BITCOIN

GMCS – Delhi
Virtual Batch No. 07

Presented By: Ishu

 Bitcoin
 Bitcoin is a cryptocurrency, based on
a blockchain technology
 Invented in 2008 but currency began
to use in 2009
 Invented by Satoshi Nakamoto
 Decentralised, designed to work as
medium of exchange in peer-to-peer
network.
 Total Supply ₿ 21 Million and in
ciculation is ₿ 18.35 Million
 In last 12 Years its value rose from $
0.10 to $ 50,000
 Cryptocurrenc Digital Form of Cash
y

Cryptography Currency

Method of storing data in a manner so that for

whom it is intended can read and process
 Blockchain

Block Chain

Database which stores the Linked Two or more blocks

Database(e.g.
Information which stores rail)
payment the Linked
usingTwo or more blocks
Cryptography
Information (e.g. payment rail) using Cryptography
 Payment Process
• In case of Normal Currency

A (India) Bank B (USA)

• In case of Cryptocurrency

Can send Without any intermediary

A (India) B (USA)
Advantages of Bitcoin
No intermediary is required

International Transactions Easier

Lower Transaction Fees

Greater Liquidity

Built in Scarcity
Disadvantages of Bitcoin
Transactions are Irreversible

Used For illegal activity

Highly Volatile
Thank
You