Here all about bitcoin how bitcoin created how its supply work and advantages and disadvantages of bitcoin.

1. BITCOIN
BY
C H A K R E S H T I WA R I

2. CONTENT
• Introduction
• Bitcoin
• Block chain
• Creation of bitcoin
• Transaction
• Advantage
• Disadvantage
• Conclusion

3. INTRODUCTION
• Money (Currency)
Transportable
Divisible
Transferable
 Bitcoin – It is also a currency of internet

4. BITCOIN
• Bitcoin a cryptocurrency and digital payment system called
the first decentralized digital currency.
• Satoshi Nakamoto---2009 (as open source software)
• It is peer to peer.
• Transactions are verified by a system called BLOCKCHAIN.

5. BLOCK CHAIN
• It is a continuously growing list of records called blocks
(public ledger).
• Make secure using Cryptography
• Linked Together
• Hash Pointer (SHA-256)-previous block
• Developed by SATOSHI.

6. CREATION OF BITCOIN
• Mining
• Mining is the process of adding transaction records to
Bitcoin's public ledger of past transactions
• Supply----
• as a reward 12.5BTC (coinbase)
after 21M BTC no reward
4 years value of reward halved.

7. TRANSACTION
• Process of transferring money from one person to
another.
• Public key(for transfer)
• Private key
• Transaction fees is optional

8. ADVANTAGE
• Free from bank defaults
• Control and Security
• Programable
• Fewer Risk
• Transparent Info.(public ledger/not identity)
• Freedom in payment (at any time /holiday/bank free)

9. DISADVANTAGE
• Private key is very important
• Govt. Rules
• Wallet file corrupt
• Lack of awareness
• Still developing

10. CONCLUSION
• It is not perfect. It does have many advantages that physical
currencies do not provide its users.
• It also has its disadvantages. This is mostly due to the fact
that Bitcoin is still a relatively young and new currency.
• People are just beginning to become more aware of it. In
order for Bitcoin to succeed, more people need to understand
what it is and not let their preconceived notions distort the
concept of digital currencies.