What are Blockchain and Cryptocurrencies?
                     B L O C K C H A I N  A N D  
C R Y P T O C U R R E N C I E S
CRYPTOCURRENCIES
• Cryptocurrencies have a potential future and even though they have fluctuating 
values, these digital assets might find a way to become an effective means of 
payment.
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WHAT IS BLOCKCHAIN TECHNOLOGY?
• A blockchain is a decentralized ledger of all transactions across a peer-to-peer 
network. Using this technology, participants can confirm transactions without a 
need for a central clearing authority. Potential applications can include fund 
transfers, settling trades, voting and many other issues.
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BITCOIN
• Bitcoin sported a market value of over $2 billion at its peak, but a 50% plunge shortly 
thereafter sparked a raging debate about the future of cryptocurrencies in general and Bitcoin 
in particular.
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MINING PROCESS
•  Bitcoins are created digitally through a “mining” process that requires powerful computers to 
solve complex algorithms and crunch numbers. 
Source: www. investopedia.com
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CREDIBILITY TO BLOCKCHAIN
• Some economic analysts predict a big change in crypto is forthcoming as institutional money 
enters the market. Moreover, there is the possibility that crypto will be floated on the Nasdaq, 
which would further add credibility to blockchain and its uses as an alternative to conventional 
currencies.
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VERIFIED EXCHANGE TRADED FUND 
• Some predict that all that crypto needs is a verified exchange traded fund (ETF). An ETF would 
definitely make it easier for people to invest in Bitcoin, but there still needs to be the demand 
to want to invest in crypto, which might not automatically be generated with a fund.
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NO CENTRAL AUTHORITY
• The decentralization renders Bitcoin free from government manipulation or interference, the 
flipside is that there is no central authority to ensure that things run smoothly or to back the 
value of a Bitcoin.
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INCREASING SCRUTINY
• Bitcoin’s main benefits of decentralization and transaction anonymity have also made it a 
favored currency for a host of illegal activities including money laundering, drug peddling, 
smuggling and weapons procurement.
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LIMITATIONS
• Some of the limitations that cryptocurrencies presently face such as the fact that one’s digital 
fortune can be erased by a computer crash, or that a virtual vault may be ransacked by a 
hacker may be overcome in time through technological advances.
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FUNDAMENTAL PREMISE
• What will be harder to surmount is the basic paradox that bedevils cryptocurrencies – the more 
popular they become, the more regulation and government scrutiny they are likely to attract, 
which erodes the fundamental premise for their existence.
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WIDESPREAD ACCEPTANCE
• While the number of merchants who accept cryptocurrencies has steadily increased, they are 
still very much in the minority. 
• For cryptocurrencies to become more widely used, they have to first gain widespread 
acceptance among consumers. 
Source: www. investopedia.com