 http://medium.com Getting the world of crptocurrency unraveled today the blockchain week was so interesting and as usual i have to share with you some of the high points from the speakers Cryptocurrencies are assets built on the blockchain example Bitcoin, Litecoin, Ethereum etc *Lets Talk About Bitcoin* Bitcoin was created to be the perfect money after the market and banks crashed in 2008 by Satoshi Nakamoto (The name used by the unknown person or group of people who created Bitcoin) With its first implementation on the 3rd of January 2009. Bitcoin is also the first digital currency that came on the blockchain *What Makes Bitcoin Work?* 1. It is durable 2. It is decentralized 3. It uses Peer To Peer connection 4. It is divisible etc... Bitcoin was created to be the peoples money and it also stores account transactions. The first transaction on the Bitcoin blockchain was a coin base transaction and its value started frome zero (0) and grew to what it is now. For every block of Bitcoin that is created, a particular amount of coin is added. A typical Bitcoin transaction has input and output.  http://hack.com For every transaction in the Bitcoin blockchain the owner must proof that the inputs are his before having access to the coins. You don't need anything special to own a Bitcoin Wallet. There is almost no barrier to the usage of Bitcoin apart from the need of a device and internet *How Can We Conbtribute To The Growth Of Bitcoin?* 1. By working for bitcoin and exchanging value on the blockchain 2. Rendering service in exchange for BTC 3. Starts accepting BTC for services rendered especially by entrepreneurs 4. Read more about Cryptocurrency and BTC , stay up to date with things informations and happenings in the blckhain 5. Share the knowledge of BTC with others etc.. *Hope we learned something new today?* *Thanks for reading!*  *❤* *@nigerian-yogagal*
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| permlink | cryptocurrencies-workstation-blockchain-day-2-hightlights |
| category | blockchain |
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