Everything you need to know about Cryptocurrency - PowerPoint PPT Presentation

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Everything you need to know about Cryptocurrency

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Cryptocurrency is the digital asset which works like the process of exchange which uses the strong cryptography for securing the financial transactions, verification of asset transfer and the formation of further units. – PowerPoint PPT presentation

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Title: Everything you need to know about Cryptocurrency


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Everything you need to know about
Cryptocurrencies
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What is Cryptocurrency
  • Cryptocurrency is an internet-based medium of
    exchange which uses cryptographical functions to
    conduct financial transactions. 
  • Cryptocurrencies can be sent directly between two
    parties via the use of private and public keys.
  • Cryptocurrencies leverage blockchain technology
    to gain decentralization, transparency, and
    immutability.
  • The value of any cryptocurrency at any given time
    depends on supply and demand. 

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Types of Cryptocurrencies
  1. Jings Coin

JINGS Coin is different secure than any other
currency you've used before, JINGS Coin is a
decentralized public platform that run based on a
blockchain.
2. Bit Coin
Bitcoin is the first decentralized cryptocurrency
that uses blockchain technology to facilitate
peer-to-peer payments.
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3. Litecoin
Litecoin is a fork of bitcoin designed as an
alternative to improve the speed and scalability
of peer-to-peer transfers.
4. Ethereum 
Ethereum is a platform that uses blockchain
technology to enable the creation of smart
contracts. Smart contracts are bits of code that
can be written to the blockchain
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HOW CAN I GET CRYPTOCURRENCIES
  • Its relatively easy to purchase most
    cryptocurrencies and considerably more
    difficult to unload them.
  • here are also called digital wallets that enable
    you to keep cryptocurrencies yourself and send
    funds to others with relative ease.

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IS IT SECURE?
  • Cryptocurrencies are usually built using
    blockchain technology.
  • Cryptocurrency got its name because it uses
    encryption to verify transactions.
  • This means advanced coding is involved in storing
    and transmitting cryptocurrency data between
    wallets and to public ledgers.
  • The aim of the encryption is to provide security
    and safety.

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4 Tips to Invest in Cryptocurrency Safely
1. Research Exchanges
Before you invest one dollar,
learn about cryptocurrency exchanges. These
platforms provide the means to buy and sell
digital currencies, but there are 500 exchanges
to choose from, according to gobitage.com.
2. Know How to Store Your Digital Currency If
you buy cryptocurrency, you have to store it. You
can store it on an exchange or in a digital
"wallet,. While there are many different kinds
of wallets, each has its own benefits, technical
requirements and security.
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3. Diversify Your Investments Diversification is
a key to any good investment strategy, and it
holds true when you are investing in
cryptocurrency too. There are thousands of
options, and it's best to spread your investment
around to several currencies.
4. Prepare for Volatility The cryptocurrency
market is a volatile one, so be prepared for ups
and downs. You'll see dramatic swings in prices.
If your investment portfolio or mental wellbeing
can't handle that, cryptocurrency might not be a
wise choice for you.
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Advantages
Better Security
Access to everyone
Lower Fees
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Grow your Cryptocurrency
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Universal Recognition
Asset Transfers
Anonymity
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Disadvantages
  • It can be difficult to understand
  • Uncertainty and volatility
  • Still not accepted by all
  • No way to reverse the payment
  • Losing wallet
  • Problem of scaling

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TOP 5 DAY TRADING CRYPTOCURRENCY STRATEGIES
  • 1. Learn the basics of blockchain technology.
  • 2. Research each coin you want to trade in.
  • 3. Cryptocurrency trading platform.
  • 4. Learn the basics of day trading.
  •  
  • 5. Use day trading orders wisely..

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Developing Increased Security in Crypto
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