Wowcoin Launch

Currency Revolution

Wow ecoin

Table of Contents

What is Bitcoin? …………………………………………………………………….. Bitcoin Success Story……………………………………………………….……... Security in Bitcoin ……………………..……………………………………….……BlockChain ……………….…………………………………………………………….What is Bitcoin Mining? ………………….…………………………………….Encryption ……………………………………………………….……………………Who Accepts Bitcoin?……………………………………………………………Other “Crypto Coins” ? ………………………………………………….……..WOWCOIN – It’s alive!…………………………………………………………..WOWCOIN – Features…………………………………………………………..SWIU & WOWecoin……………………………………………………………….

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What is Bitcoin?

• Bitcoin (BTC) is a new kind of currency introduced in 2009. It’s the first decentralized electronic currency crypto coin that cannot be controlled by a single organization or government (Magic Internet Money)

• Bitcoin is an open source project that anyone can validate its security and stability

• All over the world people are trading millions of dollars worth of bitcoin every day

• Trades are made with no middle man and no credit card companies

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• Transactions are fast, borderless, nearly free, and transactions are irreversible

• Digitally distributed crypto-currency with no central authority

• Transferred between its users on the bitcoin network from a computer, printout, coins, or cell phone

What is Bitcoin? continued .

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• Creation of new bitcoins are “mined” by computers running the network

• They are a scarce resource and there will only be 21 million bitcoins created

• Bitcoins are divisible to 8 decimal places yielding a total number of 21 x 1014 currency units.

(reference table below)

1 BTC……………………..1 bitcoin0.01 BTC…………………1 cBTC (bitcent)0.001 BTC……………….1 mBTC (millibit or mbit)0.0001 BTC……………..1 uBTC (microbit or ubit)0.00000001 BTC …….1 satoshi

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What is Bitcoin? continued .

Bitcoin Success Story

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3 important features of the Bitcoin protocol :

o The BlockChain

o Bitcoin mining

o Encryption

Security in Bitcoin

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Every transaction is maintained on a public ledger called the

“blockchain”

o Public ledger of all transactions assembled and shared within the

network

o Dividing coins creates a new chain that can still be traced back to

its creation

o Computers maintain the blockchain’s credibility through group

consensus

BlockChain

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How Transactions Work Through the Chain

Source: themisecircle.org

one new bitcoin is created

seller receives payment, new chain is created

Black squares represent the original holder’s transactionsGrey squares represent merchants receiving payment

two merchants receive bitcoin as payment

original owner’s current amount

0.5 BTC

0.25 BTC

0.25 BTC

0.125 BTC

0.5 BTC

0.125 BTC

1 BTC

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Miners are rewarded with new bitcoins and transfer fees for their service

• Mining bitcoin is comparable to buying lottery tickets, a user exchanges processing power

for the chance to win bitcoins

• The faster a computer mines (more processing output), the higher their odds of winning

• Bitcoin mining has created a hardware industry within itself with high gross sales, new

technologies of computer chips have been developed to mine more efficiently

• The difficulty to generate bitcoins are automatically adjusted to the total power of the

network itself, this results in a predictable timeframe until 21 million coins (Year 2140)

What is Bitcoin Mining?Bitcoin mining creates new bitcoins, guarantees transaction

legitimacy, and is handled by PCs running the free software. These computers verify and store trades made on the network.

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EncryptionCryptography : Cryptography is the branch of mathematics that lets us create mathematical proofs that provide high levels of security. Online commerce and banking already uses cryptography. In the case of Bitcoin, cryptography is used to make it impossible for anybody to spend funds from another user's wallet or to corrupt the block chain. It can also be used to encrypt a wallet, so that it cannot be used without a password.

Bitcoin makes heavy use of the cryptographic hash function SHA256, which stands for Secure Hash Algorithm 256-bit.

Example - Hash values of empty string.

SHA256("")0x e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855

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Who Accepts Bitcoin?• Bitcoin payment processors Bitpay, Coinbase, and Blockchain.info combined report

over 100,000 merchants and 5 million users. Merchants can also accept bitcoin and get paid in dollars (USD)

• Baidu’s, Chinese version of Google, announcement to accept bitcoin drove up the

price

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Who Invests in Bitcoin Companies?

Other “Crypto Coins” ?

1. NO encryption (SHA 256)2. NO blockchain.3. NO Core Client or QT (for mining and validation)4. NO application programming interface (API)5. NO generation of Public or Private Keys

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WOWCOIN – Encryption completed!

3 December 2014 – WOWCOIN created

(3 Billion tokens pre-mined on a crypto platform that is secured by the Bitcoin network).

Hot and ready for the official launch!

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WOWCOIN – Features

1. Secured and validated by the Bitcoin protocol.2. Minimum of two (2) persons to distribute the WOWCOIN to

prevent abuse of power. 3. Transaction (TX) confirmation time – about 10 minutes (as per

Bitcoin)4. Possibility of trading WOWCOIN for Bitcoin or any crypto assets

directly via a decentralized exchange (DEX).5. All transactions can be validated via a block explorer.6. Members can create multiple web wallets to store WOWCOINs.7. Web wallets do not contain personal identity information. 8. No risk of identity theft.

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SWIU & WOWecoin

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COLLABORATION FOR SCHOOL OF EXCELLENCE – CRYPTOCURRENCIES

www.swiu.edu

www.wowecoin.com

SWIU & WOWecoin

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• SWIU & Wowecoin collaboration

• Full Curriculum – Cryptocurrencies

• Wowecoin can be used to redeem University / MBA Course Fees

• Ongoing Research / R&D for School of Excellence in Cryptocurrencies

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