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Seminar Blockchain 3rdsem Hemangee

The seminar presentation titled 'Blockchain in Cryptocurrency' discusses the role of blockchain technology in enhancing the security, transparency, and efficiency of cryptocurrency transactions. It highlights the challenges faced by cryptocurrencies, such as scalability and security risks, while outlining the architecture and applications of blockchain. The presentation concludes that ongoing innovation is essential for overcoming these challenges and ensuring the sustainability of blockchain technology.

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7 views17 pages

Seminar Blockchain 3rdsem Hemangee

The seminar presentation titled 'Blockchain in Cryptocurrency' discusses the role of blockchain technology in enhancing the security, transparency, and efficiency of cryptocurrency transactions. It highlights the challenges faced by cryptocurrencies, such as scalability and security risks, while outlining the architecture and applications of blockchain. The presentation concludes that ongoing innovation is essential for overcoming these challenges and ensuring the sustainability of blockchain technology.

Uploaded by

FALL GAMERS
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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SVKM’s Institute of Technology, Dhule

Department of Information Technology

Seminar-1 Presentation
On

“BLOCKCHAIN IN CRYPTOCURRENCY”
1 Dhanashri Bahalkar
22 Dhanashri Hirulkar
39 Hemangi Patil

Guide
“ Mr.Sagar Badjate ”

Day and Date of Review :


Seminar Details
• Seminar Title : Blockchain In Cryptocurrency
• Seminar Domain: Cybersecurity
• Seminar Group Members:
– 23054491246004 , Dhanashri Bahalkar
– 23054491246023, Dhanashri Hirulkar
– 23054491246044 , Hemangi Patil

Seminar Title Goes here 2


Contents
• Seminar Group
• Seminar Motivation
• Introduction
• Literature Survey
• System Architecture/Design
• System working
• Applications/advantages
• Conclusions
• References
Seminar Title Goes here 1
Problem statement
● Cryptocurrencies face challenges in becoming widely
accepted due to issues like slow transaction speeds,
security risks, and difficulty in following different laws
across countries.

Only one slide


Seminar Title Goes here 4
Motivation
• Blockchain started in 1991 as a way to store and secure
digital data.
• The need for decentralization is the key motivation
behind the blockchain technology.

one slide only


Seminar Title Goes here 2
Aim and Objectives of the Project
• Aim
– The blockchain helps prevent fraud and unauthorized activity.
– It gives facility to verify and audit transactions by multiple
supply chain partners involved in the supply chain
management system.
• Objective
– To create a blockchain system that makes cryptocurrency
transactions faster, safer, easier to use.
– To compliant with global laws, encouraging more people and
companies to trust and use digital currencies.

Seminar Title Goes here one slide only 6


Introduction
●Blockchain is a shared, immutable ledger
or distributed database that is shared
among the nodes of a computer network.

●It facilitates
the process of recording
transactons and tracking assets in a business
network.

●A blockchain collects informaton together


in groups, known as blocks, that hold sets of
informaton.
Seminar Title Goes here 7
Literature Survey/Related work

Sr. No. Reference Name (Write Seed Idea/ Work description Problems found
Paper Title)
1 Bitcoin: A Peer-to-Peer Introduced the concept of blockchain Bitcoin’s blockchain has
Electronic Cash System and decentralized digital currency limited capacity for
processing transactions
2 Ethereum: A Secure Detailed the Ethereum platform and its In Ethereum, every
Decentralized Generalized capabilities for creating decentralized operation on the
Transaction Ledger applications (dApps) through smart blockchain requires "gas"
contracts. to incentivize miners to
process it.
3 The Blockchain Scalability Discusses scalability issues and solutions Blockchains like Bitcoin
Problem and Proof-of-Work within blockchain systems. and Ethereum, which use
PoW, have low transaction
throughput.

Seminar Title Goes here 9


System Architecture/Design
1. Components of Blockchain Architecture:

•Nodes: These are individual computers within the network that


maintain a copy of the blockchain and validate transactions.
•Ledger: A distributed ledger where all transactions are recorded.
Each block contains a list of transactions.
•Blocks: Each block contains a list of transactions, a timestamp,
and a reference to the previous block, forming a chain.

Seminar Title Goes here 10


System Architecture/Design
1. Components of Blockchain Architecture:

•Consensus Mechanism: This ensures all nodes agree


on the validity of transactions. Common mechanisms
include Proof of Work (PoW) and Proof of Stake (PoS).
•Cryptographic Hashing: Ensures data integrity by
converting transaction data into a fixed-size hash value.
•Smart Contracts: Self-executing contracts with the
terms directly written into code, enabling automated and
trustless transactions.

Seminar Title Goes here 10


System Architecture/Design
Popular Blockchain Systems:
•Bitcoin: The first and most well-known cryptocurrency, using PoW for
consensus.
•Ethereum: Known for its smart contract functionality, using PoS in its latest
version.
•Hyperledger Fabric: A permissioned blockchain framework aimed at
enterprise use.

Seminar Title Goes here 10


System Use case diagram

Seminar Title Goes here 11


Applications/Advantages/Disadvantages
• Applications of Blockchain in cryptocurruncy

12
Applications/Advantages/Disadvantages
Advantages Challenges
❖ Cryptographic Security ➢ Scalability Issues
❖ Immutability via Hash ➢ High Energy Consumption
Linking ➢ Data Storage Requirements
❖ Transaction Transparency ➢ User Experience and
and Auditability Complexity
❖ Ownership and Control
❖ Lower Transaction Costs
❖ Efficiency and Speed

12
Conclusions
blockchain technology serves as the backbone of cryptocurrency by providing a decentralized,
secure, and transparent framework for peer-to-peer transactions. It eliminates the need for
intermediaries, ensuring trust through cryptographic proof and distributed consensus mechanisms.
While blockchain brings immense advantages such as enhanced security, transparency, and
immutability, it also faces challenges like scalability, privacy issues, and the potential for 51%
attacks. Its core features, such as cryptographic hashing, public-key infrastructure , and Merkle
trees, ensure data integrity, security, and immutability.
By leveraging distributed consensus mechanisms such as Proof of Work and Proof of Stake ,
blockchain ensures trust and security in peer-to-peer networks, allowing for the transparent
execution of transactions
•Decentralization and security make blockchain ideal for cryptocurrencies.
•Challenges include scalability, privacy, and security risks.
•Ongoing innovation is key to ensuring blockchain's sustainability an

Seminar Title Goes here 13


References
1. https://en.wikipedia.org/wiki/Blockchain

2. https://www.investopedia.com/terms/b/blockchain.asp

3. https://www.pngegg.com/en/search?q=blockchain+Technology

4. https://www.simplilearn.com/tutorials/blockchain-tutorial/why-is-blockchain-important

5. https://www.geeksforgeeks.org/advantages-and-disadvantages-of-blockchain

Seminar Title Goes here 14


Thank you

Seminar Title Goes here 15

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