Hello guys, My title is Tommy Yu from JSXPROID In this forum, I’m going to share introduction tutorial about Bitcoin& Cryptocurrency Right after this If you are first timer right here, welcome and please bookmark and push the privilege button subsequent to it We’ll publish new forum each week Follow additionally our IG Channel @ jsxproid Today we’ll study introduction of Bitcoin Before we begin, we’ll research the terminology There are three teminology Firstly, Blockchain Secondly, Cryptocurrency or digital forex Thirdly, Bitcoin itself So, which is what’s Blockchain? You can study Blockchain from quite a few inclinations You can study from the advanced “technical” angle. and from the easy “human” language angle* GRINN although it’s nonetheless someday exhausting to know, i am going to attempt to maintain the reason so simple as potential Blockchain is know-how behind Bitcoin Blockchain is definitely a giant guide or LEDGER and it is DISTRIBUTED, intend there isn’t a entity can mastery it.And it is distributed inside its personal( blockchain) community this method will report each enterprise between events, with out central entity( or intermediaries ). There isn’t any entity who dominance this community to confirm and adopted the transactions I’ll provide you with examples Let say for instance we’ve got regular transaction We have two events, Agus and Budi Agus needs to switch to Budi in IDR( Indonesian Rupiah) Agus will contact his issuing financial institution, e.g Bank A and commit the fund to Bank B In Bank A, they’ve report or so known as Ledger of Agus e.g How a lot fund Agus have, and each element transaction Agus made are saved on this ledger This ledger will not be for public, so this ledger is for Agus solely .( non-public report) After Bank A time the validation, fund can be transferred to Budi. Which can be obtained by Bank B, Bank B additionally do the proof This is an instance of normal( day by day) deal This could be very a lot completely different from make occasion in blockchain I’ll present about it, nonetheless making use of the earlier lesson, Agus& Budi Here’s Agus, we’ll see from the blockchain view and that is Budi Agus needs to switch to Budi in BTC When he do that, the ledgers are positioned within the blockchain community The construction include linked computer systems( servers) e.g laptop A, B, C “Theyre all” linked so known as bitcoin/ blockchain community Each of these computer systems, has their very own ledger A, B, C every has its personal ledger These information will not be centralised the are distributed and public so all people can see whats contained in the ledger The transaction from Agus then can be validated the community After corroborated, BTC can be transmitted from Agus to Budi Therefore, there isn’t a streamlined entity which can substantiate the transaction.The blockchain community itself who will do the validation That’s how blockchain duties Then we’ll proceed subsequent about cryptocurrency Cryptocurrency is a digital forex which might retailer worth There are many cryptocurrencies, e.g Bitcoin, Ethereum, Ripple, BitcoinMoney These are cryptos which we frequently heard about So Bitcoin will not be the one one Bitcoin, it is a cryptocurrency which first( innovator ), developed using blockchain know-how.BTC has the most important transaction worth, in 2018 it contacted USD 1.8 trillion I’ll provide you with illustration, for instance There are two events, A and B, they wish to do the occasion. What they do is that, they’re going to barter items For pattern, Cow can be bartered with Gold So that is Gold Metal is the forex and knowledge and communication applied sciences is manufacturing so the gold is minted to grow to be coin, then we will use this silver for barter a bit of bit additional onward, we alter the cash to notice the buying and selling between items are modified expending point out, we do not use metallic/ amber anymore IDR will not be the one one, we use forex like USD, GBP, or JPY It’s notice We use publication engineering So..The report is printed on paper That’s why when oversupply it may trigger inflation to boost Well that is one other matters Now, or within the close to future, Bitcoin, much like the earlier precedent So the instrument is BTC, and kind of forex we name crypto cash, and knowledge and communication applied sciences behind it’s blockchain So on this slide, i wish to give similarity between these three( report and gold) So. What exactly is Bitcoin? Characteristics of Bitcoin is like gold, it is worthwhile restriction, e.g in case you quarry golden, the equip is proscribed and the gold in a while will deplete. Gold has robust defend towards inflation, and really a lot completely different from notice Note is printed, together with the federal government( limitless) BTC will also be subdivided identical to gold. Secondly, BTC can perform for buying and selling We now should buy items in Japan utilizing Bitcoin It’s quicker, simpler, and cheaper. Thirdly, Bitcoin is comparable like Internet No occasion/ entity can confirm it, and it is open for everybody. so, that is the ended rationalization. Bitcoin is a part of digital forex or crypto cash Bitcoin will not be managed by financial institution , not backed up by any authorities from any international locations. But it collected from the decentralized laptop community who’re utilizing sure algorithm This algorithm is so known as cryptography They use explicit numerical bother, and thus the cash is named cryptocurrency.Which employment blockchain know-how Bitcoin is at present the oldest and the most important cryptocurrency Now, why we have to perceive Bitcoin? Bitcoin is new initiative which could be very progressive and intrusive. Bitcoin remains to be in very early stage It’s like e mail first time launched to the world This e mail interrupted the mailing business letter supply from one level to a different This disruption will has influence on numerous industries and its ecosystem. We now nonetheless can not decide what is going to occur to Bitcoin sooner or later. Bitcoin remains to be evolving and changeable But you want to know, so which might be capable of put together your self.Don’t get overwhelmed, or go away behind, or not know nothing about this new know-how. So .. dont go away behind. You’ll know the way to take your standing within the close to future. Lastly, In this bitcoin hype, there’s an funding alternative, the place we will attain profit or beneficiary for us. For your information, bitcoin can be utilized for funding. I’ll dicuss additional about this. Because this matters is what we with. How we will profit and revenue from this chance For you who wish to research bitcoin. You can study from these articles, in www.jsxpro.com/ luno There are a number of articles the place you’ll be able to study More on that, in case you’re fascinated about opening accounting, you need to use this promo code MNYGVB You can declare, and you will get IDR 25 Ok price of bitcoin credited into your account.You can study classes from this join “Learning Portal” You can study rather a lot about bitcoin and ethereum. So that was tutorial introduction about bitcoin and cryptocurrency If you want my forum, do not forget to remark, like and share. and hopefully this forum succession can provide brand-new perception, and provide you with new perspective about bitcoin Thank you in your type consideration, For your success !!.