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Certified Bitcoin Professional

Education

Cryptography
Merchants and blockchain-based business
Bilal Dar

@DigiCurrencyNow

bilal.dar@gmail.com
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

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