This document provides an overview of blockchain technology including definitions, examples, and comparisons of public vs private blockchains. It discusses the history and workings of Bitcoin and Ethereum, as well as regulations and hands-on resources. The document concludes with a Q&A section to engage participants.
26. BITCOIN/UNDER THE HOOD
PUBLIC KEY CRYPTOGRAPHY
+
DISTRIBUTED LEDGER
+
DISTRIBUTED CONSENSUS
SHA256
OF
HASH PREVIOUS BLOCK
+
CURRENT TRANSACTIONS
+
X
=
0000000ABCDEFG...
= PROOF OF WORK
34. ETHEREUM/UNDER THE HOOD
Code x
Code y
Code z
Code x
Code y
Code z
Code x
Code y
Code z
Code x
Code y
Code z
Lottery example
Address =
qahDsywu739DHHhe9dhdddkIIoeP
If day == Saturday;
Time == 6pm;
Run random function (participants);
Pay out (winner);
36. PRIVATE vs PUBLIC
100% PRIVATE 100% PUBLIC
Auditable
Irreversible
Censorship-resistant
Consensus though mining
Not auditable
Reversible
Permissioned
Consensus through trusted party
Adjust your blockchain
Eg: MS Excel Eg: Bitcoin, Ethereum