Transcript: Digital Payments with Monero twitter.com/realXeagu 8874 3678 9012 3456 Miner Fees Transactions Alice Bob Miner Reward Alice's Bank Digital Commerce with Traditional Finance
Transcript: IDEA. J.P. Plain's Cryptocurrency Management Joshua P. Plain THIS IS A BUSINESS WHAT IS CRYPTOCURRENCY? MY IDEA My idea is to create a company based on the trading of Cryptocurrency. Cryptocurrency is a recent advent that promises to revolutionize transactions as we know it. Cryptocurrency is so popular because of its technology, the distributed ledger. What is the distributed ledger? What is the distributed ledger? As I mentioned, cryptocurrency is so popular because of its new transaction system, the distributed ledger. The distributed ledger is also known as the blockchain. The blockchain is a technology that records every cryptocurrency transaction that takes place. Here's how it works. I send my cryptocurrency out into the blockchain and associate that with a end address. This end address is 26 - 35 letters/numbers and is completely unique. Meaning that I can send cryptocurrency out into the blockchain and have it associated with that address. Once it is associated with that address, the blockchain recognizes that this specific address has received that payment and allows the new user to choose what they want to do with it. The simple answer is, no, you cannot copy cryptocurrency. This is because of the aforementioned distributed ledger. The distributed ledger is basically a ledger that contains all cryptocurrency transactions. Think of it like a public ledger in a town. Every time I want to make a transaction, I must record that transaction on this public ledger. When I write that transaction down, people will hold me accountable to that transaction and make sure the recipient receives his payout. This means that when I send something out into the blockchain, everyone in town sees that transaction and the recipient has people to use as witnesses if the original sender tries to scam him. This means that the blockchain is that public ledger and the people that verify it are the miners in the cryptocurrency world. The job of the miners is to verify that transaction and in return they get 1% of that transaction. Can I copy cryptocurrency? Can I copy cryptocurrency? In the blockchain, miners are the computers that verify a transaction. In the previous example, people verified transactions on the public ledger. In today's time, all of that is done by computers(miners). These computers are very powerful pieces of hardware that verify the transaction. This is done by when the user sends their cryptocurrency out into the blockchain. When they send it out, they are packaging it into blocks (hence the name, "blockchain"). The blocks used for bitcoin are 1MB in size and can contain 1MB of transactions. When the blocks are sent out into the blockchain, they are encrypted. The miners then decrypt these blocks and see the address it is supposed to be sent to, the address it is from, and the amount of cryptocurrency. Once a miner successfully decodes a block, it gets verified. Typically a transaction will have to be verified ~3 times for the recipient to receive their cryptocurrency. During the process, there is the mining fee. This fee is deducted to keep the miners mining. Without the mining fee, there would be no reason for miners to verify the transactions and no transacitons would ever go through. Who are the miners? Who are the miners? MY IDEA MY IDEA My idea is to bring blockchain to everyone. A lot of people that I have tried to explain blockchain to have not been able to understand me. And a lot of people do not trust shady websites taking their money and converting it into some "currency." I have understood all of their concerns and have come up with a plan. Why don't we have brick and mortar buildings that act as investment advisories for cryptocurrencies! Since a lot of people cannot understand cryptocurrency, why don't we relate it to something they already know. A lot of people already go to investment firms and ask for information on stocks. They do this because they typically don't understand stocks and wish someone to explain and advise them on what to do. Since a lot of people are used to face - to - face meetings with people to advise them on stocks, we need to remake that experience but with cryptocurrency. Once we make the connection they are used to, customers will feel much more comfortable when we grow their money. Why we need this WHY WE NEED THIS One of the main goals of cryptocurrency is to replace the dollar as we know it. And in a world of ever increasing population and transactions, we need a way to send money faster than ever before. This is where cryptocurrency comes in. Without the use of a centralized bank, cryptocurrency cannot be taxed. This induces a very appealing idea. I could have an employer that could pay in cryptocurrency and I would not lose any money to income tax. But without common knowledge on this subject, how can this ever happen? This is why we need this businees idea. We must have some way to inform the masses of this new advent while also creating wealth for the OUR
Transcript: I P Blockchain and Cryptocurrency RIPPLE P R L .E Blockchains A system in which a record of transactions made in bit-coin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network. Cardano is a decentralized public block-chain and cryptocurrency project. Overview Ripple About RIPPLE Ripple is a real time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc. The ledger employs the decentralized native cryptocurrency known as XRP, which as of September 2018 was the second largest coin by market capitalization. 1 The Arrival of Ripple Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. It was first released in 2012 and was co-founded by Chris Larsen and Jed McCaleb. Fun Fact - Ripple is a technology mostly known for its digital payment network and protocol, however, its also has its own cryptocurrency, XRP. 2 Who, What, Why, and WHERE Cryprtocurrency is used by businesses, consumers )(for payment) Cryptocurrnency is a digital currency that is used for regulating and transferring funds Can be used for wealth management - people can manage their assets and investments , digital publishing engagement - audiences engage with presenters or ads and earn tokens, ethical business practices - CC makes tracking transactions easier 3 Ripple Today MoneyGram, one of Ripple's highest-profile partners, announced its cooperation with Amazon and Google to improve the effectiveness of its cross-border money transfer product. MoneyGram is now Ripple's main partner and the largest user of its remittance product, On-Demand Liquidity. In 2020 Ripple completed the acquisition of its $50 -million stake in MoneyGram. Where and How to Get Cryptocurrency What YOU Can Do The first essential step in buying Ripple is, well, knowing where to buy Ripple. Unfortunately, not every cryptocurrency exchange has Ripple, but there are alot of other exchanges where you can get them fix. A cryptocurrency wallet is a place to digitally store, send, or receive cryptocurrency via having a special key. Making Payments Payment Options Making payments with cryptocurrency can be difficult because companies are hesitant about taking them. This process has become easier with card linking options. Users can link their digital wallet to a prepaid card that converts their finances to a new currency. What you can use so companies can process your cryptocurrency - Skrill Quick Checkout - Coinbase Is it real ? Can you make money with cryptocurrency. Yes, with mining. When considering how to make money with cryptocurrency, mining is one of the methods that always comes up. Mining cryptocurrency is one of the best ways to make money with altcoins as it's extremely passive: just invest in the equipment, set it up, and let it run. Are you really anonymous when using a cryptocurrency? Make new addresses for every single transaction you make. Most people are lazy and when paying for something in cryptocurrency they will use the same public address as they did for the last transaction. ... But even in the modern world of cryptocurrency regulation, you can still stay anonymous. Are you really anonymous? Can you lose Bitcoin or another cryptocurrency? There are several ways you can lose Bitcoin. Like WIRED, you can simply lose track of your private key or your hard drive. ... This is the most common way to lose Bitcoin; even Elon Musk tweeted that he forgot how to access a portion of a coin. Can you use it? How likely is cryptocurrency to become a major payment network? The future of cryptocurrency and XRP remains unknown. If it is to be successful, the market volatility of cryptocurrency will need to be drastically reduced and security will need to be improved. Nonetheless, cryptocurrency does hold interesting potential. Will it be a new currency? Is the Use of Your Crytocurrency Legal Cryptocurrencies are not legal tender in any jurisdiction; they, unlike the conventional currencies issued by a monetary authority, are not controlled or regulated and their price is determined by the supply and demand of their market. Is Crytocurrency Used For Illegal Activities. Yes it can be , let me explain Is it Legal? Ripple price Ripple is worth $0.0373 us dollars. Whats it worth.
Transcript: CryptoCurrency Bas Dingemans/A5b Can be exchanged for goods and services Cryptographicly managed currency Value by market forces Every transaction is documented What is cryptocurrency? What is cryptocurrency? No central bank Predictable supply Privacy History can't be rewritten Difference with conventional currency Difference with conventional currency Fast Easy to use Secure No government fines Reduced fraud Why? Why? Energy usage Avenue for criminals No protection when something goes wrong Fluctuating value Why not? Why not? Bitcoin Ethereum Ripple EOS Litecoin Cardano Stellar IOTA TRON Popular currencies Popular currencies
Transcript: Cryptocurrency MGMT 3700 Trey Hardy What is Cryptocurrency? Cryptocurrency There are multiple companies that you can invest in. You can go to websites such as: Coinbase.com, Crypto.com, Robinhood.com, and Fidelity.com to invest in a cryptocurrency business. Cryptocurrency is a digital or virtual currency secured by cryptography and is based on a network that is distributed across a large amount of computers all over the world. Examples of Cryptocurrency. Examples Bitcoin Ethereum Cardano Tether Binance Coin Examples These are some of the top companies in cryptocurrency that are the best to invest in if you are interested in investing in cryptocurrency. Here is a youtube link explaining the top companies in cryptocurrency: https://youtu.be/R216XHYvspA History of Cryptocurrency Cryptocurrency was first invented in January of 2009. It was created by Satoshi Nakamoto. Bitcoin was the first cryptocurrency to ever exist. History More About History of Cryptocurrency Satoshi Nakamoto created Bitcoin on January 3rd, 2009. Satoshi Nakamoto is a pseudonym. It is not known if it is a singular person or group of programmers that created Bitcoin. When the software for Bitcoin became public it released 21 million Bitcoins. More About History of Cryptocurrency Present Use There are four major types of cryptocurrency, which are: utility, payment, security, and stablecoins. There are other types such as DeFi tokens, NFTs, and asset- backed tokens. Below is an image of an NFT. Present Use Present Use NFTs or Non-fungible tokens are starting to become very popular around the world. Famous people such as the rapper Lil Baby invested in an NFT. NFTs are usually very costly, but over time they start to accrue in interest which is a good thing. The US is expected to make 144.5 million USD in 2023. Below is an image of Lil Baby's NFT. More on Present Use Youtube Video Explaining NFTs https://youtu.be/Oz9zw7-_vhM Video Explaining NFTS Future Use I believe in the future we will start to see more people invest in cryptocurrency businesses because of the cost of US dollar is worth little to nothing now. The Chinese Yuan has surpassed the US dollar and I think that will be one of the major reasons why will we see increase in cryptocurrency. Future Use Future Use Multiple countries have already discontinued their relationship with the US dollar. Not only has the US dollar plummeting affected other countries, but it has made Americans become more skeptical with the banking system. Which is a big reason why I believe cryptocurrency will be beneficial in the future. We will definitely see an increase in cryptocurrency in the future. More on Future Use Benefits & Setbacks Benefits & Setbacks Benefits There are many benefits to cryptocurrency. Some benefits of cryptocurrency are: Removes single points of failure. Easier to transfer funds between parties. Removes third parties. Can be used to generate returns. Remittances are streamlined. Benefits Setbacks There are many setbacks to cryptocurrency. Some setbacks are: Transactions are pseudonymous. Pseudonymity allows for criminal uses. Have become highly centralized. Expensive to participate in a network and earn. Off-chain security. Prices are volatile. Setbacks References References https://www.investopedia.com/terms/c/cryptocurrency.asp https://www.softwaretestinghelp.com/types-of-cryptocurrency/#:~:text=Q%20%231)%20What%20are%20the,are%20utility%20and%20payment%20tokens. https://www.britannica.com/question/How-was-cryptocurrency-invented#:~:text=The%20first%20cryptocurrency%20was%20created,made%20available%20to%20the%20public. https://www.investopedia.com/terms/s/satoshi-nakamoto.asp#:~:text=Satoshi%20Nakamoto%20is%20a%20pseudonym,world%20in%20a%202008%20paper. https://www.globenewswire.com/en/news-release/2023/03/17/2629605/0/en/The-Future-of-Cryptocurrency-Trends-Promising-Growth-Ahead.html#:~:text=The%20Crypto%20ATM%20Market%20is,at%20a%20CAGR%20of%206.1%25. References More References https://www.globenewswire.com/en/news-release/2023/03/17/2629605/0/en/The-Future-of-Cryptocurrency-Trends-Promising-Growth-Ahead.html#:~:text=The%20Crypto%20ATM%20Market%20is,at%20a%20CAGR%20of%206.1%25. https://www.forbes.com/advisor/in/investing/cryptocurrency/what-is-an-nft-how-do-nfts-work/
Transcript: -why use of cryptocurrency download any wallet(zebpay etc) and generate a login id and password connect your bank account details presently 1bitcoin=43767.42 inr we can transfer and save the coins with almost no fees. it's fast it's cheap govt can't take it away you own it you don't need to trust anyone private Cryptocurrency mining power is rated on a scale of hashes per seconds. A rig with a computing power of 1kH/s is mining at a rate of 1,000 hashes a second, 1MH/s is a million hashes per second and a GH/s is one billion hashes per second ONECOIN Outline : -introduction -why use of cryptocurrency -how to earn it -how to store it -how to Mine(creation) -advantages -disadvantages mining tecnology any cryptocurrency untill now is not perfect it have many advantages, however it also has its disadvantages people are just beginning to become more aware of it How to earn it Conclusion lack of awareness and understanding risk and variation of a trading price still developing BARTER SYSTEM COIN SYSTEM BITCOIN CRYPTO CURRENCY a digital currency produced by a public network, rather than any government, that uses cryptography to make sure payments are sent and received safely "CRYPTO CURRENCY" -advantages freedom in payment control and security very low fees information is transparent Crypto-currencies are held in a "digital wallet," apps or online accounts that store your currency and allow you to send and receive it. Each wallet contains a set of unique addresses, a random string of characters like D8gGzLc8thi5isaxHBtRLyxaQiij6KsyF1. You can obtain your crypto-currency address from the wallet software or service you use Mining Program Cryptocurrency Algorithms(SHA-256-bitcoin) Mining Hardware -how to store it -disadvantages PAPER CURRENCY -how to mine cryptocurrency is electricity converted into lines of code with monetary value. In the simplest of forms, cryptocurrency is digital currency. AKHIL DCE-12 CREDIT/DEBIT CARDS
Transcript: D C Blockchain and Cryptocurrency O .N CARDONO A R A system in which a record of transactions made in bit-coin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network. Cardano is a decentralized public block-chain and cryptocurrency project. Blockchains Overview The first blockchain platform with an origin in scientific philosophy and research. "The development team consists of a large global collective of expert engineers and researchers" Cardono About CARDONO 1 The Cardono foundation is based in Switzerland. Cardano is a public blockchain that hosts ADA, a cryptocurrency designed to function as digital cash. Cardano was founded in 2017 by co-founder and ex-CEO of Ethereum, Charles Hoskinson. Fun Fact - ADA is the name of the actual cryptocurrency but Cardono is the platform or brand that maintains ADA The Arrival of Cardono 2 Cryptocurrnency is a digital currency that is used for regulating and transferring funds Can be used for wealth management - people can manage their assets and investments , digital publishing engagement - audiences engage with presenters or ads and earn tokens, ethical business practices - CC makes tracking transactions easier Who, What, Why, and WHERE Cryprtocurrency is used by businesses, consumers )(for payment) 3 Cardono keeps a good reputation sitting within the top 15 cryptocurrencies . The project promotes its partnership announcements, price updates, and other development-related news. Cardono has a total market capitalization of 1.00billion. On November 21st 68.98 million worth of Cardono was traded on exchanges. Cardono currently works with New Balance to preventing scamming or fraud Cardono Today Buying Cardono is very easy to obtain. You can buy ADA using cars, cash, other cryptos, peer atms, etc. You can access Coinmama where you are allowed to buy ADA card. Where and How to Get Cryptocurrency What YOU Can Do Making payments with cryptocurrency can be difficult because companies are hesitant about taking them. This process has become easier with card linking options. Users can link their digital wallet to a prepaid card that converts their finances to a new currency. What you can use so companies can process your cryptocurrency - Skrill Quick Checkout - Coinbase Making Payments Payment Options Is it real ? Can you make money with cryptocurrency. Yes, with mining. When considering how to make money with cryptocurrency, mining is one of the methods that always comes up. Mining cryptocurrency is one of the best ways to make money with altcoins as it's extremely passive: just invest in the equipment, set it up, and let it run. Make new addresses for every single transaction you make. Most people are lazy and when paying for something in cryptocurrency they will use the same public address as they did for the last transaction. ... But even in the modern world of cryptocurrency regulation, you can still stay anonymous. Are you really anonymous when using a cryptocurrency? Are you really anonymous? There are several ways you can lose Bitcoin. Like WIRED, you can simply lose track of your private key or your hard drive. ... This is the most common way to lose Bitcoin; even Elon Musk tweeted that he forgot how to access a portion of a coin. Can you lose Bitcoin or another cryptocurrency? Can you use it? The future of cryptocurrency and Bitcoin remains unknown. If it is to be successful, the market volatility of cryptocurrency will need to be drastically reduced and security will need to be improved. Nonetheless, cryptocurrency does hold interesting potential. How likely is cryptocurrency to become a major payment network? Will it be a new currency? Cryptocurrencies are not legal tender in any jurisdiction; they, unlike the conventional currencies issued by a monetary authority, are not controlled or regulated and their price is determined by the supply and demand of their market. Is Crytocurrency Used For Illegal Activities. Yes it can be , let me explain Is the Use of Your Crytocurrency Legal Is it Legal? Cardano is worth $0.0373 us dollars. Cardano price Whats it worth.
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