What is Bitcoins - an Introduction of Bitcoins
•Download as PPTX, PDF•
0 likes•721 views
Bitcoins can pose a challenge to existing currency systems. Bitcoins are a digital currency created by Satoshi Nakamoto and held electronically. They are produced by people running computer software around the world. While some see opportunities, bitcoins also pose risks like illegal use for money laundering, and some countries have restrictions on their use. The Reserve Bank of India has warned people against using bitcoins and doubts their legality in India due to potential risks, though their status remains uncertain. In summary, the document discusses what bitcoins are, their creation by Satoshi Nakamoto, units of bitcoins, features, uses, security issues, legal status in various countries, and the Reserve Bank of India's perspective.
Report
Share
Report
Share
Recommended
BITCOIN- A Presentation.
Bitcoin is a digital currency created in 2009 that allows online payments to be sent directly from one party to another without involving any third party. It works using blockchain technology, which is a distributed public ledger that records all bitcoin transactions. Each network node stores a copy of the blockchain to independently verify transactions. Bitcoins are created through a process called mining and have no physical form, only balances kept on the public ledger. While it offers advantages like low fees and financial freedom, bitcoin also faces challenges of volatility, lack of awareness, and potential for criminal use on black markets. Its future prospects include further mainstream adoption but also disruption of traditional financial systems.
bitcoin technology
Bitcoin is a decentralized digital currency that uses peer-to-peer technology to facilitate instant payments without third-party intermediaries. It was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Bitcoins are created and allocated by consensus of users through mining. While it offers benefits like low fees and accessibility, bitcoin also faces challenges of volatility, security risks, and lack of regulation that have led to criminal uses on dark markets.
Bitcoin presentation slides
This document provides an overview of Bitcoin, including:
- Bitcoin is a cryptocurrency based on peer-to-peer networks that allows for anonymous and low-cost cross-border transactions.
- Regulators face unique challenges in regulating Bitcoin due to its complex computer code and decentralized structure without a central authority.
- While Bitcoin provides benefits like low transaction fees, it has also been used for illegal activities due to its anonymity, which is a concern for regulators.
Understanding Bitcoin
What is bitcoin? How does it work? How can you make money out of it? The bitcoin basics for Filipinos who want to understand and invest in the new digital currency.
Advantages,disadvantages,applications and economic aspects of bitcoin
The document discusses the advantages and risks of using bitcoin. It outlines several advantages such as bitcoin being difficult to block, cheaper than wire transfers, and providing merchants protection from chargebacks. However, it also discusses several risks like bitcoin's volatile price, non-anonymous transactions, and lack of buyer protection for irreversible payments. The document also examines applications of bitcoin for online sales, donations, international remittances, and as a potential long-term store of value. It analyzes the economic aspects of bitcoin including how its value and supply are determined through mining new coins and market demand. In conclusion, it suggests bitcoin may have a positive future if its network of users, merchants and developers continues to grow.
Bit coin
Bitcoin is a digital currency that operates through a decentralized peer-to-peer network with no central authority or banks. Users can send bitcoins to each other using mobile apps or computers similarly to sending digital cash. New bitcoins are produced through a process called mining, where users validate transactions and are rewarded with bitcoins. While no single entity controls the bitcoin network, it is secured by a public ledger called the blockchain that records all transactions. The future of bitcoin remains uncertain but it enables fast international money transfers and some see it as a digital version of gold.
Presentation on bitcoin
Bit Coin is the only one of the global online currency. This Presentation mainly about on bitcoin works,how created bitcoin,who is control this,exchanges of this coins,who is established this type of coin.
BIT COIN ,MINING & ATM
Bitcoin is a digital currency that allows for peer-to-peer transactions without an intermediary. The document discusses how bitcoin works, including how transactions are recorded in a public ledger called the blockchain and secured through cryptography. It also describes how bitcoin can be acquired, stored in digital wallets, and exchanged at bitcoin ATMs or exchanges. While bitcoin offers advantages like low fees and censorship resistance, it also faces challenges like volatility, lack of buyer protection, and limited acceptance.
Recommended
BITCOIN- A Presentation.
Bitcoin is a digital currency created in 2009 that allows online payments to be sent directly from one party to another without involving any third party. It works using blockchain technology, which is a distributed public ledger that records all bitcoin transactions. Each network node stores a copy of the blockchain to independently verify transactions. Bitcoins are created through a process called mining and have no physical form, only balances kept on the public ledger. While it offers advantages like low fees and financial freedom, bitcoin also faces challenges of volatility, lack of awareness, and potential for criminal use on black markets. Its future prospects include further mainstream adoption but also disruption of traditional financial systems.
bitcoin technology
Bitcoin is a decentralized digital currency that uses peer-to-peer technology to facilitate instant payments without third-party intermediaries. It was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Bitcoins are created and allocated by consensus of users through mining. While it offers benefits like low fees and accessibility, bitcoin also faces challenges of volatility, security risks, and lack of regulation that have led to criminal uses on dark markets.
Bitcoin presentation slides
This document provides an overview of Bitcoin, including:
- Bitcoin is a cryptocurrency based on peer-to-peer networks that allows for anonymous and low-cost cross-border transactions.
- Regulators face unique challenges in regulating Bitcoin due to its complex computer code and decentralized structure without a central authority.
- While Bitcoin provides benefits like low transaction fees, it has also been used for illegal activities due to its anonymity, which is a concern for regulators.
Understanding Bitcoin
What is bitcoin? How does it work? How can you make money out of it? The bitcoin basics for Filipinos who want to understand and invest in the new digital currency.
Advantages,disadvantages,applications and economic aspects of bitcoin
The document discusses the advantages and risks of using bitcoin. It outlines several advantages such as bitcoin being difficult to block, cheaper than wire transfers, and providing merchants protection from chargebacks. However, it also discusses several risks like bitcoin's volatile price, non-anonymous transactions, and lack of buyer protection for irreversible payments. The document also examines applications of bitcoin for online sales, donations, international remittances, and as a potential long-term store of value. It analyzes the economic aspects of bitcoin including how its value and supply are determined through mining new coins and market demand. In conclusion, it suggests bitcoin may have a positive future if its network of users, merchants and developers continues to grow.
Bit coin
Bitcoin is a digital currency that operates through a decentralized peer-to-peer network with no central authority or banks. Users can send bitcoins to each other using mobile apps or computers similarly to sending digital cash. New bitcoins are produced through a process called mining, where users validate transactions and are rewarded with bitcoins. While no single entity controls the bitcoin network, it is secured by a public ledger called the blockchain that records all transactions. The future of bitcoin remains uncertain but it enables fast international money transfers and some see it as a digital version of gold.
Presentation on bitcoin
Bit Coin is the only one of the global online currency. This Presentation mainly about on bitcoin works,how created bitcoin,who is control this,exchanges of this coins,who is established this type of coin.
BIT COIN ,MINING & ATM
Bitcoin is a digital currency that allows for peer-to-peer transactions without an intermediary. The document discusses how bitcoin works, including how transactions are recorded in a public ledger called the blockchain and secured through cryptography. It also describes how bitcoin can be acquired, stored in digital wallets, and exchanged at bitcoin ATMs or exchanges. While bitcoin offers advantages like low fees and censorship resistance, it also faces challenges like volatility, lack of buyer protection, and limited acceptance.
Digital Gold: Bitcoin as Investment Asset
This document provides an overview of Bitcoin including:
- Bitcoin addresses the "double spending" problem through a distributed consensus protocol called "proof-of-work" where miners secure the network and validate transactions in exchange for Bitcoin rewards.
- Bitcoin has a fixed and predetermined supply schedule that mimics scarcity of gold, with the total supply capped at 21 million Bitcoin.
- Proponents argue Bitcoin's decentralized and censorship-resistant properties make it a useful alternative asset class and potential future currency. However, critics argue it enables illicit use and is highly speculative.
Bitcoin
The document provides an overview of Bitcoin, including its history, key concepts, and technical aspects. It discusses how Bitcoin works as a decentralized digital currency using blockchain technology. Some key points covered include how Bitcoin is sent through peer-to-peer transactions, the role of miners in verifying transactions and creating new blocks, and how wallets are used to store public/private keys and interact with the Bitcoin network.
Bitcoin
This document discusses bitcoin and its place as an emerging industry trend. It provides an overview of bitcoin's characteristics as a decentralized, peer-to-peer digital currency. The document then analyzes bitcoin as a trend, how it is disrupting traditional finance, and its growing adoption among millennials and high-income users. A PESTLE analysis examines the political, economic, social, technological, legal and environmental factors impacting bitcoin. The document concludes that while bitcoin faces challenges, its underlying blockchain technology is pioneering a digital global economy.
Bitcoin Final Year Seminar (PPT)
Bitcoin is a decentralized electronic cash system using peer-to-peer networking to enable payments between parties without relying on mutual trust. It was first described in a paper by Satoshi Nakamoto (widely presumed to be a pseudonym) in 2008. Payments are made in bitcoins (BTC's), which are digital coins issued and transferred by the Bitcoin network.
Bitcoin Final Year Seminar Report
Bitcoin is a decentralized electronic cash system using peer-to-peer networking to enable payments between parties without relying on mutual trust. It was first described in a paper by Satoshi Nakamoto (widely presumed to be a pseudonym) in 2008. Payments are made in bitcoins (BTC's), which are digital coins issued and transferred by the Bitcoin network.
Bitcoin
Bitcoin is a digital currency created by the mysterious Satoshi Nakamoto and introduced in 2009. It operates through a decentralized peer-to-peer network, using public key cryptography to secure and verify transactions. Bitcoins are produced through mining and can be exchanged for goods, services or other currencies. While not backed by any government or central bank, bitcoin's value has increased substantially since its creation.
Introduction Bitcoin
Introduction of Bitcoin, explain for newbie and financial person, easy to understanding.
Language
English 99%
Thai 1% (only "Bitcoin in Thailand)
Agenda
- What is Bitcoin
- Bitcoin and Gold, The human economy evolved
- The Bitcoin bubble
- How to can get Bitcoins
- What is Bitcoin Mining
- Total Bitcoins in circulation
- Bitcoin Supply
- How long does it take to mine a single Bitcoin
- Bitcoin consumption power
- B-Commerce
- Silk Road Case
- Tulip Mania 2.0?
- Bitcoin in Thailand
- Reference
BITCOIN TECHNOLOGY AND ITS USES
This document discusses Bitcoin, a decentralized digital currency. It describes how Bitcoin works through peer-to-peer technology without a central authority. Key topics covered include how new Bitcoins are generated through mining, how to acquire and store Bitcoins using wallets, how transactions are processed and recorded on the blockchain, and some advantages and disadvantages of using Bitcoin.
Bitcoin - the Basics
Bitcoin is an open-source cryptocurrency created by the pseudonymous Satoshi Nakamoto. It is a decentralized digital currency that uses peer-to-peer technology to operate without a central authority. Transactions are verified through a proof-of-work system and recorded in a public distributed ledger called a blockchain. While bitcoin offers advantages like instant transactions and anonymity, it also faces challenges like volatility, scalability issues, and the risk of losing coins if private keys are lost. Overall, bitcoin remains a controversial new currency that some see as the future while others see risks in its use and acceptance.
Bitcoin technology
Bitcoin is a decentralized digital currency introduced in 2009 that allows for peer-to-peer financial transactions without a central authority. It uses blockchain technology to record transactions through a public ledger maintained by a network of computers. New bitcoins are created through a process called mining where users offer their computing power to verify transactions. Bitcoins can be obtained by mining or in exchange for fiat money, products, or services. Users can send and receive bitcoins electronically through wallet software. The blockchain protects against fraud by requiring digital signatures to validate transactions and cryptographic hashes to prevent modification of ledger entries.
BITCOIN EXPLAINED
Bitcoin is a cryptocurrency that was created in 2009 as a decentralized digital currency not controlled by any central authority like a bank. It uses cryptography to secure transactions and generate new units of currency. Transactions are recorded on a public ledger called the blockchain. New bitcoins are "mined" by solving complex math problems, and the total number that can ever be created is limited to 21 million. While bitcoin offers advantages like instant transactions and anonymity, it also has risks like high volatility and the inability to recover funds if private keys are lost.
Bitcoin Introduction - customer presentation APR 2017
Simple and basic bitcoin introduction made for a special customer with HUGE potential.
Bitcoin introduction
1. General terms in details, such as what is mining, private keys, how to use a wallet and more.
2. Blockchain.info - what can anyone learn from this amazng source
3. When you use bitcoin - importatn things to know before you start using bitcoins for anything.
4. Get educated - learn learn learn
Enjoy
An Overview on Bitcoin
Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto,Bitcoin is a decentralised electronic currency which is not backed by any other currency as it is a stand-alone currency traded against other currencies.
Bitcoin 101: The Currency, The Network, The Community
Bitcoin and the underlying technology of cryptocurrency is poised to revolutionize the world of banking and financial equity. Can Bitcoin make it through the volatile startup years and be adopted as a global currency? With an estimated 50,000 businesses now accepting Bitcoin and more than $100 million in venture capital investments, 2014 could be the tipping point for this new form of value exchange.
In this introductory presentation, you'll learn what Bitcoin is, why the technology is revolutionary and how you can get involved in the community. Find out how businesses can save 2-3% on credit card fees and have instant access to a global market. Discover how digital currencies are supporting thriving local economies. Don't miss this opportunity to educate yourself on the fundamentals of Bitcoin and see how you and your business will benefit.
How can you tell the difference between bitcoin and blockchain
Bitcoin and blockchain are often used interchangeably but they refer to different things. Bitcoin is a cryptocurrency that uses blockchain technology, which is a decentralized ledger system recorded in a digital network. The key differences are that blockchain is the underlying technology that Bitcoin is built on, while Bitcoin is a specific cryptocurrency application of blockchain. Blockchain allows for transparent and secure recording of transactions without central oversight, and it has many potential applications beyond just cryptocurrency.
Bitcoin history
This article contains information about history of Bitcoin cryptocurrency. What is Bitcoin? Whom was it created by? This article resumes the whole history of Bitcoin since 2008 to 2018.
Introduction to bitcoin
The document provides an introduction to Bitcoin, explaining what it is and how it works. Some key points:
- Bitcoin is a decentralized digital currency that uses cryptography to secure transactions. It is not tied to any central authority.
- Transactions are recorded on a public ledger called the blockchain. Bitcoin ownership is determined by private keys, not identities.
- New bitcoins are created through mining, where computers validate transactions by solving complex math problems. Miners are rewarded with new bitcoins.
- Over time, the supply of new bitcoins will approach 21 million as rewards for mining decrease and eventually end. Transaction fees will incentivize mining.
- Bitcoin can be exchanged for goods and services, though its legal status
Bitcoin and Blockchains
This document provides an overview of Bitcoin and blockchains. It discusses what a blockchain is and provides a live online demo. It covers Bitcoin's history and evolution, addresses whether Bitcoin has any real value beyond speculation, and examines its price history. Risks of Bitcoin like scams and money laundering are outlined. Ethereum and smart contracts are introduced. Issues like the DAO hack and Bitcoin's environmental impact are also summarized. Applications of blockchain technology beyond cryptocurrency like blockchain voting are presented.
Bit coin presentation
Presentation that introduces you to BitCoin system and gives some advantages and disadvantages of this system
An in depth presentation of Cryptocurrency.
This document provides an overview of cryptocurrency including:
- Cryptocurrency is a decentralized digital currency that uses cryptography and a distributed ledger called blockchain to secure online transactions. The first cryptocurrency was Bitcoin, created in 2009.
- Blockchain underlies cryptocurrencies like Bitcoin - it is a public distributed ledger where transactions are recorded in chronological order in blocks that cannot be altered.
- Cryptocurrencies work through mining, where miners use computing power to validate transactions by solving complex math puzzles. Successful miners are rewarded with the cryptocurrency.
- Popular cryptocurrencies besides Bitcoin include Ethereum, Ripple, Litecoin, and Dash. Cryptocurrency is not yet clearly regulated in India but the government may launch
Bitcoin: Today and Future
A really simple explanation of Bitcoin and why everyone afraid of it.
My other FinTech presentations:
Bitcoin: http://www.slideshare.net/ishmelev/bitcoin-future
Digital bank: http://www.slideshare.net/ishmelev/digital-bank-eng
Future of bank: http://www.slideshare.net/ishmelev/bank-future
Technical Introduction to Bitcoins by Gilles Barbier, Partner at TheFamily
Bitcoin's promise of a world with virtual money is now famous: from being decentralized, low cost, to secured one question remains?
How does Bitcoin make these miracles still happen?
Not only will this workshop give you an in depth look at Bitcoin but you'll be able to use it wisely.
More Related Content
What's hot
Digital Gold: Bitcoin as Investment Asset
This document provides an overview of Bitcoin including:
- Bitcoin addresses the "double spending" problem through a distributed consensus protocol called "proof-of-work" where miners secure the network and validate transactions in exchange for Bitcoin rewards.
- Bitcoin has a fixed and predetermined supply schedule that mimics scarcity of gold, with the total supply capped at 21 million Bitcoin.
- Proponents argue Bitcoin's decentralized and censorship-resistant properties make it a useful alternative asset class and potential future currency. However, critics argue it enables illicit use and is highly speculative.
Bitcoin
The document provides an overview of Bitcoin, including its history, key concepts, and technical aspects. It discusses how Bitcoin works as a decentralized digital currency using blockchain technology. Some key points covered include how Bitcoin is sent through peer-to-peer transactions, the role of miners in verifying transactions and creating new blocks, and how wallets are used to store public/private keys and interact with the Bitcoin network.
Bitcoin
This document discusses bitcoin and its place as an emerging industry trend. It provides an overview of bitcoin's characteristics as a decentralized, peer-to-peer digital currency. The document then analyzes bitcoin as a trend, how it is disrupting traditional finance, and its growing adoption among millennials and high-income users. A PESTLE analysis examines the political, economic, social, technological, legal and environmental factors impacting bitcoin. The document concludes that while bitcoin faces challenges, its underlying blockchain technology is pioneering a digital global economy.
Bitcoin Final Year Seminar (PPT)
Bitcoin is a decentralized electronic cash system using peer-to-peer networking to enable payments between parties without relying on mutual trust. It was first described in a paper by Satoshi Nakamoto (widely presumed to be a pseudonym) in 2008. Payments are made in bitcoins (BTC's), which are digital coins issued and transferred by the Bitcoin network.
Bitcoin Final Year Seminar Report
Bitcoin is a decentralized electronic cash system using peer-to-peer networking to enable payments between parties without relying on mutual trust. It was first described in a paper by Satoshi Nakamoto (widely presumed to be a pseudonym) in 2008. Payments are made in bitcoins (BTC's), which are digital coins issued and transferred by the Bitcoin network.
Bitcoin
Bitcoin is a digital currency created by the mysterious Satoshi Nakamoto and introduced in 2009. It operates through a decentralized peer-to-peer network, using public key cryptography to secure and verify transactions. Bitcoins are produced through mining and can be exchanged for goods, services or other currencies. While not backed by any government or central bank, bitcoin's value has increased substantially since its creation.
Introduction Bitcoin
Introduction of Bitcoin, explain for newbie and financial person, easy to understanding.
Language
English 99%
Thai 1% (only "Bitcoin in Thailand)
Agenda
- What is Bitcoin
- Bitcoin and Gold, The human economy evolved
- The Bitcoin bubble
- How to can get Bitcoins
- What is Bitcoin Mining
- Total Bitcoins in circulation
- Bitcoin Supply
- How long does it take to mine a single Bitcoin
- Bitcoin consumption power
- B-Commerce
- Silk Road Case
- Tulip Mania 2.0?
- Bitcoin in Thailand
- Reference
BITCOIN TECHNOLOGY AND ITS USES
This document discusses Bitcoin, a decentralized digital currency. It describes how Bitcoin works through peer-to-peer technology without a central authority. Key topics covered include how new Bitcoins are generated through mining, how to acquire and store Bitcoins using wallets, how transactions are processed and recorded on the blockchain, and some advantages and disadvantages of using Bitcoin.
Bitcoin - the Basics
Bitcoin is an open-source cryptocurrency created by the pseudonymous Satoshi Nakamoto. It is a decentralized digital currency that uses peer-to-peer technology to operate without a central authority. Transactions are verified through a proof-of-work system and recorded in a public distributed ledger called a blockchain. While bitcoin offers advantages like instant transactions and anonymity, it also faces challenges like volatility, scalability issues, and the risk of losing coins if private keys are lost. Overall, bitcoin remains a controversial new currency that some see as the future while others see risks in its use and acceptance.
Bitcoin technology
Bitcoin is a decentralized digital currency introduced in 2009 that allows for peer-to-peer financial transactions without a central authority. It uses blockchain technology to record transactions through a public ledger maintained by a network of computers. New bitcoins are created through a process called mining where users offer their computing power to verify transactions. Bitcoins can be obtained by mining or in exchange for fiat money, products, or services. Users can send and receive bitcoins electronically through wallet software. The blockchain protects against fraud by requiring digital signatures to validate transactions and cryptographic hashes to prevent modification of ledger entries.
BITCOIN EXPLAINED
Bitcoin is a cryptocurrency that was created in 2009 as a decentralized digital currency not controlled by any central authority like a bank. It uses cryptography to secure transactions and generate new units of currency. Transactions are recorded on a public ledger called the blockchain. New bitcoins are "mined" by solving complex math problems, and the total number that can ever be created is limited to 21 million. While bitcoin offers advantages like instant transactions and anonymity, it also has risks like high volatility and the inability to recover funds if private keys are lost.
Bitcoin Introduction - customer presentation APR 2017
Simple and basic bitcoin introduction made for a special customer with HUGE potential.
Bitcoin introduction
1. General terms in details, such as what is mining, private keys, how to use a wallet and more.
2. Blockchain.info - what can anyone learn from this amazng source
3. When you use bitcoin - importatn things to know before you start using bitcoins for anything.
4. Get educated - learn learn learn
Enjoy
An Overview on Bitcoin
Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto,Bitcoin is a decentralised electronic currency which is not backed by any other currency as it is a stand-alone currency traded against other currencies.
Bitcoin 101: The Currency, The Network, The Community
Bitcoin and the underlying technology of cryptocurrency is poised to revolutionize the world of banking and financial equity. Can Bitcoin make it through the volatile startup years and be adopted as a global currency? With an estimated 50,000 businesses now accepting Bitcoin and more than $100 million in venture capital investments, 2014 could be the tipping point for this new form of value exchange.
In this introductory presentation, you'll learn what Bitcoin is, why the technology is revolutionary and how you can get involved in the community. Find out how businesses can save 2-3% on credit card fees and have instant access to a global market. Discover how digital currencies are supporting thriving local economies. Don't miss this opportunity to educate yourself on the fundamentals of Bitcoin and see how you and your business will benefit.
How can you tell the difference between bitcoin and blockchain
Bitcoin and blockchain are often used interchangeably but they refer to different things. Bitcoin is a cryptocurrency that uses blockchain technology, which is a decentralized ledger system recorded in a digital network. The key differences are that blockchain is the underlying technology that Bitcoin is built on, while Bitcoin is a specific cryptocurrency application of blockchain. Blockchain allows for transparent and secure recording of transactions without central oversight, and it has many potential applications beyond just cryptocurrency.
Bitcoin history
This article contains information about history of Bitcoin cryptocurrency. What is Bitcoin? Whom was it created by? This article resumes the whole history of Bitcoin since 2008 to 2018.
Introduction to bitcoin
The document provides an introduction to Bitcoin, explaining what it is and how it works. Some key points:
- Bitcoin is a decentralized digital currency that uses cryptography to secure transactions. It is not tied to any central authority.
- Transactions are recorded on a public ledger called the blockchain. Bitcoin ownership is determined by private keys, not identities.
- New bitcoins are created through mining, where computers validate transactions by solving complex math problems. Miners are rewarded with new bitcoins.
- Over time, the supply of new bitcoins will approach 21 million as rewards for mining decrease and eventually end. Transaction fees will incentivize mining.
- Bitcoin can be exchanged for goods and services, though its legal status
Bitcoin and Blockchains
This document provides an overview of Bitcoin and blockchains. It discusses what a blockchain is and provides a live online demo. It covers Bitcoin's history and evolution, addresses whether Bitcoin has any real value beyond speculation, and examines its price history. Risks of Bitcoin like scams and money laundering are outlined. Ethereum and smart contracts are introduced. Issues like the DAO hack and Bitcoin's environmental impact are also summarized. Applications of blockchain technology beyond cryptocurrency like blockchain voting are presented.
Bit coin presentation
Presentation that introduces you to BitCoin system and gives some advantages and disadvantages of this system
An in depth presentation of Cryptocurrency.
This document provides an overview of cryptocurrency including:
- Cryptocurrency is a decentralized digital currency that uses cryptography and a distributed ledger called blockchain to secure online transactions. The first cryptocurrency was Bitcoin, created in 2009.
- Blockchain underlies cryptocurrencies like Bitcoin - it is a public distributed ledger where transactions are recorded in chronological order in blocks that cannot be altered.
- Cryptocurrencies work through mining, where miners use computing power to validate transactions by solving complex math puzzles. Successful miners are rewarded with the cryptocurrency.
- Popular cryptocurrencies besides Bitcoin include Ethereum, Ripple, Litecoin, and Dash. Cryptocurrency is not yet clearly regulated in India but the government may launch
What's hot (20)
Bitcoin Introduction - customer presentation APR 2017
Bitcoin Introduction - customer presentation APR 2017
Bitcoin 101: The Currency, The Network, The Community
Bitcoin 101: The Currency, The Network, The Community
How can you tell the difference between bitcoin and blockchain
How can you tell the difference between bitcoin and blockchain
Viewers also liked
Bitcoin: Today and Future
A really simple explanation of Bitcoin and why everyone afraid of it.
My other FinTech presentations:
Bitcoin: http://www.slideshare.net/ishmelev/bitcoin-future
Digital bank: http://www.slideshare.net/ishmelev/digital-bank-eng
Future of bank: http://www.slideshare.net/ishmelev/bank-future
Technical Introduction to Bitcoins by Gilles Barbier, Partner at TheFamily
Bitcoin's promise of a world with virtual money is now famous: from being decentralized, low cost, to secured one question remains?
How does Bitcoin make these miracles still happen?
Not only will this workshop give you an in depth look at Bitcoin but you'll be able to use it wisely.
Introduction to Bitcoin's Scripting Language
An introduction to Bitcoin's scripting language. Beginning with a historical perspective all the way to seeing an actual transaction's scripts being run in a stack environment. Further resources are provided in order to learn more about this incredible technology. http://youtu.be/4qz7XehSBCc
Bitcoins, blockchains and beyond
An introduction to bitcoin and how to use them.
Then diving further into the technology behind them called blockchains.Finally sketching out what's further possible.
Update for 2016-01-20 now included.
Tips: 1My5jXrMESagfNmCVHuxbbMRBb5As8oWKy
Introduction to Bitcoins and Cryptocurrency
Cryptocurrency is a digital currency that uses encryption techniques to regulate currency generation and verify fund transfers independently of a central bank. Bitcoin, created in 2009, was the first cryptocurrency and introduced the concept of a decentralized digital currency not controlled by any single entity. Cryptocurrencies operate using blockchain, a public ledger stored across a network of computers that records all transactions. Key characteristics of cryptocurrencies include decentralization, ease of setup with no transaction fees, anonymity, and transparency through public recording on the blockchain. New currency units are "mined" by users who receive bitcoins for verifying transactions, with the total number of bitcoins limited to 21 million under the cryptocurrency protocol.
Understanding Blockchains
.
However, blockchains face challenges around governance, volatility, centralization of mining power, and inherent inefficiencies. Their use also needs to be evaluated based on the type of data and transactions
Blockchains in agriculture
Talk given to the Blockchains in Agriculture workshop organised by the Dutch Ministry of Economic Affairs (EZ) on 23 November 2016
Distributed Ledgers, Blockchains, and Smart Contracts
This document introduces distributed ledger technology (DLT) and blockchains, including how they provide a decentralized and trustless alternative to centralized systems through consensus mechanisms. It describes how blockchains like Bitcoin use cryptography to record transactions in an immutable ledger, and how Ethereum generalized blockchains through smart contracts that run on a global decentralized computer. Smart contracts enable decentralized applications (Dapps) that do not require centralized user management. Examples of real-world DLT applications include stock exchanges, property registries, and autonomous organizations.
Blockchain technology powerpoint
Healthcare leaders still have doubts, however, about the feasibility of creating large scale blockchain solutions. http://www.radiusanesthesia.com
What is Bitcoin? How Bitcoin works in under 5 minutes.
Bitcoin is imagined as a currency for a board game with tradable assets where players need a mutually agreeable way to track balances and trades. Each player is given a copy of a shared ledger recording everyone's token balances. When a trade occurs, the involved players update their ledgers and show others to update theirs, ensuring all copies stay in sync. With modifications like digital ledgers, unique account IDs, and cryptography, this system could function as a global digital currency and payment network controlled by no single entity where users transact directly without fees.
Bitcoin
Bitcoin is a digital currency introduced in 2009 that allows for peer-to-peer transactions without an intermediary. It uses a decentralized network of users running software to validate transactions through mining, where miners are awarded bitcoins for solving complex algorithms. Transactions are recorded on a public ledger called the blockchain. While bitcoin provides advantages like low fees and financial freedom, it also faces challenges of volatility, limited acceptance, and ongoing development. Security relies on cryptographic techniques to prevent corruption of the blockchain.
Treat HPV Naturally
http://wartremovalexperts.com/natural-cures
If your looking for natural cures for HPV then keep reading, as this infographic is all about natural ways to stop this virus in its tracks. However, it’s important to learn more about HPV in order to be able to effectively treat it.
Richard Ross Resume 102715
Richard Ross has over 30 years of experience in sales for pharmaceutical, nutraceutical, consumer goods, and health and beauty product packaging. He has a proven track record of successfully generating millions in new sales and adding numerous new customer accounts across several companies. Ross is skilled in business development, operations, project management, and quality programs.
5 Things Everyone has thought when being contacted by a Recruiter
This short Power Point outlines the most common responses we hear when we contact new potential candidates and what are response to those candidates would be.
Tipos de señalizacion 28-12-15
Existen diferentes tipos de señalización en materia de prevención de riesgos laborales que se identifican por colores y formas específicas: rojo para peligro, amarillo para advertencia, azul para obligación y verde para emergencias. Las formas son triangulares para advertencia, redondas para prohibición u obligación, y rectangulares para lucha contra incendios. El documento proporciona ejemplos de señales de obligación.
Maryland summit jhh 2015 how to live longer and better with lupus
Lupus is a chronic disease that people must learn to deal with their entire lives. Dealing with it successfully involves more than just taking medications. There are many important steps the people who have lupus should take in order to have a good quality of life and live longer. Dr. Thomas will discuss these important steps as well as explain why they are important to do on a regular basis.
A bi objective minimum cost-time network flow problem
The Minimum Cost-Time Network Flow (MCTNF) problem deals with shipping the available supply through the directed network to satisfy demand at minimal total cost and minimal total time.
directed network to satisfy demand at minimal total cost and minimal total time
Viewers also liked (18)
Technical Introduction to Bitcoins by Gilles Barbier, Partner at TheFamily
Technical Introduction to Bitcoins by Gilles Barbier, Partner at TheFamily
Distributed Ledgers, Blockchains, and Smart Contracts
Distributed Ledgers, Blockchains, and Smart Contracts
What is Bitcoin? How Bitcoin works in under 5 minutes.
What is Bitcoin? How Bitcoin works in under 5 minutes.
5 Things Everyone has thought when being contacted by a Recruiter
5 Things Everyone has thought when being contacted by a Recruiter
Maryland summit jhh 2015 how to live longer and better with lupus
Maryland summit jhh 2015 how to live longer and better with lupus
A bi objective minimum cost-time network flow problem
A bi objective minimum cost-time network flow problem
Similar to What is Bitcoins - an Introduction of Bitcoins
Eps assignment
Bitcoin is a digital currency created in 2008 that allows for electronic transactions without a central bank or single administrator. It can be used to buy goods and services from participating retailers. Bitcoin transactions are verified by a decentralized network of computers and recorded in a public ledger called the blockchain. While it offers advantages like low fees and anonymity, bitcoin also faces risks like high volatility, the possibility of losing coins if private keys are lost, and lack of legal protections and central oversight. Regulators in some countries have issued warnings about bitcoin's risks.
lavesh sethia bit coin marketing present.pptx
This document discusses Bitcoin and cryptocurrency. It provides an introduction to Bitcoin, explaining how it works as a decentralized digital currency not backed by any government or bank. The document outlines Bitcoin's history and milestones, how new Bitcoins are generated through mining, and why Bitcoin became so popular due to its anonymity, low transaction fees and ability to send funds internationally. The document also discusses India's potential launch of its own cryptocurrency, the legal status and regulation of Bitcoin in different countries, and advantages and disadvantages of using Bitcoin. In the future, the document suggests Bitcoin and blockchain technology could further globalization and support more secure and democratic systems.
Bitcoin
Bitcoin is a cryptocurrency that was created in 2008 by the pseudonymous Satoshi Nakamoto. It is a decentralized digital currency that uses cryptography to control its creation and management, rather than relying on central authorities like governments or banks. Transactions are recorded on a public ledger called the blockchain. Over time, the blockchain has grown to over 100GB in size as it records all confirmed transactions since the beginning of Bitcoin. While it offers some advantages like anonymity and lack of central control, Bitcoin also faces challenges like volatility in its value and limited adoption for purchases.
Bitcoin presentation
In this slide you get all information regarding bitcoin, cryptocurrency and how to invest in bitcoin, why you should invest in crypto, how much risk in investing in crypto, ideas for investing in crypto.
BITCOIN presentation by SAINATH
Bitcoin was created in 2009 by the anonymous developer Satoshi Nakamoto. It is a digital currency that uses cryptography to control the creation of new coins and verify transactions. Bitcoin transactions occur between users directly without an intermediary. The total number of bitcoins that can ever be created is capped at 21 million. Some key features of bitcoin include that it is decentralized, open-source, peer-to-peer, and allows for fast but irreversible transfers.
Bitcoin Presentation.pptx
Bitcoin is a global peer-to-peer currency that has no central authority and a limited supply. It can be obtained through mining, exchanges, individuals, or selling goods/services. Bitcoins are stored in digital wallets consisting of public and private keys. While volatile, Bitcoin has the potential to become a mainstream currency if it gains a small percentage of the global payment market, which could drive the price per coin to nearly $15,000 by 2025. Security and risk of loss are important considerations for those interested in investing in Bitcoin.
How bitcoin Works.pptx
1. The document provides an overview of Bitcoin, including its origins, how it works as a decentralized digital currency, and some of its key features and advantages.
2. It discusses Bitcoin's theoretical underpinnings and compares it to traditional fiat currencies and commodities like gold. However, it notes that Bitcoin faces significant challenges from its volatility, lack of regulation, and theoretical shortcomings regarding use as a stable currency.
3. In conclusion, the document outlines both advantages and disadvantages of Bitcoin, questioning its independence and stability as a currency due to issues like its unregulated status, anonymity enabling tax evasion, and lack of a clear theoretical framework supporting its use as money.
Blockchain & crypto
Blockchain is a distributed digital ledger composed of blocks that record transactions in a verifiable and permanent way. Each block contains a cryptographic hash of the previous block, linking the blocks together in a chain. This ensures that data in the blockchain cannot be tampered with or altered once recorded. Bitcoin is the first cryptocurrency that uses blockchain technology to operate as a peer-to-peer electronic cash system without the need for centralized control. While it provides advantages like freedom in payments and transparency, it also faces challenges like volatility due to lack of government backing and risk of bans or other currencies becoming more popular. Blockchain has many potential applications beyond cryptocurrency, including more efficient and secure real estate transactions, voting systems, IoT device
Cryptocurrencies: The Mechanics Economic and Finance
Presented at the INAUGURAL CAIA-SKBI CRYPTOCURRENCY CONFERENCE 2014 on 04 November 2014 held at the Singapore Management University
This talk gives a general overview of Bitcoin and other cryptocurrencies.
An Introduction to Bitcoin-The Digital Form of currency
This PPT give an introduction to cryptocurrency Bitcoin. It is a digital form of currency. It is a decentralized currency , that is no central govt. or authority controls it. It is a direct peer to peer money transaction.
Presentation on Financial Management
The document summarizes a presentation on Bitcoin given by five students. It provides background on cryptocurrencies and defines Bitcoin as the first decentralized digital currency. It discusses Bitcoin's history and characteristics like being decentralized, easy to set up, anonymous, and having miniscule transaction fees. The document also covers how Bitcoin works, including how it is stored and transferred, how transactions are recorded in the blockchain, and the mining process. It discusses factors that impact Bitcoin's price and challenges like scalability. It concludes with examples of merchants that accept Bitcoin and some political analyses of countries that have restricted its use.
BITCOIN GLOBAL DIGITAL CURRENCY
Bitcoin is a decentralized digital currency that can be used to send payments online. It was created in 2009 by an unknown person under the name Satoshi Nakamoto. Bitcoins have value because they are difficult to create and transactions are recorded on a public ledger called the blockchain. People can obtain bitcoins by buying them on an exchange, receiving them from another user, or mining them by solving complex math problems. While bitcoin transactions are anonymous, the public ledger allows all transactions to be tracked. No single entity controls the bitcoin network and users rely on consensus to update the software. The future of bitcoin is uncertain as governments are concerned about taxation and control of the currency.
Study on Bitcoin - Technical & Legal Aspects (Presentation at Cyber Cell Gurg...
This document provides an overview of Bitcoin including its origins, basic terminology, technology, and issues. It was created by Lovey Jain for a presentation at the Cyber Crime Cell in Gurgaon, India. The document discusses how Bitcoin was started in 2008 by Satoshi Nakamoto, defines Bitcoin as a digital currency not backed by any government, and explains the basic mechanisms of how Bitcoin works including mining and the blockchain.
Presentation on Bitcoin
Bitcoin is a digital currency created by Satoshi Nakamoto and released as open-source software in 2009. It allows online payments to be sent directly from one party to another without an intermediary. There will ultimately only be 21 million bitcoins created. Bitcoins are stored in digital wallets consisting of a public and private key. They can be obtained through mining, exchanging other currencies, buying from individuals, or selling goods/services for bitcoins. While they offer advantages over traditional currencies, bitcoins also carry risks like volatility, hacking, and theft if not properly secured.
Bitcoin Crash => Wake up and Smell the tulips - When will the Bitcoin Bubble ...
The document discusses the history and evolution of money, and provides an analysis of Bitcoin as a potential currency. It summarizes that money was created to facilitate trade and overcome the inefficiencies of bartering. Bitcoin aims to serve as a digital currency, but the document argues it fails to meet many requirements of an effective currency. Concerns include Bitcoin's unstable value, lack of backing, and use for criminal activities. While virtual currencies may be viable in the future, the document deems Bitcoin a "Ponzi scheme" that benefits its anonymous creators the most.
Bitcoin
Bitcoin advantages/disadvantages , characterstics, how it work, challenges, opportunities, wallets, transactions
Client X Future
This document discusses new technologies and their potential impact. It begins by discussing how innovation is happening more rapidly than ever before. It then provides background on Bitcoin and blockchain technology, explaining how Bitcoin introduced an anonymous digital currency and how the blockchain allows for transparent yet encrypted transactions. It discusses various applications of blockchain beyond just currency, including how it solves the "Byzantine Generals Problem" of ensuring compliance in distributed networks. It concludes by promising to discuss additional new technologies like AI, robotics, medicine and their future impact in an upcoming discussion.
Bitcoin and Blockchain explained for chamber of commerce ver 1.0
this presentation describes various opportunities and risks of cryptocurrencies and blockchain technologies for industries.
Conceptual Issues and Basic Method of BitCoin, Cryptography, Economics & The ...
Chimezie Chuta is a leading figure in the African blockchain community, serving as an advisory board member at Kinesis Money and founding several blockchain organizations. He has authored books on blockchain and digital currencies and is a frequent speaker at conferences on these topics. Chuta also plays a key role in organizing major blockchain and cryptocurrency events in Nigeria and advising the government on blockchain innovation projects.
Similar to What is Bitcoins - an Introduction of Bitcoins (20)
Cryptocurrencies: The Mechanics Economic and Finance
Cryptocurrencies: The Mechanics Economic and Finance
An Introduction to Bitcoin-The Digital Form of currency
An Introduction to Bitcoin-The Digital Form of currency
Study on Bitcoin - Technical & Legal Aspects (Presentation at Cyber Cell Gurg...
Study on Bitcoin - Technical & Legal Aspects (Presentation at Cyber Cell Gurg...
Bitcoin Crash => Wake up and Smell the tulips - When will the Bitcoin Bubble ...
Bitcoin Crash => Wake up and Smell the tulips - When will the Bitcoin Bubble ...
Bitcoin and Blockchain explained for chamber of commerce ver 1.0
Bitcoin and Blockchain explained for chamber of commerce ver 1.0
Conceptual Issues and Basic Method of BitCoin, Cryptography, Economics & The ...
Conceptual Issues and Basic Method of BitCoin, Cryptography, Economics & The ...
Recently uploaded
TrustArc Webinar - 2024 Global Privacy Survey
How does your privacy program stack up against your peers? What challenges are privacy teams tackling and prioritizing in 2024?
In the fifth annual Global Privacy Benchmarks Survey, we asked over 1,800 global privacy professionals and business executives to share their perspectives on the current state of privacy inside and outside of their organizations. This year’s report focused on emerging areas of importance for privacy and compliance professionals, including considerations and implications of Artificial Intelligence (AI) technologies, building brand trust, and different approaches for achieving higher privacy competence scores.
See how organizational priorities and strategic approaches to data security and privacy are evolving around the globe.
This webinar will review:
- The top 10 privacy insights from the fifth annual Global Privacy Benchmarks Survey
- The top challenges for privacy leaders, practitioners, and organizations in 2024
- Key themes to consider in developing and maintaining your privacy program
Digital Marketing Trends in 2024 | Guide for Staying Ahead
https://www.wask.co/ebooks/digital-marketing-trends-in-2024
Feeling lost in the digital marketing whirlwind of 2024? Technology is changing, consumer habits are evolving, and staying ahead of the curve feels like a never-ending pursuit. This e-book is your compass. Dive into actionable insights to handle the complexities of modern marketing. From hyper-personalization to the power of user-generated content, learn how to build long-term relationships with your audience and unlock the secrets to success in the ever-shifting digital landscape.
Taking AI to the Next Level in Manufacturing.pdf
Read Taking AI to the Next Level in Manufacturing to gain insights on AI adoption in the manufacturing industry, such as:
1. How quickly AI is being implemented in manufacturing.
2. Which barriers stand in the way of AI adoption.
3. How data quality and governance form the backbone of AI.
4. Organizational processes and structures that may inhibit effective AI adoption.
6. Ideas and approaches to help build your organization's AI strategy.
HCL Notes and Domino License Cost Reduction in the World of DLAU
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-and-domino-license-cost-reduction-in-the-world-of-dlau/
The introduction of DLAU and the CCB & CCX licensing model caused quite a stir in the HCL community. As a Notes and Domino customer, you may have faced challenges with unexpected user counts and license costs. You probably have questions on how this new licensing approach works and how to benefit from it. Most importantly, you likely have budget constraints and want to save money where possible. Don’t worry, we can help with all of this!
We’ll show you how to fix common misconfigurations that cause higher-than-expected user counts, and how to identify accounts which you can deactivate to save money. There are also frequent patterns that can cause unnecessary cost, like using a person document instead of a mail-in for shared mailboxes. We’ll provide examples and solutions for those as well. And naturally we’ll explain the new licensing model.
Join HCL Ambassador Marc Thomas in this webinar with a special guest appearance from Franz Walder. It will give you the tools and know-how to stay on top of what is going on with Domino licensing. You will be able lower your cost through an optimized configuration and keep it low going forward.
These topics will be covered
- Reducing license cost by finding and fixing misconfigurations and superfluous accounts
- How do CCB and CCX licenses really work?
- Understanding the DLAU tool and how to best utilize it
- Tips for common problem areas, like team mailboxes, functional/test users, etc
- Practical examples and best practices to implement right away
Introduction of Cybersecurity with OSS at Code Europe 2024
I develop the Ruby programming language, RubyGems, and Bundler, which are package managers for Ruby. Today, I will introduce how to enhance the security of your application using open-source software (OSS) examples from Ruby and RubyGems.
The first topic is CVE (Common Vulnerabilities and Exposures). I have published CVEs many times. But what exactly is a CVE? I'll provide a basic understanding of CVEs and explain how to detect and handle vulnerabilities in OSS.
Next, let's discuss package managers. Package managers play a critical role in the OSS ecosystem. I'll explain how to manage library dependencies in your application.
I'll share insights into how the Ruby and RubyGems core team works to keep our ecosystem safe. By the end of this talk, you'll have a better understanding of how to safeguard your code.
Ocean lotus Threat actors project by John Sitima 2024 (1).pptx
Ocean Lotus cyber threat actors represent a sophisticated, persistent, and politically motivated group that poses a significant risk to organizations and individuals in the Southeast Asian region. Their continuous evolution and adaptability underscore the need for robust cybersecurity measures and international cooperation to identify and mitigate the threats posed by such advanced persistent threat groups.
Presentation of the OECD Artificial Intelligence Review of Germany
Consult the full report at https://www.oecd.org/digital/oecd-artificial-intelligence-review-of-germany-609808d6-en.htm
Fueling AI with Great Data with Airbyte Webinar
This talk will focus on how to collect data from a variety of sources, leveraging this data for RAG and other GenAI use cases, and finally charting your course to productionalization.
Columbus Data & Analytics Wednesdays - June 2024
Columbus Data & Analytics Wednesdays, June 2024 with Maria Copot 20
Generating privacy-protected synthetic data using Secludy and Milvus
During this demo, the founders of Secludy will demonstrate how their system utilizes Milvus to store and manipulate embeddings for generating privacy-protected synthetic data. Their approach not only maintains the confidentiality of the original data but also enhances the utility and scalability of LLMs under privacy constraints. Attendees, including machine learning engineers, data scientists, and data managers, will witness first-hand how Secludy's integration with Milvus empowers organizations to harness the power of LLMs securely and efficiently.
Driving Business Innovation: Latest Generative AI Advancements & Success Story
Are you ready to revolutionize how you handle data? Join us for a webinar where we’ll bring you up to speed with the latest advancements in Generative AI technology and discover how leveraging FME with tools from giants like Google Gemini, Amazon, and Microsoft OpenAI can supercharge your workflow efficiency.
During the hour, we’ll take you through:
Guest Speaker Segment with Hannah Barrington: Dive into the world of dynamic real estate marketing with Hannah, the Marketing Manager at Workspace Group. Hear firsthand how their team generates engaging descriptions for thousands of office units by integrating diverse data sources—from PDF floorplans to web pages—using FME transformers, like OpenAIVisionConnector and AnthropicVisionConnector. This use case will show you how GenAI can streamline content creation for marketing across the board.
Ollama Use Case: Learn how Scenario Specialist Dmitri Bagh has utilized Ollama within FME to input data, create custom models, and enhance security protocols. This segment will include demos to illustrate the full capabilities of FME in AI-driven processes.
Custom AI Models: Discover how to leverage FME to build personalized AI models using your data. Whether it’s populating a model with local data for added security or integrating public AI tools, find out how FME facilitates a versatile and secure approach to AI.
We’ll wrap up with a live Q&A session where you can engage with our experts on your specific use cases, and learn more about optimizing your data workflows with AI.
This webinar is ideal for professionals seeking to harness the power of AI within their data management systems while ensuring high levels of customization and security. Whether you're a novice or an expert, gain actionable insights and strategies to elevate your data processes. Join us to see how FME and AI can revolutionize how you work with data!
GraphRAG for Life Science to increase LLM accuracy
GraphRAG for life science domain, where you retriever information from biomedical knowledge graphs using LLMs to increase the accuracy and performance of generated answers
Project Management Semester Long Project - Acuity
Acuity is an innovative learning app designed to transform the way you engage with knowledge. Powered by AI technology, Acuity takes complex topics and distills them into concise, interactive summaries that are easy to read & understand. Whether you're exploring the depths of quantum mechanics or seeking insight into historical events, Acuity provides the key information you need without the burden of lengthy texts.
Programming Foundation Models with DSPy - Meetup Slides
Prompting language models is hard, while programming language models is easy. In this talk, I will discuss the state-of-the-art framework DSPy for programming foundation models with its powerful optimizers and runtime constraint system.
AI 101: An Introduction to the Basics and Impact of Artificial Intelligence
Imagine a world where machines not only perform tasks but also learn, adapt, and make decisions. This is the promise of Artificial Intelligence (AI), a technology that's not just enhancing our lives but revolutionizing entire industries.
Let's Integrate MuleSoft RPA, COMPOSER, APM with AWS IDP along with Slack
Discover the seamless integration of RPA (Robotic Process Automation), COMPOSER, and APM with AWS IDP enhanced with Slack notifications. Explore how these technologies converge to streamline workflows, optimize performance, and ensure secure access, all while leveraging the power of AWS IDP and real-time communication via Slack notifications.
Recently uploaded (20)
Digital Marketing Trends in 2024 | Guide for Staying Ahead
Digital Marketing Trends in 2024 | Guide for Staying Ahead
Deep Dive: AI-Powered Marketing to Get More Leads and Customers with HyperGro...
Deep Dive: AI-Powered Marketing to Get More Leads and Customers with HyperGro...
HCL Notes and Domino License Cost Reduction in the World of DLAU
HCL Notes and Domino License Cost Reduction in the World of DLAU
Introduction of Cybersecurity with OSS at Code Europe 2024
Introduction of Cybersecurity with OSS at Code Europe 2024
Ocean lotus Threat actors project by John Sitima 2024 (1).pptx
Ocean lotus Threat actors project by John Sitima 2024 (1).pptx
Presentation of the OECD Artificial Intelligence Review of Germany
Presentation of the OECD Artificial Intelligence Review of Germany
Generating privacy-protected synthetic data using Secludy and Milvus
Generating privacy-protected synthetic data using Secludy and Milvus
Driving Business Innovation: Latest Generative AI Advancements & Success Story
Driving Business Innovation: Latest Generative AI Advancements & Success Story
GraphRAG for Life Science to increase LLM accuracy
GraphRAG for Life Science to increase LLM accuracy
Programming Foundation Models with DSPy - Meetup Slides
Programming Foundation Models with DSPy - Meetup Slides
AI 101: An Introduction to the Basics and Impact of Artificial Intelligence
AI 101: An Introduction to the Basics and Impact of Artificial Intelligence
Let's Integrate MuleSoft RPA, COMPOSER, APM with AWS IDP along with Slack
Let's Integrate MuleSoft RPA, COMPOSER, APM with AWS IDP along with Slack
What is Bitcoins - an Introduction of Bitcoins
- 1. 1 Bit Coins – Can it pose challenge to Existing System? By Lokesh Aggarwal
- 2. 2 POPULAR OPINION ??? "Bitcoin is a technological tour de force." Bill Gates (Microsoft Co-founder) "I'm a big fan of Bitcoin … Regulation of money supply needs to be depoliticized. “ Al Gore (Former US vice president) "Every informed person needs to know about Bitcoin because it might be one of the world's most important developments." Leon Louw (Nobel Peace Prize nominee)
- 3. 3 BITCOINS, WHAT??? • Bitcoin is a form of Digital Currency • Created and held Electronically • Produced by lots of people running Computers all around the world using Software • Bitcoins aren’t printed like Dollars or Euros • Bitcoin client software called a Bitcoin Wallet allows a user to transact Bitcoins
- 4. 4 FATHER OF BITCOINS - Satoshi Nakamoto • Created the Bitcoins protocol and reference software • Published a paper on the Cryptography Mailing list in 2008 • Released the first Bitcoin software in 2009
- 5. 5 UNITS OF BITCOINS ??? • Bitcoin can be broken up into small fragments of 0.00000001 BTC, which is one hundred millionth of a Bitcoin. • This unit is called satoshi in homage to Bitcoin's creator. Satoshi is the smallest, atomic fragment of Bitcoin. • There are also two other subunits of Bitcoin, and those are called Millibitcoin (mBTC) and Microbitcoin (µBTC). • One Millibitcoin equals to 0.001 BTC, which is one thousandth of Bitcoin, or 100,000 Satoshis, or 1,000 µBTC. • One Microbitcoin equals to 0.000001 BTC, which is one millionth of Bitcoin, or 100 Satoshis, or 0.001 mBTC. • Microbitcoins are sometimes referred to as simply bits.
- 6. 6 FEATURES ??? Easy - Send Bitcoin from your computer, tablet, smart phone or other device, to anyone, anywhere in the world, day or night Secure - Bitcoin verifies transactions with the same state-of-the-art encryption that is used in military and government applications. Open - Bitcoin is open-source. Nobody owns it; the most popular client is maintained by a community of open-source developers. Fair - Using the Bitcoin network is free, except for a voluntary fee you can use to speed up transaction processing.
- 7. 7 USE IN CRIMINAL ACTIVITIES??? "Like cash, it can be used for ill as well as for good.” • Money laundering • Use in Black markets • Bitcoin theft • Malware • Unauthorized mining • Malware stealing Bitcoins
- 9. 9 LEGAL STATUS OF BITCOINS ??? Country Legal Country Legal Australia Yes Ecuador No Austria Yes Finland Yes Bangladesh No Germany Yes Belgium Yes Hong Kong Yes Bolivia No Iceland No Brazil Yes India Restricted Bulgaria Yes Indonesia Restricted Canada Yes Israel Yes China Restricted Japan Yes Colombia Yes Jordan Restricted Denmark Yes Kyrgyzstan No Source: - Wikipedia
- 10. 10 LEGAL STATUS OF BITCOINS ??? Country Legal Country Legal Lebanon Restricted Switzerland Yes Lithuania Yes Taiwan Restricted Malaysia Yes Thailand Yes Norway Yes Turkey Yes Philippines Yes United Kingdom Yes Poland Yes United States Yes Russia Restricted Vietnam Yes Slovenia Yes Singapore Yes South Korea Yes Source: - Wikipedia
- 11. 11 BITCOINS VS RBI ??? • On 24 December 2013, the Reserve Bank of India issued an advisory to the Indian public not to indulge in buying or selling of virtual currencies, including Bitcoin. • On 28 December 2013, the Deputy Governor of the RBI, K. C. Chakrabarty, made a statement that RBI had no plans to regulate Bitcoins. • The consolidated legal position in the month of August 2014 is that the legality of Bitcoin is in doubt in India. • ED believes that Bitcoins money can be used for hawala transactions and funding terror operations.
- 12. 12 Thank You!!!