Successfully reported this slideshow.
Your SlideShare is downloading. ×

Introduction to bitcoin

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Upcoming SlideShare
Bitcoin
Bitcoin
Loading in …3
×

Check these out next

1 of 18 Ad
Advertisement

More Related Content

Slideshows for you (20)

Similar to Introduction to bitcoin (20)

Advertisement

Recently uploaded (20)

Introduction to bitcoin

  1. 1. By Chetan Thakre
  2. 2. Something about me?  A cybersec enthusiast.  A budding programmer.  A dancer.  And the founder of Neo’s foundation.
  3. 3. Overview  Introduction to Bitcoin  How Bitcoin works ?  What are the different types of wallets?  How to choose your wallet ?  How to manage them
  4. 4. Introduction to Bitcoin First decentralized digital currency. Introduced in 2008 by Satoshi Nakamoto. peer to peer payment system. Also called Crypto-currency.
  5. 5. How Bitcoin Works ?  Balances – Block chain  Transactions - Private keys  Processing – Mining
  6. 6. Balances – Block chain  It is a shared public ledger.  The whole Bit-coin network relies on it .  It includes all the confirmed transactions.
  7. 7. Transactions – Private keys  A transfer of value between bitcoin wallets that gets included in the block chain.  First transaction in a bitcoin is a special transaction it start a new coin.  Bitcoin wallet keeps a secret piece of data which is called private key or seed which is used to sign transactions.
  8. 8. Processing - Mining  Required for the existence of bitcoin network and generation of new bitcoins .  It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system.
  9. 9. Bitcoin faucet :-  Was developed by Galvin Anderson in 2010.  Bitcoin faucet are a reward system in the form of a web or an application, that dispenses rewards in the form of satoshi which is a hundreds of a millionth BTC.
  10. 10. Top list of bitcoin faucets :-  1. Milli – The best faucet around :)  2. Bitcoin Aliens: Have fun, earn money  3. Bonus Bitcoin  4. BitcoinZebra  5. Bitcoinker  6. Robot Coin: Become the champion, become rich  7. Wonderland Coin: Feed critters, feed your wallet
  11. 11. What is a bitcoin wallet :-  A bitcoin wallet resembles to your bank account.  It lets you send, receive and store bitcoins.  A wide variety of wallets are available over the internet.
  12. 12. Categories of bitcoin wallets :-  Hot and Cold wallets  Desktop wallets  Mobile wallets  Hardware wallets  Physical wallets
  13. 13. How to secure your wallet :-  be careful with any online services designed to store your money online.  Small amount for everyday uses  Backup your wallets  Encrypt online backup  Use offline wallets for saving  Encrypt your wallet too.  Multi-signature to protect against theft
  14. 14. Any question?

×