Presentation on

Crypto Portfolio Tracker Website

By : Group 17
VARUN ARORA ( 201900064 )
RAHUL KUMAR ( 201900095 )
SAKSHAM SUMAN ( 201900105 )

Guided by :
G V Sivaramkrishnan

DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING

SIKKIM MANIPAL INSTITUTE OF TECHNOLOGY
(A constituent college of Sikkim Manipal University)
MAJITAR, RANGPO, EAST SIKKIM – 737136
 Table of Content
Serial No. Content
1. Abstract
2. Introduction ( Blockchain and Cryptocurrencies )
3. Literature Survey
4. Problem Definition
5. Solution Strategy
6. Gantt Chart
7. References
 Abstract
• Blockchain is an invention that was initially designed for the digital
currency Bitcoin as it lets digital information to be distributed and secures
it, to describe it simply it the blockchain is a distributed ledger of similar
information records called blocks.
• Blockchain is the technology that holds the power to change the world by
getting rid of all the inefficiencies of centralized systems by bringing
decentralization concept into play.
• In this project we are looking forward to build our own crypto portfolio
website and make use of this blockchain technology.
 Introduction

“Cryptocurrencies have been described as a transformative technology that

could revolutionize a number of industries.”

Key Points
• As Popularity of Crypto Currencies is growing and metaverse is
becoming a reality and is going mainstream we would like to play our
part in it by designing this website.
• We would like to make a website which is beginner friendly for new
users and investors planning to invest in cryptocurrencies.
 SL. no Author Paper and Publication Details Findings Relevance to the project

1. A.Can Inci, Rachel Journal of Capital Markets Cryptocurrencies have a Increasing popularity and the
Lagasse  Studies ISSN: 2514-4774 useful role in the optimal unique characteristics of
portfolio construction and cryptocurrencies will assist their
in investments. future presence in investment
portfolios.

2. Klaus Grobys When the blockchain does not Hackings are more likely to Cryptocurrencies should be stored
block: on hackings and occur at small exchanges in own hardware wallets instead of
uncertainty in the that perhaps have lower exchanges.
cryptocurrency market security standards than
larger exchanges.

3. Niranjanamurthy, Analysis of Blockchain Crypto payments are Payments with cryptocurrencies is

M., Nithya, B.N. technology: pros, cons and becoming more widely becoming more mainstream as its
& Jagannatha SWOT.  used as blockchain aims to popularity is growing .
Cluster Compute 22, 14743– cut out intermediaries, such
14757 (2019). as banks and online
marketplaces.
SL. no Author Paper and Publication Details Findings Relevance to the project

4. Iqbal, S., Crypto-Currency: Future of these digital assets might Cryptocurrencies have a potential
Hussain, M., FinTech. In Research Anthology find a way to become an future and even though they have
Munir, M. U., on Blockchain Technology (pp. effective means of payment fluctuating values.
Hussain, Z., 1915-1924). IGI Global.
Mehrban, S., &
Ashraf

5. Shrivastava, Cryptocurrencies and Blockchain As we enter the Industrial Cryptocurrencies can help
Gulshan, Dac- Technology Applications. John Revolution 4.0, demands frictionless and transparent
Nhuong Le, and Wiley & Sons, 2020. for an increasing degree of financial transactions .
Kavita Sharma. trust and
privacy protection continue
to be voiced.

6. Brian D The Impact of Cryptocurrency These findings provide an A well-regulated cryptocurrency

Feinstein, Kevin Regulation on Trading empirical basis for would be the future of our
Werbach Markets, Journal of Financial regulatory decisions currencies.
Regulation, Volume 7, Issue 1, concerning cryptocurrency
March 2021, Pages 48–99. trading.
 Problem Definition
We are planning to build a Crypto Portfolio Website that will have
several features such as :

• A Blog for news regarding crypto currencies.

• Live Prices of several top crypto currencies.
• A Crypto Explorer to track the transactions using the block hash.
• Personal Portfolio Tracker for users.
• Calculator for different crypto currency conversions.
 Solution Strategy
In order to build our website we will be using the following:

• HTML, CSS, Python, JavaScript, React to design the website.

• API’s to fetch the current prices of the currencies.
• Database like MongoDB or Firebase to store the user information.
 Reference
• https://www.ibm.com/in-en/topics/benefits-of-blockchain
• https://www.guru99.com/blockchain-tutorial.html
Basics of Crypto Currencies
 History Of Crypto Currencies
• The Blockchain technique was initially described in 1991 with the intent to timestamp digital
documents to avoid tampering. It was adapted by Satoshi Nakamoto in 2008 to create the digital
cryptocurrency called Bitcoin

• The concept of the Blockchain technology was introduced ten years back.

• The first use case of Blockchain technology was Bitcoin.

• In 2008, Satoshi published the white paper of bitcoin entitled "Bitcoin: A peer to peer Electronic
cash system. It stated that the transaction could take place without involving any third party.

• This led to the introduction of the Blockchain technology.

 How does Blockchain works
• As the name implies, structures its data into chunks (blocks) that are
chained together.
• This makes it so that all blockchains are databases but not all databases are
blockchains.
• This system also inherently makes an irreversible timeline of data when
implemented in a decentralized nature.
• When a block is filled it is set in stone and becomes a part of this timeline.
• Each block in the chain is given an exact timestamp when it is added to the
chain.
 Different Types of Block chains

Public Blockchain
•A public blockchain as its name suggests is the blockchain which is available to all, in other words
it is a kind of blockchain which is for the people, by the people, and of the people.
•No one oversees the network, and anyone can participate in reading/writing/auditing the blockchain.
•More complex rules are present for safeguarding it from malicious actors. All the decisions are
made using the complex consensus algorithm
•Computationally these blockchains expensive to mine & commit a Block over the network.
•Example: Bitcoin Blockchain, Ethereum Blockchain, etc.
 Private Blockchain
• An individual or an organization privately operate private blockchain as its name suggests. Unlike public
blockchain in private blockchains, there is an administrator/anchor who looks after essential things such as
permissions and identities.

• The consensus is achieved on the whims of the central in-charge who can provide mining rights to anyone
or not give at all.

• Compared to public blockchain it is much faster and cheaper because one doesn't have to spend an
enormous amount of energy, time and money to reach a consensus.

• It is less secure compared to the Public Blockchain.

• Examples: Bankchain, Medichain, etc.

 Consortium Blockchain
• This type of blockchain removes the individual autonomy which gets vested in just one entity by using private
blockchains.

• Here instead of one in charge, we have more than one in charge. A group of companies or representatives coming
together can make decisions for the benefit of the whole network.

• As a way of achieving things much faster and have more than one single point of failures which protects the whole
ecosystem.

• In simple words, it's the best of both Private and Public Blockchains.

• Gives options for rights and access management while leveraging the same blockchain technology and reaping its
benefits.

• Examples: R3, EWF, etc.

 Working of a Blockchain Transaction
Step 1) Some person requests a transaction. The transaction could be
involved cryptocurrency, contracts, records or other information.
Step 2) The requested transaction is broadcasted to a P2P network with
the help of nodes.
Step 3) The network of nodes validates the transaction and the user's
status with the help of known algorithms called consensus algorithms
Step 4) Once the transaction is complete the new block is then added to
the existing blockchain. In such a way that is permanent and
unalterable.
 Different types of consensus mechanisms
• Proof of Work : Proof of Work is the consensus algorithm where miners compete to solve a difficult mathematical
problem based on a cryptographic hash algorithm. Example Bitcoin.

• Proof of Stake : The creator of a new block is chosen in a deterministic way. depending on its wealth/stake in the
blockchain. Example Cardano.

• Proof of Delegated Stake : People in a particular blockchain ecosystem vote for Witnesses to safeguard their
computer network.

• Proof of Authority : The proof-of-authority consensus is essentially an optimized Proof of Stake model that leverages
identity as the form of stake rather than staking tokens.

• Proof of Weight : Every user over the network has a weight attached to them which is determined by the money they
hold in their account. Example Algorand.
Blockchain Versions
Blockchain 1.0: Currency
The implementation of DLT (distributed ledger technology) led to its first and obvious application:
cryptocurrencies. This allows financial transactions based on blockchain technology. It is used in
currency and payments. Bitcoin is the most prominent example in this segment.
Blockchain 2.0: Smart Contracts
The new key concepts are Smart Contracts, small computer programs that "live" in the blockchain.
They are free computer programs that execute automatically, and check conditions defined earlier
like facilitation, verification or enforcement. It is used as a replacement for traditional contracts
Blockchain 3.0: Dapps ( Current Version )
DApps is an abbreviation of decentralized application. It has their backend code running on a
decentralized peer-to-peer network. A DApp can have frontend Blockchain example code and user
interfaces written in any language that can make a call to its backend, like a traditional Apps.
 Advantages of using Blockchain
Enhanced security Information is stored across a network of computers
rather than a single server, making it difficult for hackers to view data.
Greater transparency All transactions are immutability recorded and are
time- and date-stamped.
Instant traceability Blockchain creates an audit trail that documents the
provenance of an asset at every step on its journey.
Increased efficiency and speed There’s no need to reconcile multiple
ledgers, so clearing and settlement can be much faster.
Automation Transactions can even be automated with “smart contracts,”
which increase your efficiency and speed the process even further.
 conclusion
Blockchain technology is attracting massive attention across multiple
projects in different industries. Intermediation is today’s dominating
solution for verifying ownership of assets and transaction processing.
Intermediaries perform the careful checking of each involved party
along a chain of intermediaries. However, this is not only time
consuming and costly but also bears a credit risk in case an intermediary
failure. The blockchain technology promises to overcome these critical
aspects