Bitcoins
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Bitcoin is a decentralized cryptocurrency that operates on a peer-to-peer network, allowing for pseudo-anonymous transactions with low or no fees that can be conducted anywhere in the world. Users store and transfer funds through digital wallets secured by public/private keys, while miners verify transactions and are rewarded with new bitcoins for adding validated blocks to the distributed ledger containing a record of all transactions.
Bitcoins
- 1. BITCOINSPresentation by David Wong
- 2. Cryptocurrencies Currency like the dollar $, euros , Decentralized
- 3. Pseudo-Anonymous (wallets) Low fees (or none) Fast Usable anywhere. Open source
- 4. The bitcoin Network You deal with everyones money. Trust the majority
- 5. Wallet Private key/Public key Your money comes from different input/output
- 6. Ledger All transactions history Page = Blocks Input / Outputs is your money
- 7. Miners Get bitcoins through mining blocks (rewards) (Proof of Work) Write transactions in your block to collect fees
- 9. More info : www.bitcoin.org Thanks!