3. The history of Bitcoin
Idea was published under the name of
Satoshi Nakamoto
2008
Start of the Bitcoin Network
2009
First cryptocurrency exchange is launched
2010
One Bitcoin is equals one USD
2011
6. Features
Cutting the middleman. E.g. direct transfer of Bitcoin
Building Consensus. Afer a finite time, all participants agree on a single state. E.g.
on who owns how many Bitcoin
Creating Witnesses. If something is published on a public blockchain, all
participants become witness. E.g. OriginStamp create a secure timestamp for
documents.
7. Key Features
• Write-only immutable, transparent data storage
• Decentralised, no need for intermediaries
• Consistent state acress all participants
• Resistant against malicious participants
• Open to everyone