A Beginner’s Guide to the Latest Market Gig-Cryptocurrency - PowerPoint PPT Presentation

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A Beginner’s Guide to the Latest Market Gig-Cryptocurrency


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Title: A Beginner’s Guide to the Latest Market Gig-Cryptocurrency

A Beginners Guide to the Latest Market
What is Cryptocurrency? Starting from its premier
meaning, Cyptocurrency is actually a shortened
version for cryptographic currency. But, in
broader terms it is defined as a digitally
encrypted form of currency that bears no central
issuing authority but has some decentralized
system to record the Digital Money Exchange or
transactions as well as the issuing of new
currency units to avoid any fraud activity during
transactions. The decentralized system is the
much discussed topic-Blockchain which has
miners to record such activities. The
cryptocurrencies that are popular today are
Bitcoin and Ethereum.
Where does this cryptocurrency go? The digital
wallets that are on the list of Blockchainstores
this Cryptocurrency. Just a bit of internet
connection is necessary to access these
  • How it actually works?
  • The Beginning of transaction The user goes to a
    Digital Exchange Forum to convert the currency
    into bitcoins and stores them in their bitcoin

  • The working inside the network The instant the
    user makes such demands, the bitcoin network is
    alerted about his purchase. The Bitcoin network
    is full of online merchants who accept bitcoin.
  • The payment system The decentralized system of
    bitcoin has miners who are working inside the
    blockchain and taking care of every transaction
    that is being made. These miners maintain a
  • The end of transaction After a quick
    verification, the data is broadcasted to all the
    users and the purchase is added on to the ledger.
  • This is how the entire system of cryptocurrency
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