This document provides an overview of Bitcoin and blockchain technology. It defines Bitcoin as a decentralized digital currency operated through blockchain technology without a central authority. Blockchain solves the "Byzantine General's Problem" of reaching consensus in a decentralized network by distributing a ledger of transactions across many computers. While Bitcoin and blockchain offer innovations, they also enable crimes on the dark web like drugs, weapons and murder. The future of Bitcoin and its value are uncertain, but the technology may fundamentally change how people interact globally.

1. BITCOIN - CRYPTOCURRENCY
Bitcoin is like the Internet in the 80’s

2. CONTENTS
 WHAT IS MONEY?
 WHAT IS BITCOIN?
 BLOCKCHAIN TECHNOLOGY
 HOW BLOCKCHAIN WORKS
 OTHER CRYPTOCURRENCIES
 ILLS OF BITCOIN
 BITCOIN- PRESENT AND FUTURE

3. WHAT IS MONEY?
 SOMETHING THAT HAVE SOME INTRINSIC VALUE
USED AS A MEDIUM OF EXCHANGE TO TRADE
THINGS
 RUN BY A CENTRAL AUTHORITY, BANK, IN TURN
THE GOVERNMENT
 GOLD/SILVER WERE PRIMITIVE CURRENCY
AROUND 3000 YEARS AGO
 CURRENT CURRENCY DOESN’T HAVE ANY
GOLD/SILVER HOLDINGS TO BACK IT UP
 ONLY POLITICAL DECREE IS NEEDED NOW TO
MAKE ANYTHING OF NO VALUE INTO MONEY
(MAKING MONEY OUT OF THIN AIR)

4. WHAT IS MONEY?
NIXON SHOCK-
The Nixon shock was a series of economic measures
undertaken by United States President Richard Nixon in 1971, the
most significant of which was the unilateral cancellation of the direct
international convertibility of the United States dollar to gold
This gave rise to the modern day economic ecosystem and
current fiat currency system
TO KNOW ABOUT THE CHRONOLOGY OF MONEY, CLICK ON THE LINK BELOW
https://www.estory.io/timeline/view/yWA4xL/285/History_of_Money

5. WHAT IS BITCOIN?
 bitcoin is a decentralized digital currency which runs and
operates on the technology-blockchain.
 No central authority runs the circulation and operation of
bitcoin
 Bitcoin requires proof-of-work (mining) to hash away and
solve all the math problems. The miners validate
transactions and are rewarded a portion of bitcoin.
 Much like e-mailing gold coins or money (something of
value)
 It can’t be created out of thin air like all other fiat currencies
 Mathematics and Cryptography are used to regulate the creation of bitcoin, today it costs around $600-700 to
mine a single bitcoin.

6. WHAT IS BITCOIN?
 Instead of storing transaction or balance in a central
computer or database, it is distributed through a ledger
with blockchain technology to tons of thousands of
computers across the globe.
 The market value of bitcoin is highly volatile
 1BTC = 5,72,664.21 INR
 Investing in bitcoin is regarded as a highly speculative
investment
 There is no physical coin for bitcoin, it’s just a series of 1s and 0s in the ledger.
 Provides monetary sovereignty outside the control of government policy.
 It was first created by a person or a group of person under the alias Satoshi Nakamoto.

7. BLOCKCHAIN TECHNOLOGY
“NECESSITY IS THE MOTHER OF INVENTION”
THERE MUST BEEN A CRISIS THAT CREATED THE VOID WHICH THE BLOCKCHAIN TECHNOLOGY FILLED IN
THAT CRISIS IS THE – BYZANTINE GENERALS’ PROBLEM

8. BYZANTINE GENERAL’S PROBLEM

9. BYZANTINE GENERAL’S PROBLEM

10. BYZANTINE GENERAL’S PROBLEM

11. BYZANTINE GENERAL’S PROBLEM

12. BYZANTINE GENERAL’S PROBLEM

13. BYZANTINE GENERAL’S PROBLEM

14. BYZANTINE GENERAL’S PROBLEM
TRAITOR TRAITOR

15. BYZANTINE GENERAL’S PROBLEM

16. BYZANTINE GENERAL’S PROBLEM

17. BYZANTINE GENERAL’S PROBLEM

18. BYZANTINE GENERAL’S PROBLEM
TO KNOW HOW BLOCKCHAIN SOLVED THE PROBLEM CLICK ON THE LINK BELOW
https://www.youtube.com/watch?v=kE51N84hBxU

19. WHAT IS BLOCKCHAIN?
 Open-source distributed public ledger in which bitcoin transactions are
recorded.
 Highly secure and almost impossible to temper with data
 Decentralized network
 Uses the concept of hash or encryption for added security
 Was first introduced in 1991 by some researchers with the intention to
timestamp digital documents, where it’s not possible to backdate them or
to temper with them(like a notary)
 The proof-of-work (the process of mining) enables the blockchain
technology to be an incredible innovation in the technology field.

20. HOW BLOCKCHAIN WORKS

21. HOW BLOCKCHAIN WORKS

22. HOW BLOCKCHAIN WORKS

23. HOW BLOCKCHAIN WORKS

24. HOW BLOCKCHAIN WORKS

25. HOW BLOCKCHAIN WORKS

26. HOW BLOCKCHAIN WORKS

27. HOW BLOCKCHAIN WORKS

28. HOW BLOCKCHAIN WORKS
IN 10 MIN THE HACKER CAN DO THE PROOF OF WORK FOR
ALL THE TRANSCACTIONIN THE NETWORK, THEN ONLY IT
CAN BE TEMPERED WITH, WHICH IS NEARLY IMPOSSIBLE

29. HOW BLOCKCHAIN WORKS

30. HOW BLOCKCHAIN WORKS

31. HOW BLOCKCHAIN WORKS
FUTURE BLOCKCHAIN IMPLEMENTATION

32. HOW BLOCKCHAIN WORKS
Learn how to create a blockchain with Javascript on
https://www.youtube.com/watch?v=zVqczFZr124

33. THERE ARE 1610 CRYPTOCURRENCIES IN MARKET TODAY
FEW FUNNY ARE- TRUMPCOIN, JESUSCOIN, INSANE, TITCOIN
CRYPTOCURRENCIES

34. BITCOIN IS NOT DEVOID OF ILL IMPLICATION
 The technology and innovation of bitcoin, peer-peer network of
transferring value and its veil of anonymity is not all a rosy road.
 The internet we use today is only10% of total internet, the rest 90% is
hidden away from general public, this is called the deep web.
interestingly, a part of the deep web is dark web, where many heinous
crime stems out from or spawns. Crimes such that the only thought sends
a shiver down the spine – conspiracy, murder, extortion, hacking, rape,
hiring hitman, illicit weapon purchase, drugs like the lsd, metamphthaline
and many other hallucinating drugs purchase. YOU NAME IT!
 This transactions for such crimes can be easily made by bitcoins or other
cryptocurrency as those can’t be traced back to the benefactor or the
beneficiary.

35. A GLIMPSE OF THE DARK SIDE
SILK ROAD IS LIKE THE AMAZON.COM OF DARK WEB
THEY SHARE LIVE FEEDS OF MURDERERS CHOPPING OFF THEIR VICTIM’S BODY

36. BITCOIN – PRESENT AND FUTURE
OVER THE YEARS THE VALUE OF BITCOIN HAVE SKYROCKETED

37. BITCOIN – PRESENT AND FUTURE
 Bitcoin is like the internet in the 80’s. Believing that the internet could
survive the bearish storm in the 80’s and will be crowned as the single
most incredible innovative technology of the millennia was unforeseen.
Nobody ever dared to imagine Amazon and google holding the top
positions of Fortune 500 companies.
 As with every technology there is possibility that it could change the
course of the future or could lie idle in the den of laboratories and
research centers.
 Bitcoin price may skyrocket (could be worth billions) in the future or may
plummet in the abyss (worth nothing). Only time will tell
 What matters most is that bitcoin may change the entire ecosystem of the
planet how all humans interact with each other and that’s a very exciting
thing to be a part of.