How Cryptocurrency Works: Blockchain Development by Intelisync

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How Cryptocurrency Works
BLOCKCHAIN DEVELOPMENT BY INTELISYNC
PRESENTATION 2024
www.intelisync.ai
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Company Overviews
Welcome to Intelisync, we are a leading product
studio and marketing agency, helping both native
and new WEB3 businesses. We help teams with
product development, marketing, brand
positioning, content, PR, community growth and
more. Intelisync offers bespoke solutions and
consulting services tailored to both startups and
established enterprises.
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Our Vision and Mission
Our Vision
Our Mission
In 2024, Intelisync envisions itself as the
foremost innovator and leader in the fields of
Web 3.0 Growth Marketing and bespoke blockchain
development. We are dedicated to pioneering
cutting-edge solutions that redefine digital
presence, specifically tailored to the unique
needs of startups and established enterprises
across diverse industries.
In 2024, Intelisync aims to become the leading
technology partner specializing in cutting-edge
Web 3.0 Growth Marketing solutions and bespoke
blockchain development services. Our mission is
to revolutionize digital presence by tailoring
innovative strategies to the unique needs of
startups and established enterprises across
diverse industries.
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Introduction What is cryptocurrency?
Imagine a world where money is no longer
controlled by banks, where transactions are
transparent and secure, and where financial
freedom is accessible to everyone. Welcome to the
world of cryptocurrency.
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Understanding cryptocurrency is essential as it
is reshaping the financial landscape and creating
new opportunities.
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Introduction What is cryptocurrency?
Cryptocurrency is a digital or virtual form of
money that uses cryptography for security. Its a
peer-to-peer system that can enable anyone
anywhere to send and receive payments. Instead of
being physical money carried around and exchanged
in the real world, cryptocurrency payments exist
purely as digital entries to an online database
describing specific transactions.

• Key Characteristics
• Decentralization No central authority controls
  it.
• Security Transactions are secure and
  transparent.
• Digital Nature Exists only in digital form.

• Examples
• Bitcoin (BTC)
• Ethereum (ETH)
• Ripple (XRP)

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History and Evolution of Cryptocurrency
Bitcoin, created in 2009 by an unknown
person/group named Satoshi Nakamoto, was the
first cryptocurrency. The term cryptocurrency
appeared in 1989, when American computer
scientist David Lee Chaum invented digital money.
He used cryptography to protect and validate
transactions.

• Major Milestones
• 2010 First real-world Bitcoin transaction
  (10,000 BTC for two pizzas)
• 2015 Launch of Ethereum
• 2017 Cryptocurrency market reaches 600 billion
  market cap
• 2020Bitcoin halving event, reducing the block
  reward to 6.25 BTC.
• 2023
• Ethereum transitions to Proof of Stake with the
  Ethereum 2.0 merge.
• Increasing adoption of NFTs in various
  industries.
• Introduction of several new Layer 2 scaling
  solutions for Ethereum.
• 2024
• Bitcoin ETF approval in the US, leading to
  increased institutional investment.
• Significant advancements in blockchain
  interoperability protocols.

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Transaction Initiation
A user initiates a transaction by creating a
transaction request. The request includes details
such as the recipients address, the amount of
cryptocurrency to be sent, and a digital
signature to verify authenticity.
How Cryptocurrency Work
Transaction Broadcasting
The transaction request is broadcast to the
cryptocurrency network. Nodes (computers
participating in the network) receive the
transaction and validate it.
Transaction Validation
Nodes validate the transaction to ensure it is
legitimate. This process may vary slightly
depending on the cryptocurrencys consensus
mechanism.
Inclusion in a Block
Validated transactions are grouped into a block.
Miners or validators compete to add the block to
the blockchain through a process called mining or
validation.
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Block Addition to the Blockchain
The new block is added to the blockchain, making
the transaction part of the permanent ledger. The
blockchain is updated across all nodes in the
network to reflect this addition.
How Cryptocurrency Work
Transaction Confirmation
The transaction is considered confirmed once it
is included in a block and the block is added to
the blockchain. More confirmations (additional
blocks added on top of the block containing the
transaction) increase the security of the
transaction
Recipient Receives Funds
Once the transaction has sufficient
confirmations, the recipient can see the funds in
their wallet.
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A blockchain is a decentralized, digital ledger
that records transactions across many computers.
Blockchain Technology Overview

• Key Components
• Blocks Contain transaction data.
• Chains Link blocks together securely.
• Nodes Maintain the blockchain.

• Security and Transparency
• Transactions are immutable and transparent.
• Distributed nature makes it resistant to
  tampering.

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• Relationship
• Blockchain is the underlying technology for
  cryptocurrencies.
• Ensures secure and transparent transaction
  validation

How Blockchain Underpins Cryptocurrencies

• Transaction Process
• Transaction initiation
• Verification by nodes
• Recording on the blockchain

• Role of Miners/Validators
• Miners (Proof of Work) or Validators (Proof of
  Stake) confirm transactions.

• Proof of Work (PoW)
• Miners solve complex mathematical problems to
  validate transactions.
• Proof of Stake (PoS)
• Validators are chosen based on the number of
  coins they hold and are willing to stake.

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Intelisyncs Blockchain Development Services
Leading provider of Web3 and blockchain
development services.

• Blockchain Development Custom blockchain
  solutions.
• Smart Contracts Development and auditing of
  smart contracts.
• dApp Development Creating decentralized
  applications.

Why to choose us?

• Expertise Team of experienced blockchain
  developers.
• Client-Centric Focus on client needs and
  success.
• Proven track record of successful projects.
• Dedicated support and maintenance.
• Customized solutions to meet specific business
  needs.

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Our Contact Information
Ready to take your business to the next level
with blockchain technology? Transform your
business with cutting-edge blockchain solutions
from Intelisync Contact us today!
971 54 5720 844
connect_at_intelisync.ai
www.intelisync.ai