitcoin drops -60% since then up +200%
    INVESTING IN
    CRYPTO
    REGULATED CRYPTO
    PLATFORMS/EXCHANGES IN PH

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