BLOCKCHAIN – WELCOME TO THE NEW WORLD

If you are in the crypto market and you want to get an idea where the blockchain came from and why how does it works and how its market is operating what were the trends in 2017 and what is the forecast for 2018 you can have it in highlights as included in the following presentation.

Background

2008 Crisis and Central bank reaction
Reduction of Interest rate
Quantity Easiness
GDP between 1 to 2 % a year
USA debit from 8 to 22 Trillion $
Gold prices are manipulated

Banks System

Centralized System:
Mistrust between people and its reflection in the social structure (mediators)
Banks and validation system (Algorithm, Ledger, Validation of transactions, Servers)

Block Chain Technology

Decentralized System:
Hash Function (Crypto Graphics system)

Merkel Tree



Validation through the Block Chain
Currency and its value
mining for supporting the validation system
Peer To Peer transaction

Market Structure

ICO’s-Initial coin offering
Exchanges –Buying and selling currencies through exchanges. (In Israel there are 2 site
where we can convert our ILS to crypto currencies (Bits of Golds, BIT2C )
Mining through computers through Pools or clouds (renting from the cloud or selling to the cloud a mining facilities).
Algorithm-Pool-Currency.

Market Trends

Market trends in 2017 .
From 25 B to 0.75 Trillion $
Market volume and BTC share compare with the Alt coins
Prediction to market trends in 2018
BTC -25%
Alt coin to 75%
Total Market value between 1 to 1.5 Trillion $

Byzantium Problem

Illustration of the Byzantium problem and the consensus trust issues.

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