Session 2 Intro To Bitcoin

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INTRODUCTION TO BITCOIN

Introduction to Bitcoin
This presentation offers a comprehensive overview of Bitcoin,
exploring its origins, technology, and impact on the future of
digital currency. We will delve into its benefits, challenges, and
the regulatory landscape that shapes its use today.
What is
Bitcoin?
Bitcoin is a type of cryptocurrency that
operates on a decentralized network
called blockchain. It allows for peer-to-
peer transactions without the need for
intermediaries, making it a revolutionary
form of digital currency.
The History of
Bitcoin
Launched in 2009 by an anonymous
entity known as Satoshi Nakamoto,
Bitcoin was created to address the
shortcomings of traditional financial
systems. Its journey has been marked by
price volatility and increasing adoption.
How Bitcoin Works
Bitcoin transactions are recorded on a public ledger
called the blockchain. This technology ensures security
and transparency, as all transactions are verified by a
network of miners through complex algorithms.
Benefits of Bitcoin

Bitcoin offers numerous


advantages, including low
transaction fees, fast transfers,
and financial autonomy. It can
serve as a hedge against inflation
and provides access to financial
services for the unbanked.
Challenges Facing Bitcoin
Despite its potential, Bitcoin faces significant
challenges such as regulatory scrutiny, scalability
issues, and concerns over its environmental impact
due to energy-intensive mining processes.
Bitcoin and Regulation

Regulatory frameworks for Bitcoin vary across


countries, impacting its adoption and legitimacy.
Understanding the legal landscape is crucial for
users and investors to navigate the risks involved.
The Future of Bitcoin
As Bitcoin continues to evolve, its future may include
greater integration into mainstream finance, potential
central bank digital currencies (CBDCs), and innovations
in blockchain technology that enhance its utility.
Bitcoin vs. Traditional Currency

Bitcoin differs from traditional


currencies in its decentralization,
fixed supply, and reliance on
technology. Understanding these
differences is essential for
evaluating its role as a store of
value and medium of exchange.
Investing in Bitcoin
Investors are increasingly
considering Bitcoin as a
diversification tool in their
portfolios. However, it is important
to approach Bitcoin investment
with a clear understanding of its
volatility and potential returns.
Conclusion Bitcoin represents a significant shift in the way
we perceive and use money. As digital currency
continues to mature, it will be essential to stay
informed about its developments and
implications for the global economy.
Thanks!
Do you have any questions?
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+91 620 421 838
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