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CryptoCurrency: Bitcoin 101

Monday, October 25, 2021
11:00 am11:40 am
Nepris Online Classroom

What was once only an idea has exploded into world economics. In 2008, Satoshi Nakamoto published the paper, “Bitcoin: A Peer-to-Peer Electronic Cash System.” This idea was to use a combination of different protocols to allow for the secure transfer of funds. Because Bitcoin users can remain anonymous, there is no accurate way of identifying how many people actually use Bitcoin. Estimates range from 40 to 45 million different users in 2020. On average, there are ~300,000 transactions daily.

This presentation will examine the protocols used to provide the secure transfer of funds over the World Wide Web. We will see how new Bitcoins come into existence (mining), and look at the basic protocols – Peer-to-Peer transfer of data, Public Key Cryptography, Hashing, SHA-256 based Proof-of-Work scheme, etc.

Key Questions
* What is there to know about Bitcoins?
* What protocols are used to provide the secure transfer of funds over the internet?

Expected Outcomes
Students will learn about Bitcoins, their history, how funds are transferred securely over the internet, and more.

Visit the link below for the Nepris course page and to register to attend the live CyberChat. If you cannot attend, stay tuned for a link to the recording.

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