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Blockchain Technology Presentation

Blockchain technology underlies cryptocurrencies like Bitcoin. It allows digital information to be recorded and distributed, but not edited, deleted, or modified, creating an open yet secure system. A blockchain is a growing list of data blocks linked together, containing a digital record of transactions. It works through consensus across a network of participants to validate transactions and agree on a single shared ledger, without a central authority. This cuts out middlemen and makes the records transparent, immutable, and resistant to tampering.

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Gaurav Salunke
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78 views12 pages

Blockchain Technology Presentation

Blockchain technology underlies cryptocurrencies like Bitcoin. It allows digital information to be recorded and distributed, but not edited, deleted, or modified, creating an open yet secure system. A blockchain is a growing list of data blocks linked together, containing a digital record of transactions. It works through consensus across a network of participants to validate transactions and agree on a single shared ledger, without a central authority. This cuts out middlemen and makes the records transparent, immutable, and resistant to tampering.

Uploaded by

Gaurav Salunke
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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BLOCKCHAIN TECHNOLOGY

DEPARTMENT OF
COMPUTER ENGINEERING
S.S.VPS's B.S. DEORE
COLLEGE OF ENGINEERING,
DHULE2023-2024
24-Nov-23

Presented by :- Gaurav Salunke


Guide by :- Dr. B. R. Mandre
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
WHAT IS A BLOCKCHAIN?
A blockchain is a growing list of data blocks that are linked together.

Data Data Data

Reference Reference Reference


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

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