2. Something about me?
A cybersec enthusiast.
A budding programmer.
A dancer.
And the founder of Neo’s foundation.
3. Overview
Introduction to Bitcoin
How Bitcoin works ?
What are the different types of wallets?
How to choose your wallet ?
How to manage them
5. How Bitcoin Works ?
Balances – Block chain
Transactions - Private keys
Processing – Mining
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.
8. 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.
9. 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.
10. 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.
11.
12.
13. 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
14. 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.
15. Categories of bitcoin wallets
:-
Hot and Cold wallets
Desktop wallets
Mobile wallets
Hardware wallets
Physical wallets
16. 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