Upgrade to Pro
— share decks privately, control downloads, hide ads and more …
Speaker Deck
Features
Speaker Deck
PRO
Sign in
Sign up for free
Search
Search
How Bitcoin Works
Search
Penelope Phippen
June 01, 2013
0
130
How Bitcoin Works
Penelope Phippen
June 01, 2013
Tweet
Share
More Decks by Penelope Phippen
See All by Penelope Phippen
Introducing Rubyfmt
penelope_zone
0
560
How RSpec Works
penelope_zone
0
6.6k
Quick and easy browser testing using RSpec and Rails 5.1
penelope_zone
1
82
Teaching RSpec to play nice with Rails
penelope_zone
2
140
Little machines that eat strings
penelope_zone
1
99
What is processor (brighton ruby edition)
penelope_zone
0
110
What is processor?
penelope_zone
1
350
extremely defensive coding - rubyconf edition
penelope_zone
0
260
Agile, etc.
penelope_zone
2
220
Featured
See All Featured
I Don’t Have Time: Getting Over the Fear to Launch Your Podcast
jcasabona
33
2.4k
Rebuilding a faster, lazier Slack
samanthasiow
83
9.1k
"I'm Feeling Lucky" - Building Great Search Experiences for Today's Users (#IAC19)
danielanewman
229
22k
Making Projects Easy
brettharned
117
6.3k
Building Better People: How to give real-time feedback that sticks.
wjessup
367
19k
Design and Strategy: How to Deal with People Who Don’t "Get" Design
morganepeng
130
19k
Helping Users Find Their Own Way: Creating Modern Search Experiences
danielanewman
29
2.8k
Connecting the Dots Between Site Speed, User Experience & Your Business [WebExpo 2025]
tammyeverts
8
390
Reflections from 52 weeks, 52 projects
jeffersonlam
351
21k
A better future with KSS
kneath
238
17k
[RailsConf 2023 Opening Keynote] The Magic of Rails
eileencodes
29
9.6k
The Language of Interfaces
destraynor
158
25k
Transcript
How works Sam Phippen /samphippen
Confession: I am actually a rubyist
Confession: I am actually a rubyist I am actually a
rubyist...
...but I love Python
None
Bitcoin is a peer to peer network
Nodes relay and emit transactions
Nodes can mine
Mining is a hard crypto problem that verifies transactions
Mining produces “blocks”
Each block has a parent Like a git commit
Longest block chain always wins
Bitcoin totally does not scale
From their wiki: “Let’s assume an average rate of 2000
transactions per second... this means shifting 1 gigabyte per second”
Let’s have some questions /samphippen
[email protected]
http://teaisaweso.me/talks