Module 7:

Attains and
cryptocurrency
Ecosystem -

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History Al twinsin
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* A Few Bitcoin
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some
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average schedule of
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to

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allocation
allocate initial currency
the
mine
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→
Developers may
currency emitting
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to
to allocate
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owner
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currency
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widely

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community
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comparing
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altioias -

value of public
multiplying
the price
by
Corporation the
total
number of
of share by
shares outstanding .

Price of individual
Total
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$1 total
.

✗
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units
In 2020 , Bitcoin of q
the
Market -

currency of
Detain { } attain thought
to be wnloknlatim

By this Metric, ③④ -
Bitcoin -
amounts

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mim#:- ✓

same
use
alkoins
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→ two

them ,
how much mining
compare all the
possessed by
the
is called
power this
miners .

alboin 's
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hash late
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mining
since
based puzzle
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as .

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problem

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mining puzzle
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difficult compare
since
moth
different mining puzzles ,

leml of puzzle
the
difficulty also hardware used
and
changes
for miming
also changes
.

Unique mining
→
Alboin -

information
--

purple
-

gives following indicates

biking
joined }
(1) have
more participants
A
→

→
up gradation equipment
}
§
more

powerful
power
mining
-

② Loss of
alkeoins
→
adiaudened the
miners
some
by
 allure otherwise ÷
loughrey
-

volume
rate I Exchange
Exchange third-party
on
various taek ring
-

is a
measure of
exchanges in albion
Interest
.

and
be measured by
This can
merchants
-

how many
finding processors support
and payment
alburhs .

lieu of
Biteoib-alkoin_
Thy
interactions : -

Bitcoin 6
between
Relationship since they
alboin is complicated
to
,

do Ohlone

all offer
a
way
payments .

betaine
One can
dominate g
'
Network effects?
 User convert
can
cryptocurrency
one
→
Vendors more
another accept
into
!
.

which means

than one
cryptocurrency more

cryptocurrencies
can
multiple
thrive
exists and Wipro
-

easily to
exhibits
-

relatively
low
currencies
lists
switching
.

increases ,

attains
the : Nameain
→
some of the
Bitcoin , eg =

the usefulness of
unique feature
altwon has
→
Each
distinct reason for existing .

which
to

-funeh-ondi h g
bitcoin -
alboin trying
Eg : -

as

achieve same 4
Bitcoin but
in a
different
manner
efficient
.

more
~
 :
References
-

I. ,
A. Bonneau,
Narayanan , ,

A. , and Goldfeeler ,

Miller
Felten, E. ,
,

S .
Coolio) .
Bitcoin
and
Cryptocurrency
introduction
comprehensive
technologies
: a

Press
Princeton University
.