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PerfektPay is one interface, where you can enjoy trade cryptocurrencies under one roof. Through Perfektpay, you can also keep a track on value of Cryptocurrency, and can take the decision of Buying or selling instantly.
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What is digital currency??? • Digital currency or digital money is an Internet-basedmedium of exchangedistinct from physical (such asbanknotesandcoins) that exhibits properties similar to physical currencies, butallows • instantaneous transactions and borderlesstransfer-of-ownership. • Bothvirtual currenciesandcryptocurrenciesare types of digital currencies, but the converse is incorrect.
What is cryptocurrency??? • A cryptocurrency (or crypto currency) is amedium of exchangeusingcryptographyto securethe transactionsandtocontrolthecreationofadditionalunitsofthecurrency. • Cryptocurrencies are a subset ofalternative currencies, or specifically ofdigitalcurrencies. • There were more than 710 cryptocurrencies available for trade in online markets as of 11 July 2016, but only 9 of them had market capitalizations over $10million.
List of cryptocurrencies:- • Bitcoin -BTC • Ethereum –ETH • Ripple -XRP • Steem -STEEM • Litecoin -LTC • Ethereum Classic –ETC • Dash -DASH • NEM -XEM • and manymore…
Queries about bitcoin: • How did it getstarted? • How is the currencycreated? • Why does it havevalue? • Who controls thevalue? • Who AcceptsBitcoin? • How Would I buy someBitcoins? • Why would I want someBitcoins? • Problems with Bitcoincurrency.
How Did It Start? • In 2009 A technical paper was posted on the internet by Satoshi Nakamoto titled Bitcoin: A Peer-to- Peer Electronic CashSystem • It described a system of cryptocurrency that was not backed by any government orany • existingcurrency. • Interestingly, there is no such person. It’s apseudonym. formof
Where DoBitcoins ComeFrom ? • Bitcoinisbasedonsolvinganencryptionformulawhichrequiresextremeamountsof • computingpower. • Each time you solve a portion of the formulayou earn a “BitCoin.” • Websites like Deepbit.nethelp you set up the miningformula. • Companiesbegantosellhardwarecalledgatearray minerstoenhancethe processingspeed. • Only 21 millionBit Coins will everexist • Nearly all Bitcoins have been mined and are now incirculation.
What is the Vision of Bitcoins? • Bitcoins are intended to be digitalcurrency. • Buyers and sellers will use them and eliminate all the middlemen such as credit cards, ATM machines,etc. • Bitcoins will be safer than carrying a plasticcard. • Bitcoins will be an international currency with no exchangetransaction fees.
What is the Value of a Bitcoin? • Bitcoins are like diamonds or gold – no intrinsicvalue. • As more people want to buy Bitcoins, sellers will chargemore. • It’s a free market and as wild as you canimagine. • No rules, regulations oroversight. • Speculators who think Bitcoins will be successful, buy as many as they can and hold them priceappreciation. • If 21 million Bitcoins are in circulation and current price is $500, thentotal • market value is ~$10 Billion.
Who Sells Bitcoins? • Larger Buyers go toExchanges • An Exchange is a website with significant software andfunding • There are at least 25 Bitcoin Online trader in the Indiaalone • We can buy and sell the bitcoins using our bankaccount • We can get the list fromlocalbitcoins.com
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