.

2. Bitcoin
Satoshi Nakamoto
Bitcoin protocol
Bitcoin-Qt
metzdowd.com
2008

3. So what is Bitcoin???
First decentralizeddigital currency

5. Instant peer-to-peer transactions

6. No Bank or Clearing House

7. Zero or low Processing fees

8. Worldwide payments

9. Accounts cannot be frozen

10. No prerequisites and No arbitrary limits

12. Bitcoin Miner

14. How it works???

15. So how is Bitcoin mined??
Bitcoins act as a peer to peer network
Everyone how uses Bitcoin has a tiny fraction of bank of
Bitcoin``

19. Bitcoin Miner

20. Miners have to approve the
transactions.
More miners = More secure network

21. Bitcoin Mining Hardware

22. Pooled Mining

24. How do I use it??

25. Bitcoin Wallet

26. Bitcoin Blockchain

39. How can I acquire Bitcoins ??

40. How much it is worth??
$811

42. Worlds 1st Bitcoin ATM
-Vancouver, Canada

43. Mining Hardware
Neptune integrated
Bitcoin Mining Rig

47. Mobile Send Mobile Receive

49. The downside of Bitcoins
Silk Road (marketplace)
online black market
Amazon.comof illegal drugs
e-Bay for drugs
On 2 October 2013, the FBI shut down Silk Road

50. Single largest Bitcoin wallet on the internet?

53. •Transactions- transfer of value between Bitcoin wallets
•Digital signature: private key / seed
•Mining: distributed consensus system
•confirm waiting transactions
•enforces a chronological order
•protects the neutrality of the network
•transactions must be packed in a block that fits very strict
cryptographic rules
•individuals cannot control what is included in the block chain
•no roll back of the block chain

54. •Triple Entry Accounting

58. • Banks cannot shutdown bitcoins

59. World Map