Bitcoin, what is it?

1.

2. Bitcoin, what is it?

• Bitcoin is a form of digital currency.
• No one controls it, it is a decentralized currency, which means that no
big bank or institution can get a hold of your money.
• It is the very first form of a growing category of money called cryptocurrency,
created in 2009.
• The inventor of Bitcoin is anonymous, but he goes as Satoshi Nakamoto, which is
not his real name.
• Bitcoins are stored in a personal online wallet that cannot be frozen by anyone.

3. Other crypto currencies and value per coin

• Bitcoin : 1 BTC = 1622 $CAD
• Litecoin : 1 LTC = 5.16 $CAD
• Ethereum : 1 ETH = 32.05 $CAD

4. Value of Bitcoin since its creation (2009-2017)

5. How are Bitcoins generated?

• Bitcoins aren't controlled or printed by the big banks.
• They are created digitally by a large community of ordinary people,
also, anyone can join.
• *Bitcoins are 'mined' with computers, solving various mathematical
equations over the web.

6. How does bitcoin mining work?

How does bitcoin
mining work?
Bitcoin mining is quite hard to
understand and very complicated to
explain.

7. Pros and cons of using Bitcoin

CONS
PROS
• Independent currency (account cannot be frozen)
• Little to no transaction fees (perfect for sending
• Unstable value (bitcoin currency can
increase or decrease drastically)
money overseas or travelling)
• Secure transactions (encrypted)
• Unlimited transfers and amount can be
sent
• It's essentially anonymous*
• Volatile market (unpredictable)
• Not widely accepted (for now...)
• Payments are irreversible (no money
back guarantee!)

8. Share with the world! Our website :

Thank you for
listening
Share with the world!
Our website :
https://bitcoingh.wordpress.com
Nicolas Albin
Olivier De Grandpré