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Hey, guys, welcome back.

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In this lecture, we're going to discuss about crypto currencies, what are they and most importantly,

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why are they so famous?

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So let's get started.

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So what are cryptocurrency guarantees?

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A cryptocurrency can we call as a digital or virtual money?

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It's not like watching money we have in bank account, which remains the same.

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Excluding the interest we get us, there is not much difference.

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But this was Germany, which we are talking about can be traded, sold as well as can be bought for

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profits.

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The cryptocurrency is secured by cryptography, which makes them nearly impossible to counterfeit.

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Or the bills.

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Actually, the cryptocurrency are stored in a wallet, not a real one, but a virtual one.

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Now you can also store them in a virtual wallet, as we've discussed, as well as account.

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It can also be stored in a physical vault like Upendra or Sillitoe, which makes them super portable.

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Plus, as they are encrypted through cryptography, it is nearly impossible to just copied and pasted

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on some other location.

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It's doubling it.

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So do the cryptography.

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It's nearly impossible to counterfeit them or double them.

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The transaction of bitcoins are implemented using the block chain.

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Technology were discussed about the block chain technology previously in the schools.

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The Deep Dark Web works on the same block chain technology and block chain technology.

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The signal from host device is bounced through several servers.

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It is encrypted, it eatable it till it reaches the requesting device to do this block chain technology.

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The crypto currencies are impossible to track on the positive side of the block chain technology.

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We can say that all your transactions are anonymous, but on the negative side of block technology,

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the cryptocurrency one transfer once transfer cannot be returned or claimed back.

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The main positive points about cryptocurrency is that they are not issued by any central authority,

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rendering them theoretically immune to government interference or manipulation so that it is, as are

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the state, that crypto currencies are not issued by any central authority or any government to do it.

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It's impossible for the government to keep track of these currencies also, as just currencies cannot

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be tracked, it's largely used to convert black men into white money.

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Now we will discuss about the main points about cryptocurrency.

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A cryptocurrency is a new form of digital asset based on a network that is distributed across a large

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number of computers.

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This decentralized structure allows them to exist outside the control of governments and central authority.

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As we discussed earlier this crypto currencies are not controlled by any government or any third party

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organization, so they are impossible to track.

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Also, it's impossible for the government to keep track of it.

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That's why they are used in a marketplace of the deep dark web.

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Totally anonymous can only be tracked.

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The word cryptocurrency is derived from the encryption techniques which are used to secure the network.

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Actually, the encryption method, which is used to encrypt this virtual currencies, is known as cryptography

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tutorage.

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Its name is cryptocurrency.

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In fact, the first ever cryptocurrency was made in July 2010, which was Bitcoin, but is also the

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most expensive cryptocurrency.

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Did it say that it was developed by Satoshi Nakamoto was a Japanese person?

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Cryptocurrency is faced criticism for a number of reasons, including their use for illegal activities,

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exchange rate volatility and vulnerabilities for the infrastructure underlying them.

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However, they have also been praised for their portability.

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It was ability, inflation, resistance and transparency.

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Yes, the critism factor can be seen clearly if we consider the deep dark web, but if we compare them

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with the positive point, the cryptocurrency seem to be important.

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Talking about its portability factor, we already discussed earlier that it can be stored in virtual

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wallets as well as in physical wallets like boundry or similar to those they are super portable.

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Cryptocurrency is divisibility fact.

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That is one of its main factors.

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People that have never used cryptocurrency as before might think that they are required to purchase

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of all bitcoin to transact with the new form of cryptocurrency.

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However, one bitcoin is divisible into one hundred million units and in smaller units.

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Smaller unit is called a Satoshi, so it's not compulsory to buy a full single cryptocurrency as it

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may be costly, but you can buy them.

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In part, that's divisibility.

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The transparency factor helps an easy we can see buying and selling of cryptocurrency is like reoccurrences.

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Why?

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Actually we are talking this much about crypto currencies and why are they very famous for the sake

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of.

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We are only going to talk about bitcoins, so first let's talk about its history.

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It was developed by Satoshi Nakamoto.

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It has high volatility.

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That is, its price can go up or down very rapidly.

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It was started in July to 2010.

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Its starting price was eight cents.

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OK, that was 2010.

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But talking about 2020, its price is sixteen thousand five hundred and sixty three dollars.

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That mountain height, 20 million percent increase, and that's not a small value, let's say, its

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graphical form.

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So you see people who have purchased bitcoins for eight cents in 2010 have converted these eight cents

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into sixteen thousand dollars in just 10 years.

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Did this high volatility factor, the bitcoins are being more famous and they are investing a lot of

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money in them fact that are only maximum 21 million bitcoins in the world and today that are around

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eighteen point five million bitcoins in circulation, you guys.

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That's it for this lecture we discussed about the origin and the basic point about cryptocurrency.

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In the next lecture, we'll be discussing about the advantages and disadvantages of crypto currencies.

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See you there.

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Thank you very much.