Principles Of Economics (Assignment)

Student Name : Azmatullah Khan

Roll Number : 2k17 | IT | 18
Semester : 2nd
Date : 4th Nov 2017

BlockChain and Crypto-C

 What is Blockchain?

A continously updated record of who holds what

It is a technology that is used to communicate with other members of community

What is the importance and uses of Blockchain? and how does it work?

Importance:
Financial technology is the new technology, that aims to compete with present financial
methods to deliver the financial services BITCOIN IS THE ONE OF THEM. it will revolutionaize
business
It will be the stage of internet, ( i.e based on real value and data nor the copies)

Every transaction is recorded on an open, distributed and public ledger which is accessible by
anyone

The entire community can verify the record's authentication

In the future, global economy will move towards one of the open, public and distributed properties
and trusts, where anyone can get involved in the transactions based on blockchain.

IMPORTANCE:

Third party transactions may no longer be necessary

Financial frauds will be reduced significantly

A huge proportion of trust services, such as notaries to banks,

will face challenges in their volumes, prices and even their survival.

Public authorities would find it really difficult for the enforcement of financial regulations
It is unhackable because of the fact that it has the distributed nature

USES:

It is used in environment wherever, there is;

Fraud

INTERMEDIARIES ( middle men )

THROUGHPUT ( no. Of transaction )

STABLE DATA ( non-volatile data )

and also bloackchain technology elliminates these features completly

from society
d Crypto-Currencies
 What will be the use of cryptography in future?

it provides decentralized data base of any transaction involving;

Values
Money
Goods
Properties
Work
does it work? Votes
Cars
or any other product

naize

WORKING;
It is used to store and share the real information without making an copy
e by
It works by using Encryption and Decryption techniques

It creates a record whose authentcity can be verified by the entire community

properties it solves the problem of money transfer

It is the technology that enable moving the digital currency (e.g etherium, bitcoin etc) from
one individual to another individual
Firms that are using block chain today;

Block chain registries are being looked at sweden

Diamonds are being looked at by the block chain in west

The nasdaq stock exchange , had begun a block chain system to record the trading
and private companies

Microsof is booting a new framework using the Ethereum framework

Steemit and D-tube are paying in crypto currencies

Thirty two banking giants (i.e credit suisse, hsbc, barclays ) decided to make a new
singal digital currency

and a lot more is going on

Crypto-Cu
ture?
What are cryptocurrencies, name som

cryptocurrency is a digital asset designed to work as a medium of exchange ()for this cryptog
transactions) to verify the assets transfer and to control the creation of additional units

Crypto-Currencies are a new type of currencies that are emerging on the global markets rap
up the present currencie

They are based on block chain, it means that it is not present at particular place as it is dece

There is a ton of cryptocirrencies, some of them are;

BTC Bitcoin
LTC Litecoin
ETH Etherium
ZEC Zcash
DASH Dash
XRP Ripple
XMR Monero etc

Which of the above given currencies is most famou

There are nmmber of reasons for the popularity of cryptocurrencies, such as

Bitcoin has became the standard of cryptocurrencies

The currencies other than the Bitcoin are called

altcoin, and they have tried to present themselves
 as a modified version of bitcoin.
They are easier to mine but there are some tradeoffs
such as acceptance and value retention.

There are nmmber of reasons for the popularity of cryptocurrencies, such as

Safe
anonymous
decentralized
market demand
"Blinded-money " algorithm

Why is the prices of abovely given currencies is rap

The most famous cryptocurrency Bitcoin's ( and other altcoins ) prices are increa
this behaviour of bitcoin makes it much more volatile than others

It is due to the fact, that it actually acts like the Gold,

the total number of bitcoins is fixed that is twenty one million.

These coins can be found by mining by using simple mining
softwares and can be stored in digital wallets

as the number of users of bitcoin is continously increasing

its worth is also increaing

all the crypto currencies work in the same way but the Bitcoin is the most famou

Conlusion
 Conlusion
By seeing these graphs we can conclude that the value of bitcoin is inc

By 2017, Bitcoin is still the biggest cryptocurrency.

The vlaue of a Bitcoin is increasing continously without any downfall ( e

minute and second ).

Some Economists concludes that the bitcoin is just like bubble that is ex
burst in the near future.

Although if we compare the market place of bitcoin in 2016 and 2017 it

place.

Etherium is just getting bigger bigger. Much more private companies ar

Etherium (like microsoft b/s of its features).
o-Currencies
rencies, name some?

exchange ()for this cryptography is used to secure the

on of additional units

on the global markets rapidly and are beating

rticular place as it is decentralised

is most famous? why are they famous?

ptocurrencies, such as The most used Crypto currencies and their sha

Cryptocurrency Market Capital

Bitcoin 42.1
Ethereum 29.2
Ripple 10.2
 Litecoin 2.1
Ethereum classic 1.7
700+ others 18.6

ptocurrencies, such as

urrencies is rapidly changing?

altcoins ) prices are increasing continously

Graph for the chage
han others YEAR 2009 2010
WORTH ( $ ) 0 0.8
like the Gold,
2009
s twenty one million.
8000
ning
7000

ing 6000

5000

Bitcoin is the most famous of them 4000

3000

2000

1000

sion 0
2009
1
0 0.8

2010
2 2011
3
9.66 11.23

2012
4
2017
 2000

1000

sion 0
2009
1
0

2010
2
0.8

3
9.66

2011
11.23

2012
4
2017
e value of bitcoin is increasing continously

y. MONTH Jan Feb Mar Apr

WORTH ( $ ) 997.69 987.35 1230.02 1089.51
ithout any downfall ( each n every

8000
st like bubble that is expanding but it will
7000

6000

5000
oin in 2016 and 2017 it has lost 45% mark
4000

e private companies are investing in 3000

2000
1230.02 1402.08
997.69 987.35 1089.51
1000

0
.Jan.
1 .Feb.
2 .Mar.
3 .Apr.
4 .May.
5
.Nov.

TIME ( 5 Nov 2017 ) 0:00 1:00 2:00 3:00

WORTH ( $ ) 7386.15 7345.55 7397.76 7377.98

5-N
7480

7460

7440

7420
7397.76
7400
7386.15
7380

7360
7345.55
7340

7320

7300

7280
1 2 3
 7345.55
7340

7320

7300

7280
1
0:00 1:00
2 2:00
3
6:00
o currencies and their shares in the digital markets The most used Crypto c
Cryptocurrency
Market Capital Bitcoin
billion Mar ket Capital IN 2017 Ethereum
billion Ripple
Bi tcoi n Ethereum Ri ppl e
billion Litecoin
Li tecoi n Ethereum cla ss i c 700+ others

17.90%
 Mar ket Capital IN 2017
Bi tcoi n Ethereum Ri ppl e
Li tecoi n Ethereum cla ss i c 700+ others
billion Monero
billion 700+ others
billion
17.90%

1.64%
2.02% 40.52%

9.82%

28.10%

raph for the chage in the value of BITCOIN:

2011 2012 2013 2014 2015 2016 2017
9.66 11.23 108 586.91 275.47 579.99 6918.92

2009 - 2017

6918.92

586.91 579.99
108 275.47
9.66 11.23

2011
3 2012
4 2013
5 2014
6 2015
7 82016 9
 586.91 579.99
108 275.47
9.66 11.23

2011
3 2012
4 2013
5 2014
6 2015
7 82016 9

May Jun Jul Aug Sep Oct Nov

1402.08 2452.18 2460.2 2735.59 4950.72 4394.64 6750.17

2017

6750.17

4950.72
4394.64

2735.59
2452.18 2460.2

02 1402.08
1089.51

. .Apr.
4 .May.
5 .Jun.
6 .Jul.
7 .Aug.
8 9.Sep. 10.Oct. 11

4:00 5:00 6:00

7410.61 7427.81 7457.73

5-Nov-2017

7457.73

7427.81
7410.61
7397.76

7377.98

3 4 5 6 7
2:00
3 43:00 54:00 6 5:00 7
The most used Crypto currencies and their shares in the digital markets
Market Capital
11300 million
875 million Mar ket Capital IN 2016
288 million
183 million

4.54%
0.70%
1.37%
2.16%
6.56%
 Mar ket Capital IN 2016

94 million
4.54%
0.70%
606 million 1.37%
2.16%
6.56%

84.67%

Bi tcoi n Ethereum Ri ppl e

Li tecoi n Monero 700+ others