An Introduction to Bitcoin

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Information about An Introduction to Bitcoin
Technology

Published on March 4, 2014

Author: sigimera

Source: slideshare.net

Description

The introduction to Bitcoin presentation hold during the Sigimera Event on the 3. March 2014.

An Introduction to Bitcoin Vrije Universiteit Amsterdam, Netherlands Monday, 3. March 2014 Alex Oberhauser <alex.oberhauser@sigimera.org> contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

The (R)evolution... contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

What is this Bitcoin? Bitcoin is an innovative payment network and a new kind of money. from bitcoin.org contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

How does it work? 1. The receiver creates a new bitcoin address. 2. This bitcoin address is used by the sender to transfer a specific amount to the receiver. 3. After confirmation from bitcoin miner(s) the money is available for spending. contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

Image from bitcoins.com contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

Image from bitcoins.com contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

Screenshot from coinmap.org contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

But, wait... How does a bitcoin address look like? What do I need to get started? How is the amount transferred? What is a miner? contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

A Bitcoin Wallet... ...contains multiple bitcoin addresses with related private keys. With this private keys the money can be spend. contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

Mobile Bitcoin Wallet contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

Transaction contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

Blockchain contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

Bitcoin mining is... “...the process of making computer hardware do mathematical calculations for the Bitcoin network to confirm transactions and increase security.” from bitcoin.org/en/vocabulary#mining contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

Enough Theory! Lets try it out... Bitcoin Wallet for Testnet https://play.google.com/store/apps/details?id=de.schildbach.wallet_test contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com

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