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    Bitcoin - A Beginner's Guide: Amos Christian Sarcina

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    Amos Christian Sarcina
    Bitcoin is a digital currency that uses blockchain technology to allow for fast, decentralized, and secure peer-to-peer transactions without intermediaries. Blockchain works by having a global network of computers validate transactions through solving mathematical puzzles, creating an immutable record of transactions. While Bitcoin offers advantages like decentralization, it is also highly volatile and risky due to fluctuations in its value.

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    Bitcoin - A Beginner's Guide: Amos Christian Sarcina

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    Amos Christian Sarcina
    61 views15 pages
    Bitcoin is a digital currency that uses blockchain technology to allow for fast, decentralized, and secure peer-to-peer transactions without intermediaries. Blockchain works by having a global network of computers validate transactions through solving mathematical puzzles, creating an immutable record of transactions. While Bitcoin offers advantages like decentralization, it is also highly volatile and risky due to fluctuations in its value.

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    Bitcoin is a digital currency that uses blockchain technology to allow for fast, decentralized, and secure peer-to-peer transactions without intermediaries. Blockchain works by having a global network of computers validate transactions through solving mathematical puzzles, creating an immutable record of transactions. While Bitcoin offers advantages like decentralization, it is also highly volatile and risky due to fluctuations in its value.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    61 views15 pages

    Bitcoin - A Beginner's Guide: Amos Christian Sarcina

    Uploaded by

    Amos Christian Sarcina
    Bitcoin is a digital currency that uses blockchain technology to allow for fast, decentralized, and secure peer-to-peer transactions without intermediaries. Blockchain works by having a global network of computers validate transactions through solving mathematical puzzles, creating an immutable record of transactions. While Bitcoin offers advantages like decentralization, it is also highly volatile and risky due to fluctuations in its value.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 15

    Bitcoin – A beginner’s guide

    Amos Christian Sarcina


    What are Bitcoins?
    • Digital currency
    • Indipendent
    • Volatile
    Main features
    of Bitcoins:

    - Fast transfers
    - Decentralized
    - Secure
    Main features
    of Bitcoins:

    - Fast transfers
    - Decentralized
    - Secure
    Main features
    of Bitcoins:

    - Fast transfers
    - Decentralized
    - Secure
    Main features
    of Bitcoins:

    - Fast transfers
    - Decentralized
    - Secure
    How Bitcoins works?
    Blockchain!
    Blockchain
    explained in 3 steps
    1)

    Bitcoins uses a decentralized


    blockchain to record and verify
    transactions. The blockchain is
    maintained by a network of computers
    (nodes) spread worldwide, eliminating
    the need for a central authority.
    Blockchain
    explained in 3 steps
    2)

    The blockchain relies on a consensus


    mechanism, where miners (computers)
    compete to solve mathematical puzzles
    to validate transactions. This ensures
    agreement on the order and validity of
    transactions, making the network
    secure against tampering.
    Blockchain
    explained in 3 steps
    3)

    These steps creates an immutable and


    transparent system for conducting
    secure peer-to-peer transactions
    without the need for intermediaries.
    Once transactions are verified and
    added to the blockchain, they become
    permanent and nearly impossible to
    alter.
    The History of Bitcoin:
    2008 2009 2010 2011
    The idea was published
    Start of the First cryptocurrency stock One Bitcoin
    under the pseudonym
    Bitcoin Network exchange is launched equals one USD
    ‘’Satoshi Nakamoto’’
    Conclusion
    Bitcoin investment is risky due to
    its volatile nature. Fluctuations in
    its price are unpredictable, and
    profit is not guaranteed.

    Despite this, Bitcoin has the


    potential to revolutionize the way
    we conduct transactions and store
    value.
    value of bitcoin over time(coindesk.com)
    Conclusion
    Bitcoin offers decentralization,
    security, and transparency.

    However, it's important to be aware


    of the risks and challenges involved.
    By understanding the basics
    covered in this presentation, you'll
    be ready to explore the world of
    Bitcoin further.
    References:

    https://bitcoinmagazine.com/

    https://bitcoin.org/

    https://www.newyorker.com/tag/bitcoin

    https://www.vecteezy.com/ (images)

    Amos Christian Sarcina

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