bitcoin ( digital currency)
Post on 08-Jan-2017
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NAME : PRIYANKA JAINROLL NO. : 319EPSILON
EVOLUTION
WHAT IS BITCOIN? Digital Currency Open source medium Divisible down to 0.00000001 BTC Max. 21 million can be issued No govt. control
WHO CREATED IT?
SATOSHI NAKAMOTO
HOW DOES THE BITCOIN WORK?
BITCOIN MINING
BITCOIN IN THE PERFECT WORLD~ All electronic Fast transactions Low cost transactions No third party trust is required Decentralized Can be used to buy any products or
services.
NEGATIVE IMPACTS Money laundering Terrorism No government control Money loss
BITCOIN IN INDIA ! Provides great benefits like lower
transaction fees, no chargebacks , easy payments etc..
Widely used in e-commerce 1 UNOCOIN = 39401 RUPEES
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