Scribd Logo
Upload

Welcome to Scribd!

  • 7 views

    Magic Money

    Uploaded by

    Urvi Shukla
    Blockchain is a chain of blocks that contains information like a digital ledger. It was introduced with bitcoin in 2009 as a distributed ledger using a peer-to-peer network. Cryptocurrency uses blockchain technology to operate as a digital medium of exchange that allows transfer of funds independently without a central authority, with a limited and verifiable supply of units. While there are over 1600 cryptocurrencies, major ones like Bitcoin and Ethereum differ in transaction speed, unit limits, and hashing algorithms used. Cryptocurrency offers benefits like low transaction costs and 24/7 access globally.

    Copyright:

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

    You might also like

    Magic Money

    Uploaded by

    Urvi Shukla
    7 views21 pages
    Blockchain is a chain of blocks that contains information like a digital ledger. It was introduced with bitcoin in 2009 as a distributed ledger using a peer-to-peer network. Cryptocurrency uses blockchain technology to operate as a digital medium of exchange that allows transfer of funds independently without a central authority, with a limited and verifiable supply of units. While there are over 1600 cryptocurrencies, major ones like Bitcoin and Ethereum differ in transaction speed, unit limits, and hashing algorithms used. Cryptocurrency offers benefits like low transaction costs and 24/7 access globally.

    Original Description:

    It is a short description on cryptocurrency

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Blockchain is a chain of blocks that contains information like a digital ledger. It was introduced with bitcoin in 2009 as a distributed ledger using a peer-to-peer network. Cryptocurrency uses blockchain technology to operate as a digital medium of exchange that allows transfer of funds independently without a central authority, with a limited and verifiable supply of units. While there are over 1600 cryptocurrencies, major ones like Bitcoin and Ethereum differ in transaction speed, unit limits, and hashing algorithms used. Cryptocurrency offers benefits like low transaction costs and 24/7 access globally.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    7 views21 pages

    Magic Money

    Uploaded by

    Urvi Shukla
    Blockchain is a chain of blocks that contains information like a digital ledger. It was introduced with bitcoin in 2009 as a distributed ledger using a peer-to-peer network. Cryptocurrency uses blockchain technology to operate as a digital medium of exchange that allows transfer of funds independently without a central authority, with a limited and verifiable supply of units. While there are over 1600 cryptocurrencies, major ones like Bitcoin and Ethereum differ in transaction speed, unit limits, and hashing algorithms used. Cryptocurrency offers benefits like low transaction costs and 24/7 access globally.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 21

    ~

    M
    C
    A R
    G Y
    I P
    C T
    M O
    O R
    N U
    S
    E
    H
    Y
    Wha
    t Is
    Bloc
    kcha
    in?
    Chain of blocks that Contains information

    It’s like a digital stand almost like a notary

    Introduction of bitcoin in 2009

    Distributed ledger
     Terminology in blockchain

    1.Data
    2.Hash
    3.Hash of previous block
    4.Proof of work
    5.P2P network
    What Is Currency?
     Limitations of currency

    1.Central point of failure


    2.Technical issues
    3.Account hacked
    4.Transaction limit exhausted
     
    What Is
    Cryptocurrency?
    Digital or a virtual currency that is meant to be a medium of exchange

    Limit to number of units which can exist

     Easily verifiesThe transfer of funds

    Operating independent of bank or centralised authority

    Allowing new units to be added only after certain certain conditions are
    met.
     
    Crypto currencies

    -1600 + currencies
    - Known ones

    1. Bitcoin
    2. Litcoin
    3. Etherum
    4. Z-cash
     What makes crypto currency special?

    1.Little to no transaction cost


    2.24 seven access to money
    3.No limit on purchases and withdrawal
    4.Freedom for anyone to use
    5.International transactions are faster
    What Is Crypto in
    Cryptocurrency?
    Bitcoin vs Ether
     
     
    Bitcoin Ether

    Send money to someone Currency in a etherum network

    Transaction transactions are manual Transactions can be manual or automatic

    10 minutes for transaction 20 seconds for transaction

    21 million units limit Hundred million units limit

    SHA 256 for hashing Ethash for hashing

    o Current rate US$11,080 and in INR 8.08 lakh Current rate US$367 add in INR Rs.26,780
     
    Future of crypto currency

    1.Conflict between regulation and anonymity


    2.By 2030, 25% of national currencies to be
    occupied
    3.Increased in acceptance by customers
    4.It will continue to have all volatility in nature

    You might also like