Hello everyone. We are Virus team.

Our team includes 3 member: Giang, Dung and

me.
Today, we would like to present to you: “Bitcoin”. Our presentation is dived into 4
parts.
1. First of all, I will start with “Introduction”. As you know, almost online
transactions base on trusted third parties to process electronic payments. However,
Information leakage is unavoidable. The solution is an electronic payment system
based on cryptographic proof instead of trust.
From this, we can understand why Bitcoin appeared. Bitcoin (BTC) launched in 2009,
was called cryptocurrency, a decentralized form of digital cash that eliminates the
need for traditional intermediaries to make financial transactions. They would be
worthless without the private codes printed inside them.
The following are some unique properties of Bitcoin: Bitcoin is global, Bitcoin is
irreversible, Bitcoin is private, Bitcoin is secure, Bitcoin is open.

2. Firstly, I will talk about the differences between bitcoin and fiat digital currencies.
First of all, decentralization. It means the transactions is maintained by a distributed
and open network. Then, limited supply, the maximum number of bitcoins is 21
million. Next, pseudonym, users of bitcoin is semi-anonymity. After that,
immutability because bitcoin transactions cannot be reversed. And finally, divisibility,
you know, the smallest unit of a bitcoin is called a satoshi. Now we will move on the
operation of bitcoin. Each Bitcoin is basically a computer file which is stored in a
digital wallet app on a smartphone or computer. A bitcoin wallet keeps a private key,
is used to sign transactions. Every single transaction is recorded in a public list called
the blockchain. Now, take a look at this picture. As you can see, with bitcoin you can
pay for goods and services, long term investment, systematic buying plans or trading.

3. I will talk about some of the advantages and disadvantages of bitcoin. International
payments are a lot faster than banks: Fees are low. Blockchain — near impossible to
hack. Decentralized — cannot be shut down at a single point. Transparent — you
don’t have to trust anyone. Anonymous — you don’t need to use your name.
Powered by the community — the fees are shared instead of going to a single point
(i.e. a bank or PayPal). No verification for new users — anyone can use it *
Disadvantages. Mining uses lots of electricity. Not as fast as other cryptocurrencies.
The price is constantly changing. Anonymous — used for crime

4. Here are Bitcoin trends that are revolutionizing the world of cryptocurrency:
Despite paying for products and services being available for users today, the
system is not being adopted by most people. There are new systems that were
developed to make it easier for bitcoin holders to use their currency as a form of
payment.
Cryptocurrency and gaming have been increasing in popularity nowadays. Many of
the players have invested in cryptocurrencies rather than traditional stocks so that they
can use this money in their online games.
Players are rewarded or penalized with bitcoins.Innovations like these systems can
help increase Bitcoin values through an increase in transactions involving the
currency. This means that bitcoins can be used freely, and it can be conhnverted to
different services as well.

5.Figures
Awareness: The percentage of people that have heard of Bitcoin rose from 77% in
October 2017 to 89% in April 2019. Familiarity: Among those aged 18–34, a full 60%
described themselves as at least ‘somewhat familiar’ with Bitcoin — up from 42% in
October 2017. Propensity to Purchase: the percentage of people that indicated they are
‘very’ or ‘somewhat’ likely to buy Bitcoin in the next 5 years rose by nearly half —
from 19% in October 2017 to 27% in April 2019.

6. What will be the future for bitcoin?

5. With the increasing number of uses and trends of Bitcoin, the future seems to
look bright for the currency. One major issue regarding Bitcoin is that, when
users store it digitally, there’s a chance that all of it will be gone with just one
computer crash or if a hacker gains access to the account. The growing
advances in digital security can address these challenges as the exchange and
purchase of bitcoins will increase with the trends you just read above.