5. A network
Bitcoin miners: Specialized
computers that do the math
required to secure bitcoin
transactions.
These processes 1) process
entries and 2) generate new
bitcoin.
6. A ledger
Everyone running a node of
the Bitcoin protocol helps to
maintain a shared, distributed
ledger of transactions called a
“blockchain.”
7. Why does this
matter?
Bitcoin is money that can work
without any central party: no
one website, bank, company, or
government controls bitcoin.
That has its advantages.
8. Why does this
matter?
Bitcoin creates the first record
of history (and money) that is:
- Trustless
- Incorruptible
- Permanent
11. Under the hood
A bitcoin user’s “public key” and
“private key” create and verify a
signature.
A signed transaction “message”
then broadcasts to the bitcoin
network for addition to the
ledger.
14. Bitcoin changes
payments
Most of today's payment methods were
build pre-Internet.
- Credit card fraud and chargebacks
- Slow transfer times
- High fees
- International settlement limitation
15. Bitcoin changes
payments
Bitcoin was made for commerce on the
Internet.
- Universal transactions
- Secure transactions
- Low-cost payments
- Fast settlement times
18. Bitcoin beyond
payments
- Marketplaces (OpenBazaar)
- DNS Registrars (Namecoin)
- Healthcare (Gem)
Bitcoin and its distributed ledger can
disrupt any centralized ledger used
today.
19. What does this
mean for me?
The future is decentralized.
Here’s how you can start participating.
20. Step 1: Get a Wallet
- BitPay Wallet
- Copay Wallet
- Breadwallet
- Airbitz Wallet
21. Step 2: Get some
bitcoin
- Buy it
- Earn it
- Get it from a friend
22. Step 3: Use bitcoin to
buy something
Into gaming? Buy a game on
Steam. Buy gift cards with
Gyft, food on Takeaway, or
travel with Destinia.