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  • IMO Model Course 3.11

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    Manny Vasquez
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    Bitcoin is a decentralized cryptocurrency created in 2008 by Satoshi Nakamoto. It has no central authority and uses peer-to-peer technology to operate with units of the Bitcoin being stored in a digital wallet. The value and use of Bitcoin has grown substantially since its creation with a current market capitalization of $80 billion and 300,000 daily transactions though its price fluctuates.

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    IMO Model course 3.11

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    Bitcoin is a decentralized cryptocurrency created in 2008 by Satoshi Nakamoto. It has no central authority and uses peer-to-peer technology to operate with units of the Bitcoin being stored in a digital wallet. The value and use of Bitcoin has grown substantially since its creation with a current market capitalization of $80 billion and 300,000 daily transactions though its price fluctuates.

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    22 просмотров22 страницы

    IMO Model Course 3.11

    Загружено:

    Manny Vasquez
    Bitcoin is a decentralized cryptocurrency created in 2008 by Satoshi Nakamoto. It has no central authority and uses peer-to-peer technology to operate with units of the Bitcoin being stored in a digital wallet. The value and use of Bitcoin has grown substantially since its creation with a current market capitalization of $80 billion and 300,000 daily transactions though its price fluctuates.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 22

    BITCOIN (BTC)

    A Primer
    Cryptocurrency Learning Solutions
    September 8, 2017
    What is Bitcoin?
    Created in 2008 by Satoshi Nakamoto
    Bitcoin is a Decentralized Electronic
    Cryptocurrency

    • No authority or bank controls it


    • Regulation is done peer-to-peer
    • Supported by a proof-of-work protocol
    Bitcoin Market Capitalization: $80B
    Bitcoin Daily Transactions: 300,000
    Bitcoin Price: $5,000.00/BTC
    Bitcoin Production will end at 21M in 2140
    Bitcoin vs Gold
    Bitcoin Countries
    Bitcoin Accepted Here
    Bitcoin is the Most Widespread
    Cryptocurrency
    Bitcoin Economy: How It Works
    Bitcoin Wallet
    Bitcoin Wallets provide the
    following functionality:
    • Storage of Bitcoin addresses and
    corresponding closed/open keys
    • Conduction transactions of
    obtaining and transferring
    Bitcoins
    • Providing information about the
    balance, prior transactions, and
    spare keys.
    Bitcoin Address
    • Bitcoin address is an identifier
    (account number),
    • Starting with 1 or 3 and containing
    27-34 alphanumeric Latin
    characters (except 0, O, I).
    • Address can be also represented as
    a QR-code
    • It is anonymous and does not
    contain information about the
    owner
    • Address example:
    14qViLJfdGaP4EeHnDyJbEGQysnCpwn1
    gZ
    Buying Bitcoin
    • After the opening Bitcoin
    address, you can start buying
    coins
    • There are several ways to buy
    Bitcoins:
    • Buying Bitcoin from individuals
    • Buying Bitcoin in exchangers
    • Trading on the stock exchanges
    • Sale of goods and services
    • Bitcoin mining
    Bitcoin Storage Methods
    Use of Bitcoin in Trade
    Advantages of Bitcoin payments
    • Impossible for buyer to commit
    fraud
    • Low tax
    • Ease of installation

    Disadvantages of Bitcoin payments


    • Bitcoin price volatility
    • Volatility in demand for Bitcoin
    Bitcoin Trading
    Young Bitcoin Millionaire
    Thank you
    Resources
    • http://en.bitcoinwiki.org/Main_Page

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