BEGIN:VCALENDAR VERSION:2.0 PRODID:IEEE vTools.Events//EN CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:Asia/Calcutta BEGIN:STANDARD DTSTART:19451014T230000 TZOFFSETFROM:+0630 TZOFFSETTO:+0530 TZNAME:IST END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTAMP:20210928T115414Z UID:FC409F26-4B96-40A4-B70D-AE9C62DEEEA7 DTSTART;TZID=Asia/Calcutta:20210617T170000 DTEND;TZID=Asia/Calcutta:20210617T183000 DESCRIPTION:IEEE GRIET SB under the Computer Society chapter organized a we binar on “An Insight to Cryptocurrency: Blockchain and Bitcoin for Begin ners” by Mr. Ashutosh Kashyap. The objective of the session was to help students obtain an insight into the world of cryptocurrency. The session w as held on 17th June 2021 from 5:00 PM to 6:30 PM using the platform “Go ToMeeting”.\n\nThe speaker of the session\, Mr. Ashutosh Kashyap is an e ntrepreneur\, a risk analyst and a financial modeler. He is the founder of Ashutosh Kashyap Enterprises LLP and the Crypto Knight community at the a ge of 23. He has also delivered a TEDx speech on “Your network is your n et worth” in NMIMS Shirpur Campus Maharashtra. He is on a mission to imp rove the efficiency of student entrepreneurs by enabling self-sufficiency through reducing the dependability on external investments.\n\nMr. Ashutos h Kashyap began the session by asking an interesting question: “What cam e first? Blockchain or Bitcoin?”. The answer to this is Bitcoin. Blockch ain was later developed on the applications of Bitcoin. Blockchain technol ogy is now considered to be the second layer over the Internet. He stated that if Blockchain is a sea\, then Cryptocurrency is a river in that sea. He exclaimed that the information around Blockchain is still very confusin g and new to the world. Throughout his presentation\, he answered the most common questions around Blockchain.\n\nWhy do we need to know about Block chain?\n\nThe speaker explains the importance of Blockchain using the stor y of the Honduras bridge. The bridge was created by the world’s greatest architects and designed to withstand regional hurricanes and it fared out exactly as planned. However\, the problem was that the river it crossed h ad moved and the roads leading from it were destroyed. The bridge could no t adapt to the new environment and was rendered useless.\n\nThe history of currencies began with the Barter system which was replaced by Gold becaus e it was tough to determine the value of a product. Gold was replaced by F iat currency because it was tough to directly exchange gold at the store. However\, in this system\, the government knows all the financial details and has complete control over the chain. He says that change is inevitable and Blockchain is the next stage of currency.\n\nCan you give us a brief history of blockchain and cryptocurrency?\n\nThe first 4 decades of the In ternet have been able to give us amazing things but it still misses some t hings. The identity of someone with whom we met online cannot be verified. Trust cannot be gained and Transaction cannot be done without validation. Two and a half billion people still do not avail bank services. The speak er says that Blockchain is the answer to all problems the Internet couldn ’t fix.\n\nBitcoin vs Gold\n\nGold is scarce\, durable\, portable\, divi sible\, fungible and hard to counterfeit. Bitcoin has more properties in a ddition to all the properties of Gold. Bitcoin’s supply is fixed at 21 m illion while fresh reserves of gold can still be found. It is more divisib le than Gold and it can be sent to someone similar to sending an email.\n\ nHow can Blockchain cause job losses?\n\nEthereum blockchain solves the pr oblems of Bitcoin with the help of Smart Contracts. These contracts are se lf-executing contracts with the terms of a contract between buyer and sell er directly written into lines of code. Smart contracts succeed in fusing law\, code and finance and automate a lot of jobs. The stages involved in the working of a smart contract are (1) Two users create a smart contract\ , (2) All contract terms are written as a code\, (3) Smart contract is sto red in blockchain and (4) Smart contract executes itself when events are t riggered. Blockchain is already being used in the Indian public sector. Ab out 50% of our states are involved in blockchain-related initiatives.\n\nW hat is CBDC?\n\nThe speaker explains this by comparing it to Cryptocurrenc y. While Cryptocurrency is a form of digital currency that relies on crypt ographic functions for validating transactions in a decentralized environm ent\, CBDCs are digital fiat currencies issued by a central bank or govern ment that is equivalent in value to a nation’s paper currency. An exampl e of this is Digital Yuan. Cryptocurrency is decentralized (De-Fi) while C BDC is centralized (Ce-Fi).\n\nWhat are the job opportunities in Blockchai n?\n\nThere are plenty of job opportunities in the Blockchain space such a s Public Blockchain Research\, Product Development\, Blockchain Consultanc y and Crypto Tax experts. There are also plenty of internships available i n blockchain research and development. Apart from the presentation\, the s peaker also walked the audience through a lot of enjoyable and practical w ebsites concerning the topic of the webinar. He introduced us to www.block chain.com. He opened the explorer section of the website and explained how to understand and navigate through the information available. The Mempool size displays the number of transactions left to be validated. The Latest Blocks and Latest transactions column prove how once\n\nApart from the pr esentation\, the speaker also walked the audience through a lot of enjoyab le and practical websites concerning the topic of the webinar. He introduc ed us to www.blockchain.com. He opened the explorer section of the website and explained how to understand and navigate through the information avai lable. The Mempool size displays the number of transactions left to be val idated. The Latest Blocks and Latest transactions column prove how once so mething comes on the blockchain\, it can never be deleted. All transaction s are made public and can be seen by anyone through this website. Blocks c ontain information about the height of the block\, hash value\, mined amou nt\, name of miner\, and size.\n\nAfter winding up the presentation\, the speaker was open for a Q&A session. The enthusiastic students came up with a wide variety of doubts regarding the topics talked about by Mr. Ashutos h Kashyap. The doubts varied across wanting to know more about altcoins\, mining\, technical analysis\, investment suggestions\, tax deductions\, NF Ts\, etc.\n\nThe session ended with a vote of thanks. It was extremely inf ormative and the speaker succeeded at providing an enjoyable insight into the vast world of Blockchain and the opportunities it offers.\n\nHyderabad \, Andhra Pradesh\, India\, Virtual: https://events.vtools.ieee.org/m/283 797 LOCATION:Hyderabad \, Andhra Pradesh\, India\, Virtual: https://events.vtoo ls.ieee.org/m/283797 ORGANIZER:sbieeegriet@gmail.com SEQUENCE:0 SUMMARY:An Insight to Cryptocurrency: Blockchain and Bitcoin for Beginners URL;VALUE=URI:https://events.vtools.ieee.org/m/283797 X-ALT-DESC:Description: <br /><p>IEEE GRIET SB under the Computer Society c hapter organized a webinar on &ldquo\;An Insight to Cryptocurrency: Blockc hain and Bitcoin for Beginners&rdquo\; by Mr. Ashutosh Kashyap. The object ive of the session was to help students obtain an insight into the world o f cryptocurrency. The session was held on 17th June 2021 from 5:00 PM to 6 :30 PM using the platform &ldquo\;GoToMeeting&rdquo\;.&nbsp\;</p>\n<p>The speaker of the session\, Mr. Ashutosh Kashyap is an entrepreneur\, a risk analyst and a financial modeler. He is the founder of Ashutosh Kashyap Ent erprises LLP and the Crypto Knight community at the age of 23.&nbsp\; He h as also delivered a TEDx speech on &ldquo\;Your network is your net worth& rdquo\; in NMIMS Shirpur Campus Maharashtra. He is on a mission to improve the efficiency of student entrepreneurs by enabling self-sufficiency thro ugh reducing the dependability on external investments.&nbsp\;</p>\n<p>Mr. Ashutosh Kashyap began the session by asking an interesting question: &ld quo\;What came first? Blockchain or Bitcoin?&rdquo\;. The answer to this i s Bitcoin. Blockchain was later developed on the applications of Bitcoin. Blockchain technology is now considered to be the second layer over the In ternet. He stated that if Blockchain is a sea\, then Cryptocurrency is a r iver in that sea. He exclaimed that the information around Blockchain is s till very confusing and new to the world. Throughout his presentation\, he answered the most common questions around Blockchain.</p>\n<p><strong>Why do we need to know about Blockchain?</strong></p>\n<p>The speaker explain s the importance of Blockchain using the story of the Honduras bridge. The bridge was created by the world&rsquo\;s greatest architects and designed to withstand regional hurricanes and it fared out exactly as planned. How ever\, the problem was that the river it crossed had moved and the roads l eading from it were destroyed. The bridge could not adapt to the new envir onment and was rendered useless.&nbsp\;</p>\n<p>The history of currencies began with the Barter system which was replaced by Gold because it was tou gh to determine the value of a product. Gold was replaced by Fiat currency because it was tough to directly exchange gold at the store. However\, in this system\, the government knows all the financial details and has comp lete control over the chain. He says that change is inevitable and Blockch ain is the next stage of currency.</p>\n<p><strong>Can you give us a brief history of blockchain and cryptocurrency?</strong></p>\n<p>The first 4 de cades of the Internet have been able to give us amazing things but it stil l misses some things. The identity of someone with whom we met online cann ot be verified. Trust cannot be gained and Transaction cannot be done with out validation. Two and a half billion people still do not avail bank serv ices. The speaker says that Blockchain is the answer to all problems the I nternet couldn&rsquo\;t fix.</p>\n<p><strong>Bitcoin vs Gold</strong></p>\ n<p>Gold is scarce\, durable\, portable\, divisible\, fungible and hard to counterfeit. Bitcoin has more properties in addition to all the propertie s of Gold. Bitcoin&rsquo\;s supply is fixed at 21 million while fresh rese rves of gold can still be found. It is more divisible than Gold and it can be sent to someone similar to sending an email.</p>\n<p><strong>How can B lockchain cause job losses?</strong></p>\n<p>Ethereum blockchain solves th e problems of Bitcoin with the help of Smart Contracts.&nbsp\; These contr acts are self-executing contracts with the terms of a contract between buy er and seller directly written into lines of code. Smart contracts succeed in fusing law\, code and finance and automate a lot of jobs. The stages i nvolved in the working of a smart contract are (1) Two users create a smar t contract\, (2) All contract terms are written as a code\, (3) Smart cont ract is stored in blockchain and (4) Smart contract executes itself when e vents are triggered. Blockchain is already being used in the Indian public sector. About 50% of our states are involved in blockchain-related initia tives.</p>\n<p><strong>What is CBDC?</strong></p>\n<p>The speaker explains this by comparing it to Cryptocurrency. While Cryptocurrency is a form of digital currency that relies on cryptographic functions for validating tr ansactions in a decentralized environment\, CBDCs are digital fiat currenc ies issued by a central bank or government that is equivalent in value to a nation&rsquo\;s paper currency. An example of this is Digital Yuan. Cryp tocurrency is decentralized (De-Fi) while CBDC is centralized (Ce-Fi).</p> \n<p><strong>What are the job opportunities in Blockchain?</strong></p>\n< p>There are plenty of job opportunities in the Blockchain space such as Pu blic Blockchain Research\, Product Development\, Blockchain Consultancy an d Crypto Tax experts. There are also plenty of internships available in bl ockchain research and development. Apart from the presentation\, the speak er also walked the audience through a lot of enjoyable and practical websi tes concerning the topic of the webinar. He introduced us to <a href="http ://www.blockchain.com">www.blockchain.com</a>. He opened the explorer sect ion of the website and explained how to understand and navigate through th e information available. The Mempool size displays the number of transacti ons left to be validated. The Latest Blocks and Latest transactions column prove how once&nbsp\;</p>\n<p>Apart from the presentation\, the speaker a lso walked the audience through a lot of enjoyable and practical websites concerning the topic of the webinar. He introduced us to <a href="http://w ww.blockchain.com">www.blockchain.com</a>. He opened the explorer section of the website and explained how to understand and navigate through the in formation available. The Mempool size displays the number of transactions left to be validated. The Latest Blocks and Latest transactions column pro ve how once something comes on the blockchain\, it can never be deleted. A ll transactions are made public and can be seen by anyone through this web site. Blocks contain information about the height of the block\, hash valu e\, mined amount\, name of miner\, and size.</p>\n<p>After winding up the presentation\, the speaker was open for a Q&amp\;A session. The enthusiast ic students came up with a wide variety of doubts regarding the topics tal ked about by Mr. Ashutosh Kashyap. The doubts varied across wanting to kno w more about altcoins\, mining\, technical analysis\, investment suggestio ns\, tax deductions\, NFTs\, etc.</p>\n<p>The session ended with a vote of thanks. It was extremely informative and the speaker succeeded at providi ng an enjoyable insight into the vast world of Blockchain and the opportun ities it offers.&nbsp\;</p>\n<p>&nbsp\;</p> END:VEVENT END:VCALENDAR