1 / 7

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

Blockchain Technology (BCT) Made Simpler for Cryptocurrency Traders. Learn to Trade Forex and Crypto with our Trading Blogs for Beginners.

platinumtradinginstitute
Download Presentation

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

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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 Satoshi’s 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 Cryptocurrency 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.

More Related