Rindi SXSW Blockchains - Bitcoin and Ethereum
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This document provides an overview of blockchain technology including definitions, examples, and comparisons of public vs private blockchains. It discusses the history and workings of Bitcoin and Ethereum, as well as regulations and hands-on resources. The document concludes with a Q&A section to engage participants.
Rindi SXSW Blockchains - Bitcoin and Ethereum
- 5. TRY DEFINING THE INTERNET DEFINITION
- 9. GLOBAL UNFORGEABLE COMPUTER Process code Store data Cryptographically secured Linked to the internet DEFINITION
- 12. EXAMPLES ENERGY
- 15. EXAMPLES LOTTERY
- 18. BITCOIN/HISTORY SATOSHI NAKAMOTO WHITEPAPER 2009 10,000 BTC PIZZA 2008 CRISIS WIKILEAKS MT.GOX SILK ROAD
- 20. BITCOIN/UNDER THE HOOD IDENTIFICATION + LEDGER + TX CONSENSUS = LEGACY BANKING
- 21. BITCOIN/UNDER THE HOOD IDENTIFICATION + LEDGER + TX CONSENSUS = LEGACY BANKING PUBLIC KEY CRYPTOGRAPHY + DISTRIBUTED LEDGER + DISTRIBUTED CONSENSUS = MAGIC INTERNET MONEY OF THE FUTURE
- 22. BITCOIN/UNDER THE HOOD PUBLIC KEY CRYPTOGRAPHY + DISTRIBUTED LEDGER + DISTRIBUTED CONSENSUS = MAGIC INTERNET MONEY OF THE FUTURE
- 23. BITCOIN/UNDER THE HOOD PUBLIC KEY CRYPTOGRAPHY + DISTRIBUTED LEDGER + DISTRIBUTED CONSENSUS 18n9NVdLuMBSA4XaaeXM9YZfwSjwKWKxcp KzmuYVS7kNJata87wAgTuRugz5vCzpmjsSy5FEaKXXyBrMCKWuU5 Public address Private key
- 24. BITCOIN/UNDER THE HOOD PUBLIC KEY CRYPTOGRAPHY + DISTRIBUTED LEDGER + DISTRIBUTED CONSENSUS
- 25. BITCOIN/UNDER THE HOOD PUBLIC KEY CRYPTOGRAPHY + DISTRIBUTED LEDGER + DISTRIBUTED CONSENSUS 25BTC REWARD TX TX TX TX BLOCK 1001 BLOCK 1002 BLOCK 1003 TX TX TX TX TX TX 25BTC REWARD 25BTC REWARD = MINING
- 26. BITCOIN/UNDER THE HOOD PUBLIC KEY CRYPTOGRAPHY + DISTRIBUTED LEDGER + DISTRIBUTED CONSENSUS SHA256 OF HASH PREVIOUS BLOCK + CURRENT TRANSACTIONS + X = 0000000ABCDEFG... = PROOF OF WORK
- 28. ETHEREUM/HISTORY MASTERCOIN WHITEPAPER 2013 18M CROWDSALE VITALIK BUTERIN BETA RELEASE JULY 2015 STABLE RELEASE PI DAY 2016
- 30. ETHEREUM/HISTORY MASTERCOIN WHITEPAPER 2013 18M CROWDSALE VITALIK BUTERIN BETA RELEASE JULY 2015 STABLE RELEASE PI DAY 2016
- 32. ETHEREUM/UNDER THE HOOD BLOCKCHAIN + STEROIDS = MAGIC INTERNET MONEY OF THE FUTURE
- 33. ETHEREUM/UNDER THE HOOD BLOCKCHAIN + STEROIDS = MAGIC INTERNET MONEY OF THE FUTURE PROGRAMMING LANGUAGE
- 34. ETHEREUM/UNDER THE HOOD Code x Code y Code z Code x Code y Code z Code x Code y Code z Code x Code y Code z Lottery example Address = qahDsywu739DHHhe9dhdddkIIoeP If day == Saturday; Time == 6pm; Run random function (participants); Pay out (winner);
- 36. PRIVATE vs PUBLIC 100% PRIVATE 100% PUBLIC Auditable Irreversible Censorship-resistant Consensus though mining Not auditable Reversible Permissioned Consensus through trusted party Adjust your blockchain Eg: MS Excel Eg: Bitcoin, Ethereum
- 38. REGULATIONS US COMMODITY UK UNREGULATED AUSTRALIA UNREGULATED GERMANY PRIVATE MONEY CHINA OK FOR PRIVATE USE RUSSIA ILLEGAL
- 40. HANDS ON WALLETS, EXCHANGES & OTHER COOL STUFF
- 41. HANDS ON Coindesk - http://www.coindesk.com Coin Telegraph - http://cointelegraph.com/ ZeroBlock - https://zeroblock.com/ Reddit - https://www.reddit.com/r/Bitcoin/ Bitcoin Magazine - https://bitcoinmagazine.com/ Blockchain.info - https://blockchain.info/ Coinbase - https://coinbase.com CoinAcademy - http://coinacademy.co/ CoinMarketCap - http://coinmarketcap.com/ WeUseCoins - https://www.weusecoins.com/ Bitfilm - http://www.bitfilm.com/bitfilm-festival/ Bitcoin Obituaries - https://99bitcoins.com/bitcoinobituaries Ledger - www.ledgerwallet.com Kraken - www.kraken.com Chngetip - www.changetip.com
- 42. Q&A MINING GAME
- 43. Q&A WHAT ARE THE FIRST 5 CHARS OF THE SHA256 HASH OF “sxsw” (lower case)
- 44. Q&A 87f0c
- 46. Q&A ASK AWAY.
- 47. THANK YOU. Download presentation at http://www.slideshare.net/c_rindi/ @CaterinaRindi RindiConsulting.com Jef@Cavens.io Parner at oneup.company