It is very influential digital payment system which is recently 60% increase in the digital market because Japan has legally enforced.

1. ISHAN SHARMA
ISHAN.0302@GMAIL.COM

2. What is BITCOIN
BITCOIN is a digital payment system and CRYPTOCURRENCY.
It is a digital asset designed to work as a medium of exchange that
use CRYPTOGRAPHY to control the creation of coins and to verify
transition .
CYPTOGRAPHY is a art of writing or solving the codes.
Every transition has unique encrypted unique code i.e. Public key
and Private key.

3. CRYPTOGRAPHY

4. Money Transaction

5. Public Key and Private Key
Public key is a wallet address to sender need in order to transfer
bitcoin to the receive.
Each wallet has Private key which is saved in wallet file.
Private key is only need to send the Bitcoin (top seceret) after
getting send Bitcoin private key become worthless.

6. Bitcoin Public Ledger
All the confirmed transaction from the start of Bitcoin’s creation are
store in a public ledger.
This complete record of transaction is kept in the BLOCK CHAIN,
which is a sequence of record called Block.
Complete ledger is about 120GB of Data.

7. Bitcoin Mining
Users willing to devote CPU power to running a special piece of
software would be called MINERS.
In this mining process miners get reward as Bitcoin.
To prevent double spending problem i.e. to stop the duplicate
problem.

8. Features of Bitcoin
Bit coin is ties to any bank or government and allow users to spend
money anonymously.
No any institution control bit coin network.
It’s like online website of cash, you can buy products and services.
No Inflation affect
Recently 60% increase over a month because Japan has enforced
Bitcoin payment system legally.
Bit coin price in INR=Rs.150000.