Crypto
Transcript: Blockchain & Its Implications: The Market's New Era? A Rough Introduction Here is where we aim to get you familiar to some terms that will be used throughout the presentation, and other things that are useful to know. Feel free to ask us questions if there's anything you don't quite get! A Rough Introduction What Are Cryptocurrencies Cryptocurrencies Cryptocurrencies, otherwise known as cryptos, are digital currencies. Just like "flat" money (dollars, euros, etc.), they have a certain value, and you can use them to buy items. The only difference, obviously, is that they're digital, and not physical. They're secure and impossible to counterfeit due to the cryptography that is involved. It’s decentralized and more efficient. You own your cryptocurrency and no bank or government is needed to issue the money, nor is any middleman needed to transfer your funds. That can make your transactions cheaper and quicker. It helps people without access to traditional banking become part of the worldwide financial system. It’s programmable money which offers many more options for how it can be used and adapted to one’s needs. What Is Bitcoin? Bitcoin is the most famous cryptocurrency in the market It was the foundation for all other cryptocurrencies. It was launched on 2009 and by now it makes part of around 50% of all the cryptocurrency's market's value. It is a very limited currency, consisting of only 21 million units in total, 18.7 million of which being in the market. Satoshi Nakamoto was the founder of the coin (more about him later on). Bitcoin What is a Blockchain? A blockchain is a type of database, or a collection of information, stored in so-called blocks connected through complex cryptographic protocols. These make it almost impossible to compromise the data stored on the blockchain. This is because any changes to one block immediately corrupt the data in other blocks, so it’s obvious that someone has tried to change something. This makes blockchain tamper-evident. Blockchain What is Ethereum? Ethereum is a blockchain platform with its own cryptocurrency, called Ether (ETH) or also Ethereum, and its own programming language, called Solidity. The blockchain network Ethereum is a decentralized public ledger for verifying and recording transactions. The network's users can create, publish, monetize, and use applications on the platform, and use its Ether cryptocurrency as payment. Insiders call the decentralized applications on the network. Ethereum What Are NFT's In the simplest terms, NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain. That adds value to the so called "tokens", which can then be traded between people, with payments of cryptocurrencies. Come to think about it, it's much like trading pokemon cards! NFT's Crypto's Impact on Our World This is how cryptos have settled on our economy, and how they've affected it: Crypto's Impact on Our World Blockchain'sTimeline Blockchain's Timeline Blockchain technology R3 is formed and forms consotrium of over 40 legacy financial companies for implementing blockchain technology. Ethereum blockchain is created. 1/4/2013 The first bitcoin purchase: 10,000 BTC purchased. 2014 2010 2016 Bug in Ethereum DAO code, which was exploited, attacked and terminated 1991-2008 Stuart Haber and Scott Stornetta work on the first blockchain. Bitcoin Marketplace surpasses 1 billion Vitalik Buterin releases Ethereum whitepaper 2009 Satoshi Nakamoto releases Bitcoin's whitepaper. Bitcoin's Timeline Bitcoin's Timeline The first country in history to adapt "Bitcoin" as an official currency for the nation, "El Salvador". The Bitcoin foundation was launched, this was made as a foundation to control "Bitcoin" and make it safer. After having an impressive growing in the last year, Bitcoin goes from $1000 on January 1st to $10 000 on December 1st, breaking the amazing barrier of $10 000 3/1/2009 28/1/2021 This event known as "The musk effect" was the first big movement done by The owner of Tesla. Elon Musk added the #Bitcoin to his tweeter making Bitcoin grow almost a 11% over a day. 1/4/2013 Bitcoin was launched for the first time Bitcoin hits the $100 barrier for the first time 1/12/2017 11/06/2021 22/9/2012 Ethereum Crypto`s timelines Bitcoin Recommendation: https://www.coindesk.com/price/bitcoin Pros & Cons Pros & Cons Pros Cons High volatility It's amongst one the safest currencies Easy access for investment Limited Use Limited supply/Deflationary Currency Very complicated for beginners Is not related to any government/nation Low fees in transactions Key Players Main Supporters Elon Musk Satoshi Nakamoto Vitalik Buterin -Elon Musk: Elon Musk is an entrepreneur and business magnate known as one of the richest men on the planet. Musk is the owner of the famous car company "Tesla", and since the beginning of 2021 he made a big impact on cryptocurrencies. The market's charts have been heavily affected by