Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 24 views

    Blockchain Technology: Presented By:-P.Akhil Nayak 21R21A62B0 Cse-Cs-B

    Uploaded by

    Padya Akhil Sai Vamsi Nayak
    The document discusses the history and key concepts of blockchain technology. It outlines how the first blockchain network and cryptocurrency, Bitcoin, was created in 2008-2009 and grew rapidly in popularity through 2011 and 2013. It distinguishes between Bitcoin and blockchain, noting that blockchain is the underlying data structure that enables cryptocurrencies and other applications. Key features of blockchain technology discussed include building consensus without centralized control and creating an immutable record through distributed networks of participants acting as witnesses.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Blockchain Technology: Presented By:-P.Akhil Nayak 21R21A62B0 Cse-Cs-B

    Uploaded by

    Padya Akhil Sai Vamsi Nayak
    24 views11 pages
    The document discusses the history and key concepts of blockchain technology. It outlines how the first blockchain network and cryptocurrency, Bitcoin, was created in 2008-2009 and grew rapidly in popularity through 2011 and 2013. It distinguishes between Bitcoin and blockchain, noting that blockchain is the underlying data structure that enables cryptocurrencies and other applications. Key features of blockchain technology discussed include building consensus without centralized control and creating an immutable record through distributed networks of participants acting as witnesses.

    Original Title

    Akhil Nayak

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses the history and key concepts of blockchain technology. It outlines how the first blockchain network and cryptocurrency, Bitcoin, was created in 2008-2009 and grew rapidly in popularity through 2011 and 2013. It distinguishes between Bitcoin and blockchain, noting that blockchain is the underlying data structure that enables cryptocurrencies and other applications. Key features of blockchain technology discussed include building consensus without centralized control and creating an immutable record through distributed networks of participants acting as witnesses.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    24 views11 pages

    Blockchain Technology: Presented By:-P.Akhil Nayak 21R21A62B0 Cse-Cs-B

    Uploaded by

    Padya Akhil Sai Vamsi Nayak
    The document discusses the history and key concepts of blockchain technology. It outlines how the first blockchain network and cryptocurrency, Bitcoin, was created in 2008-2009 and grew rapidly in popularity through 2011 and 2013. It distinguishes between Bitcoin and blockchain, noting that blockchain is the underlying data structure that enables cryptocurrencies and other applications. Key features of blockchain technology discussed include building consensus without centralized control and creating an immutable record through distributed networks of participants acting as witnesses.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 11

    BLOCKCHAIN TECHNOLOGY

    PRESENTED BY:-
    P.AKHIL NAYAK
    21R21A62B0
    CSE-CS-B
    THE HISTORY OF BITCOIN

    2008 2009 2010 2011

    Idea was published Start of the Bitcoin Fist cryptocurrency One Bitcoin equals one
    under the pseudonym Network stock exchange is USD
    Satoshi Nakamoto launched
    THE HISTORY OF BITCOIN

    2013 2014 2017

    1 Bitcoin equals Microsoft accepts 1 Bitcoin equals


    100 USD Bitcoin 10,000 USD
    BITCOIN ≠ BLOCKCHAIN
    Is an application of Is the underlying datastructure,
    blockchain technology which can be used for many
    things, including cryptocurrencies
    BITCOIN ECOSYSTEM

    A public network in which anyone,


    including a malicious participant, can
    participate without restriction.

    Even though it is not organized by a central


    authority, it works!
    BITCOIN ECOSYSTEM

    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 malicious


    transparent data storage participants

    Decentralized, no need for Open to everyone


    intermediaries

    Consistent state across all


    participants
    CHALLENGES

    Energy consumption

    Scalability

    Money laundering

    Personal responsibility

    You might also like