Blockchain .pptx
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What is Blockchain? Advantages of Blockchain Working of Blockchain Challenges Blockchain Blockchain in Bitcoin Satoshi Nakamoto brief intro Blockchain Mining Need & Types of Blockchain Mining
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Blockchain .pptx
- 1. BLOCK CHAIN
- 2. Group Members : Riya Kumari Ankita Ojaswi Ujjwal Kumar Rishi Prakash Manish Kumar
- 3. What is Blockchain ? • A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network. • These blocks are linked using cryptography. • Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
- 4. Advantages of Blockchain • Immutability • Transparency • Censorship • Traceability
- 6. Facilitating the transaction PowerPoint Presentation Consensus algorithm Addition of the new block Transaction complete Formation of a new block Working of Blockchain Verification of transaction
- 8. • Name used by the presumed inventors of Bitcoin. • Born on 5 April 1975 (claimed) • Nationality : Japanese (claimed) • Nakamoto devised the first blockchain database • Nakamoto's BTC wallet worth approx. 1 million BTC i.e. 5% of total BTC. Satoshi Nakamoto
- 9. History of Bitcoin 2008 2009 2010 2011 2017 2022 The domain name bitcoin.org was registered and a paper titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted The bitcoin network was created & made available to public Number of businesses accepting bitcoin continued to increase Other cryptocurrencies started to emerge Bitcoin is valued for the first time Russia's War in Ukraine negatively affected the price of Bitcoin
- 10. What Is Blockchain Mining ? Blockchain Mining Blockchain Mining Process Need For Blockchain Mining Types Of Blockchain Mining
- 11. Conclusion