Bit coin cryptocurrency
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The document discusses money as a medium of exchange, highlighting the emergence of bitcoin as the first decentralized digital currency created by an unknown entity known as Satoshi Nakamoto. Bitcoin operates independently of central banks, allows free transactions, and has gained significant popularity and value due to high public demand. The document emphasizes the rapid growth of bitcoin and its increasing acceptance and investment by individuals worldwide.
Bit coin cryptocurrency
- 1. Presented to: Dr. Faiza Nawaz Presented by: Zahid Ali ( FA15-BCE-021) Shoaib Hassan ( FA15-BCE-017)
- 2. Money is any item or verifiable record that is generally accepted as payment for goods and services. Money is the medium of exchange.
- 3. A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
- 4. Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.
- 5. Founder: Satoshi Nakamoto Initial Release: 9 Jan 2009
- 6. Satoshi Nakamoto denied later that he is the creator of Bitcoin. Then who is the creator?? How many satoshis are there ??
- 12. Transaction is free. No chargebacks. No extra fees.
- 27. Bitcoin is really growing very fast which means the Bitcoin becoming very more popular nowadays and awaken many investor around the world. The Bitcoin value increases because there is too much demand on it in the public which means also that many people are taking now a serious business with Bitcoin.