Introduction to Cryptocurrency(Bitcoin).
- 2. Contents • What is Cryptocurrency? • History • Major Cryptocurrency • Price Graph • How to get Some? • Where Bitcoins are Stored? • How Bitcoins are Mined? • Bitcoin Facts
- 3. What is Cryptocurrency? A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. + + =
- 4. History • On August 18, 2008, an unknown person or entity registered the Bitcoin.org domain. • On October 31st, 2008, “Bitcoin: A Peer-to-Peer Electronic Cash System” was posted to a cryptography mailing list, published under the name “Satoshi Nakamoto”. • On January 8th, 2009, the first version of Bitcoin is announced, and shortly thereafter, Bitcoin mining begins.
- 5. Major Cryptocurrencies • Bitcoin • Litecoin • Ethereum • Ripple • Monero • Dash • Zcash
- 6. Bitcoin Price Index(Jan,2016 – Mar,2018)
- 7. Bitcoin Price Index(Jan,2016 – Mar,2018) HOW TO GET SOME?
- 8. Four Ways: • In Exchange of Virtual Currency • In Exchange of Products and Services • In Exchange of other Cryptocurrencies • By Mining
- 9. In Exchange of Physical Currency
- 10. In Exchange of Products and Services
- 11. In Exchange of other Cryptocurrencies
- 12. By Mining
- 13. By Mining WHERE BITCOINS ARE STORED?
- 14. Wallets • Hardware Wallets • Hot Wallets
- 15. Hardware Wallets • TREZOR • KeepKey • Ledger Nano S
- 16. Hot Wallets • Green Address • Breadwallet • Airbitz • GreenBits • Electrum
- 18. How Bitcoin Mining Works Miners use Special Softwares to solve Difficult Mathematical Equations and issued certain amount of Bitcoins in Exchange.
- 19. Using Normal PCs
- 20. Using PCs with Graphic Cards
- 25. Softwares used to mine Bitcoin • Bitcoin Miner • BTC Miner • CG Miner • Easy Miner • BFG Miner
- 26. Bitcoin Facts • The first Bitcoin purchase was for pizza. • Some even suggest that Samsung, Toshiba, Nakamichi, and Motorola together created Bitcoin. “Satoshi Nakamoto”: Samsung and Toshiba — Satoshi Nakamichi and Motorola — Nakamoto • There will only ever be 21 million bitcoins.
- 27. THANK Y U.