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cryptocurrency1
cryptocurrency1
CURRENCY
Presented by:
• Anamika
• Deepal
• Poonam
• Rohit
• Shubhdeep
01
What is
crypto currency
A crypto currency is a digital or virtual
currency that is meant to be a medium
of exchange. It serves as ordinary
money, such as dollars, pounds, euros,
yen, etc. But it has no physical
counterparts — banknotes or coins that
can be carried around, that is, the crypto
currency exists only in electronic form.
02FEATURES
• There is a limit to how many units can exist
with bitcoin it is 21 million
• It easily verifies the transfer of funds
• They operate independent of a bank or a
central authority
• There is little or no transaction costs
• 24/7 access to money
• there is freedom for anyone to use
• The international transactions are faster
03Types
BITCOIN LITECOIN ETHEREUM ZCASH
04What is a Bitcoin?
Bitcoin is the first cryptocurrency that appeared in 2009. Bitcoin is often
compared to gold in the sense that its offer is limited. However, unlike gold,
Bitcoin is digital, making it much easier to divide, transfer and store.
It's like an online version of cash. You can use it to buy products and
services, but not many shops accept Bitcoin yet and some countries have
banned it altogether.
However, some companies are beginning to buy into its growing influence.
In October last year, for example, the online payment service, PayPal,
announced that it would be allowing its customers to buy and sell Bitcoin.
The physical Bitcoins you see in photos are a novelty. They would be
worthless without the private codes printed inside them.
How bitcoin
became
popular?
When the richest person in the world gives his
support to a virtual currency you know it's big
business.
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