Certified Bitcoin Professional Education
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Cryptography Merchants and blockchain-based business
Bilal Dar @DigiCurrencyNow
[email protected]
Refresher
Block
Blockchain
Bitcoin Building Blocks
Algorithm
Hash Function
Basic Cryptography
Proof of work
Digital Signatures
Mining
Algorithm
Algorithm : An algorithm is a self-contained step-by-step set of operations to be performed. Algorithms perform calculation data processing automated reasoning tasks.
Basic Cryptography
Cryptography:
The art of writing or solving codes. The science of protecting information by transforming it into an unreadable format called cipher text.
Hash Functions
Properties of Hash Function: ● Computationally Efficient. ● Collision Resistant ● Hide Information. ● Look Random. ● Deterministic.
Proof of work
Mining
Mining Hardware
210,000
2016
2016 = 6(1 hour) X 24(hours) X 14(days)
Coinbase
Questions
New Players
