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OSAMA LIAQAT-1.pptx
1.
2. Index
Misconceptions about Cryptocurrency
Time line
How Cryptocurrency function (Buy or Create )
Cryptocurrency acceptance and rejection on country level
Cryptocurrency and Islamic world
Conclusion
3. Misconceptions about Cryptocurrency
Cryptocurrency is just a passing fad:
Cryptocurrency is only used for illegal activities:
Cryptocurrency is completely anonymous:
Cryptocurrency is only for tech-savvy people:
4. 1983-2008: The Pre-Bitcoin Era
1983: eCash
1995: DigiCash
1998: Crypto is Coined
2008: Economic Crisis Strikes
5. 2009-2017: Bitcoin Birth to Boom
2009: Bitcoin
The 1st transaction
2009: New Liberty Standard
2010: Bitcoin Valuation
2012: The Halvening
2012: Staking Tokens
9. Make your cryptocurrency
Define your cryptocurrency's purpose and
features:
Choose a blockchain platform:
Define the consensus mechanism:
Design the cryptocurrency architecture:
Create the cryptocurrency:
Test the cryptocurrency:
Launch the cryptocurrency:
10. Value of any cryptocurrency
Supply and Demand:
Market Sentiment:
Utility and Adoption:
External factors
11. Why Cryptocurrencies is so unstable
Lack of regulation:
Speculation and hype:
Limited supply:
Lack of adoption:
13. Buy cryptocurrency
Choose a cryptocurrency exchange or platform:
Create an account:
Verify your identity:
Fund your account:
Choose a cryptocurrency:
Place an order:
Store your cryptocurrency:
14. Exchanges
Platform for trading cryptocurrencies
Real-time market data.
Security
Additional features
19. Side effects of cryptocurrency adoption
Volatility and risk:
Lack of regulation:
Security concerns:
Environmental impact:
20. Why countries did not accept it
Regulatory concerns:
Lack of understanding:
Price volatility:
Security concerns:
Environmental impact:
21. Cryptocurrencies good or bad for
countries
Positive impact
New markets,
Promoting financial inclusion,
Driving innovation in the technology sector.
Cross-border transactions
Potential risks and negative impacts
Market instability
Pose risks to investors and consumers.
Illegal activities
24. Traditional currency vs cryptocurrency
Traditional currencies, such as the US dollar or Euro, have long-
established use cases as a medium of exchange, store of value, and
unit of account. They are widely accepted and relatively stable, with the
value of the currency being backed by the respective governments and
central banks. However, traditional currencies can be subject to inflation,
fluctuation in value, and geopolitical factors.
Cryptocurrencies, on the other hand, offer some unique advantages
over traditional currencies. Cryptocurrencies, such as Bitcoin or
Ethereum, are decentralized, meaning that they are not backed by any
government or central authority. They also offer greater privacy and
security than traditional currencies, as transactions are recorded on a
public blockchain ledger that cannot be altered or tampered with.
Cryptocurrencies can also be easily transferred across borders, with
lower fees and faster transaction times than traditional payment
methods.
25. Traditional currency vs cryptocurrency
However, cryptocurrencies are also highly volatile, with prices
subject to fluctuation based on market demand and
speculation. The lack of centralization also means that
cryptocurrencies may be subject to regulatory uncertainty and
may not be widely accepted for payment in all countries or by
all merchants.
Ultimately, whether traditional currencies or cryptocurrencies
are better depends on individual preferences and use cases.
Traditional currencies may be more suitable for day-to-day
transactions, while cryptocurrencies may offer advantages for
cross-border payments or as a store of value. It's important to
carefully consider the risks and benefits of both before making
a decision.