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Bitcoin

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Bellaj Badr
Bellaj Badr

What is Bitcoin, why it succeed? How it works? How developers could integrate Bitcoin payment to their systems The video in the slides is available at : https://www.youtube.com/watch?v=W0qn3oPYo5c

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1 of 15
Let’s Connect • BELLAJ BADR • @badrbellaj • Github.com/bellaj BITCOIN
Whoami +15 talk Blockchain specialist & technical Advisor. +20 projects First Bitcoin mined in 2011 IOT Security solution based on Blockchain/BTC.
History (Context) In November 2008 Ecashanonymous cryptographic (DIGICASH Inc.) ‘1983-1998’ hashcash, a proof-of-work scheme for spam control bit gold (distributed digital) Bit gold was never implemented (Nick Szabo) E-gold‘1996- 2007’ ‘2006-2013’ 2008, financial crisis : Best time for Bitcoin
Bitcoin Can Not Be Controlled; It's Unstoppable!
Bitcoin, the world’s first decentralized digital currency. Peer to Peer (No middle authority)
Bitcoin
“peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” Satoshi Nakamoto Bitcoin began as a P2P electronic cash system
Bitcoin System Features • Pseudo- anonymity (addresses are public but the holder remains hidden) • Secure by design (Cryptography : Cryptocurrency, hashrate) • Privacy preserving (No Sign-Up Required, etc) • Transactions are Irreversible (no chargeback) • Easy to use (Qr code, online wallet) • No intrinsic value, No physical form, No central bank • No double-spending problem (Cheating or Counterfeiting). • No Central Authority • Low Cost transactions (depends on the size not on the amount send 10$ is like 10M$). • Transparent blockchain.
How it works?! • Blockchain based Miner would dedicate computer power to solving cryptographic puzzles
Bitcoin
Bitcoin
3.5B$ transferred. The simplest of all payment systems
FOR DEVELOPERS • Bitcoin core (C++) • Bitcoin clients or Implementations : BITCOINJ, BITCOINJS…. • Third party API and online wallets: blockchain.info, Coinbase…. • Bitcoin Payment Gateway API : bitpay, GoURL.. • You can be your own financial system • Most of the security is on client side
Meetup and Conference • MCHAIN 2017 : Blockchain and cryptocurrency international conference. • Upcoming Blockchain Meetup : https://goo.gl/HLtr2d
BITCOIN IS The future Questions?

More Related Content

Bitcoin

  • 1. Let’s Connect • BELLAJ BADR • @badrbellaj • Github.com/bellaj BITCOIN
  • 2. Whoami +15 talk Blockchain specialist & technical Advisor. +20 projects First Bitcoin mined in 2011 IOT Security solution based on Blockchain/BTC.
  • 3. History (Context) In November 2008 Ecashanonymous cryptographic (DIGICASH Inc.) ‘1983-1998’ hashcash, a proof-of-work scheme for spam control bit gold (distributed digital) Bit gold was never implemented (Nick Szabo) E-gold‘1996- 2007’ ‘2006-2013’ 2008, financial crisis : Best time for Bitcoin
  • 4. Bitcoin Can Not Be Controlled; It's Unstoppable!
  • 5. Bitcoin, the world’s first decentralized digital currency. Peer to Peer (No middle authority)
  • 7. “peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” Satoshi Nakamoto Bitcoin began as a P2P electronic cash system
  • 8. Bitcoin System Features • Pseudo- anonymity (addresses are public but the holder remains hidden) • Secure by design (Cryptography : Cryptocurrency, hashrate) • Privacy preserving (No Sign-Up Required, etc) • Transactions are Irreversible (no chargeback) • Easy to use (Qr code, online wallet) • No intrinsic value, No physical form, No central bank • No double-spending problem (Cheating or Counterfeiting). • No Central Authority • Low Cost transactions (depends on the size not on the amount send 10$ is like 10M$). • Transparent blockchain.
  • 9. How it works?! • Blockchain based Miner would dedicate computer power to solving cryptographic puzzles
  • 12. 3.5B$ transferred. The simplest of all payment systems
  • 13. FOR DEVELOPERS • Bitcoin core (C++) • Bitcoin clients or Implementations : BITCOINJ, BITCOINJS…. • Third party API and online wallets: blockchain.info, Coinbase…. • Bitcoin Payment Gateway API : bitpay, GoURL.. • You can be your own financial system • Most of the security is on client side
  • 14. Meetup and Conference • MCHAIN 2017 : Blockchain and cryptocurrency international conference. • Upcoming Blockchain Meetup : https://goo.gl/HLtr2d
  • 15. BITCOIN IS The future Questions?

Editor's Notes

  1. ecash was conceived by David chaum as an anonymous cryptographic Emoney or electronic cash system in 1983. October 31, 2008 : The white paper is published November 9, 2009: The Bitcoin Project hits SourceForge January 3, 2009 :The Genesis Block is mined
  2. The fee amount depends on the data size of the transaction. A typical transaction is 500 bytes and carries a fee of 0.0001 BTC.
  3. Nodays ‘2017’ btcoin transaction Volume : Transactions last 24h304,045 Transactions avg. per hour12,669
  4. Testnet Regnet mainnet
  5. It is already the present