Professional Documents
Culture Documents
Seminar
On
Block chain Technology
BBDNITM(054)
By:-
1. Abhinav Chowdhury (1605410006)
2. Kailash Chandra (1605410067)
3. Abhijeet Kumar Mishra (1605410005)
4. Amar Nath Chaudhary(1605410019)
5. Abhishek Anand (1605410007)
Outline
What is a Blockchain ?
Blockchain Cryptocurrency.
History of Bitcoin
Bitcoin Vs Blockchain
Bitcoin Ecosystem and its Working
Cutting the Middleman
Key Features
Building Consensus
Creating Witnesses
Blockchain Hashing
Merkle Tree in Blockchain
Application’s of Block-chain
Challenges
References
What is a Blockchain?
A block chain is a data structure, which is a growing list of
data blocks.
A blockchain is a growing list of data blocks that are linked
together.
The data blocks are linked together, such that old blocks
cannot be removed or altered.
Idea was published Start of the Bitcoin Fist cryptocurrency One Bitcoin equals
under the Network stock exchange is one USD
pseudonym Satoshi launched
Nakamoto
More Security
More
Participants
Increased
Bitcoin Value
Cutting the Middleman
If something is published on a
public blockchain, all
participants become witnesses.
2. It is a one-way function.
Merkle Tree in Blockchain
The concept of Merkle Tree is named
after Ralph Merkle, who patented the idea
in 1979.
It is a mathematical data
structure composed of hashes of different
blocks of data, and which serves as a summary
of all the transactions in a block.
Scalability
Money laundering
Personal responsibility
References