Crypto

Currency

Presenter
Amit Kumar
Agenda
• Definition
• Conventional vs Digital Currency
• Why use Cryptocurrency
• Risks
• Types of Cryptocurrency
• Transaction Process

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Definition
• A cryptocurrency is a digital
currency, which is an alternative
form of payment created using
encryption algorithms. The use of
encryption technologies means
that cryptocurrencies function both
as a currency and as a virtual
accounting system.

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Conventional vs Digital
Currency

Figure1: Conventional vs Digital Currency (

Link)
Why use Cryptocurrency?

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Risks
• Price Change Risk
• The price of cryptocurrency fluctuates constantly. Your cryptocurrency trade or
balance could surge or drop suddenly. Please note that there is a possibility that the
price of cryptocurrency could drop to zero.
• Liquidity Risk
• There is a possibility that trades cannot be settled, may be difficult to settle, or can be
traded only at significantly adverse prices depending on the market situation and/or
market volume.
• Risk of Losing the Private Key or Password of the External Wallet Services
• In the case you use an external wallet, you may not be able to access your
cryptocurrency if you lose your private key or password. E.g. bitFlyer does not take
any responsibility in this case.
• Bankruptcy Risk
• There is a risk that we cannot continue our business due to events such as changes in
the external environment. In the case that we cannot continue our business, all
processes including the treatment of customers' assets shall be done according to
insolvency law, corporation law, corporate rehabilitation law, civil rehabilitation law
and other related laws.
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 Types of Cryptocurrency
Coin Total Market Value*

Bitcoin (CRYPTO:BTC) $749 billion

Ethereum (CRYPTO:ETH) $313 billion

Tether (CRYPTO:USDT) $79.5 billion

Binance Coin (CRYPTO:BNB) $62.6 billion

USD Coin (CRYPTO:USDC) $53.2 billion

XRP (CRYPTO:XRP) $34.4 billion

Terra (CRYPTO:LUNA) $32.9 billion

Solana (CRYPTO:SOL) $28.5 billion

Cardano (CRYPTO:ADA) $28.4 billion

Avalanche (CRYPTO:AVAX) $20.6 billion 7

Figure3: Types of Cryptocurrency (Link)

Transaction Process

• Blockchain system is used

• Blockchain is the digital ledger where all transactions involving a virtual currency are stored. If you buy bitcoin, sell bitcoin, use your bitcoin to
buy a Subway sandwich, and so on, it'll be recorded, in an encrypted fashion, in this digital ledger. The same goes for other cryptocurrencies.
• Decentralized
• Blockchain technology is decentralized. In simple terms, this just means there isn't a data center where all transaction data is stored. Instead,
data from this digital ledger is stored on hard drives and servers all over the globe.
• No middleman
• There's no middleman with blockchain technology. Since no third-party bank is needed to oversee these transactions, the thought is that
transaction fees might be lower than they currently are.
• Faster than traditional networks
• Transactions on blockchain networks may have the opportunity to settle considerably faster than traditional networks. Let's remember that
banks have rigid working hours, and they're closed at least one or two days a week. And, as noted, cross-border transactions can be held for
days while funds are verified. With blockchain, this verification of transactions is always ongoing, which means the opportunity to settle 8
transactions much more quickly, or perhaps even instantly.
THANK YOU!