THE APES

Blockchain
HNOLOGY
TEC

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IS T N DI
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Evolution of Money

BARTERING GOLD METAL PAPER PLASTIC E MONEY CRYPTO-

COINS MONEY CARDS CURRENCY
What is A Digitally Encrypted Currency

Cryptocurrency? that is sometimes called "Crypto"

EXAMPLES:
01 BITCOIN

02 ALTCOIN
- Litecoin (LTC)
- Binance Coin (BNB)
- Ethereum (ETH)
> Second Largest Market
BENEFITS OF CRYPTOCURRENCY
THAN FIAT
Can't be torn apart
Can transact any amount
More Divisible
Cannot be counterfeited
Has a predictable supply
BLOCKCHAIN
Is described as a computer file
used for storing data and in the
digital world it is referred to as
an open or distributed database
system. Also, the blockchain system
is decentralized because the
distribution of data occurs
throughout several computers.
History of Blockchain
It was described in 1991 by the
research scientist Stuart Haber and W.
W.Scott Storn Scott Stornetta. In order to prevent
etta
backdating or tampering, they sought
to create a computationally feasible
method for time-stamping digital
documents. To store the time-stamped
papers, they create a system based on
Stuart Haber the idea of a cryptographically
secured chain of blocks.
History of Blockchain

However, it went by mostly

unused until it was adapted
by Satoshi Nakamoto in 2009
to create the digital
Satoshi
cryptocurrency "Bitcoin".
Nakamoto
HOW IT WORKS
PAUL MARDIE CHARLES
CHARLES ALY
PAUL MARDIE ALY

DATE: 02/03/1997

DATE: 05/08/2002

DATE: 12/21/2010

DATE: 05/03/2019

TIME: 8:13

PM TIME: 1:25

PM TIME: 4:35

PM TIME: 10:45

AM
 How is

Data S tored
in a
 e Picture
Exampl
of how
Data is Stored
 ockchain
Bl
is stored
on com p u t er s in a
network c alle d
"Node".
TWO TYPES ON
NODES Full Nodes
01 It contains all the transaction
information in the entire block
chain.

Light Nodes
02 It stores the blocks that only
contains recent transactions.
 of
Con
k
t
c
e
h
n
a
t
in
Bloc

The ligh t bl u e p ar t of
block is ca lled "D a ta "
e y ou ca n se e the
This is wher
n info rm ation .
transactio
EXAMPLE OF DATA

MARIA JHONNY
SENDER RECEIVER

MONEY BEFORE:1,250.00 HIS BALANCE BEFORE:1,500.00

MONEY SENT: PHP 1,000.00 MARIA SENT PHP 1,000.00
TO YOUR ACCOUNT. YOUR NEW
NEW BALANCE: PHP 250.00
BALANCE IS PHP 2,500.00
DATE: 11/03/22
TIME: 12:40
 of
Con
k
t
c
e
h
n
a
t
in
Bloc

The ora ng e p a rt of
block is ca lle d "H as h"
fin ge rp rin t that
This is like a
ilar in un iqu en es s.
is sim
HASH All of the blocks has a
hash which is been
calculated when the
block enters the ledger.
This is very useful
because you can
detect the changes of
each Blocks.
 of
Con
k
t
c
e
h
n
a
t
in
Bloc

pa rt of th e block
The Yellow
called "Previ ou s H as h"
re" the block chain.
To "Secu
Sample of Previous Block
KEY FEATURES OF BLOCKCHAIN
01 Immutability
Immutability is undoubtedly one of the key features of
blockchain technology that works perfectly. Immutable
means unalterable or unchangeable. In the blockchain,
you cannot do the mutation of ledgers.

02 Decentralized
The single network contains all the information which
makes the managing of entities quite easy. There is no
concept of a centralized system in the blockchain which
means no single authority has the entire control. A
Blockchain network is one of the most powerful ways to
move the web towards decentralization.
KEY FEATURES OF BLOCKCHAIN
03 Transparency
Enabling transparency of data is the biggest promise of
blockchain properties. Blockchain is transparent and
provides an authentic ledger of actions and
transactions in all aspects.

04 Concensus
Every blockchain technology has a consensus
algorithm which makes the blockchain technology
highly effective. All the actions are verified and
approved on the blockchain using the consensus
algorithm.
KEY FEATURES OF BLOCKCHAIN
05 Smart Contract
A set of principles called a smart contract, stored on the
blockchain helps to avoid the long processes. You can
execute this smart contracts system on the chain
automatically and can define the conditions for
corporate bond transfers.

06 Faster Settlement
Unlike traditional banking systems, which require a lot of
time in settling processes that might take days to
proceed. One of the top key elements of blockchain
includes quick settlement. In simpler words, this
technology removes the mediator to intercept
transactional efficiency and speed.
 What are the
AN D W EAKNESSES?
STRENGTHS
Of
 STRENGTHS
01
Improved Transactions occurring
Accuracy through the blockchain
system are accurate by a
network consisting of
several computers. This
removes the human error
chances in the verification
step and provides more
accurate data.

02
Cost
Blockchain removes the use
Reduction of an intermediary or third
party in the transaction and
the expenses associated with
it. Companies have to
consume only a small amount
by receiving payments
through credit cards.

03 Decentralized The information stored is not in the

System central position. But it is spread
through a network of computers.
When a block is added to the
blockchain then a computer in the
network reports changes in the
blockchain. It also reduces the
tempering effect as information is
spread in an open system. In the
case of hacking activity, only one
file can be at risk, not the whole
information.
 WEAKNESSES
01
Illegal Although blockchain technology
Activities ensures or provides a guarantee
of secure transactions by avoiding
hacking or information theft it
also gives a way of performing
illegal activities. Such as the silk
road known as the dark web. This
site allows users to check and
browse the website without
tracking and make illegal trading.
02 Hacking An attacker—or group of
attackers—could take over a
blockchain by controlling a
majority of the blockchain's
computational power, called its
hash rate. If they own more
than 50% of the hash rate, they
can introduce an altered
blockchain in what is called a
51% attack.
How does blockchain technology help society
to grow? or how does it revolutionize us?

Blockchain provides security,

transparency, and trust among all
users in the network.
It also provides cost-effective and
efficient methods of data recording
and sharing.
Blockchain is an especially promising
and revolutionary technology because
it helps reduce security risks, stamp
out fraud and bring transparency in a
scalable way
What will be the impact of blockchain
technology in the future?

Blockchain technology has the potential to impact

all recordkeeping processes, including the way
transactions are initiated, processed, authorized,
recorded, and reported. Changes in business
models and business processes may impact back-
office activities such as financial reporting and
tax preparation.
It will create a trusted, unfilterable, uncensorable
repository of data and information that is
accessible worldwide. It is this characteristic that
will drive the creation of the third generation of
the internet. And this is why the blockchain is the
future of the internet.
 THE APES

Blockchain
HNOLOGY
TEC

Z
UE
IG
CA

DR
BA

RO
RO

N &
,C O
AP N
IS T N DI
RA M O
NO
, G A R C , M I G U E L,
IA