Page 36 - PowerPoint Presentation

CRYPTOCURRENCIES – DIGITAL MONEY OR
MENANCE OF THE FUTURE?

Do you know that more than 103 million search
results will be shown when you type the word
‘cryptocurrency’ on google? Do you know 5 years
back there were hardly 15 cryptocurrencies in
circulation with a market capitalization of $1.5 billion

and today the number has swelled beyond anyone’s
Imagination.Currently there are more than 1,600

Currencies available for trading with a market cap of
CA Girish Jain
$333 billion and Bitcoin leading the race by 38% share of the cap.

Below rising bars can explain the surge.

US-Senator Thomas Carper rightly said, “Virtual currencies, perhaps most
notably Bitcoin, have captured the imagination of some, struck fear among
others, and confused the heck out of the rest of us.”

Today cryptocurrencies have become a global phenomenon still even bankers
have limited knowledge about it. So let us try to understand what is
cryptocurrency, how it has emerged as a side product of digital cash,
creating millions of jobs and if it’s really a bubble waiting to be burst?

Satoshi Nakamoto, inventor of Bitcoin, the first and still most valuable
cryptocurrency, never intended to invent a currency. His goal was simply to
invent something completely decentralized with no server or central authority

which many people failed to create earlier. It is this decision which gave birth
to the cryptocurrency. To realize digital cash you need a payment network
with accounts, balances, and transaction and one major problem every

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