EXPLORING THE

FUNDAMENTALS OF
BLOCKCHAINS, NFTS,
CRYPTO CURRENCY
AND CRYPTO WALLET
INTRODUCTION

Welcome to the world of

Blockchain and NFTs. In this
presentation, we will explore
the fundamentals of these
revolutionary technologies
that are shaping the future.
Get ready to dive into the
world of decentralized
ledgers and unique digital
assets.
W HAT IS
BLOCKCHAIN?
Blockchain is a distributed ledger
technology that enables secure,
transparent, and immutable record-
keeping. It is the underlying
technology behind cryptocurrencies
like Bitcoin. Transactions are stored
in blocks and linked together,
forming a chain. This decentralized
approach ensures trust and
removes the need for
intermediaries.
Understanding NFTs

NFTs, or Non-Fungible Tokens, are

unique digital assets that can
represent ownership or proof of
authenticity.
Unlike cryptocurrencies, which are
interchangeable, NFTs are indivisible
and cannot be replicated. They have
gained popularity in the art and
collectibles industry, revolutionizing
how we buy, sell, and trade digital
assets.
KEY FEATURES OF BLOCKCHAIN

Blockchain offers key features such

as decentralization, im m utability,
transparency, and security.
Decentralization ensures no single
point of failure, while immutability
guarantees that once a transaction
is recorded, it cannot be altered.
Transparency allows participants to
verify transactions, and robust
security measures protect against
fraud and tampering.
APPLICATIONS OF BLOCKCHAIN

Blockchain has a wide range of

applications beyond
cryptocurrencies. It can be used in
supply chain m anagem ent,
voting system s, healthcare,
finance, and more. By eliminating
intermediaries and providing a
transparent and secure platform,
blockchain enhances efficiency,
reduces costs, and enables new
business models.
EXPLORING NFT USE CASES

NFTs have opened up new

possibilities in various domains.
They can be used for digital art,
virtual real estate, gam ing assets,
collectibles, and more. Artists can
monetize their work directly, and
users can own unique digital items
with provable scarcity.
NFTs have sparked a creative
revolution and transformed the
way we interact with digital
content.
CHALLENGES AND FUTURE
OUTLOOK

W hile blockchain and NFTs offer

immense potential, there are
challenges to overcome. Scalability,
energy consumption, and
regulatory
frameworks are areas that require
attention. However, as technology
evolves and adoption increases, we can
expect blockchain and NFTs to reshape
industries, empower creators, and
unlock new economic opportunities.
WW

WHAT IS A
CRYPTOCURRENCY?

A cryptocurrency is a medium of exchange such as

the rupee or the US dollar, but is digital in format
and uses encryption techniques to both control the
creation of monetary units and to verify the exchange of
money.
Cryptocurrencies operate on decentralized networks
based on blockchain technology.
Some well-known cryptocurrencies include Bitcoin,
Ethereum, and Litecoin.
 h
How are Cryptocurrencies
bought?

There are two ways :-

1. To buy it from someone
2. To mine new crypto coins.

Buying it from someone usually happens in two ways:-

an exchange-facilitated transaction or a peer-to-peer
transaction.

For Indians the simplest way to invest or trade in

cryptocurrencies has been through one of the many
exchanges and trading platforms operated in India.
These include WazirX, CoinDCX, CoinSwitch etc.
What is a CRYPTO WALLET?

A crypto wallet is a digital tool that allows you

to securely store, send and receive cryptocurrencies
like Bitcoin, Ethereum or any other digital assets.

COMPONENTS
1.Public address; similar to your account number.
2.Private key; like your password and should be
kept secret.
Types of crypto Wallets

Three main types:

1. Software Wallets( online, mobile, desktop)
2. Hardware Wallets( physical devices)
3. Paper Wallets(printed or written copies)

They are essential for managing and safeguarding our

cryptocurrency holdings.
 Wallet Security
It refers to the measures and precautions taken to protect your digital wallet, which holds cryptocurrencies,
digital assets or other sensitive information.

Some key aspects of wallet security includes:

1. Private Keys
2. Password protection
3. Hardware Wallets
4. Backup and Recovery
5. Update and security patches
6.Secure Networks
7.Multi-signature wallets
8.Regular monitoring

Wallet security is crucial to protect your digital assets from theft, fraud and hacking attempts.