This talk was presented by Miguel Duarte (http://miguelduarte.pt) at Codebits VII (http://codebits.eu). Unfortunately, the video doesn't show the presentation slides, but they can be accessed here: http://www.slideshare.net/MiKe402/cryptocurrency-for-dummies The original abstract is as follows: You've probably heard of Bitcoin, right? Bitcoin is original cryptocurrency which exploded in value in the last few months and paved the way for alt-coins such as Litecoin, Quark or Dogecoin. Currently, 1 bitcoin is worth nearly $1000, which left some of the original investors and miners, with thousands upon thousands of bitcoins, quite rich. Recently, even the Dogecoin community helped fund Jamaica's bobsled team to help go to the Sochi Winter Olympics by donating 30 million dogecoins, or roughly $30,000! What the hell is that all about? This talk aims to explain what cryptocurrencies are, how they work, and how they create value. Here are some of the topics I intend on covering: -the advantages of cryptocurrencies; -the basics of the blockchain; -how new blocks are mined using proof-of-work algorithms; -how to mine using CPU, GPU or even ASIC miners; -differences between Bitcoin's algorithm and scrypt-based alt-coins; -security considerations; -an overview of how cryptocurrencies are currently being used in society; -how cryptocurrencies can change the world's economic landscape.
Visibility: 8177
Duration: 54m 48s
Rating: 13