what is bitcoin?

1. Presentation
On
Bit-Coins

2. Contents:-
- What is Bitcoin?
- How to get Bitcoin?
- Bitcoin mining
- Bitcoin pool mining
- Bitcoin Transactions

3. About Bit-Coins:-
- Digital currency- created and held electronically.
- Not controlled by anyone
- Not printed like Rupees or dollar
- Used for buying goods.
- Produced by people.
- Location Independent

4. How to get Bit-Coin?
To solve mathematical problem on
specialized hardware by running
bitcoin software on it.
To buy it by exchanging rupee or
dollar or yen

5. Step 1:Choosing Hardware

6. - General Ledger - store all transactions.
- Connect your computer with Bit Coin Network and load list
of blocks.
- Allow you to join pool of miners.
- Miner solves Mathematical problem presented by software.
Step 2:Running Software on hardware

7. Step 3:Set up a bit coin wallet
 Like bank account.
 Have a unique address.
 Have a public key and private key used for encryption and
decryption during transaction.
 Use to store individual bitcoins.

8. Bit Coin Pool Mining
 Problems are hard.
 Miners work cooperatively.
 Share the bounty.

9. THANK YOU…..!!