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Bitcoin and Proof of Work

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Figures from "Beyond the doomsday economics of "proof-of-work" in cryptocurrencies"
https://www.bis.org/publ/work765.pdf
For a college class in cryptography

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Bitcoin and Proof of Work

  1. 1. Proof of Work
  2. 2. Source https://www.bis.org/publ/work765.pdf
  3. 3. Interest in Bitcoin
  4. 4. Making a Payment
  5. 5. Rewards
  6. 6. Difficulty
  7. 7. Cost of Mining
  8. 8. Transactions
  9. 9. Congestion
  10. 10. Extra Credit Quiz

Figures from "Beyond the doomsday economics of "proof-of-work" in cryptocurrencies" https://www.bis.org/publ/work765.pdf For a college class in cryptography

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