Cryptocurrency PPT script
Cryptocurrency’s introduction and history: (suyash)
Bitcoin, invented in 2009 by Satoshi Nakamoto, is the first
cryptocurrency, initially used by tech enthusiasts and libertarians,
now with a market capitalization exceeding $1 trillion.
Following Bitcoin, numerous cryptocurrencies like Ethereum,
Ripple, and Litecoin emerged, each with unique characteristics
like transaction speed, mining algorithm, and block size, creating
a diverse market.
Cryptocurrency revolutionizes the financial sector with its
decentralized, secure, and efficient nature, offering a viable
alternative to traditional banking systems.
Core technology: (karthik)
Blockchain is the core technology behind cryptocurrencies. It is a
decentralized ledger that records all transactions using a
particular cryptocurrency. It ensures security and transparency
through cryptographic algorithms that verify and authenticate
transactions. The decentralized nature of blockchain eliminates
the need for a central authority and relies on a network of
computers to validate and maintain the ledger, ensuring that
transactions cannot be tampered with or manipulated. Blockchain
has applications beyond cryptocurrency, including smart contracts
and decentralized applications. Overall, blockchain provides a
secure, transparent, and decentralized system for transactions,
potentially revolutionizing various industries.
Use cases and applications: (aswin)
Cryptocurrencies offer numerous applications beyond digital
currency use, including cross-border payments, decentralized
finance, micropayments, asset tokenization, identity verification,
supply chain management, and charitable donations. They
eliminate intermediaries, making them accessible for SMEs and
individuals. Decentralized finance platforms create more
accessible financial services, while micropayments provide
convenience and faster payment options. Cryptocurrencies'
decentralized nature offers significant potential for innovative use
cases.
The possibility of facing risks and being a victim of scams:
(karthik and suyash)
(suyash starts)Cryptocurrencies offer benefits but also carry
risks. Cyber attacks can compromise wallets and exchanges, so
using reputable platforms and enabling two-factor authentication
is important. Scams and fraud are prevalent, so research before
investing and avoid high-return, low-risk schemes.
(karthik continues) Price volatility is also a concern, and
Understanding and complying with local regulations is crucial. To
stay safe, one should adopt good cybersecurity practices, conduct
thorough research, and use reputable platforms and trusted
exchange’s.
Major cryptos: (Tathagat)
Bitcoin: which is the original cryptocurrency and is still the most
popular and valuable one. It is decentralized, meaning it is not
controlled by any government or financial institution. Bitcoin can
be used to buy goods and services online, or it can be traded
for other currencies.
Ethereum: which is the second-largest cryptocurrency by market
capitalization. It is a platform for decentralized applications, also
known as (DAPPS). Ethereum is also used to create and trade
non-fungible tokens (NFTs).
Future outlooks & conclusion: (ronak)
Cryptocurrencies' future outlook is promising and uncertain.
Mainstream adoption is increasing, with more individuals,
businesses, and institutional investors showing interest.
Governments are developing regulatory frameworks to provide
stability and mitigate risks. Central bank digital currencies
(CBDCs) could compete with or complement existing
cryptocurrencies, further legitimizing their integration into
traditional financial systems. Scalability and efficiency are areas
that need improvement, with solutions like layer 2 protocols and
sharding aiming to increase efficiency.
