PowerPoint Presentation

What is Cryptocurrency ?. A cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptography is the study of secure communication techniques that enable the transmission and storage of information in a secure and confidential manner using mathematical algorithms and principles to encrypt and decrypt data to protect its integrity, confidentiality and authenticity. Because of this security feature, a cryptocurrency is difficult to counterfeit..

What is it based on?. Cryptocurrencies are decentralized systems based on block chain technology . Block chain technology is a decentralized and transparent digital ledger that securely records and verifies transactions across multiple computers or nodes..

Features:. Decentralization: Operates on decentralized networks, where no central authority has control over the currency Security : Employs cryptographic techniques to secure transactions and control the creation of new units Transparency: Allows anyone to view transaction history, promoting accountability and reducing the potential for fraud Accessibility : Enables frictionless and borderless transaction regardless of their geographical location.

Bitcoin. The first block chain based cryptocurrency was Bitcoin, which still remains the most popular and most valuable It was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto.

Legality:. Cryptocurrencies are legal in the countries like United States, Canada, United Kingdom, Australia, Japan BUT are illegal in the countries like Nepal, Bangladesh, Algeria, Bolivia etc..