An Introduction to Bitcoin
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This document provides an introduction to Bitcoin, including how it works as a payment network and new type of currency. It explains that Bitcoin users create addresses to receive funds and that senders transfer amounts to those addresses. The transactions are then confirmed by miners through mathematical calculations before funds are available to spend. The document also outlines some common questions about Bitcoin wallets, transactions, and mining. It encourages testing Bitcoin functionality on testnet wallets.
An Introduction to Bitcoin
- 1. An Introduction to Bitcoin Vrije Universiteit Amsterdam, Netherlands Monday, 3. March 2014 Alex Oberhauser <alex.oberhauser@sigimera.org> contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 2. The (R)evolution... contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 3. What is this Bitcoin? Bitcoin is an innovative payment network and a new kind of money. from bitcoin.org contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 4. How does it work? 1. The receiver creates a new bitcoin address. 2. This bitcoin address is used by the sender to transfer a specific amount to the receiver. 3. After confirmation from bitcoin miner(s) the money is available for spending. contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 5. Image from bitcoins.com contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 6. Image from bitcoins.com contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 7. Screenshot from coinmap.org contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 8. But, wait... How does a bitcoin address look like? What do I need to get started? How is the amount transferred? What is a miner? contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 9. contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 10. contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 11. A Bitcoin Wallet... ...contains multiple bitcoin addresses with related private keys. With this private keys the money can be spend. contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 12. Mobile Bitcoin Wallet contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 13. Transaction contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 14. contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 15. Blockchain contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 16. Bitcoin mining is... “...the process of making computer hardware do mathematical calculations for the Bitcoin network to confirm transactions and increase security.” from bitcoin.org/en/vocabulary#mining contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com
- 17. Enough Theory! Lets try it out... Bitcoin Wallet for Testnet https://play.google.com/store/apps/details?id=de.schildbach.wallet_test contact@sigimera.com or +31 58 744 0 786 © 2014 Sigimera Ltd. www.sigimera.com