The Rise and Impact of
Cryptocurrency
LSE ALM-1
SK. Sameer Basha -
2400030779
P . Vignesh -
2400030796
J . Jothish Venkata Sai -
2400030795
Introduction of Cryptocurrency
A cryptocurrency is a
digital currency, which is an
alternative form of payment
created using encryption
algorithms.
Cryptocurrency was
introduced in 2009 with the
launch of Bitcoin
Types of Cryptocurrency
1. Bitcoin (BTC) -2009
2. Ether (ETH) -2015
3. Binance Coin (BNB) -2017
4. Stable Coin (STC) -2014
5. Doge Coin (DC) -2013
Blockchain of Cryptocurrency
Blockchain technology records and confirms
cryptocurrency trades, like a digital ledger. It
collects and stores information about buying,
selling, or exchanging digital assets. This
information exists without a central authority
(such as a bank) overseeing or controlling the
cryptocurrency market.
Benefits of Cryptocurrency
Security Decentralization
Cryptographic techniques are used to Cryptocurrency is not controlled by
secure transactions and protect any central authority, making it
against fraud. resistant to censorship and
manipulation.
Transparency
Accessibility
All transactions are recorded on the
Cryptocurrency can be accessed by
blockchain, making them publicly
anyone with an internet connection,
auditable and transparent.
regardless of their location.
Investing in Cryptocurrency
Research
Learn about the different types of cryptocurrency
Choose an Exchange
Select a reputable cryptocurrency exchange where you can buy
and sell
Set up a wallet
Create a secure wallet to store your cryptocurrency
Invest
Invest carefully,considering your risk tolerance and investment
goals
Risks and Challenges of Cryptocurrency
Price Volatility
Cryptocurrency prices can fluctuate
wildly, making it risky for investors.
Security Risks
Cryptocurrency exchanges and wallets
are targets for hackers and scammers.
Lack of Regulation
The lack of clear regulation can lead to
uncertainty and create opportunities for
fraud
Future of Cryptocurrency
Financial Inclusion
Cryptocurrency could provide financial
services to the unbanked population.
Global Payments
Cryptocurrency could facilitate faster and
cheaper cross-border payments.
Decentralized Finance (DeFi)
Cryptocurrency is powering the
development of new financial applications.
Thank you
