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On internet, all trades are done with financial
institutionsHTGrenoble November 2015 - @sabativi
Exchange money without the need of a central
trusted partyHTGrenoble November 2015 - @sabativi
How to reach a concensus on a peer to peer Network ?
HTGrenoble November 2015 - @sabativi
Problems· Identification ?
· How to avoid thief ?· Enough money ?
· How to avoid double spending ?
HTGrenoble November 2015 - @sabativi
Every transaction is signed with a private key and integrity is checked1
1 same data structures as Git
HTGrenoble November 2015 - @sabativi
Transactions have inputs that reference previous outputs transactions.
HTGrenoble November 2015 - @sabativi
Miners· Decentralized validation.
· Incentive.HTGrenoble November 2015 - @sabativi
We have replace Trust in Finance by trust in Math.
HTGrenoble November 2015 - @sabativi
Interested in Bitcoin ?Meetup Grenoble
HTGrenoble November 2015 - @sabativi
I have constructed this presentation based on :· Bitcoin under the hood
· Mastering Bitcoin· Original paper
· Coursera
HTGrenoble November 2015 - @sabativi
![Bitcoin Mining Term paper - InfoSecWriters.comeconomist Kevin Dowd who warned of “pooled mining” being destructive to Bitcoin [11]. Mike Hearn, a former Bitcoin developer, talks](https://img.pdfslide.net/doc/110x75/5f5d09f24744bc372b368801/bitcoin-mining-term-paper-economist-kevin-dowd-who-warned-of-aoepooled-mininga.jpg)
![Bitcoin: An Innovative Alternative Digital Currencybitcoinaffiliatelist.com/wp-content/uploads/bitcoin-by-reubengrin... · WINTER 2012] BITCOIN: ALTERNATIVE DIGITAL CURRENCY 161 Bitcoin](https://img.pdfslide.net/doc/110x75/5c65aca109d3f2916e8d2298/bitcoin-an-innovative-alternative-digital-currency-winter-2012-bitcoin-alternative.jpg)
