Why Cryptocurrency?
Why Cryptocurrency?
Decentralized
Trustless
Secure
Transparent
Low cost / fee
Accessible
Blockchain and public ledger (Immutable Distributed Ledger)
Consensus Mechanism
Validating transactions
What is "Valid"
How to pick the validator
Proving mechanism
Cryptography and publicly verifiable, difficult to spoof/fake identity
Hash algorithms
Public/Private key cryptography
Proof of work
Limited Supply
Built as an anonymous currency, works better as a store-of-value
Stages of adoption
Cypherpunks
Tech enthusiasts
Institution
Nation-state / Sovereign
Platform for smart contracts
Proof of stake
Unlimited supply
Burn mechanism
Is [insert your coin name here] too expensive?
Isn't Bitcoin energy intensive / wasteful?