Crypto Currency Presentation
Transcript: History History of Bitcoin Created by Satoshi Nakamoto in 2009 Result of the financial crisis Trust in banks were lost and people were in a place to adopt a new technology Built on a peer-to-peer consensus Algorithm Algorithm Peer to Peer consensus Foundation Public Ledger/ Transparency Foundation of Digital Assets Why were Crypto Currencies created? What exactly are Crypto Currencies? Difference between Fiat and Crypto Why Use Cryptocurrency? Why use Cryptocurrency? Fast Cheap Transactions are simple Free to hold Decentralized Central government can’t take it away Privacy and Security No barriers to transact Transparency Reduced fraud Major Cryptocurrencies Major Cryptocurrencies Bitcoin XRP Litecoin Dash Neo IOTA Omisego Coin Market Cap Coin Market Cap How to track Prices, Trends and the biggest gainers and losers of the hour, day, week, and even the year. Coinmarketcap.com Technology Technology (DLT) Distributed ledger technology (DLT) Distributed ledger technology is essentially a database that is shared amongst computers spread around the globe, creating a decentralized environment rather than a centralized one. Distributed ledger technology (DLT) When you go to Facebook and log in, the user authentication process is all done on Facebook’s, centralized database. Their database stores users’ names and usernames. Alternatively, if Facebook was decentralized, then the user authentication process would be completed by the distributed ledger shared amongst users around the globe. So, instead of username information being stored at Facebook’s headquarters, it is stored by everyone who is part of the shared, distributed ecosystem. The goal of DLT is to offer a trustless and safer alternative to centralized services. For Example Mining Mining With the coin's current production rate of 1,800 BTC per day until May 2020, and the projection this will halve every 210,000 blocks, it'll be the year 2140 by the time we get close to Bitcoin's 21 million coins limit. Mining Hardware Mining Hardware Mining Software Mining Software Blockchain Blockchain Wallets Wallets A cryptocurrency wallet is an app that allows cryptocurrency users to store and retrieve their digital assets When a user acquires cryptocurrency, such as bitcoins, she can store it in a cryptocurrency wallet and from there use it to make transactions. Wallets Cryptocurrencies are stored in wallet with digital credentials for your bitcoin holdings and allows you to access them. Wallet uses public-key cryptography, in which two keys, one public and one private are generated. Public key can be thought of as an account number or name and the private key, ownership credentials. Cryptocurrencies are transferred to the next owner when the next owner gives a public key and previous owner uses his private key to publish a record into system announcing that the ownership has changed to the new public key. Bitcoin First decentralized peer to peer payment network powered by its users (no central authority) Bitcoin Payments recorded in public ledger 21 million Bitcoins will be created or mined until 2140 (anti-inflation) Bitcoin doesn’t charge fees for either national or international transfers. Bitcoin is not the first private money, not the first digital currency, and not the first currency based on cryptography, but it has been the first to rely on peer to peer network decentralization to avoid double spending. Bitcoin protects against double spending by verifying each transaction added to the block chain to ensure that the inputs for the transaction had not previously already been spent. Foundation Banks are pro crypto Have Private Trading floors specifically for the crypto market United States has shown some hesitancy in adoption Tax Code and IRS Government Regulation and Taxation The Mainstream Crypto Currencies and the Mainstream Winklevoss Twins Zuckerburg Libra/Gemini FANG “Crypto Cities” Malacca, Malaysia Slovenia/Croatia AKoin Liber Stad Active investor How to be an active investor in this market… Our Discord chat Ecosystem Provide information daily news articles, market analysis, weekly trades for the week. 7.99 a month. News Articles pertaining to the whole crypto market. Curated for accuracy and relevance. Possible Trades that can be taken. Market Analysis for specific coins that are “hot” and buzzing, as well as new coins poised to disrupt the market. Government Regulation Engage with community, ask questions, encourage conversation and interaction within the ecosystem
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