Decentralized-Currencies-Transforming-Finance

Decentralized Currencies: Transforming Finance. Exploring the future with Bitcoin & Ethereum.

[Audio] Slide 2 of 10 presents the limitations of traditional banking in the financial world. With 75% of transactions delayed for 3 or more days and international transfer fees as high as 20%, this system is slow, expensive, and exclusive. It leaves a large portion of our society behind, particularly the unbanked population. However, the rise of decentralized currencies such as Bitcoin and Ethereum offers hope for a more efficient and inclusive financial system. These currencies provide faster and more affordable transactions, accessible to everyone. Let's explore the potential of these decentralized currencies and how they can transform our approach to finances. Stay tuned for more information on the benefits they can bring to you and your community..

[Audio] This presentation will discuss the birth and impact of Bitcoin on the finance industry. Bitcoin was created in 2009 to address the issue of double-spending in digital currency. With its decentralized blockchain technology, Bitcoin offers a secure and efficient way to transfer value without the need for intermediaries. Transactions on the network are verified and recorded on the blockchain, ensuring trust and accuracy. The immutable and transparent ledger also adds to the trust and accountability of Bitcoin, as all transactions can be easily traced and cannot be altered. This revolutionary currency has opened up new opportunities for the future of finance. However, Bitcoin is not the only player in the game. Ethereum, another decentralized currency, has also emerged with its own unique features and capabilities. On the next slide, we will explore the world of Ethereum and its contributions to the future of decentralized currency. Let's continue to delve into the world of decentralized currencies and see how they are shaping the future of finance..

[Audio] In this tutorial, we will be discussing the concept of decentralized currencies and their impact on the world of finance. Specifically, we will be exploring two popular decentralized currencies, Bitcoin and Ethereum. Slide number four is titled 'EZOZ', which is a unique code for one of these currencies and is just one example of how they are disrupting traditional financial systems. Next, we have 'zoz' and 'L LOZ', which are also codes representing decentralized currencies. These codes serve as the foundation of this new financial system, as they are decentralized and based on blockchain technology for transparency and security. 'E LOZ' is another code for a decentralized currency gaining popularity in the market, paving the way for a more democratic and inclusive financial system. '600Z' is an example of a decentralized currency that has seen significant value growth in recent years. 'oo•ooo'ooo'ooo'oot$', 'oo•ooo'ooo'ooo'008$' and 'OO•OOO'OOO'OOO'OOZ' represent the constantly fluctuating values of different decentralized currencies, highlighting the dynamic and ever-evolving nature of this financial system. These codes may seem confusing, but they hold immense value and signify the independence of these currencies from government or financial institutions..

[Audio] Slide number 5 of our presentation on Decentralized Currencies focuses on the future of finance, specifically the use of Bitcoin and Ethereum. One of the main advances of Ethereum is its ability to support smart contracts and decentralized applications, or "dApps". These two elements distinguish Ethereum from other cryptocurrencies. Smart contracts are pre-programmed agreements that are executed on the blockchain, eliminating the need for intermediaries. This streamlines traditional contract processes and increases transparency. DApps, on the other hand, are internet services that operate on a decentralized network rather than under the control of a single entity. This allows for the decentralization of online services and opens up new possibilities. The use of smart contracts and dApps is transforming the world of finance and the internet by providing a more secure and efficient way of conducting transactions. It also allows for the creation and sharing of new internet services. In summary, Ethereum's innovation with smart contracts and dApps is revolutionizing financial transactions and internet services. We will continue to explore the potential of decentralized currencies in our remaining slides..

[Audio] This slide will explore the real-world impact of decentralized currencies in cross-border transfers. Traditional methods of transferring money across borders have high fees, slow processing times, hidden exchange rate markups, and limited accessibility. This has led to the rise in popularity of cryptocurrencies, such as Bitcoin and Ethereum, which offer a more efficient and cost-effective solution. With fees as low as 0.1%, transfers are near-instant and there are no hidden exchange rate markups. Additionally, the global accessibility of cryptocurrencies allows for transfers 24/7, making it convenient for individuals and businesses. Cryptocurrencies have no boundaries and are breaking down the limitations of traditional transfers in certain regions. In today's interconnected world, the impact of decentralized currencies in cross-border transfers is undeniable. With low fees, fast processing times, and global accessibility, cryptocurrencies are transforming the world of finance and creating a more inclusive financial system. Stay tuned for more on our next slide..

[Audio] This presentation focuses on the increasing use of decentralized currencies, particularly in regards to institutional investments. The rise in mainstream acceptance suggests the potential for greater use and major players are entering the market, solidifying its credibility. Institutional investment in crypto has risen by 800% since 2020, showcasing a growing interest and confidence in the power of decentralized currencies to revolutionize the financial world. This surge in institutional investment not only demonstrates growing trust in crypto, but also highlights its potential for future growth. The entrance of major companies, such as PayPal, Tesla, and Visa, into the crypto space further solidifies the stability and significance of these currencies. This shift towards widespread adoption and utilization signifies a shift in the future of decentralized currencies. With more institutions and companies investing in crypto, it presents new opportunities for its use in various industries. This is just the beginning of the transformation of finance through Bitcoin and Ethereum. As acceptance and use continue to grow, we can expect further development and progress in the world of decentralized currencies. Let us embrace this change and explore the potential of this innovative financial landscape..

[Audio] In this slide, we will be comparing two popular cryptocurrencies, Bitcoin and Ethereum. Bitcoin, symbolized by BTC, is often known as digital gold or a store of value. Its current circulating supply is approximately 21 million coins and uses the proof-of-work (PoW) consensus mechanism. On the other hand, Ethereum, symbolized by ETH, is not only a digital currency but also a programmable blockchain and decentralized application platform. Its supply is unlimited with a proof-of-stake (PoS) consensus mechanism. Moving on to the comparison, Bitcoin is primarily used as a store of value while Ethereum is used for building decentralized applications and smart contracts. In terms of consensus, Bitcoin uses PoW while Ethereum uses PoS. When it comes to transaction speed, Bitcoin lags behind with around 7 transactions per second, while Ethereum has a faster speed of 15-30 transactions per second, with a goal of reaching 100000 in the future. Finally, in terms of supply, Bitcoin has a limited supply while Ethereum has an unlimited supply with a burning mechanism in place. As shown, these two cryptocurrencies have significant differences in characteristics and technical aspects. In the next slide, we will discuss their potential future. Thank you..

[Audio] Slide 9 of our exploration of decentralized currencies delves into the topic of Environmental Concerns. This slide discusses the high energy consumption of digital currencies, particularly Bitcoin, which is powered by the energy-intensive Proof-of-Work algorithm. The good news is that the cryptocurrency community is actively working towards a solution to this issue by shifting towards more energy-efficient methods. For example, Ethereum's transition to the Proof-of-Stake algorithm has already shown promising results in reducing energy consumption by a staggering ~99.95%. Ongoing efforts in the mining industry are also focused on using renewable energy sources for the mining process. By addressing this issue, decentralized currencies are not only revolutionizing the world of finance, but also contributing towards a more sustainable future. In the final slide, we will summarize the key points and discuss the potential impact of decentralized currencies on the future of finance..

[Audio] Welcome to the final slide of our presentation on Decentralized Currencies. We have discussed the future of finance with Bitcoin and Ethereum and the potential impact of regulations, scalability, and mass adoption. Regulation is essential for the widespread acceptance and success of decentralized currencies. Governments across the globe are working on establishing frameworks for crypto assets, which will bring clarity and stability to the space. This will also increase confidence from both investors and the general public. One of the main challenges for decentralized currencies is scalability. However, there have been promising developments with layer 2 networks that are improving transaction speeds and costs. This brings us closer to the vision of a truly decentralized financial system. Lastly, mass adoption is the ultimate goal for decentralized currencies to reach their full potential. As more people become aware and interested in this space, we can expect a significant increase in mass adoption in the coming years. Thank you for joining us on this journey to explore the future of finance with decentralized currencies. We hope this presentation has provided valuable insights and we look forward to a decentralized and more inclusive financial system for all..