Bitcoin: Difference between revisions
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=Basics= | =Basics= | ||
*The First Decentralized Cryptocurrency | *The First Decentralized Cryptocurrency | ||
*May not be the best, but it is widely in use compared to other cryptocurrencies | *May not be the best, but it is widely in use compared to other cryptocurrencies | ||
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<html><iframe width="560" height="315" src="https://www.youtube.com/embed/T2zH-T_hmLs" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe></html> | <html><iframe width="560" height="315" src="https://www.youtube.com/embed/T2zH-T_hmLs" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe></html> | ||
=Seminal Books= | =Seminal Books= | ||
*Andreas Antonopoulos - Mastering Bitcoin - [https://www.amazon.com/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042] | *Andreas Antonopoulos - Mastering Bitcoin - [https://www.amazon.com/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042] | ||
*Top 3 books by Investopedia - [https://www.investopedia.com/articles/personal-finance/091316/top-3-books-learn-about-blockchain.asp] | *Top 3 books by Investopedia - [https://www.investopedia.com/articles/personal-finance/091316/top-3-books-learn-about-blockchain.asp] | ||
*'''Article on Medium''' - follow this thread - simple nontechnical examples for aha moments - [https://medium.com/startup-grind/gentle-intro-to-blockchain-and-smart-contracts-part-1-3328afca62ab] | *'''Article on Medium''' - follow this thread - simple nontechnical examples for aha moments - [https://medium.com/startup-grind/gentle-intro-to-blockchain-and-smart-contracts-part-1-3328afca62ab] | ||
=Notes= | =Notes= | ||
*The wallet is a public-private key pair | *The wallet is a public-private key pair | ||
*Hardware wallet or paper copy is safest - ledger nano s, or https://trezor.io/ | *Hardware wallet or paper copy is safest - ledger nano s, or https://trezor.io/ | ||
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*Private key is what is used to access your wallet | *Private key is what is used to access your wallet | ||
*Miners - ant miners pay for themselves in a few month. | *Miners - ant miners pay for themselves in a few month. | ||
=Hardware Wallets= | =Hardware Wallets= | ||
*About - https://en.bitcoin.it/wiki/Hardware_wallet | *About - https://en.bitcoin.it/wiki/Hardware_wallet | ||
=See Also= | =See Also= | ||
*[[Open Source Bitcoin Mining Rig]] | *[[Open Source Bitcoin Mining Rig]] | ||
=Lex Comments= | =Lex Comments= | ||
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https://www.coindesk.com/short-guide-blockchain-consensus-protocols/ | https://www.coindesk.com/short-guide-blockchain-consensus-protocols/ | ||
=Eric's Comments= | |||
In regards to wasteful mining, that is why i find [[FairCoin]] more appealing than bitcoin. Really worth a look. I mainly added this page because bitcoin is really common, and it was the first major cryptocurrency to take off. | |||
=See Also= | |||
*[[Open Source Currency Construction Set]] | |||
=Useful Links= | =Useful Links= | ||
*Understanding Change Addresses - [https://bitzuma.com/posts/five-ways-to-lose-money-with-bitcoin-change-addresses/] | *Understanding Change Addresses - [https://bitzuma.com/posts/five-ways-to-lose-money-with-bitcoin-change-addresses/] | ||
*[https://en.wikipedia.org/wiki/Bitcoin Wikipedia Page on Bitcoin] | *[https://en.wikipedia.org/wiki/Bitcoin Wikipedia Page on Bitcoin] | ||
Revision as of 01:05, 1 February 2018
Basics
- The First Decentralized Cryptocurrency
- May not be the best, but it is widely in use compared to other cryptocurrencies
- Part of the Open Source Currency Construction Set
Seminal Books
- Andreas Antonopoulos - Mastering Bitcoin - [1]
- Top 3 books by Investopedia - [2]
- Article on Medium - follow this thread - simple nontechnical examples for aha moments - [3]
Notes
- The wallet is a public-private key pair
- Hardware wallet or paper copy is safest - ledger nano s, or https://trezor.io/
- The hardware wallet should have a display. The display is used to generate your key pair if you lose - you can recreate your key pair by 20 words that you write down or remember.
- Exchanges typically store your private key.
- Private key is what is used to access your wallet
- Miners - ant miners pay for themselves in a few month.
Hardware Wallets
See Also
Lex Comments
Saw your post about skycoin...
I would say *any* crypto currencies that relies on CPU intensive mining is not "appropriate" technology. It's wasteful and dumb :-)
Even the 2nd most popular crypto currency, Ethereum, is very actively looking to move away from wasteful mining and actually already is pushing out a new Proof-of-Stake algorithm:
https://www.coindesk.com/ethereums-big-switch-the-new-roadmap-to-proof-of-stake/
Basically, look for anything other than PoW (Proof-of-Work).
Here is a short primer on the various other census algorithms:
https://www.coindesk.com/short-guide-blockchain-consensus-protocols/
Eric's Comments
In regards to wasteful mining, that is why i find FairCoin more appealing than bitcoin. Really worth a look. I mainly added this page because bitcoin is really common, and it was the first major cryptocurrency to take off.
See Also
Useful Links
- Understanding Change Addresses - [4]
- Wikipedia Page on Bitcoin