PPT-Bitcoin and the Blockchain

COS 418 Distributed Systems Lecture 18 Michael Freedman New b itcoins are created every 10 min owned by miner more on this later Thereafter just keep record of transfers. Based on “Bitcoin Tutorial” presentation by. Joseph Bonneau, Princeton University. Bonneau slides marked “JB”. Bitcoin . today . (October . 2. , 2015). Bitcoin is a combination of several things: a currency, a payment system, and a collection of algorithms and software implementations.. What is Bitcoin?. Digital currency created in 2009. Peer-to-peer technology with no central authority. No physical bitcoins; seen as property by IRS. Price is volatile . Uses blockchain technology. Anonymous. Brian Green. What is Bitcoin?. Online Transactions Require(d) a Third Party Intermediary. Paypal. , MasterCard, etc.. “Double-Spending Problem”. 2008 - . Bitcoin: A Peer-to-Peer Electronic Cash . &. Jibendu Narayan Mazumder – . Associate Director – Business Development. Cognizant Technology Solutions. Quality Assurance in Blockchain. 2. Abstract. Blockchain is rapidly revolutionizing the way enterprises conduct their business processes. A new paradigm of trustless business transactions is fast evolving that needs no intervention from central regulatory authorities. And, this is made possible with a decentralized peer-to-peer network of nodes, each maintaining a local copy of transaction ledger and mutually synchronizing on a near real-time basis. . DI Concepts. Gartner’s 2017 Hype . C. ycle for the Blockchain. 2009 . 2010 2011 2012 2013 . 2014 . Mt. Gox bankrupt. Nov.08. Satoshi Nakamoto paper. Jing Li. 1. Big Picture 1: . Price of Bitcoin (Check Trade Volume by Yourself). Big Picture 2: . Google Trend (Revealed Preference). 3. Big Picture 3: . Is It Legal? . Eco201: Demand and Supply. An Easy Problem. Bitcoin . Technology is Game . Changer. Bitcoin != bitcoin. . Decentralized != distributed. Censorship Resistant. Permission-less. Public transactions. Immutable . record. Standardize way to talk money. 1 *Nothing contained herein is intended to be legal and/or tax advice and is offered solely for instruction. Any legal and/or tax questions should always be addressed to licensed legal and/or tax professionals. Further, nothing herein is designed to replace or modify, in any way, the policies, procedures and instructions of any licensee’s managing broker Use our guide to find all of the supported exchanges and bitcoin ATMs within the United Arab Emirates quickly and efficiently. Download it now. Visit: https://www.smartbitcoininvestments.com/buy-bitcoin-in-united-arab-emirates/ Use our guide to find all of the supported exchanges and bitcoin ATMs within California quickly and efficiently. Download it now. Visit: https://www.smartbitcoininvestments.com/buy-bitcoin-in-california/ Use our guide to find all of the supported exchanges and bitcoin ATMs within Hawaii quickly and efficiently. Download it now. Visit: https://www.smartbitcoininvestments.com/buy-bitcoin-in-hawaii/ Use our guide to find all of the supported exchanges and bitcoin ATMs within Nevada quickly and efficiently. Download it now. Visit: https://www.smartbitcoininvestments.com/buy-bitcoin-in-nevada/ Use our guide to find all of the supported exchanges and bitcoin ATMs within Massachusetts quickly and efficiently. Download it now. Visit: https://www.smartbitcoininvestments.com/buy-bitcoin-in-massachusetts/ play real bitcoin games and earn real bitcoin by play online casino game.