Blockchain, Cryptocurrency & Stablecoin

In Financial Ecosystem

Profile of Tuhu Nugraha

• Principal Indonesia Applied Digital Economy & Regulatory Network (IADERN)
• International speakers on blockchain at Singapore, Istanbul & Dubai
• Digital Business & Metaverse Consultant
• Certified Metaverse Expert by Blockchain Council USA
• Certified Crypto Currency Auditor by Blockchain Council USA
• Trainer in digital business, marketing and social media with more than 2,000 hours of in class training
• Undergraduate & Postgraduate Lecturer of LSPR Jakarta
• Best lecturer of PGP LSPR 2017 & 2020
• Best seller book writer“WWW.HM Defining Your Digital Strategy”
• Instagram: @tuhunugraha
• Email: tuhu.nugraha@gmail.com

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Definition of Blockchain

• A blockchain is a decentralized and distributed ledger technology.
• It consists of a chain of blocks, where each block contains a list of transactions.
• It is designed to be immutable, making it highly secure and resistant to tampering.
• Blockchain is often associated with cryptocurrencies, but its applications extend beyond digital currencies.

How Blockchain Works

• Blockchain operates on a peer-to-peer network of computers (nodes).
• Transactions are grouped into blocks and added to the blockchain through a consensus mechanism.
• Common consensus mechanisms include Proof of Work (PoW) and Proof of Stake (PoS).
• Once a block is added, it cannot be altered, ensuring data integrity.
• Participants on the network validate and record transactions, creating a trustless system.

Definition of Cryptocurrencies

Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It is decentralized and typically operates on a technology called blockchain.

Key Features 0f Cryptocurrencies

• Digital Nature: Cryptocurrencies exist purely in digital form and have no physical counterparts like coins or banknotes.
• Decentralization: They are not controlled by any central authority, such as government or a central bank. Instead, transactions are verified and recorded by a network of computers (nodes) spread across the globe.
• Cryptography: Cryptocurrencies use cryptographic techniques to secure transactions and control the creation of new units. Public and private keys are essential components for users to access and manage their cryptocurrency holdings.

Early History of Cryptocurrency

• Predecessors to Bitcoin: The concept of cryptocurrency dates back to the 1980s and 1990s when various attempts were made to create digital currencies. Notable predecessors include DigiCash and e-gold.
• Bitcoin's Emergence: The true breakthrough in cryptocurrency came in 2009 with the release of Bitcoin by an anonymous person or group known as Satoshi Nakamoto. Bitcoin introduced the concept of a blockchain, a decentralized ledger, and became the first widely-adopted cryptocurrency.
• Initial Skepticism: In its early years, Bitcoin faced skepticism and was primarily used by tech enthusiasts and individuals in the cypherpunk community. It gained notoriety for its association with illegal activities on the dark web.
• Rise of Altcoins: As Bitcoin gained popularity, other cryptocurrencies (often referred to as altcoins) emerged, each with its unique features and use cases. Examples include Litecoin, Ethereum, and Ripple.
• Wider Adoption: Over time, cryptocurrencies gained acceptance among a broader audience. Businesses started accepting Bitcoin as a form of payment, and financial institutions began exploring blockchain technology for various applications.

Source: https://triple-a.io/crypto-ownership-data/

Source: https://triple-a.io/crypto-ownership-data/

Crypto Ownership Data

Source: https://triple-a.io/crypto-ownership-data/

Source: https://triple-a.io/crypto-ownership-data/

Definition of Stable Coin

A stablecoin is a type of cryptocurrency designed to have a stable value, often pegged to a reserve asset, such as a fiat currency (e.g., US Dollar) or a commodity (e.g., gold).