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Introduction

Bitcoin and the blockchain have the potential to be among the most disruptive technologies of the early 21st century. This framework provides an overview of how Bitcoin and its underlying technology the blockchain operates.

Highlights

  • Bitcoin is a decentralized cryptographic peer-to-peer electronic currency. Using cryptographic “hashing” techniques, each bitcoin maintains a record of its ownership. All transactions are recorded in a public ledger “blockchain,” preventing double spending. Blockchain technology and its enabling of decentralized networks remains at a very early stage of evolution, and it is now being developed for a variety of use cases across financial services and further afield.

Features and Benefits

  • Understand what Bitcoin is, and how it can remain cryptographically secure.
  • Learn what the blockchain is, and how it can be applied to uses beyond Bitcoin.

Key questions answered

  • How does Bitcoin work?
  • What is the blockchain? Does it have any uses beyond payments?

Table of contents

Summary

  • Introduction
  • Download 1: Framework: Bitcoin and the Blockchain Basics

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