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By Chetan Thakre
Something about me?
 A cybersec enthusiast.
 A budding programmer.
 A dancer.
 And the founder of Neo’s foundation.
Overview
 Introduction to Bitcoin
 How Bitcoin works ?
 What are the different types of wallets?
 How to choose your wallet ?
 How to manage them
Introduction to
Bitcoin
First decentralized digital
currency.
Introduced in 2008 by Satoshi
Nakamoto.
peer to peer payment system.
Also called Crypto-currency.
How Bitcoin Works ?
 Balances – Block chain
 Transactions - Private keys
 Processing – Mining
Balances – Block chain
 It is a shared public ledger.
 The whole Bit-coin network relies on it .
 It includes all the confirmed transactions.
Transactions – Private keys
 A transfer of value between bitcoin
wallets that gets included in the block
chain.
 First transaction in a bitcoin is a special
transaction it start a new coin.
 Bitcoin wallet keeps a secret piece of
data which is called private key or seed
which is used to sign transactions.
Processing - Mining
 Required for the existence of bitcoin
network and generation of new bitcoins .
 It enforces a chronological order in the
block chain, protects the neutrality of the
network, and allows different computers
to agree on the state of the system.
Bitcoin faucet :-
 Was developed by Galvin Anderson in
2010.
 Bitcoin faucet are a reward system in
the form of a web or an application, that
dispenses rewards in the form of satoshi
which is a hundreds of a millionth BTC.
Top list of bitcoin faucets :-
 1. Milli – The best faucet around :)
 2. Bitcoin Aliens: Have fun, earn money
 3. Bonus Bitcoin
 4. BitcoinZebra
 5. Bitcoinker
 6. Robot Coin: Become the champion,
become rich
 7. Wonderland Coin: Feed critters, feed
your wallet
What is a bitcoin wallet :-
 A bitcoin wallet resembles to your bank
account.
 It lets you send, receive and store
bitcoins.
 A wide variety of wallets are available
over the internet.
Categories of bitcoin wallets
:-
 Hot and Cold wallets
 Desktop wallets
 Mobile wallets
 Hardware wallets
 Physical wallets
How to secure your wallet :-
 be careful with any online services
designed to store your money online.
 Small amount for everyday uses
 Backup your wallets
 Encrypt online backup
 Use offline wallets for saving
 Encrypt your wallet too.
 Multi-signature to protect against theft
Any question?
Introduction to bitcoin

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Introduction to bitcoin

  • 2. Something about me?  A cybersec enthusiast.  A budding programmer.  A dancer.  And the founder of Neo’s foundation.
  • 3. Overview  Introduction to Bitcoin  How Bitcoin works ?  What are the different types of wallets?  How to choose your wallet ?  How to manage them
  • 4. Introduction to Bitcoin First decentralized digital currency. Introduced in 2008 by Satoshi Nakamoto. peer to peer payment system. Also called Crypto-currency.
  • 5. How Bitcoin Works ?  Balances – Block chain  Transactions - Private keys  Processing – Mining
  • 6. Balances – Block chain  It is a shared public ledger.  The whole Bit-coin network relies on it .  It includes all the confirmed transactions.
  • 7.
  • 8. Transactions – Private keys  A transfer of value between bitcoin wallets that gets included in the block chain.  First transaction in a bitcoin is a special transaction it start a new coin.  Bitcoin wallet keeps a secret piece of data which is called private key or seed which is used to sign transactions.
  • 9. Processing - Mining  Required for the existence of bitcoin network and generation of new bitcoins .  It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system.
  • 10. Bitcoin faucet :-  Was developed by Galvin Anderson in 2010.  Bitcoin faucet are a reward system in the form of a web or an application, that dispenses rewards in the form of satoshi which is a hundreds of a millionth BTC.
  • 11.
  • 12.
  • 13. Top list of bitcoin faucets :-  1. Milli – The best faucet around :)  2. Bitcoin Aliens: Have fun, earn money  3. Bonus Bitcoin  4. BitcoinZebra  5. Bitcoinker  6. Robot Coin: Become the champion, become rich  7. Wonderland Coin: Feed critters, feed your wallet
  • 14. What is a bitcoin wallet :-  A bitcoin wallet resembles to your bank account.  It lets you send, receive and store bitcoins.  A wide variety of wallets are available over the internet.
  • 15. Categories of bitcoin wallets :-  Hot and Cold wallets  Desktop wallets  Mobile wallets  Hardware wallets  Physical wallets
  • 16. How to secure your wallet :-  be careful with any online services designed to store your money online.  Small amount for everyday uses  Backup your wallets  Encrypt online backup  Use offline wallets for saving  Encrypt your wallet too.  Multi-signature to protect against theft