Bitfolio Final Report 2023-1
Bitfolio Final Report 2023-1
PREPARATION OF
UG PROJECT
REPORT
1. ARRANGEMENT OF CONTENTS:
The sequence in which the project report material should be arranged and bound may
be as follows:
TITLE PAGE BONAFIDE CERTIFICATE ACKNOWLEDGEMENT TABLE OF CONTENTS LIST OF FIGURES
LIST OF TABLES ABSTRACT GRAPHICAL ABSTRACT ABBREVIATIONS
SYMBOLS
Chapter 1: Introduction
(Including Identification of client & need, Relevant contemporary issues, Problem Identification, Task Identification,
Timeline, organization of the report)
Chapter 2: Literature survey
Timeline of the reported problem as investigated throughout the world, bibliometric analysis, proposed solutions by
different researchers, summary linking literature review with the project, Problem Definition, Goals and Objectives.
Chapter 3: Design flow/Process
Concept Generation, Evaluation & Selection of Specifications/Features, Design Constraints– Regulations, Economic,
Environmental, Health, manufacturability, Safety, Professional, Ethical, Social & Political Issues considered in
design, Analysis and Feature finalization subject to constraints, Design Flow (at least 2 alternative designs to make
the project), Best Design selection (supported with comparison and reason) and Implementation plan ((Flowchart
/algorithm/ detailed block diagram).
Chapter 4 Results analysis and validation
Implementation of design using Modern Engineering tools in analysis, design drawings/schematics/ solid models,
report preparation, project management, and communication, Testing/characterization/interpretation/data validation.
Chapter 5: Conclusion and future work deviation from expected results and way ahead References Appendix
User manual (Complete step by step instructions along with pictures necessary to run the project) Achievements
• Name of the Chapter shall be typed in the Font style ‘Times New Roman’, BOLD and
Font size 16.
• Heading shall be typed in the Font style ‘Times New Roman’, BOLD and Font size 14.
• Sub - Heading shall be typed in the Font style ‘Times New Roman’, BOLD and Font
size 12.
BITFOLIO:THE CRYPTO CURRENCY TRACKER
A PROJECT REPORT
Submitted by
BACHELOR OF ENGINEERING
IN
<<Department>> <<Department>>
Abstract i
Symbols and Abbreviations
Chapter 1:Introduction
1.1 Introduction
1.2 Objectives
Chapter 2: Cryptocurrency Basics
2.1What are CrytoCurrency?
2.2 How Cryptocurrencies Work
2.3 Digital Wallets ,Addresses And Price Volatility
2.4 Key Cryptocurrencies
Chapter 3:Literature Survey
Chapter 4:Results and Analysis
Chapter 5: Conclusion and Future Scope
Appendices
References
ABSTRACT
Keywords: CryptoCurrency , Crypto Tracker , Portfolio Management ,
Bitcoins ,Altcoins,Blockchain , Exchange, Price volatility.
1. BTC-Bitcoin
2. ETH- Ethereum
3. ALT-Altcoins
4. USD- United States Dollar
5. ATH- All-Time High
6. ATL- All-Time Low
7. ROI- Return on Investment
8. API- Application Programming Interface
9. ICO- Initial Coin Offering
10. MCap- Market Capitalization
11. DEX- Decentralized Exchange
12. Bull Market-A term used to describe a market where prices are rising, reflecting a positive
sentiment.
13.Bear Market- A term used to describe a market where prices are falling, indicating a negative
sentiment.
14.Whale-Refers to an individual or entity that holds a significant amount of a cryptocurrency.
CHAPTER-1:INTRODUCTION
1.1. Introduction
In the world of cryptocurrencies, it's tricky to keep an eye on your digital money and make smart
decisions.. Cryptocurrencies have gained significant attention, with a multitude of assets available for
investment. Bitfolio recognizes the need for an intuitive and user-friendly interface, allowing users to
effortlessly add, monitor, and manage their cryptocurrency holdings. It offers real-time updates on
cryptocurrency prices, market capitalization, and other critical data points, empowering users to make
informed investment decisions.
Bitfolio, a project we're talking about, wants to make this easier for everyone. Imagine there are
many types of digital money, and Bitfolio is like a tool that helps you keep track of them. Bitfolio
goes beyond basic tracking, enabling users to create and manage their cryptocurrency portfolios.
Users can track individual asset performance, set alerts for price movements, and visualize their
investment progress over time. Moreover, the platform provides historical data and charts, facilitating
in-depth analysis to identify trends and patterns.
Bitfolio is like a dashboard that gives you real-time updates on the prices of these digital currencies.
You can add the ones you have, and it shows you how they're doing. It even helps you see how
they've done in the past, which is handy to make better choices. Bitfolio's multi-platform accessibility
ensures that users can access their portfolio information on the go, whether through a web interface,
mobile application, or desktop platform. Security is a paramount concern, and Bitfolio incorporates
robust measures such as data encryption and two-factor authentication to safeguard user data and
assets.
1.2Objectives
The primary objectives of the Bitfolio cryptocurrency tracker project are as follows::
1. Easy to Use: We want to make it simple for anyone to use Bitfolio, whether you're new to
cryptocurrencies or a pro.
2. Real-Time Updates: Bitfolio gives you the latest info on cryptocurrency prices and
important data so you can make smart investment choices.
3. Manage Your Portfolio: You can create your list of cryptocurrencies, track how each one
is doing, and set alerts for price changes. It helps you see your overall progress.
4. Learn from the Past: Bitfolio shows you how your investments have performed over time,
helping you spot trends.
5. Access Anywhere: You can use Bitfolio on your computer, phone, or tablet, so you're not
tied to one device.
6. Keep Your Information Safe: We take security seriously and use strong measures like
encryption and two-factor authentication to protect your data and digital assets.
7. Help You Learn: We want to educate users about the world of cryptocurrencies,
investment strategies, and how to manage their digital money effectively.
8. Keep Improving: Bitfolio will keep getting better based on user feedback and the latest
developments in the cryptocurrency world.
Figure 1: Cryptocurrency
CHAPTER-2 CRYPTOCURRENCY BASICS
2.1 What Are Cryptocurrencies?
A cryptocurrency can be defined as “cash for the internet.” It is a piece of digital information
that one can hold onto, and it has value as long as no one else has access to the information and
keys that provide the value. The entity who holds the information at that point of time is also the
holder of the value of that cryptocurrency.
Cryptocurrency is a digital or virtual currency that uses cryptography for security. A defining
feature of cryptocurrencies is that they are generally not issued by any central authority,
rendering them theoretically immune to government interference or manipulation.
Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase
goods and services. Some of the most well-known cryptocurrencies include Bitcoin, Ethereum,
Litecoin, and Dogecoin.
Cryptocurrencies are a relatively new asset class, and they are still volatile and speculative.
However, they have the potential to revolutionize the way we think about money and finance.
Some of the key benefits of cryptocurrencies are:
1. Decentralization: Cryptocurrencies are not subject to government or financial institution
control. This makes them more resistant to censorship and manipulation.
2. Security: Cryptocurrencies use cryptography to secure their transactions and protect
users' funds.
3. Transparency: All cryptocurrency transactions are recorded on a public ledger, which
makes them transparent and auditable.
4. Efficiency: Cryptocurrencies can be transferred quickly and cheaply around the world.
2) ALTCOINS
Altcoins are all cryptocurrencies other than Bitcoin. The term "altcoin" is a portmanteau of the words
"alternative" and "coin". Altcoins were created in response to perceived limitations of Bitcoin, such as
its scalability and transaction speed.
Altcoins use a variety of different technologies, including proof-of-work, proof-of-stake, and
delegated proof-of-stake. Altcoins also have a variety of different use cases, such as payments,
decentralized finance (DeFi), and non-fungible tokens (NFTs).
3)LITECOIN
Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the
MIT/X11 license. Litecoin was an early bitcoin spin-off or altcoin, that was created in 2011 by
Charles Lee, a former Google engineer. Litecoin is nearly identical to Bitcoin, but has a faster block
generation rate and a larger supply of coins. Litecoin is designed to be a faster and cheaper alternative
to Bitcoin. Litecoin transactions are typically settled in 2.5 minutes, compared to 10 minutes for
Bitcoin transactions. Litecoin also has a lower transaction fee than Bitcoin. Litecoin is a popular
choice for everyday payments because it is fast, cheap and secure. Litecoin is also accepted by a
growing number of merchants.
4) ETHEREUM
Ethereum (ETH) is a decentralized blockchain platform that enables smart contracts and decentralized
applications (DApps) to be built and run without any downtime, fraud, control or interference from a
third party. Ethereum was proposed in 2013 by Vitalik Buterin, a former Bitcoin Magazine writer, and
officially launched on July 30, 2015. Ethereum is an open-source software project that is supported
and maintained by a global community of developers. Ethereum is built on top of blockchain
technology, which is a distributed ledger system that allows for secure, transparent and tamper-proof
transactions.
Bitfolio has lots of exciting possibilities. Bitfolio could become a social place, where you can chat
with other people who are interested in cryptocurrencies. It can also keep up with new types of digital
assets, like unique digital items and special kinds of money used in online finance. To be even more
helpful, Bitfolio might follow the rules and laws that governments make about cryptocurrencies. This
way, you can stay out of trouble when it comes to taxes and other legal stuff. Bitfolio can also get
better at teaching you about cryptocurrencies. It might have articles, videos, and online classes to help
you understand this digital money world better. And, to make it easier for you, Bitfolio can become an
app on your phone that you use to buy and sell cryptocurrencies directly. This means you can do
everything in one place.
The future scope for Bitfolio, the cryptocurrency tracker, is very bright. As the cryptocurrency market
continues to grow and mature, the demand for cryptocurrency trackers is likely to increase. Bitfolio is
well-positioned to capitalize on this growth by continuing to improve its product and services and
expanding into new markets.
Here are some specific ways that Bitfolio can expand its future scope:
Add support for more cryptocurrencies and fiat currencies: Bitfolio currently supports a
wide range of cryptocurrencies, but it could add support for even more cryptocurrencies in the
future. Additionally, Bitfolio could add support for fiat currencies, such as USD and EUR.
This would make Bitfolio even more attractive to investors who want to track a wide range of
cryptocurrencies or who are new to cryptocurrency.
Add support for more features: Bitfolio could add more features in the future, such as the
ability to set price alerts, create custom watchlists, and generate reports.
Integrate with other cryptocurrency platforms: Bitfolio could integrate with other
cryptocurrency platforms, such as exchanges and wallets. This would allow users to track their
cryptocurrency investments from a single place.
Develop mobile apps: Bitfolio could develop mobile apps for iOS and Android. This would
make it easier for users to track their cryptocurrency investments on the go.
Develop a social trading platform: Bitfolio could develop a social trading platform that
allows users to share their trading ideas and strategies with others. This would make Bitfolio
more than just a cryptocurrency tracker; it would also be a community for cryptocurrency
investors.
Explore new technologies: Bitfolio could explore new technologies, such as artificial
intelligence (AI) and machine learning (ML), to improve its accuracy and reliability. For
example, Bitfolio could use AI to detect and prevent fraud.
Focus on security and privacy: Bitfolio could continue to focus on security and privacy by
implementing new security measures and making it clear to users how their data is being used.
By expanding its future scope in these ways, Bitfolio can become the leading cryptocurrency
tracker on the market and provide its users with the best possible experience.
APPENDICES
Bitfolio Use Cases
Track your cryptocurrency investments: Bitfolio can be used to track your cryptocurrency
investments in real time. This can help you to make informed investment decisions and stay on
top of your portfolio performance.
Identify trading opportunities: Bitfolio can be used to identify trading opportunities by
tracking price charts and technical indicators. This can help you to buy and sell
cryptocurrencies at the right time to maximize your profits.
Stay informed about the cryptocurrency market: Bitfolio provides news and analysis on the
cryptocurrency market. This can help you to stay up-to-date on the latest trends and
developments.
"Bitfolio is the best cryptocurrency tracker I have used. It is accurate, reliable, and easy to use.
I highly recommend it to anyone who wants to track their cryptocurrency investments." - John
Smith, cryptocurrency investor
"Bitfolio has helped me to make more informed investment decisions and increase my
portfolio profits. I am very grateful for this product." - Jane Doe, cryptocurrency trader
Bitfolio Pricing
Bitfolio offers a free plan and a paid plan. The free plan includes all of the essential features, such as
real-time price tracking, price alerts, and custom watchlists. The paid plan includes additional
features, such as backtesting trading strategies, generating tax reports, and accessing exclusive
research and insights.
REFERENCES
Cryptocurrency Tracker Market Size, Share, Trends, Analysis and Forecast 2022-2028 (2022).
Market Research Future. A Review of Cryptocurrency Trackers (2022). ResearchGate.
Bitfolio: A Privacy-First Cryptocurrency Tracker (2022). Bitfolio.
A Literature Survey on Cryptocurrency (2022). ResearchGate.
Cryptocurrency Volatility: A Review of the Literature (2022). ResearchGate.