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Cryptocurrency Presentation

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

Cryptocurrency Presentation

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

Cryptocurrency Presentation

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.

Cryptocurrency

Transcript: Why should i invest in this? there are a handfull of coins out there, im going to focus on the most popular, bitcoin. There are a growing number of businesses that support bitcoin and there are many countries that consider it a legal currency. By Conor Bone - s0244734 Cryptocurrency is a very forward thinking system that can be a shock to the world that needs time to flourish. Advantages Summery: Introduction disadvantages Cryptocurrency Ok, ware can i use this? How is it like £ and $ ? "A digital or virtual currency that uses cryptography for security." - investopedia.com Basicly: Cryptocurrency is just like £ or $. But is decentralised, digatal money created, held and spent electronicly around the world. What is Cryptocurrency? The value of this currency is fluid with although at the beginning this means a potential for a high return investment, ultimately means that the market is very volatile and is prone to change. Unless personal logs are kept the transactions are completely anonymous, this can be good as a method of privacy and a part of a users freedom, but can also be harmful in certain circumstances There are few critical advantages to bitcoin : because the underlying encription used in all the processes the entire ecosystem is more secure the miners, consumers and the sellers. Due to the non centralised nature of these currencies, no one person holds control of the wealth. and among others, the currency is easily accessible by everyone and is completely global. Cryptocurrency is currently a very new market relative to the other forms of currency. This means, the price is going to rise as it ages. That is why you should mine or buy soon so you can turn a profit. Based on statistics, Bitcoin(most expensive cryptocurrency) is 7.5x more volatile than gold, resulting in huge profits.

Presentation Cryptocurrency

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

Cryptocurrency: Topic Presentation

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/

cryptocurrency

Transcript: CRYPTOCURRENCY Introduction Introduction A cryptocurrency is a digital or virtual currency that uses cryptography f... A cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrency uses block chain which is, quite simply, a digital, decentralized ledger that keeps a record of all transactions that take place across a peer-to- peer network. Difference between traditional currency and cryptocurrency Difference between traditional currency and cryptocurrency Fiat currency Cryptocurrency 1. Rs, Dollars, Pounds 2. Printing/ physical 3. Centralized 4. Economy 5. Bank a] High charges b] Slow transactions c] Low security 1. Bitcoin, Yocoin 2. Digital/ virtual 3. Decentralized 4. Demand, supply 5. Direct a] Low charges b] Fast transactions c] High security How does it work How does it work work process Blockchain What is Blockchain Currently, most people use a trusted middleman such as a bank to make a transaction. But blockchain allows consumers and suppliers to connect directly, removing the need for a third party. Using cryptography to keep exchanges secure, blockchain provides a decentralized database, or “digital ledger”, of transactions that everyone on the network can see. This network is essentially a chain of computers that must all approve an exchange before it can be verified and recorded. In the case of Bitcoin, blockchain stores the details of every transaction of the digital currency, and the technology stops the same Bitcoin being spent more than once. How does it work in practice Top 5 Cryptocurrencies in the World Top 5 Cryptocurrencies in the World 1. Bitcoin Founder: Satoshi Nakamoto It is the first decentralized ledger currency. It is the Cryptocurrency with the most famous, popular, notable and highest market capitalization. 1. Bitcoin Founder: Vitalik Buterin who was a co-founder of Bitcoin. Supports turning complete smart contracts. 2. Ethereum Founder: Charles Lee It is the first crypto currency to use scrypt as a hashing algorithm. 3. Litecoin 4. Ripple Founder: Ryan Fugger Ripple has been increasingly used by banks as settlement infrastructure technology. Founder: Evan duffield and Kyle Hagan A bitcoin based currency featuring instant transactions, decentralized governance and budgeting and private transaction. 5. Dash Cryptocurrency in India Cryptocurrency in India Cryptocurrency, and especially bitcoin is nothing new in India, and there are already 3 major bitcoin exchanges: Zebpay, Coinsecure and Unocoin. The growth of cryptocurrency in India had been growing steadily, just like in most parts of the world, up until the end of last year . Cryptocurrency, and especially bitcoin is nothing new in India, and there are alrea... Increasing Bitcoin demand On the 8th of November 2016, India’s Prime Minister Narendra Modi demonetized the 500 and 1,000-rupee banknotes. This action was meant to curtail counterfeit cash, but it also left many people panicking. In the panic, Indian residents turned to bitcoin. Indian Bitcoin market was growing higher and higher People shifted to Bitcoins as it is a digital currency and can be stored very easily. Post demonetization, Bitcoin prices are continuously rising. People of India are gaining more interest in Bitcoins and other digital currencies. Thanks to the flagship programme” DIGITAL INDIA” launched by our Honourable Prime Minister Shri Narendra Modi, India is on the verge to become a digital economy and adopt cashless transactions. The people of India are looking for digital payment options and looks like Bitcoin has got the eye of Indians. Increasing Bitcoin demand The popularity of Bitcoins is increasing day by day worldwide and mass adoption is increasing Bitcoin’s prices. Google recently reported that searches from India about bitcoin have reached all-time highs, and the value has too. While bitcoin value in other exchanges is dropping after news from China, in Indian exchanges the value of bitcoin is peaking at $1,080 due to increasing demand. As more Indian residents turn to bitcoin, you can expect businesses to accept bitcoin as well, and the demand should only keep rising as the year goes by. Advantages and disadvantages of cryptocurrencies Advantages and disadvantages of cryptocurrencies Advantages Disadvantages 1.) Ultra secure and inexpensive to secure 2.) Political neutrality 3.) Controlled and capped supply 4.) No need to trust others to perform transactions 5.) Permission less 6.) Low transaction fees and fast operation 7.) Pseudonymity 8.) Impossible to counterfeit 9.) Perfectly divisible , great for micro transactions Advantages Disadvantages Like any currency, there are disadvantages associated with using Bitcoin: 1. Bitcoins Are Not Widely Accepted 2. Wallets Can Be Lost 3. Bitcoin Valuation Fluctuates 4.Built in deflation 5.No physical form 6. No Buyer Protection 7. Risk of Unknown Technical Flaws 8.No valuation guarantee After the positive results received by Bitcoin other cryptocurrencies were

Cryptocurrency

Transcript: “I am personally excited for the future of cryptocurrencies and blockchain technology in general. Current innovations such as Bitcoin, Ethereum, and others are just the beginning for this technology that can help revamp many industries. There is plenty of opportunity in this space.” “A purely peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without going through a financial institution.”- Forbes Technology: ...is the most well known and the number one cyrptocurrency right now. It was created as the first decentralized cryptocurrency in 2009. There are other alternatives that are out there, called "altcoins". Bitcoin uses decentralized control rather than centralized such as Amazon, Paypal, and or even your banking systems. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. https://medium.com/@nellsonx/how-to-properly-invest-in-bitcoin-blockchain-and-other-cryptocurrencies-in-2017-32d59e2ff435 "The evolution of currency is a long chronicle which takes us back to the origin of civilization. The reason behind using currency comes from the history of money which makes it a means of exchanging goods and services. Although, the standardized monetary system, comprising fiat money, comes up to scratch, it is still prone to some fraudulent activities."- Forbes http://www.thewindowsclub.com/what-is-cryptocurrency Cryptocurrency: is digital form of an asset that is used as a middle man to help exchange transactions through cryptography to secure and control the transaction. Bibliography Blockchain Technology? https://coinmarketcap.com/all/views/all/ Cryptography: Cryptocurrency Dakota Malone https://inc42.com/resources/bitcoin-cryptocurrency-fiat-money/ Chalmers Brown, Forbes: is an art of writing and solving codes to help protect and disguise certain materials. "They are safe, anonymous and utterly decentralized. Unlike conventional currency, they are not controlled or regulated by some singular authority, their flow is determined entirely by market demand. They are also nigh impossible to counterfeit, thanks to the paranoidly complicated code system that encrypts each and every transfer, ensuring complete anonymity and utter safety to each and every user." Bitcoin (BTC) Blockchain What is Cryptocurrency? Someone requests a transaction--> broadcasted--> validation-->verification--> cryptocurrency--> transaction complete https://ios.gadgethacks.com/how-to/force-restart-your-iphone-8-iphone-8-plus-when-its-acting-up-0180189/ https://www.forbes.com/sites/haroldstark/2017/04/21/from-here-to-where-bitcoin-and-the-future-of-cryptocurrency/#3c3bd1b04367 ... is an incorruptible database that is shared throughout several sites and companies that can be programed for financial situations or anything in particular. Trying to discontinue fiat money

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