2. 1 What is Bitcoin? 2 3 4 5 6
The network consists
of the same copy of a
digital file, listing
accounts like a ledger
and maintained on
every computer on the
network.
What is Bitcoin?
Bitcoin is a consensus-based
peer to peer network that
enables a new payment
system and a completely
decentralized digital currency.
Limit:
Bit coin Network generates no more than
21million bit coins.
Unit:
The Units for bit coin is BTC
Value:
1BTC=2353.45 USD($).
3. History of
Bitcoin was created by Satoshi Nakamoto, who published
the invention on 31 October 2008 to a cryptography
mailing list in a research paper called "Bitcoin: A Peer-to-
Peer Electronic Cash System".
• Nakamoto implemented bitcoin as open source code and
released in January 2009.
1 History of Bitcoin2 3 4 5 6
4. How does bitcoin work?
• From a user perspective, Bitcoin is nothing
more than a mobile app or computer program
that provides a personal Bitcoin wallet and
allows a user to send and receive bitcoins with
them. This is how Bitcoin works for most users.
• Behind the scenes, the Bitcoin network is
sharing a public ledger called the "block
chain".
• This ledger contains every transaction ever
processed, allowing a user's computer to verify
the validity of each transaction.
1 How does it work?2 3 4 5 6
5. Crypto exchange
1
What is crypto
exchange?
2 3 4 5 6
• A crypto currency (or crypto currency) is a digital
asset designed to work as a medium of exchange
using cryptography to secure the transactions and to
control the creation of additional units of the
currency.
• Bitcoin became the first decentralized cryptocurrency
in 2009.