Bitcoin4beginners
Download as PPTX, PDF0 likes380 views
The document outlines how Bitcoin operates as a decentralized currency, eliminating the need for intermediaries like banks through a peer-to-peer network. It describes the importance of blockchain technology in securely recording transactions and the process of mining new Bitcoin. The author emphasizes Bitcoin's growing global adoption and its potential to change financial systems.
Bitcoin4beginners
- 1. How BITCOIN changes the world Naoki Watanabe on April 19, 2016 April 21, 2016 1
- 2. WHAT’s THIS? April 21, 2016 2
- 3. UKRAINE NEEDS SUPPORT by BITCOIN April 21, 2016 3
- 4. I’ll tell you • What the bitcoin is • How it works • How it changes our life. to get you excited about the new currency! April 21, 2016 4
- 5. Central Bank Guarantee Currency • The bank of Japan publishes JPY. • If the bank of Japan goes bankrupt, JPY worth nothing. • Recall Zimbabwe dollar hyper inflation. April 21, 2016 5
- 6. Bitcoin is P2P, not Needs Central Bank. • You can pay without any intermediary, broker and bank. • Everyone shares and can seethe bookkeeping. • No commission on a transaction. • If you modify you bookkeeping, everyone else notice it. April 21, 2016 6
- 7. Every Transaction Recorded in Blockchain • The blockchain is the core technology of Bitcoin • It is the distributed database • A transaction is immediately broadcasted to the network • Every transaction is on https://blockchain.info/ April 21, 2016 7
- 8. Impossible to do Bad about Bitcoin • RSA-256 (cryptosystem, 1977) is used for every transaction. • It takes so long time to break. • Easy to see if a key works. • Bitcoin is based on the mathematics. April 21, 2016 8
- 9. New Coin Issued by Maintaining Blockchain • By working on hard calculation, a reward is payed. • This is called mining. • Severe race to get a reward. April 21, 2016 9
- 10. Bitcoin Used More Widely in the World • Log scale of the number of bitcoin transactions • In 2008, Satoshi Nakamoto published a paper. • In 2009, the first bitcoin issued. • In 2013, the first ATM in Vancouver, Canada. • In 2015, 25 US states have exchanges run by coinbase. April 21, 2016 10
- 11. BITCOIN Changes our Life April 21, 2016 11
- 12. IBM & Microsoft Help Blockchain Business https://news.bitcoin.com/microsoft-ibm-declare-blockchain-open-business/, February 17, 2016 April 21, 2016 12
- 13. Conclusion • Bitcoin is the Unprecedented Currency. • Get Excited bitcoin changing the World ! April 21, 2016 13