Bitcoin is a digital currency that uses cryptography and a decentralized network to allow users to send and receive money without a central authority. It works by recording all transactions in a public ledger called the blockchain. Users store bitcoin in digital wallets and can send money to others by broadcasting transactions to the network. The transactions are then verified and added to the blockchain through a process called mining, where computers on the network validate transactions. No single entity controls the bitcoin network.

1. Bitcoin 101
macoymejia.com

2. • Working on Bitcoin since 2007
• In 2008, he published a paper on The
Cryptography Mailing List at
metzdowd.com describing the Bitcoin
digital currency
• Disappeared mid-2010
Who invented Bitcoin?

3. What is Bitcoin?
• No Central Authority
• Base on Cryptography
• Pseudonymous and Transparent
• Cross-platform and Multiform
“a digital currency without central authority”

4. No Central Authority
Centralized SystemsDecentralized Systems
with Central AuthorityNo Central Authority
vs
* Just like torrent and tor networks

5. Base on Cryptography
“the art of writing or solving codes”
HELLO
WORLD
HELLO
WORLD
SH182JSMK3O0
K21298DSKK22
10091220ASL92
MASJQUEY1921
29A761282MAL
2012KAKS01202

6. Pseudonymous and Transparent

7. Cross-platform and Multiform

8. How does Bitcoin work?
Wallet, Block Chain, Mining

9. Bitcoin Wallet
TX
Block
Chain
SH182JSMK3O0
K21298DSKK22
10091220ASL92
MASJQUEY1921
29A761282MAL
2012KAKS01202
1JJrm6d2yuMVyqj
9ZJ5VZQ8bFt9tJv
APTe
5JvX4ufe1H86DGrbw
BMDc7rUjw1AW3Xpi3
BUZRiitRo9hm59AyZ
“Public Key and Private Key”

10. block 0 block 1 block 2 block (n)
block
378953
null
null
Block Chain
null
The block chain is the main innovation of Bitcoin

11. Bitcoin Mining

12. mBTC.ph Bitcoin Wallet
“Online Bitcoin Wallet”

13. Bitcoin Wallets

20. How to use Bitcoin?
“a digital currency without central authority”

23. Resources
• mBTC.ph
• BitcoinPH FB Group
• bitcoin.org
• preev.com
• weusecoins.com

24. fb.me/indigenousPH