Another amazing Blockchain workshop in Dubai. So great and enthusiastic audience. Powered by Dubai Blockchain Channel - Sponsored by Dubai Exchange.

1. Dubai Blockchain Channel 29th of
July
True Advantage Consulting
Pekka Kelkka, CEO, CBO, CDO, OWNER

2. Welcome existing and future Blockchainers
Who do we have in the house today - how long you’ve been on Blockchain?
● Just starting
● Less than a year
● 1-2 years
● 2-3 years
● 3-5 years
● 5-9 years
● Longer?
31st of Oct 2008….

3. Early days of internet
● ARPANET started late 1960
○ Funded by the U.S. Department of Defense
● ARPANET adopted TCP/IP Jan the 1st 1983
○ TCP/IP (Transmission Control Protocol/Internet Protocol = communication protocol)
○ The start of Internet “The network of networks”
● Tim Berners-Lee invented the World Wide Web 1990
● Websites and hyperlinks

4. The launch of the commercial internet

5. The launch of the commercial internet
● Mosaic 10th of November 1993
● Netscape 15th December 1994 (Then Mosaic Netscape)
● Opera 10th of April 1995
○ https://news.bitcoin.com/opera-browser-introduces-a-built-in-cryptocurrency-wallet/
● M$ Explorer 16th of August 1995
○ Bill Gates: M$ is not believing in internet after Netscape started to generate buzz
● Mozilla Firefox 22nd of September 2002
● Safari 7th of January 2003
● Google Chrome 2nd of September 2008
○ Google search 15th of September 1997

6. Similarities of early internet and Blockchain today
● It’s useless /nobody or no company will have no benefit using it
● Soon will be gone with wind
● Against Internet:
○ We have our PCs that’s enough
● Against Blockchain
○ We have our internet web page that’s enough
● How the internet skeptics were beaten?
○ Showed the real value of Internet
● How the Blockchain skeptics will be beaten?
○ To show the real value of Blockchain

7. About the amazing tens of real working successful Blockchain projects
● Real World Blockchain Use Cases – 46 Blockchain DApps
○ https://101blockchains.com/blockchain-applications/
● World Economic Forum has predicted that by 2025, 10% of the GDP will be
affected or stored in the blockchain
○ https://www.weforum.org/whitepapers/realizing-the-potential-of-blockchain
● World Bank's estimate: 2018 Global GDP $74.1 trillion
○ https://foreignpolicy.com/2017/02/24/infographic-heres-how-the-global-gdp-is-divvied-up/
○ USA 24%
○ China 15%
○ Japan 6%
○ Germany 4,5%
○ UK 3,5%
○ France 3%

8. From the Proof of Work to the Proof of Stake
● What is your “Proof of Work?”
● What is your “Proof of Stake?”

9. From the Proof of Work to the Proof of Stake
● From the Proof of Work to the Proof of Stake - is it a fair game?
● Proof of Work
○ 1993 to fight the spam - on emails!
○ Formally called PoW 1997
○ Uses a lot of energy due to PoW algorithm
○ PoW= To reach the consensus on Blockchain network to many nodes on the network to
secure the Blockchain
○ PoW algorithm works by having all nodes solve a cryptographic “puzzle”
○ The first miner (node) to solve “the puzzle” gest rewarded by coin/token
○ The more mining power you’ll have the more rewards you’ll get
○ Result: Huge mining farms and mining pools to control the mining market
○ Centralized instead of decentralized
○ Also “fake mining” on mining pools

10. From the Proof of Work to the Proof of Stake
● From the Proof of Work to the Proof of Stake - is it a fair game?
● Proof of Stake
○ 2011 introduced on Bitcointalk forum
○ PoS has an election process to randomly choose to validate the next block
○ No mining /Miners - PoS has Validators who will mint or forge new block
○ No mining = much less electricity consumption
○ To become a Validator you must deposit certain amount of coins to the network as STAKE.
○ The ones deposit more coins to the network will become Validators
○ If Validator “miss behaves” he/she gets penalty that will be bigger than deposited coins

11. Are there alternative solutions?
● Proof of Burn
○ Every time you burn coins, you buy a virtual mining rig that gives you the power to mine blocks.
The more coins you burn, the bigger virtual mining rig gets.
○ http://slimco.in/
● Proof of Capacity
○ To do all the work upfront and store it to hard disk
○ Saves a lot of energy
○ https://www.burst-coin.org/ (the Linux of Blockchain)
● Coin Hours by Skycoin/Skywire
○ To share your computing and network capacity to earn coins.
○ Replaces mining
○ https://www.skycoin.net/

12. Playing Crypto Card Game
● Are these pieces of plastic the future of Cryptos?
● https://cryptopay.me/
● https://bitpay.com/
● https://janus.xapo.com/
● https://www.tenx.tech/
● https://www.revolut.com
● Mastercard
○ The new patent application includes a new form of a public blockchain-based method for
linking assets between blockchain and fiat currency accounts.
○ https://cointelegraph.com/news/mastercard-files-patent-for-payment-system-linking-blockch
ain-currency-fiat-accounts

13. Countdown to the biggest Cryptos' Bullrun started... or not?
● 26th of July 2018 - US Securities and Exchange Commission (SEC) denied the
application for a Bitcoin ETF.
● SEC commissioner Hester M. Pierce was against the SEC’s decision
○ https://bitcoinist.com/sec-commissioner-disagrees-winklevoss-bitcoin-etf/
● It’s not if - it’s when BTC will go ETF!
○ https://www.marketwatch.com/story/sec-rule-on-direxion-bitcoin-etfs-expected-this-fall-2018-
07-28-13462129

14. Countdown to the biggest Cryptos' Bull Run started... or not?
● Total Market Cap 29th of July $300 Billion
● Bitcoin dominance grows
○ BTC dominance 48% 29th of July (was 3 weeks ago 34%)
● If BTC will get ETF soon dominance will skyrocket
○ Capital moves to BTC not just from Altcoins but also from other markets
○ If BTC ETF decision will take longer time we can have still short but sharp bear market
● Wall Street Traded $572 Million in Bitcoin Futures on one day!
● Short term Altcoins will stay flat
● Next Bull Run possible still before the end of the year
○ Positive news keep coming from many sectors

15. Thank you, sukhran, 谢谢, kiitos
BLOCKCHAIN BUSINESS CONSULTANCY l DIGITAL MARKETING
True Advantage Consulting -TAC LTD.
www.trueadvantageconsulting.com
Pekka Kelkka,CEO,CBO, CDO, Owner
pekka@trueadvantageconsulting.com
+971553377207 / Skype ID pkelkka
https://www.linkedin.com/in/pekkakelkka/
https://steemit.com/@pekkakelkka