BCT Made Simpler for Cryptocurrency Traders. Fundamentals & the Bitcoin Myth | Platinum Trading Institute - PowerPoint PPT Presentation

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BCT Made Simpler for Cryptocurrency Traders. Fundamentals & the Bitcoin Myth | Platinum Trading Institute

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Title: BCT Made Simpler for Cryptocurrency Traders. Fundamentals & the Bitcoin Myth | Platinum Trading Institute


1
CRYPTOCURRENCY
  • BCT Made Simpler for Cryptocurrency Traders.
    Fundamentals the Bitcoin Myth

2
Introduction
  • Over the last nine years, Blockchain
    Cryptocurrency has maintained nearly an upward
    trajectory culminating in its price reaching
    19,783.21 a week before Christmas.

3
Bitcoin Myth and Blockchain Technology
  • Primarily to circumvent these two challenges,
    Satoshi in 2008 conceived the idea of a
    cryptocurrency, and then minted, about 50
    Bitcoins in January 2009. The first Bitcoin
    transaction was negotiated between Satoshi and
    his friend, Hal Frey that month. Since that first
    transaction, Bitcoin and its sister currencies
    (ALT COINS) had reached a whopping market cap of
    nearly 835 billion by the end of 2017.

4
  • Even though its market cap has been slashed by
    almost 50, it still garners a significant
    fraction (about 5 at the writing of this
    article) of the overall global currency and coin
    market cap. And, on further analysis, one
    estimate shows Bitcoin having an overwhelmingly
    largest market share at close to 60 of that 5
    fraction.
  • This evidently shows the extraordinary power of
    Satoshis rather original ingenious thesis that
    when monetized Bitcoin has created staggering
    opportunities for Crypto coin traders. 

5
What is Blockchain Technology (BCT) ?
  • The underlying infrastructure supporting Bitcoin
    and other ALTCOINS is rooted in Blockchain
    Technology. 
  • Surprisingly, though maybe not be coincidental,
    Satoshi presented his thesis about Blockchain Cryp
    tocurrency just about that time. In its most
    vernacular explanation, BCT is the collection of
    a publicly monitored ledger system, say a giant
    database that records and maintains in perpetuity
    ALL actions and the attendant digital signatures
    that have been executed for a given transaction.

6
Five Pillars of a BlockChain
  • A generic Blockchain system includes at least the
    following salient features  
  • Distributed Consensus,
  • Verification Proof of Work,
  • Immutability Unique relationship between output
    and input,
  • Trustworthiness, and
  • Transaction Velocity.

7
THANK YOU.
  • Platinum is here to help mentor and support
    anyone looking to profit from Crypto Trading.
    Book a call with a Crypto Trader and we will
    share with you another opportunity.
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