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Blockchain Technology - The Next Superpower By Priyank Vaghela

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Blockchain Technology - The Next Superpower By Priyank Vaghela

What is Blockchain Technology?
Basics of Blockchain
How Does Blockchain work?
Blockchain Timeline
What Blockchain can store?
What is Bitcoin?
BItcoin vs Blockchain

What is Blockchain Technology?
Basics of Blockchain
How Does Blockchain work?
Blockchain Timeline
What Blockchain can store?
What is Bitcoin?
BItcoin vs Blockchain

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Blockchain Technology - The Next Superpower By Priyank Vaghela

  1. 1. The Next Superpower 🚀 Blockchain Technology by Priyank Vaghela github.com/Priyank-Vaghela 1
  2. 2. Overview ● Problems ● Timeline ● Basics ● Block ● Ledger ● Miners ● Applications - Cryptocurrency 2
  3. 3. The Problems ● Grouping Chains ● Storing data in blocks ● Centralized System ● Double Spending ● Frauds ● Copyrights 3
  4. 4. Timeline 1991 2015 Secured Chain of blocks Hash Tree Satoshi Nakamoto invented Bitcoin 4 1992 2008 “Time heals everything!”
  5. 5. Basics 5
  6. 6. What is Blockchain? - A truly Decentralized P2P Network which stores data in blocks & provides services like cryptocurrencies, etc. - In layman’s term, a continuously updated record of who holds what. 6
  7. 7. How it works? 7
  8. 8. What it can store? ● Money ● Bond ● Stock ● Digital Identities ● Contracts 8
  9. 9. How it is different? 9
  10. 10. What is a Block? 10 Blocks are records of data
  11. 11. What are Ledger? 11Ledger are simply transaction history
  12. 12. Who are miners? 12 They verify past transaction on the basis of first come first serve
  13. 13. The Next Superpower 🚀 ● Single type of coin to rule them all ● Decentralizes transactions - No Middlemen ● Fraud free ● Creative Applications - Sky’s the limit ● Blockchain will give Open Internet 13
  14. 14. Changing the world... ● Banking and Payments ● P2P Communications ● Healthcare ● Crowdfunding ● Government ● Internet of Things 14We can achieve it by localizing it to the general public
  15. 15. Applications ● Cryptocurrency - Bitcoin, Ethereum, etc. ● File Sharing - Bittorrent ● Online Learning - bitdegree.org ● Dapps - weifund.io 15
  16. 16. Cryptocurrency - A digital asset that uses strong cryptography to secure financial transactions & verify the transfer of assets. - Types: Coins & Tokens 16
  17. 17. Bitcoin vs Blockchain - Consider Blockchain as an OS, then Bitcoin will be an Application which is most famous 17
  18. 18. How can our country be a Global Superpower? - Through Blockchain Technology - China is in the race, but we’re not that behind. - Through localization of Blockchain application, available to everyone with the simplicity in mind. 18
  19. 19. Thank you 19 “May the full force of Blockchain be with you!”

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