2. “Bitcoin is exciting because it shows how cheap it can
be. Bitcoin is better than currency in that you don’t
have to be physically in the same place and, of course,
for large transactions, currency can get pretty
inconvenient.”
Bill Gates
Co-founder of Microsoft, investor and philanthropist
6. virtual currencies
Remittances
Future
alternative currencies
Micro
Payments
digital currencies,
Mobile
Branches
• A crypto currency is a medium of exchange using
cryptography to secure the transactions and to control
the creation of new units.
• Cryptocurrencies are a subset of alternative currencies or
specifically of digital currencies.
• Bitcoin became the first decentralized cryptocurrency in
2009.
• Cryptocurrencies typically feature decentralized control
8. Decentralization
Decentralization is the process of distributing or dispersing
functions, powers, people or things away from a central location or
authority.
The system does not require a central authority
keeps an overview of cryptocurrency units and their
ownership
defines whether new cryptocurrency units can be created
Ownership of cryptocurrency units can be proved
exclusively cryptographically
9. Digital Assets
A digital asset, in essence, is anything that
exists in a binary format and comes with
the right to use. Data that do not possess
that right are not consideredassets.
Digital Identity
Digital identity is the network or Internet
equivalent to the real identity of a person
or entity (like a business or government
agency) when used for identification in
connections or transactions from PCs, cell
phones or other personal devices.
Smart Contract
A smart contract is a computer protocol
intended to digitally facilitate, verify, or
enforce the negotiation or performance of
a contract. Smart contracts allow the
performance of credible transactions
without third parties
12. A blockchain is a public ledger
of all cryptocurrency
transactions. Developed for
Bitcoin, its uses are spreading
to all sorts of commercial
applications.
blockchain is just a new
form of decentralized
database.
16. Only 0.5% of the world’s population is using
blockchain today, but 50% or 3.77 billion people
use the internet.
01
IBM dedicates $200 million and 1,000 employees to
blockchain-powered projects. The average investment in
blockchain projects is $1 million
02
The global blockchain market is expected to
be worth $20 billion by 2024.
03
04 It is estimated that banks could save $8-12
billion annually if they used blockchain
technology.
17. Bitcoin: A Peer-to-Peer Electronic Cash System
Satoshi Nakamoto
satoshin@gmx.com
www.bitcoin.org
2009
25. Transactions
Individuals and merchants can elect to
receive bitcoins as payment for goods
and services rendered or for peer-to-
peerpayment transfers.
Mining
Miners are the backbone of the Bitcoin
ecosystem. They receive monetary
rewards
in bitcoin for the services they provide
for the network. This includes solving
the algorithms necessary to process
transactions, which helps to secure the
network and keep it running smoothly.
Digital Currency Exchanges
A digital currency exchange operates in a
similar fashion to traditional fiat currency
exchanges, allowing individuals to buy and
sell bitcoins at the prevailing market rate.
The exchange rate of bitcoins fluctuates
based on demand, liquidity and various other
market conditions.
Bitcoin ATMs
Bitcoin ATMs are an increasingly popular
solution for buying the digital currency
because of their convenience and simplicity.
Making a transaction at a bitcoin ATM is
pretty straightforward. ATM users first verify
their bitcoin wallet by scanning a QR code
on their smartphone. They then insert cash
into the ATM and submit to complete the
transaction. The appropriate amount of
bitcoins are then transferred to their wallet
based on the current exchange rate.
29. Transactions in last 24h
1.6 M
Transactions per hour
70 K
Largest Transactions
300 M
30.
31. “
Mining is the process of
adding transaction records to
Bitcoin's public ledger of past
transactions.
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рrооf of wоrk, уоu gеt a mіnіng
rеwаrd. Thе number оf Bіtсоіnѕ іn
thе reward depends on a number
оf fасtоrѕ ѕuсh аѕ соmрlеxіtу of
thе problem. Fоr you to mаkе
mоrе money уоu hаvе tо ѕоlvе
mаnу problems. Yоu аlѕо nееd to
have hіgh-ѕрееd computers tо
еnаblе you to solve аѕ mаnу
рrоblеmѕ as роѕѕіblе.
34. Coinhive offers a JavaScript miner for the Monero
Blockchain (Why Monero?) that you can embed in your
website. Your users run the miner directly in their Browser
and mine XMR for you in turn for an ad-free experience, in-
game currency or whatever incentives you can come up
with. grant video streaming time