All you know about Bitcoin.

1. BITCOIN

2. History of currency
• Capital
• Metal
• Paper
• Plastic
• Crypto(Bitcoin)

3. BASIC
• Bitcoin is a crypto currency
• It’s basically digital asset designed to work as a
medium of exchange that uses cryptography
to control its creation and management,
rather than relying on central authorities.

4. FEATURES OF BITCOIN
• Bitcoin is a digital currency that is not tied to a
bank or government and allows users to
spend money anonymously.
• No single institution controls the bitcoin
network.
• It’s like an online version of cash. You can use
it to buy products and services, but not many
shops accept bitcoin yet.

5. Bitcoin public ledger
• All confirmed transaction from the start of
bitcoin creation are stored in a public ledger.
• This complete record of transaction is kept in
the block chain, which is a sequence of
records called blocks.
• As of late 2016 the complete ledger is about
107gbs of data.

6. HISTORY
• In November 1,2008, a man named Satoshi
Nakamoto posted a research paper to an
obscure cryptography listserv describing his
design for a new digital currency that he called
bitcoin.
• The idea of digital money – convenient and
untraceable, liberated from the oversight of
governments and banks – had been a hot
topic since the birth of the internet.

7. • Bitcoin did away with the third party by
publicly distributing the ledger, what
Nakamoto called the ‘block chain’.
• Users willing to devote CPU power to ruining a
special piece of software would be called
miners and would form a network to maintain
the block chain collectively.in the process,
they would also generate new currency.

8. BITCOIN MINER FARM

9. HOW DO PEOPLE GET
BITCOINS?
• You can buy bitcoin using ‘real’ money.
• You can sell things and let people pay you with
bitcoins.
• Or they can be created using a computer.

10. Bit coin price rose by 60% over a
month
• Bitcoin value rises over $1billion as japan
,russia move to legitimize crytocurrency
Japan passes a law to accept bitcoin as a legal
payment method .
Russia is reportedly looking into ways to
regulate bitcoin
Japan the largest bitcoin market in the world.

11. ADVANTAGES OF BITCOINS
• With bitcoin it is very possible to be able to
send and get money anywhere in the world at
any given time.
• you are in control of your money with bitcoin.
There is no central authority figure in the
bitcoin network.
• With the block chain, all finalized transaction
are available for everyone to see, however
personal information is hidden.

12. DISADVANTAGES
• Fact is many people are still unaware of digital
currencies and bitcoin.
• Bitcoin has volatility mainly due to the fact
that there is a limited amount of coins and the
demand for them increases by each passing
day.(21 million bitcoin)
• Bitcoin is still at its infancy stage with
incomplete features that in development.