THE INTERNET OF MONEYJACK PETERSON

CRYPTOCURRENCY

• Medium of exchange • Leveraging cryptography• Securing transactions• Control creation of currency

BLOCKCHAIN

• Database acting as a ledger• Timestamped records of two transactions• Verifying both parties• Uses complex algorithms

BITCOIN

• Payment system and cryptocurrency• Peer-to-peer transactions• Verified by blockchain• Price is determined by supply and demand• 2011- <1 USD• 2015- >100 USD

FUTURE POSSIBILITIES

• Business lending (i.e. Apple)• Bank restructuring• Monetary changes• Possibilities are endless

WORKS CITED

• https://www.bitcoin.com/• http://blockgeeks.com/guides/what-is-cryptocurrency/• https://www.blockchain.com/