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BLOCKCHAIN CHALLENGE
DEFINITIONEXAMPLES
BITCOINETHEREUM
PRIVATE vs PUBLICREGULATIONS
HANDS ONQ&A
TRY DEFINING THE INTERNET
DEFINITION
DECENTRALIZED LEDGER
DEFINITION
DECENTRALIZED LEDGER
DEFINITION
GLOBAL UNFORGEABLE COMPUTER
DEFINITION
GLOBAL UNFORGEABLE COMPUTER
Process codeStore data
Cryptographicallysecured
Linked to the internet
DEFINITION
ENABLES TRUE P2P
DEFINITION
DEFINITION(S)EXAMPLES
BITCOINETHEREUM
PRIVATE vs PUBLICREGULATIONS
HANDS ONQ&A
EXAMPLES
ENERGY
EXAMPLES
INTERNET OF THINGS
EXAMPLES
GOVERNANCE
EXAMPLES
LOTTERY
EXAMPLES
FINANCIAL
DEFINITION(S)EXAMPLES
BITCOINETHEREUM
PRIVATE vs PUBLICREGULATIONS
HANDS ONQ&A
BITCOIN/HISTORY
SATOSHI NAKAMOTO
WHITEPAPER 2009
10,000 BTC PIZZA
2008 CRISIS
WIKILEAKS
MT.GOXSILK ROAD
NEWSWEEK
$410
21M
$6.34B
NASDAQ
CRYPTOCURRENCY
BITCOIN
BITCOIN/UNDER THE HOOD
IDENTIFICATION+
LEDGER+
TX CONSENSUS=
LEGACY BANKING
BITCOIN/UNDER THE HOOD
IDENTIFICATION+
LEDGER+
TX CONSENSUS=
LEGACY BANKING
PUBLIC KEY CRYPTOGRAPHY+
DISTRIBUTED LEDGER+
DISTRIBUTED CONSENSUS=
MAGIC INTERNET MONEY OF THE FUTURE
BITCOIN/UNDER THE HOOD
PUBLIC KEY CRYPTOGRAPHY+
DISTRIBUTED LEDGER+
DISTRIBUTED CONSENSUS=
MAGIC INTERNET MONEY OF THE FUTURE
BITCOIN/UNDER THE HOOD
PUBLIC KEY CRYPTOGRAPHY+DISTRIBUTED LEDGER+DISTRIBUTED CONSENSUS
18n9NVdLuMBSA4XaaeXM9YZfwSjwKWKxcp
KzmuYVS7kNJata87wAgTuRugz5vCzpmjsSy5FEaKXXyBrMCKWuU5
Public address
Private key
BITCOIN/UNDER THE HOOD
PUBLIC KEY CRYPTOGRAPHY+DISTRIBUTED LEDGER+DISTRIBUTED CONSENSUS
BITCOIN/UNDER THE HOOD
PUBLIC KEY CRYPTOGRAPHY+DISTRIBUTED LEDGER+DISTRIBUTED CONSENSUS
25BTC REWARDTX
TXTX
TX
BLOCK 1001
BLOCK 1002
BLOCK 1003
TX
TXTX
TX
TX
TX
25BTC REWARD
25BTC REWARD
= MINING
BITCOIN/UNDER THE HOOD
PUBLIC KEY CRYPTOGRAPHY+DISTRIBUTED LEDGER+DISTRIBUTED CONSENSUS
SHA256OF
HASH PREVIOUS BLOCK+
CURRENT TRANSACTIONS+
X=
0000000ABCDEFG...
= PROOF OF WORK
DEFINITION(S)EXAMPLES
BITCOINETHEREUM
PRIVATE vs PUBLICREGULATIONS
HANDS ONQ&A
ETHEREUM/HISTORY
MASTERCOIN
WHITEPAPER 2013
18M CROWDSALE
VITALIK BUTERIN
BETA RELEASE JULY 2015
STABLE RELEASE PI DAY
2016
ETHEREUM/HISTORY
MASTERCOIN
WHITEPAPER 2013
18M CROWDSALE
VITALIK BUTERIN
BETA RELEASE JULY 2015
STABLE RELEASE PI DAY
2016
ETHEREUM/HISTORY
FEB 2016
AUG 2014
0.30
14.0
Wait for it....
ETHEREUM/UNDER THE HOOD
BLOCKCHAIN+
STEROIDS=
MAGIC INTERNET MONEY OF THE FUTURE
ETHEREUM/UNDER THE HOOD
BLOCKCHAIN+
STEROIDS=
MAGIC INTERNET MONEY OF THE FUTURE
PROGRAMMING LANGUAGE
ETHEREUM/UNDER THE HOOD
Code xCode yCode z
Code xCode yCode z
Code xCode yCode z
Code xCode yCode z
Lottery example
Address = qahDsywu739DHHhe9dhdddkIIoeP
If day == Saturday;Time == 6pm;
Run random function (participants);
Pay out (winner);
DEFINITION(S)EXAMPLES
BITCOINETHEREUM
PRIVATE vs PUBLICREGULATIONS
HANDS ONQ&A
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
DEFINITION(S)EXAMPLES
BITCOINETHEREUM
PRIVATE vs PUBLICREGULATIONS
HANDS ONQ&A
REGULATIONS
USCOMMODITY
UKUNREGULATED
AUSTRALIAUNREGULATED
GERMANYPRIVATE MONEY
CHINAOK FOR PRIVATE USE
RUSSIAILLEGAL
DEFINITION(S)EXAMPLES
BITCOINETHEREUM
PRIVATE vs PUBLICREGULATIONS
HANDS ONQ&A
HANDS ON
WALLETS, EXCHANGES & OTHER COOL STUFF
HANDS ON
Coindesk - http://www.coindesk.comCoin 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.comCoinAcademy - http://coinacademy.co/
CoinMarketCap - http://coinmarketcap.com/WeUseCoins - https://www.weusecoins.com/Bitfilm - http://www.bitfilm.com/bitfilm-festival/
Bitcoin Obituaries - https://99bitcoins.com/bitcoinobituariesLedger - www.ledgerwallet.com
Kraken - www.kraken.comChngetip - www.changetip.com
Q&A
MINING GAME
Q&A
WHAT ARE THE FIRST 5 CHARS OF THE SHA256 HASH OF
“sxsw”(lower case)
Q&A
87f0c
DEFINITION(S)EXAMPLES
BITCOINETHEREUM
PRIVATE vs PUBLICREGULATIONS
HANDS ONQ&A
Q&A
ASK AWAY.
THANK YOU.Download presentation at http://www.slideshare.net/c_rindi/
@CaterinaRindiRindiConsulting.com
[email protected] at oneup.company