Bitcoin
Overview
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- Participant will learn about the Bitcoin mechanisms & how these Bitcoin network works
- Participants will also understand why transactions with Bitcoins are secure & efficient
- Participant will learn how Bitcoin mining works & how blocks are added in the Blockchain
- Participant will also be taught how to mine Bitcoin from thier own personal computer
1 Days
Pre-Requisites
Basic knowledge of digital currency & working experience in computer operations.
Course Outline
- What is Bitcoin?
- Why use Bitcoins?
- Bitcoin Trading: Buying, selling & storing Bitcoins
- Bitcoin Ecosystem
- Structure of a Bitcoin Transaction
- Scripting language in Bitcoin
- Applications of Bitcoin script
- Nodes in a Bitcoin Network
- Setting up bitcoin wallet
- Creating a paper wallet
- Bitcoin Transaction tracking
- Bitcoin Economics
- What is Bitcoin Mining?
- Types of Mining
- Mining and Consensus
- Assembling & selecting chains of blocks
- Mining and the hashing race
- Mining Pools
- Installing Bitcoin Mining software
- Mining Bitcoin on your PC