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Bitcoin

Bitcoin. Henri Mikkonen. What is bitcoin?. A new virtual currency Not controlled by any bank or a country The total amount of bitcoins is limited to 21 million pcs 1 bitcoin is about 100 €. How does it work. Bitcoin network is made of its users computers (mining)

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Bitcoin

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  1. Bitcoin Henri Mikkonen

  2. What is bitcoin? A new virtual currency Not controlled by any bank or a country The total amount of bitcoins is limited to 21 million pcs 1 bitcoin is about 100 €

  3. How does it work Bitcoin network is made of its users computers (mining) Bitcoins are generated through mining Users have virtual bitcoin wallets

  4. Benefits Transferred straight from user to user no fees Can be used in every country Cannot suffer inflation

  5. Criticism and risks Can easily be used for illegal actions Transfers can’t be cancelled Lost bitcoin wallet cannot be returned Future is unknown

  6. Video https://www.youtube.com/watch?v=X_hz7TyQ_bs

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