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Block Chain

The document discusses the history and key aspects of blockchain technology and bitcoin. It outlines how bitcoin value has increased since its inception in 2008 and how the blockchain acts as an underlying data structure. The document also notes some challenges of cryptocurrency like energy usage and volatility.

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Dipak Nandeshwar
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19 views10 pages

Block Chain

The document discusses the history and key aspects of blockchain technology and bitcoin. It outlines how bitcoin value has increased since its inception in 2008 and how the blockchain acts as an underlying data structure. The document also notes some challenges of cryptocurrency like energy usage and volatility.

Uploaded by

Dipak Nandeshwar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Blockchain

Technology
• In 2010, If you had
invested $100 in
bitcoin, you would be
a billionaire today.

• India has more than 10


crore traders in
cryptocurrency, which
is more than most of
the countries total
population
THE HISTORY OF BITCOIN
2008

Idea was published under the


pseudonym Satoshi Nakamoto
2009

Start of the Bitcoin Network


2010

First cryptocurrency stock


exchange is launched
2011

One Bitcoin equals one USD


BITCOIN BLOCKCHAIN

Is an application of Is the underlying data structure,


blockchain technology which can be used for many
things, including cryptocurrencies
WHAT IS A BLOCKCHAIN?

A blockchain is a growing list of data blocks that are


linked together.

Data Data Data

Reference Reference Reference


BITCOIN ECOSYSTEM

More Security

More
Participants

Increased
Bitcoin Value
CUTTING THE MIDDLEMAN

E.g. direct transfer of Bitcoins


KEY FEATURES
• Write-only

• Decentralized

• Open to everyone
CHALLENGES

• Energy consumption

• Highly Volatile

• Money laundering
Thank You

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