So hi team today I talk about bitcoin before we move into Cryptocurrency we need to

know evolution of money :
there is some major stages through which money has
evolved 

(i) Commodity Money
In the earliest period of human civilization, common consent was used as money ,
Goods like furs, skins, salt, rice, wheat, utensils, weapons etc. were commonly used as
money.
Metallic Money
 With progress of human civilization, commodity money changed
into metallic money. Metals like gold, silver, copper, etc. 
Paper Money


 A cryptocurrency is a digital or virtual currency that is secured by cryptography,

**Simply Crypto Currency Means Digital Currency
**A medium of exchange like normal currencies
**Designed for the purpose of exchanging digital information
•Cryptography
–Used to secure the transactions
–Control the creation of new coins
*******
Why we use cryptocurrency
•Specially designed to take advantage of the architecture of the internet.
•No chance of being duplicate. No one can creating duplicates that is the main
advantage of crypto
•Transactions are checked, or “confirmed” by the computers of the users on the
currency's network.
•Open Source that means the volunteers worldwide they are contribute into bitcoin
technology.
*****
•For normal currencies the government controls the value of currency.
•Normal currency are limited only to its territory.
•But cryptocurrencies are fully decentralized.
•Low transaction fees to transfer money all over the world. The fee is same
independent of distance, country,borders.
•Most cryptocurrencies are produced and controlled by an algorithm that no single
person or company or country can change.

What is bitcoin - BTC ?

Bitcoin is a one of cryptocurrency .. in world lots of cryptocurrency like 10000crpto it is
one of cryptocurrency

Bitcoin is a decentralized digital currency, without a central bank or single
administrator, that can be sent from user to user on the peer-to-peer bitcoin network
without the need for intermediaries.

Bitcoin is not owned by an individual or
company. Bitcoin is the world’s first completely open payment network which anyone
with an internet connection can participate in. Bitcoin was designed to be used on the
internet, and doesn’t depend on banks or private companies to process transactions.


•Peer-to-Peer technology and no central authority or banks
•First ‘decentralized’ digital currency. They are digital coins you can send through the
internet.
•Managing transactions and issuing of bitcoins is carried out collectively by the network
•Open-Source, design is public, nobody owns or controls Bitcoin

Bitcoin is also new technology so it has three parts
the first one is it is decentralised - is
built by pear to pear network

Everyone knew about utorrent. it is application . In this we can download files , movies
anything for free . utorrent is also built by pear to pear network its simply say you have
multiple nodes or people . they want to share any files for free .so they can use it by
pear to pear network. example lets say if you have 4 people here or 4 nodes here like a
b c and d . if a and b have same music album and c want to that same album he can
download from a and b.
At a same time may be half album download from a and half
album from b. At the same time c Is also upload the album so d can download it. So
that’s how pear to pear works so we don’t need a any central server in
between this.

Bitcoins say no more banks you can transfer money one place to
another place without any bank by using pear to pear network…..

lets move into next one

the second one its maintain public ledger . In ledger we can maintain all the transaction.

the third one is proof of work …. how can you make sure the transaction is complete?
How can you authenticate?

So what can do with bitcoin you can sell product and you can buy product you can
convert bitcoin into real currency and you can convert real currency into bitcoin. Lets
say you can bitcoin 100rs its possible the smallest unit of bitcoin is called satoshi its 100
million satoshi is equal to 1 btc.

. If you want to see what about code format of bitcoin just go to GitHub you can see
the code GitHub.com/bitcoin
•21 million bitcoins issue. Out of 21 million supply circulation of bitcoin 19 million
bitcoin already mined now only 2 million bitcoin have been left to be mined . in 2009
the first block consisted of 50 bitcoins
now miners to earn 6.25 bitcoin for every new block subsequently.

**
History of Bitcoin.
•A software developer called Satoshi Nakamoto proposed bitcoin in 2009, the satoshi is
named after satoshi Nakamoto the anonymous person that published the white paper in
2008 that started the development of the bitcoin crypto currency. which was an
electronic payment system based on mathematical proof. The idea was to produce a
currency independent of any central authority, transferable electronically, more or less
instantly, with very low transaction fees.
•Smallest unit of Bitcoin is called “Satoshi”
•1 satoshi= 0.00000001 BTC
***2008

Idea was published under the pseudonym Satoshi Nakamoto

**2009

Start of the Bitcoin Network

**2010

Fist cryptocurrency stock exchange is launched

**2011

One Bitcoin equals one USD

**2013

1 Bitcoin equals
100 USD
**2014

Microsoft accepts Bitcoin

**2017

1 Bitcoin equals
10,000 USD
** 2021 its hit 65000$ now its trading around $45000 


Blockchain- what is blockchain ia series of block is called blockchain.
when I say
blockchain its contains data ,
In blockchain we have lot of blocks and every blocks will have hash 
in every block will
have hash of the previous block 
for example if have 5 blocks now so 2 blocks will have
hash of the 1 blocks, 3 blocks will have hash of the 2 blocks , 4blocks will have hash of
the 3 blocks , and this blocks are connected together with help of hash value .
now what is the advantage of this ?
already I said like once you created the blocks in
blockchain no one can change it is a advantage.
for example like if you change the data
in the block. the hash value also change as well
lets say if you have 5 blocks . for
example . you change the 2 block here . that case what will happen like
you change the data in 2 blocks . hash value also change as well. so it will affect the 3
blocks .

In every block we have transaction .it can be contain 1 transition or 1000 transaction
and then we want find the hash of block.

In real world when use credit card , when use debit card when you use online payment
we can actually get back the transaction so in bitcoin you can’t do that because don’t
have any central authority like bank so the only way to get your money back is like to
talking into that person please return my bitcoins to me that is only way you can get the
your bitcoin back. You cannot your money back but why what is happening behind the
scene so what happens lets say we have 100 transactions that 100 transaction becomes
part of block now this block becomes part of a blockchain .
in this world we have public
ledger. Every time you do a transaction that becomes a part of block, that block is
assigned to other blockchain. We have big blockcain there so your new block is attached
to this blockchain how can you guaranteed to your transaction is done.lets say after 1
hour we have more transaction so in that one hour in the globally you are completing
six blocks once you solved that 6blocks now you can guaranteed you are transaction is
complete that’s you trust the bitcoin world .
In blockchain the term called node it has two node one is full node and partial node.
Lets talk about full node first
The full node is basically a computer . which will have the entire blockchain . so the
current size of the blockchain is. 324 gigabytes today date which is 324 gb .so
everyday it will be increasing .
so all this data is stored on full node.
The full node has do one more task of verifying the nodes so 
first it will stored the
entire blockchain 
second it will verify the block which is getting added 
so every time
when new block added that time… this full node verify the entire blockchain …after
verify 
… it will stored it. 
so everyone confused about bitcoin vs blockchain 
bitcoin Is
an application of blockchain technology
BLOCKCHAIN Is the underlying datastructure, which can be used for many things,
including cryptocurrencies tis is the difference b/w bitcoin and blockchain.

Mining:
the real question who’s create bitcoin .the bitcoin is create by process called
mining. The question is 
what is mining ? And who will do mining?
So mining is done by miners
the question would be who’s are miners?
So miners basically mined the blocks
When talk about miners . Miners needs huge computing power , the huge computing
powers its like stack of CPUs and huge amount of GPUs . miners they use CPUs and
GPUs as well . And also you need electricity as well
you want to transfer money. lets
say for example person A send transfer money to person B In this case you are
transferring a bitcoin right in this case someone who will be analyse so if transfer bitcoin
person A to b every transaction will be a part of a block.
lets say in 5 seconds we have
100 transaction you can combine all the transaction into block. So lets say I do the
transaction . That transaction will be part of the big block . so that block is broadcast
into throughout the network for all the miners. Lets say 1000 miners in the world now
they all will be getting this block .So in this block will have lot of mathematical problems
or it will be having one big puzzle if you can solve the puzzle that is called as a mining.
what they will do like they will try to calculate they will solve the puzzle who is solve the
puzzle first he will win he will get bitcoin as reward . Currently you will getting 6.25 btc
per block transaction.so if you solve the puzzle you will get 6.25 btc this will change in
future .
how do generate bitcoin by mining so every time you solve the block you
generate new bitcoin so you will get the rewards of those bitcoin So you need huge
computer you cannot do it by your brain it will take lot of time . So you need a huge
computer and when you says computer means you need dedicated cpu and a gpu as
well so nowadays people buy Gpus to solve the problem they are called miners and
somemany peoples are doing mining around the world.



pow :
Every time change something in the blockchain and if you want to added the new
block its has to be validated , 
main advantages like blockchain will be stored not in
one machine , who’s participated in a blockchain network will have copy of
blockchain.