This presentation is our Spring Kick-off event 2018 presented by Michael Lewellen, hosted at Blackstone LaunchPad UTD. This presentation contains a mini lesson on cryptocurrencies for beginners/experts!

1. UTD BlockChain
Kick-Off
Cryptocurreny 101
Created by: Tatiana Chau
Presented by: Michael Lewellen

2. WHAT DO WE DO?
• Education on Blockchain and Cryptocurrencies
• Tech talks, developer tutorials, workshops and more
• Development and Research
• Side projects and research with blockchain and crypto
technologies
• Career Guidance
• Host networking events and connect members with blockchain job
opportunities

3. MEET OUR OFFICERS
PRESIDENT
Michael Lewellen
CHIEF OPERATIONS OFFICER
Tatiana Chau
DIRECTOR OF
MARKETING
Saad Junaid
MARKETING &
WEBMASTER
Luis Osta
WEBMASTER
Sandeep Namburi
SOCIAL MEDIA
Rishi Dandu
SECRETARY
Aidan Noel
TREASURY
Matt Kuhn
FOUNDER & VICE PRESIDENT
Chris Bailey
TECHNOLOGY
Brenden Duderstadt

4. MEET OUR ADVISORS
Alex Treece
• Director, Professional Program in Finance
Bryan Chambers
• Director, Blackstone Launchpad
Dr. Murat Kantarcioglu
• Director, UTD Data Security and Privacy Lab

5. WHAT IS A CRYPTOCURRENCY?
• A digital currency that only exists electronically
• It’s controlled by a decentralized or peer-to-peer (P2P) network
• There is no organization that controls it
• To avoid double-spending, it uses cryptography and a public, digital
ledger known as a blockchain
• Bitcoin is the first cryptocurrency, launched in 2009 as open-source
software by Satoshi Nakamoto

6. HOW DOES BITCOIN USE
BLOCKCHAIN?
• Every Bitcoin transaction is
recorded on a blockchain.
• A Blockchain is a distributed
database that’s shared by
thousands of computers
• Blockchains can be used to store all
kinds of data, not just digital
currency.

7. WHAT ARE MINERS DOING?
• Miners are responsible for updating the blockchain with new
transactions.
• Every 10 minutes, transactions are grouped into “blocks” which can
then be mined and added to the blockchain, forming a chain of
blocks.
• Miners are rewarded with newly created Bitcoin for every block they
successfully mine
https://youtu.be/SF362xxcfdk?t=12m32s

8. PUBLIC & PRIVATE KEYS
https://blockchain.info/address/1PjTsVMmj7Km6HMoMqGSWU6c54MdGF7RZn

9. MAJOR CRYPTOCURRENCIES
• Bitcoin - first crypto with 10 minute blocks. Largest market cap at
$190 billion.
• Litecoin - fork of Bitcoin, 2.5 minute blocks instead
• Ethereum - distributed computing platform with smart contracts.
Computations are paid with Ether.
• IOTA - micropayment for IoT devices using DAG instead of
blockchain. Cheaper fees and more scalable
• Monero - transactions on the public ledger are completely
private

10. CRYPTO WALLETS
• Desktop Core Wallet: Runs a full client and node. Takes up a lot of space
and memory. Bitcoin Core takes up over 100 GB.
• Online Wallet: Keys are held by a third party with their own node. Easy to
setup but the most insecure.
• Paper Wallet: Keys are printed on a piece of paper and can only be
accessed by copying the key into wallet software
• Hardware Wallet: Keys are held on a dedicated device with a PIN code. The
device can be accessed through a USB to make transactions.

11. HOW TO BUY CRYPTO
• Online Exchange- websites that allow you to deposit dollars with credit
card or bank account to trade for Bitcoin. E.g. Coinbase, Gemini
• P2P Marketplace- websites that enable users to trade directly either
online or in person with cash. E.g. LocalBitcoins, Paxful
• Crypto ATMs - ATMs that allow you to deposit cash for Bitcoin and vice
versa
• Altcoin Exchanges - Exchanges that only allow only cryptocurrency to be
traded. No fiat deposits. E.g. Shapeshift, Poloniex
• KEEP TRACK OF YOUR TRADES - use Cointracking.info for tax purposes

12. CURRENT USE CASES
• Darknet Marketplaces
• Global Remittances
• Discount Shopping
• Donations
• Safe-haven asset
• Initial Coin Offerings (ICO)

13. PROBLEMS CURRENTLY FACING
CRYPTO
• Scalability
• Regulation
• Price Volatility
• Adoption

14. FUTURE USE CASES
• Financial Services
• Decentralized Marketplaces
• Micropayments for IoT
• Smart Asset Ownership
• Data Storage
• Governance
• Election Voting

15. JOIN THE DISCUSSION
Smart Contract Workshop
Saturday, January 27th at 1pm
Web: utdcrypto.com
Email: utd.bcso@gmail.com