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Seminar--Understanding-Cryptocurrency

seminar report on crypto currency

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13 views10 pages

Seminar--Understanding-Cryptocurrency

seminar report on crypto currency

Uploaded by

riteshgarg203
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ARYA COLLEGE OF ENGINEERING

SEMINAR PRESENTATION
TOPIC – Cryptocurrency

CREATED BY : SUBMITTED TO :
PANKAJ KUMAR Mr. PAWAN SEN
21EAYCS102 HOD – CS DEPARTMENT
Understanding
Cryptocurrency
This presentation provides an overview of cryptocurrency,
blockchain technology, and its impact on the world.

by Pankaj Kumar
What is Cryptocurrency?
1 Digital Currency 2 Decentralized
Network
Cryptocurrency is a
digital or virtual currency It operates on
that uses cryptography decentralized networks
for security. using blockchain
technology.

3 Anonymity 4 Example: Bitcoin


Users can remain Bitcoin, the first
anonymous through cryptocurrency, was
advanced cryptographic launched in 2009 by
techniques. Satoshi Nakamoto.
How Does Cryptocurrency Work?
1 2 3 4

Blockchain Miners Nodes Wallets


Cryptocurrencies Miners validate Nodes maintain and Cryptocurrency wallets
operate through transactions by solving update the blockchain. store and manage
blockchain, a complex mathematical digital currency.
decentralized ledger problems.
that records
Popular Cryptocurrencies
Bitcoin (BTC) The first and most popular
cryptocurrency.

Ethereum (ETH) Known for enabling smart


contracts and decentralized
applications.
Litecoin (LTC) A faster and cheaper alternative
to Bitcoin.

Binance Coin (BNB) Used on the Binance exchange


and part of the Binance
ecosystem.
Ripple (XRP) Aimed at improving international
money transfers.

Cardano (ADA) A third-generation


cryptocurrency designed for
scalability and energy efficiency.
Blockchain Technology: The Backbone of
Cryptocurrency
Distributed Ledger Immutability Decentralization

Blockchain is a distributed ledger Once added to the blockchain, data No single entity controls the
technology that ensures security cannot be changed or deleted. system; many nodes validate and
and transparency. record transactions.
Benefits of Cryptocurrency
Decentralization Security
No need for intermediaries, Cryptography and
reducing corruption, fraud, blockchain provide a high
and censorship. level of security.

Lower Transaction Global Access


Fees
Cryptocurrencies are
Cryptocurrencies typically accessible to anyone with
have lower transaction fees an internet connection.
than traditional systems.
Challenges of Cryptocurrency
Volatility
Cryptocurrency prices can be extremely volatile.

Regulation
Cryptocurrencies operate in a regulatory gray area.

Security Threats
Exchanges, wallets, and individuals are vulnerable to hacking and theft.

Adoption
Cryptocurrencies are not widely accepted as a means of payment.

Scams and Fraud


The cryptocurrency space is rife with scams.
Applications of
Cryptocurrency

Peer-to-Peer Transactions Smart Contracts


Cryptocurrencies allow users to Smart contracts automatically
send and receive money directly. execute and enforce the terms of
a contract.

Decentralized Finance NFTs (Non-Fungible Tokens)


(DeFi)
NFTs represent ownership of
DeFi refers to financial services unique digital assets.
that operate without central
intermediaries.
Thank You

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