Blockchain and cryptocurrencies like Bitcoin enable new forms of digital money and financial contracts. Bitcoin introduced a trustless digital currency using cryptography to secure a distributed public ledger called the blockchain. Miners on the Bitcoin network process transactions and add them to blocks which get added to the immutable blockchain roughly every 10 minutes. Over time, the blockchain has grown large as a record of all transactions, posing scalability challenges. New applications like smart contracts and alternative currencies like Namecoin build on this innovation to enable decentralized applications and services.
All you ever needed to know on bitcoin and blockchainMarco Hauff
Basic introduction into the world of Bitcoin and Blockchain. Handy for everyone that needs to attend a birthday party and wants to join a conversation on this topic. A must for the financial / technology professional.
Bitcoin is Still Technology - Presented at Bitcoin World Conference KL - 2014Mark Smalley
Forgot to upload the presentation I gave at the World Bitcoin Conference in KL - it's a real basic introduction to Bitcoin and crypto-currencies from a technological point of view. A lot of images as they give me room to talk :-)
Content that helps to understand bitcoin and blockchain. Starts with currency basics, to clear the fact that bitcoin is not doing anything tangentially wrong. Followed by that bitcoin is covered and blockchain in detail.
All you ever needed to know on bitcoin and blockchainMarco Hauff
Basic introduction into the world of Bitcoin and Blockchain. Handy for everyone that needs to attend a birthday party and wants to join a conversation on this topic. A must for the financial / technology professional.
Bitcoin is Still Technology - Presented at Bitcoin World Conference KL - 2014Mark Smalley
Forgot to upload the presentation I gave at the World Bitcoin Conference in KL - it's a real basic introduction to Bitcoin and crypto-currencies from a technological point of view. A lot of images as they give me room to talk :-)
Content that helps to understand bitcoin and blockchain. Starts with currency basics, to clear the fact that bitcoin is not doing anything tangentially wrong. Followed by that bitcoin is covered and blockchain in detail.
Most people want to jump into & know how to do ICO or participate in it. They trade buzzwords, follow the herd on blockchain & crypto token without knowing where do they really apply. The objective of this is to introduce important concepts that need to be understood before getting into ICO and crypto valuation. All these concepts are introduced gradually through a metaphor then simple mental models followed by a first principle thinking level. This is most useful for entrepreneurs and investors that ought to be thinking about blockchain, ICO & crypto tokens through first principles
This seminar discus about BITCOIN TECHNOLOGY. its EVOlUTION,TERMS USED IN BITCOIN,MINING,AQUIRING, BITCOIN, HOW TO STORE BITCOINS, TYPES OF WALLET, HOW BITCOIN ACTUALLY WORKS, TRANSACTION .
The main motivation for publishing this paper is to create a model able to predict bitcoin’s price behavior or, more modestly, able to identify its future values within a confidence interval. Such models exist today for other assets and our thinking is to apply them to bitcoin.
Bitcoin is a digital currency, created by an unknown person, controlled by no one. It's as mysterious as it is popular. But what is it really.
I gave this presentation both to a group of venture capitalists and at the Intro2 Meetup in Silicon Valley.
If you have any questions or comments, I'd love to hear from you.
Short presentation about bitcoin in particular and crypto currencies in general.
Its mainly a description of whats money and what is bitcoin
why bitcoin will dominate
http://secure.yocoin.org/user/registrationuser.aspx?ref=YC3213228 YOCoin provides a once in a lifetime opportunity, revolutionizing the business world of todays digital economy. The YOCoin concept is born out of the success of the pioneering cryptocurrency, Bitcoin. We make it Possible! YO COIN is more than just a cryptocurrency. To make it successful and unique, we have created a whole concept and universe to make YOCOIN a market leader.
Blockchain concept and technology. How this is becoming the next trend after the Bitcoin, expanding to a myriad of solutions. Smart contracts might be using a public distributed, and encrypted platform to support data persistence.
Blockchain overview, use cases, implementations and challengesSébastien Tandel
Most know about Bitcoin, the well-known crypto-currency. Less know the details about the underlying and enabling technology, Blockchain.
Hopefully, this presentation provides enough insights to understand blockchain concepts and why it's perceived to potentially disrupt many market segments, from retail to governments, from finance to health care. At last, I hope to brush fairly the many challenges of this rather new technology.
A broad overview of concepts regarding cryptocurrencies and blockchain technology. This presentation covers everything from timelines, to Bitcoin and other notable cryptocurrencies, mining, forks, use cases, and much more.
This slidedeck was used at the second Blockchain Vlaanderen meetup in Antwerp. It was given as a general introduction into Blockchain to enable newcomers to follow the presentations that followed.
Crypto currencies usage is growing in a more connected world. The traditional banking industry is being disrupted by a decentralized network, rich in computing resources and connectivity.
Full quality version here -> https://www.scribd.com/document/333257162/Crypto-Currency-Mining-Science
This talk was presented by Miguel Duarte (http://miguelduarte.pt) at Codebits (VII) (http://codebits.eu).
A video of the talk is available here: http://youtu.be/PgETyozr2cM
There original abstract was as follows:
You've probably heard of Bitcoin, right? Bitcoin is original cryptocurrency which exploded in value in the last few months and paved the way for alt-coins such as Litecoin, Quark or Dogecoin. Currently, 1 bitcoin is worth nearly $1000, which left some of the original investors and miners, with thousands upon thousands of bitcoins, quite rich. Recently, even the Dogecoin community helped fund Jamaica's bobsled team to help go to the Sochi Winter Olympics by donating 30 million dogecoins, or roughly $30,000! What the hell is that all about? This talk aims to explain what cryptocurrencies are, how they work, and how they create value.
Here are some of the topics I intend on covering:
-the advantages of cryptocurrencies;
-the basics of the blockchain;
-how new blocks are mined using proof-of-work algorithms;
-how to mine using CPU, GPU or even ASIC miners;
-differences between Bitcoin's algorithm and scrypt-based alt-coins;
-security considerations;
-an overview of how cryptocurrencies are currently being used in society;
-how cryptocurrencies can change the world's economic landscape.
Most people want to jump into & know how to do ICO or participate in it. They trade buzzwords, follow the herd on blockchain & crypto token without knowing where do they really apply. The objective of this is to introduce important concepts that need to be understood before getting into ICO and crypto valuation. All these concepts are introduced gradually through a metaphor then simple mental models followed by a first principle thinking level. This is most useful for entrepreneurs and investors that ought to be thinking about blockchain, ICO & crypto tokens through first principles
This seminar discus about BITCOIN TECHNOLOGY. its EVOlUTION,TERMS USED IN BITCOIN,MINING,AQUIRING, BITCOIN, HOW TO STORE BITCOINS, TYPES OF WALLET, HOW BITCOIN ACTUALLY WORKS, TRANSACTION .
The main motivation for publishing this paper is to create a model able to predict bitcoin’s price behavior or, more modestly, able to identify its future values within a confidence interval. Such models exist today for other assets and our thinking is to apply them to bitcoin.
Bitcoin is a digital currency, created by an unknown person, controlled by no one. It's as mysterious as it is popular. But what is it really.
I gave this presentation both to a group of venture capitalists and at the Intro2 Meetup in Silicon Valley.
If you have any questions or comments, I'd love to hear from you.
Short presentation about bitcoin in particular and crypto currencies in general.
Its mainly a description of whats money and what is bitcoin
why bitcoin will dominate
http://secure.yocoin.org/user/registrationuser.aspx?ref=YC3213228 YOCoin provides a once in a lifetime opportunity, revolutionizing the business world of todays digital economy. The YOCoin concept is born out of the success of the pioneering cryptocurrency, Bitcoin. We make it Possible! YO COIN is more than just a cryptocurrency. To make it successful and unique, we have created a whole concept and universe to make YOCOIN a market leader.
Blockchain concept and technology. How this is becoming the next trend after the Bitcoin, expanding to a myriad of solutions. Smart contracts might be using a public distributed, and encrypted platform to support data persistence.
Blockchain overview, use cases, implementations and challengesSébastien Tandel
Most know about Bitcoin, the well-known crypto-currency. Less know the details about the underlying and enabling technology, Blockchain.
Hopefully, this presentation provides enough insights to understand blockchain concepts and why it's perceived to potentially disrupt many market segments, from retail to governments, from finance to health care. At last, I hope to brush fairly the many challenges of this rather new technology.
A broad overview of concepts regarding cryptocurrencies and blockchain technology. This presentation covers everything from timelines, to Bitcoin and other notable cryptocurrencies, mining, forks, use cases, and much more.
This slidedeck was used at the second Blockchain Vlaanderen meetup in Antwerp. It was given as a general introduction into Blockchain to enable newcomers to follow the presentations that followed.
Crypto currencies usage is growing in a more connected world. The traditional banking industry is being disrupted by a decentralized network, rich in computing resources and connectivity.
Full quality version here -> https://www.scribd.com/document/333257162/Crypto-Currency-Mining-Science
This talk was presented by Miguel Duarte (http://miguelduarte.pt) at Codebits (VII) (http://codebits.eu).
A video of the talk is available here: http://youtu.be/PgETyozr2cM
There original abstract was as follows:
You've probably heard of Bitcoin, right? Bitcoin is original cryptocurrency which exploded in value in the last few months and paved the way for alt-coins such as Litecoin, Quark or Dogecoin. Currently, 1 bitcoin is worth nearly $1000, which left some of the original investors and miners, with thousands upon thousands of bitcoins, quite rich. Recently, even the Dogecoin community helped fund Jamaica's bobsled team to help go to the Sochi Winter Olympics by donating 30 million dogecoins, or roughly $30,000! What the hell is that all about? This talk aims to explain what cryptocurrencies are, how they work, and how they create value.
Here are some of the topics I intend on covering:
-the advantages of cryptocurrencies;
-the basics of the blockchain;
-how new blocks are mined using proof-of-work algorithms;
-how to mine using CPU, GPU or even ASIC miners;
-differences between Bitcoin's algorithm and scrypt-based alt-coins;
-security considerations;
-an overview of how cryptocurrencies are currently being used in society;
-how cryptocurrencies can change the world's economic landscape.
Bitcoin the most popular cryptocurrency is being accepted widely across the globe. The technology associated with bitcoin is a rich technology for the verification of transaction. Blockchain technology offers fast, fraud resistant, efficient, cost effective way to operate peer to peer transaction..
Smart Contracts - The Blockchain Beyond BitcoinJim McKeeth
A smart contract is a program that runs on the blockchain. This session is a technical look at the blockchain and smart contracts from a programmer's perspective. We will start with the basics of the blockchain and work our way up through the EVM and smart contract standards. Then we will discuss alternative blockchains and the options they provide. While smart contracts are the basis of NFTs and Distributed Finance (DiFi), this session's focus is on technology and will explore many potential uses, including an introduction to Solidity and other smart contract programming languages.
Presented at the Boise Software Developers Group on September 12th, 2023
Introduction into blockchains and cryptocurrenciesSergey Ivliev
Slides from my intro course:
- mapping the digital asset ecosystem (as of August 2019)
- how bitcoin works - step-by-step primer?
- hashrate, dollar value transferred, transaction rate and other metrics (as of August 2019)
- hard money, uncorrelated asset and other use cases
- proof-of-stake and proof-of-identity
- horizontal and vertical scaling
- how ethereum smart contracts work?
- ERC20 token standard
- boom and bust of the ICO market (as of August 2019)
- intro into #DeFI (as of August 2019)
- stablecoins
- MarkerDAO, Compound, Uniswap and other cool decentralized finance protocols
- Cryptokitties, Storj, Peepeth and examples of non-financial dapps
Everything you ever needed to know about the bitcoin system all explained in baby language, from how it works to how to get started with creating an account, funding an account setting up mining, creating a secure wallet, e.t.c
Bitcoin – for some people, this may be something making them excited and sleepless while for some others, it may be the first time they have come across such a term.
Bitcoin is the world's first cryptocurrency, a form of electronic cash. It is the first decentralized digital currency: the system was designed to work without a central bank or single administrator.
Bitcoin is a peer-to-peer electronic cash system and the first truly decentralized network for sending and receiving value over the Internet. This presentation gets into the details of the technology and answers common questions related to the bitcoin, how it works.
Among the learning objectives:
A. Crypto-currencies :
• The definition, history and evolution of the thousands of
crypto-currencies in the market, with their pros and
cons.
• Getting, mining and trading using cryptocurrencies.
• The legal status of this new technology in Lebanon and
different countries of the world.
• The possible future of crypto-currencies.
B. Blockchain :
• The technology behind crypto-currencies : concepts,
history, security, pros and cons.
• Examples and case studies of Blockchain applications.
C. ICOs :
• A new way for raising capital for companies and start-
ups.
• History and ICO phases.
GET RICHER MINING BITCOIN VAULT - JOIN US- https://bit.ly/btcvminingmarketKennedy Odigie
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2, Choose from any of ther
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3. Begin mining BTCV 10 days after purchase!
About Mining City
Mining City is the marketing arm for
MineBest.
Mining City is a global company which
rents out hash power to mine
cryptocurrencies. Over 300,000
customers have already trusted Mining
City to unite their strength and increase
the chance to strike digital gold!
MineBest provides the mining power –
takes care of the technology and
maintenance – while the Mining City
community reaps the rewards.
Transparency of
Mining City
-------
Our company expedites mining in a B2B
model. The income is split accordingly:
Mining City:
• 35% commissions
• 2% salaries
MineBest Hosting:
• 6% mining farms
• 24% miners purchase and maintenance
• 3% shipping and taxes
• 20% pre-mining
• 10% company profit
About MineBest
--------
1. Mining Expertise
MineBest is a technologically advanced infrastructure company that specializes in cryptographic
computing activities. It is one of the most dynamic growing companies in the Cryptocurrency mining
industry, and has been in the mining and cryptocurrencies fields since its inception in 2017.
2. Stability of Mining Farm
MineBest hosts multiple cryptocurrency mining farms in Kazakhstan at 20 MW, 20 MW and 50 MW all at
full capacity. Also in Kazakhstan, MineBest have a 20 MW and 150 MW facilities under construction, as
well as a 100 MW data center in China under construction (50 MW currently operational) – all expected to
be ready in Q2 of 2020.
Bitcoin is one of the famous and widely used decentralized currency in the world since it's creation. Here is the presentation on Bitcoin will help you understand more about it.
Hope this will help
Talk on smart contract security at the CyberJourney event organized in Cagliari by Pluribus One and Owasp. The talk focus is on smartcontract vulnerability and countermeasures to mitigate or eliminate the surface of attacks. It is also described the process of security audit
Internet of Things ... Internet of what? There is not such a thing like a free lunch, so who pays for big IoT benefits? Are our privacy and security jeopardized more than ever?
Blockchain - crittomonete, Bitcoin e altre applicazioniDavide Carboni
Un misterioso scienziato inventa nel 2008 un protocollo informatico che consente per la prima volta di realizzare un sistema di pagamento decentralizzato, sicuro e autonomo in quanto svincolato da ogni autorità di controllo. Nel 2009 nasce il Bitcoin definito da alcuni non come il denaro di Internet ma piuttosto come la Internet del denaro. In queste slide ripercorriamo rapidamente la storia e le caratteristiche di questa tecnologia emergente.
Pysense: wireless sensor computing in Python?Davide Carboni
PySense aims at bringing wireless sensor (and "internet of things") macroprogramming to the audience of Python programmers. WSN macroprogramming is an emerging approach where the network is seen as a whole and the programmer focuses only on the application logic. The PySense runtime environment
partitions the code and transmits code snippets to the right nodes finding a balance between energy
consumption and computing performances.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Generating a custom Ruby SDK for your web service or Rails API using Smithyg2nightmarescribd
Have you ever wanted a Ruby client API to communicate with your web service? Smithy is a protocol-agnostic language for defining services and SDKs. Smithy Ruby is an implementation of Smithy that generates a Ruby SDK using a Smithy model. In this talk, we will explore Smithy and Smithy Ruby to learn how to generate custom feature-rich SDKs that can communicate with any web service, such as a Rails JSON API.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
Neuro-symbolic is not enough, we need neuro-*semantic*Frank van Harmelen
Neuro-symbolic (NeSy) AI is on the rise. However, simply machine learning on just any symbolic structure is not sufficient to really harvest the gains of NeSy. These will only be gained when the symbolic structures have an actual semantics. I give an operational definition of semantics as “predictable inference”.
All of this illustrated with link prediction over knowledge graphs, but the argument is general.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
91mobiles recently conducted a Smart TV Buyer Insights Survey in which we asked over 3,000 respondents about the TV they own, aspects they look at on a new TV, and their TV buying preferences.
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
4. money is ...
organized in national currencies
issued by authorities (do we trust them?)
tied to political trends
exchanged directly only if cash
exchanged by intermediare in all other cases
5. money should ...
be durable
be storable in a safe say
be minted in a fair way
have a stable value during time
6. Bitcoin ...
is a digital asset
has a value based on trust
has a counter value in traditional currency
is not controlled by any authority (trustless
control)
7. Unique features
● Only “no-intermediated*” payment that can
occur remotely
● Transactions are irreversible
(*)Thousands of intermediaries = no
intermediaries
14. Timeline ...
2012 - Coinbase
2012 - BoostVC for Bitcoin startups
2012 - Bitcoin foundation
2012 - Wordpress accepts i Bitcoin
2013 - 1 BTC = 100$
15. Timeline ...
2013 - Bitcoin ATM San Diego
2013- Coinbase 5M$ funding
2013 - FBI “closes” Silk Road
2013 - Nov: 1BTC>1200$
2013 - China declares BTC is illegal
2014 - few people jailed for money laundering
16. How to receive Bitcoins
Generate a Bitcoin address
One address --> 2 keys
Private key is to spend
Public key is to receive
Keys are managed by a Wallet
18. How to spend a coin
Use the private key to sign a transaction
Send the transaction in the p2p net
...and then ...
19. Blockchain
Immutable, append only database of all
transactions copied and synced in all peers
Transaction are grouped in blocks.
Blocks are appended in avg every 10’
21. Who appends on the Blockchain
every 10’ (avg time) someone solves a
cryptopuzzle named proof-of-work with
generate the next valid block to be appended
Who solve the puzzle is also minting new
money (25BTC)
22. Mining
● New tx are broadcast to all nodes.
● Each node collects new tx. into a block.
● If proof-of-work, it broadcasts the block
● Nodes accept the block only if all tx in it are valid.
● Nodes express acceptance using the hash of the
accepted block as the “previous hash” for next block.
24. Es. proof-of-work
Es. Given A + nonce
find nonce which generate one hash starting
with 10 zeros
hash(A+nonce) =0000000000345872342642....
BRUTE FORCE!!
25. proof-of-work?
You are allowed to append a new block if you
do a given amount of work
In principle you can do a try with a pencil and
succeed
In practice the more computing power you
have the more prob. to succeed
26. Mining ... minting
In avg every 10’, the whole network succeed
in generating the block
The more are the participants the more the
puzzle is difficult (20 zeros instead of 10)
27. Mining
So, I turn on my PC, run the
software and I can mine new
money?
34. Operations in Blockchain
5pm block A closed in China
5pm block B closed in Italy
blocco blocco blocco blocco blocco A
Blockchain propagated from Cina
blocco blocco blocco blocco blocco B
Blockchain propogated from Italy
36. Biforcation
Some select A as new head
blocco blocco blocco
blocco A
blocco B
Some others select B
blocco blocco blocco
blocco blocco
37. Biforcation
The protocol says “the longest survive, the
other must be pruned”
block block block
orphan A
block B block block block
orphan orphan
38. 51% attack
Who controls 51% of total hashing rate could:
-revoke a payment (double spend)
-hinder someone else payments
Also democracy is vulnerable to 51% attack
39. Scalability
Bitcoin blockchain is more than 30GB file and
must be synced among 6000+ nodes
solutions:
pruning all data related to address with zero
balance
less blocks with more tx
46. Anonymous? No, pseudonymous
A bitcoin transaction is as anonymous as
exchanging notes in a crowded square wearing
a mask. Someone could recognize us
54. R.I.P
Think about your testament
Your bitcoins can be lost forever if you don't have a backup
plan for your peers and family. If the location of your wallets
or your passwords are not known by anyone when you are
gone, there is no hope that your funds will ever be
recovered. Taking a bit of time on these matters can make
a huge difference.
(from Bitcoin.org)