Seminar Report

On
Crypto currency

Submitted to: Submitted By:

Content

 Introduction
 History
 What is the use of Crypto currency
 Buy Goods
 Invest
 Mine
 Accept As Payment
 Legality Of Crypto currencies
Cont…….

 How To Store
 How To Buy
Introduction

 Digital currency that use for cryptography

security. Crypto currency is basically an
application running on block chain.
 Crypto currency is digital money stored in a
virtual network, consisting of thousand of
nodes. All nodes are connected to one
another through the internet.
Cont……

 It is designed to be open secure, fast and

bypass traditional financial structure.
 Crypto currencies are limited entry in a data
base that no one can change unless specific
conditions are full filled.
History

 In 1998, Wei Dai published a description of

“B-money”.
 Nick Szabo created “Bit- Gold” .
 The first crypto currency to capture the public
imagination was “Bit-coin” which was
launched in 2009 by an individual or group
known under the Satoshi Nakamoto.
What can do with Crypt
currency
 Buy goods 
There are a lot of merchants - both online
and offline - that accept Bit coin as the form
of payment. Bit coins can be used to pay for
hotels, flights, jewelry, apps, computer parts
and even a college degree. Things are
changing for the better though, with Apple
having at least 10 different crypt currencies as
a viable form of payment on App Store.
What can do with crypto
currency
Invest

 Many people believe that crypto currencies

are the hottest investment opportunity
currently available.
Mine

 Crypto currency mining includes two

functions, namely: adding transactions to the
block chain (securing and verifying) and also
releasing new currency.
 Mining needs a computer and a special
program, which helps miners compete with
their peers in solving complicated
mathematical problems.
As a cryptocurrency attracts more interest, mining becomes harder and the amount of coins received as a reward decreases

Mine

 As a crypto currency attracts more interest,

mining becomes harder and the amount of
coins received as a reward decreases.
Accept as payment(for
business)

 The payments can be accepted using

hardware terminals, touch screen apps or
simple wallet addresses through QR codes.
Accept as payment (for
business)
Legality of cryptocurrencies
Legality of crypto currency

 As of November 2017, Bit coin and other

digital currencies are outlawed only in
Bangladesh, Bolivia, Ecuador, and Vietnam,
with China and Russia , but the laws and
regulations can vary depending on the
country.
How to store

 Unlike most traditional currencies, crypto

currencies are digital, which entails a
completely different approach, particularly
when it comes to storing it. Technically, you
don’t store your units of crypto currency;
instead it’s the private key that you use to
sign for transactions that need to be securely
stored
 There are a lot of different options when it
comes to buying Bit coins. For example, there
are currently almost 1,800 Bit coin ATMs in 58
countries. Moreover, you can buy BTC using
gift cards, crypto currency exchanges,
investment trusts and you can even trade
face-to-face.
Thank you