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Divisible. Recognizable. Gold Storage -> Paper Receipts. England, 17. th. Century. Safety for travelers. Charles I’s Royal Mint loan (1640). Non Centralized, unbacked Mathematical Algorithm that is Digitally exchangeable over a peer to peer network. . What is Bitcoin / Crypto Currency ? . In ENGLISH!. Mathematical code that can be exchanged as money between trusted partners. . By: Alec Vtorov. COMP 89H. What is Cryptocurrency?. A medium of exchange that uses cryptography to secure transactions and control the creation of new units. .. Well, what is cryptography?. Cryptography is the practice of transforming data or information into an unreadable format in order to increase security so that only those with a proper secret key can read the unencrypted information.. What are the . limits to growth?. What are the . limits to growth?. P. opulation increases by a billion every . 12 or 13 years!. Population increases 200,000 per day . (350,000 . born . v. 150,000 die). 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How Significant are They to Our Economy?. Cryptocurrencies are digital commodities designed to serve as an alternative to conventional currencies.. Examples of cryptocurrencies include: Bitcoin, Litecoin, Ethereum, Ripple, Stellar, NEO, .