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Bitcoin
What is Bitcoin?
● P2P protocol for decentralized digital currency
● Published anonymously by Satoshi Nakamoto in 2009
● Created economic incentive for securing system
● Currently has ~10k nodes
-protocol for P2P digital currency that is decentralized
-whitepaper defined a protocol, which is just a description of the system, and then
several client Implementations were developed based on the whitepaper, the main
one being Bitcoin Core which was initially developed in C++ with the help of Satoshi
-for first time in history allows sending transactions globally in a cryptographically
secure way without any intermediary
-users pay small fee per transaction
-miners secure network by mining or validating new transactions and collecting
reward for creating new blocks
Bitcoin decimal places
• A bitcoin can be divided down to 8 decimal places.
What is Bitcoin Miner?
Powerful mining
BM1387 ASIC(Application specific Integrated circuit) chip for bitcoin
mining
Bitcoin price in INR
Blockchain wallet login screen
Blockchain login verification via email link
Blockchain Transaction

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Bitcoin

  • 2. What is Bitcoin? ● P2P protocol for decentralized digital currency ● Published anonymously by Satoshi Nakamoto in 2009 ● Created economic incentive for securing system ● Currently has ~10k nodes -protocol for P2P digital currency that is decentralized -whitepaper defined a protocol, which is just a description of the system, and then several client Implementations were developed based on the whitepaper, the main one being Bitcoin Core which was initially developed in C++ with the help of Satoshi -for first time in history allows sending transactions globally in a cryptographically secure way without any intermediary -users pay small fee per transaction -miners secure network by mining or validating new transactions and collecting reward for creating new blocks
  • 3. Bitcoin decimal places • A bitcoin can be divided down to 8 decimal places.
  • 5. Powerful mining BM1387 ASIC(Application specific Integrated circuit) chip for bitcoin mining