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An Introducing to What is Bitcoin

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An Introducing to What is Bitcoin

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Presentation Transcript

  1. Introducing Bitcoin

  2. What is Bitcoin? Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like Dollars or Euros.

  3. Bitcoin is a global payment network, People store the coins online, or on any device they choose, and can use them to make payments just like they would with a credit card. there are no charge backs and no hidden fees.

  4. How does Bitcoin work? * From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and enables a user to send and receive bit coins. * Behind the scenes, the Bitcoin network is sharing a massive public ledger called the "blockchain".

  5. How to Store Your Bitcoins Bitcoin wallets store the private keys that you need to access a bit coin address and spend your funds. They come in different forms, designed for different types of device. You can even use paper storage to avoid having them on a computer at all. Of course, it is very important to secure and back up your bitcoin wallet.

  6. CHARACTERISTICS OF BITCON • Its Easy to Setup • Bitcoin is Decentralized • Infinitesimal Transaction Fees • Processing is Very Much Fast • It’s Non-Repudiable • Bitcoin is Anonymous

  7. THANK YOU

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