The Digital Currency
1
Md. Taher Bin Omar Hijbullah
22303142
BCSE
Tamanna Begum
22303113
BCSE
THE
Bin Yamin Bhuiyan
DEFENDERS
22303141
BCSE
2
Siam Hossain
22303115
BCSE
Rakibul Hasan Roman
22303126
BCSE
Presented To
H. M. Nazmul Alam completed his undergraduate and
graduate program from the University of Dhaka. Previously he
worked as an Assistant Editor of The Daily Ittefaq. Besides
being a journalist, he is also a writer, a columnist, and a
3
translator. He has a profound interest in Literature,
Philosophy, and Geopolitics. Currently, he is working as a
lecturer of English at IUBAT.
SHORT OVERVIEW OF
4
OUTLINE
What is Crypto currency?
Government Control
Present Crypto currency
Bitcoin
Mining Crypto currency
Why Use Crypto currency?
Transaction Process
Difference
5
Accepted Countries
Acceptance in Bangladesh
What is Crypto currency?
Crypto Currencies are just lines of computer code that hold
monetary value. Those lines of code are created by electricity
and high performance computers. 6
Government Control
Government has no control over the creation of
Crypto currency, which is what initially made them
so populer.
Most Crypto currencies begin with a market cap
in mind, which means that their production will
7
decrease over time thus, ideally, making any
particular coin more valuable in the future.
Present Trending Crypto currency
Bitcoin (Current market value is about 1,762,316.06BDT)
8
Ether
(Current market value is about 130,726.00BDT)
BNB
(Current market value is about 29,885.31BDT)
Tether
(Current market value is about 103.27BDT)
XRP
(Current market value is about 40.22BDT)
Doge
(Current market value is about 10.34BDT)
BITCOIN
Bitcoin was the first crypto coin currency ever invented. No one knows exactly who
9
created it - cryptocurrencies are designed for maximum anonymity - but bitcoins first
appeared in 2009 from a developer supposedly named Satoshi Nakamoto.
What will need for Mining Crypto currency
• A free private database called a coin wallet. This is password
protected container that stores your earnings and keeps a networkwide ledger of transactions.
• A free mining software package.
• A membership in an online mining pool, which is a community of
miners who combine their computers to increase profitability and
income stability.
10
• Membership at an online currency exchange, where you can
exchange your virtual coins for conventional cash, and vice versa.
• A reliable full-time internet connection, ideally 2 megabytes per
second or faster speed.
Why Use Crypto currency?
• Fast
• Easy to use
• Free to transfer and hold
• Decentralized control - users are the only owner of
Crypto currency
11
• Central government can't take it away and there are
no chargebacks
• Privacy and security - anonymous payments
TRANSACTION PROCESS
12
DIFFERENCE BETWEEN CONVENTIONAL AND CRYTOCURNCY
Conventional Currency
Crypto Currency
Type
Real
Virtual
Intermediates
Yes
No
Portability
Yes
Highly Portable
Durable
Moderate
Highly Durable
Acceptance
National
Global
13
14
15
‘TRADING IN CRYPTO CURRENCY IS NOT ALLOWED IN BANGLADESH’
Bangladesh Bank reiterates
The Dailystar
Star Business Report
Thu Sep 15, 2022
16
17