BLOCKCHAIN TECHNOLOGY

Presented By :- Suryansh Pathak

Akash Mishra
Aakash Gautam
THE HISTORY OF BITCOIN
200 201 201
200
9 0 1
8
Idea was published Start of the Fist One Bitcoin equals
Under the Bitcoin cryptocurrency one USD
pseudonym Network stock exchange
Satoshi Nakamoto is launched

2017
2018
2014
2013
Bitcoin1maintained
1Microsoft
Bitcoin
Bitcoin its
isaccepts
equals
equals
slow100
pace in this
Bitcoin
10,000
USD USD year

20192022
- 2021

Since November
These year2022,
didn’t
Bitcoin slow
has struggled
Bitcoin’swith
the restdowntrend
of market
BITCOIN ≠ BLOCKCHAIN
Is an application of Is the underlying
blockchain datastructure, which can
technology be used for many things,
including cryptocurrencies
WHAT IS A BLOCKCHAIN?
A blockchain is a growing list of data blocks that are linked together.

Data Data Data

Reference Reference Reference

BITCOIN ECOSYSTEM
More
Security
A public network in which anyone,
including a malicious participant, More
can participate without restriction. Participants

Even though it is not organized by

a central authority, it works!

Increased
Bitcoin
value
BIT

More
Security
More
Participants

Increased
Bitcoin
Value
CUTTING THE MIDDLEMAN

E.g. direct transfer of

Bitcoins
BUILDING CONSENSUS

After a finite time, all

participants agree on a
single state.

E.g. on who owns how

many Bitcoin.
CREATING WITNESSES

If something is published
on a public blockchain,
all participants become
witnesses.

This is used, for

example, by
OriginStamp to create a
secure timestamp for
documents.
KEY FEATURES

Write-only, immutable, Resistant against

transparent data storage malicious participants

Decentralized, no need Open to everyone

for intermediaries

Consistent state across

all participants
CHALLENGES

Energy consumption

Scalability

Money laundering

Personal responsibility