50p 2017

A conference about India's digital payments ecosystem.

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BitCoin Demystified

Submitted by Mohan Palaniappan (@mohanpal) on Monday, 3 October 2016

Section: Crisp talk Technical level: Beginner

Abstract

Most of the articles about BitCoin barely scratches the surface and make its readers feel like they know everything about BitCoin. Those articles are primarily designed to market BitCoin or their business around BitCoin rather than educating its internals to the readers. Let me ask you few questions. If you are not confident, this session is for you to learn about it and much more. Learn more about BitCoin and walk out like a real expert.

Outline

1) What is a BitCoin Transaction?
2) How BitCoin network gets established?
3) How can someone execute 51% attack?
4) What is the use of Merkle tree?
5) How often miners run out of nonce?
6) What is locking and unlocking script? How it works?
7) How the network difficulty is determined and who controls it?
8) How exactly the double spending attack is prevented?

Speaker bio

Mohan Palaniappan is a long time Crypto Currency entusiast, BitCoin Trader and (was) a miner. He has conducted BitCoin sessions in PayPal as well as few external venues. He is very passionate about upcoming technologies and keep a close eye on tech world. He has more than a decade experience in the Software industry and has a personal blog https://mohanpalaniappan.com where he scribbles sometimes. He is a Domain Technical Lead and Subject Matter Expert in PayPal customer support product development group. Other than work, Hacker News and reddit are his favourite hangout places.

Comments

  • Kelly Watson (@clydehabitual) 5 months ago

    Most of the articles about BitCoin barely scratches the surface and make its readers feel like they know everything about BitCoin. Those articles are primarily designed to market BitCoin or their business around BitCoin rather than educating its internals to the readers. Let me ask you few questions. If you are not confident, this session is for you to learn about it and much more. Learn more about BitCoin and walk out like a real expert.
    http://shell-shockers.io/

  • McAfee Activate (@mcafeeactivate2) 2 months ago

    Bitcoin is one of those names which have been into headlines for various different reasons, it is used to get into trouble by its doing, and the officials have no clue what to about it or how to deal with this.
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  • Mcafeee Activates (@mcafeeactivate10) 2 months ago

    The abstract about the Bitcoin is really very nice, the outline is clearly depicted and give a good idea. Looks like speaker has very much experience with Bitcoins, well it is good to trade online but while doing so to prevent frauds use McAfee Security which does not let you fake or fraud links. Explore for more details at: https://mcafeeactivates.co/

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