Education

An Introduction to Bitcoin and Blockchain Technology

31 Jan 2017 16:10
Adrian Przelozny, CEO

Bitcoin and blockchain technologies have received a lot of press coverage in recent times, and it is important to understand the relationship and differences between the two.

In this article we aim to explain and demystify some of the key concepts underpinning these technologies.

Bitcoin is a Digital Currency and a peer-to-peer payment network. Transactions are verified by nodes on the network, and stored on a global, public ledger called the blockchain.

A bitcoin refers to a unit of account on the blockchain. It is a digital currency created and held electronically, that is produced by people running specialised computers all around the world. This creation process is referred to as ‘mining’ and consists of using computing power in the distributed network to solve mathematical problems. The mining process is very computationally intensive, and it is what provides security for all the transactions on the Bitcoin network.

Bitcoin is decentralized and completely transparent thanks to the Bitcoin blockchain, which stores details of every single transaction that has ever occurred on the network. There are many free websites available online where anyone can inspect and view any transaction which has ever taken place on the Bitcoin network.

Bitcoin was created in 2009, by a pseudonymous programmer… click for more

An Introduction to Bitcoin and Blockchain Technology


Adam Tepper answers some common questions about Bitcoin

12 Oct 2014 10:41
Adrian Przelozny, CEO

Adam Tepper answers some common questions about Bitcoin


Market analysis with Lasanka Perera

1 Oct 2014 21:12
Adrian Przelozny, CEO

Market analysis with Lasanka Perera


Adrian Przelozny, CEO, talks Bitcoin security

1 Oct 2014 03:44
Adrian Przelozny, CEO

Adrian Przelozny, CEO, talks Bitcoin security

The People's Money

Bitcoin is a Digital Currency, created and held electronically. It is not controlled by a Government or central entity, and it has often been described as 'cash for the internet', the next big step in the evolution of money.

The People's Money - Bitcoin'

Adam Tepper, founding partner of Independent Reserve, explains the concepts behind Bitcoin in an approachable and easy to understand way.

Adam's book leaves the reader with a solid understanding of this revolutionary new technology and the vast potential that it brings.

Get the Book