Money, Bitcoin & Blockchain

📚 Topic overview: Money 💰, Bitcoin ₿ & Blockchain 🔗

 

The outline logically structures the material from the basics of money to advanced cryptocurrency concepts:

 

Money and the monetary system 💶

• Basics: Evolution, functions of money, fiat currency (today's monetary system) 🏦.
• History/development: The four ‘ages of money’

Bitcoin (₿)

• Introduction: Origin 💡, comparison with conventional transactions.
• Technology & solution: The problem in the digital space, decentralised trust as a Bitcoin solution.
• Processes: Mining ⛏️, halving.
• Significance: Main achievements, comparison across space and time.
• Scaling: Bitcoin Lightning Network ⚡.

Blockchain (🔗)

• How it works: Core principles, the chain of blocks ⛓️.
• Technical backbone: Hash function 🔐, hashing in the mining process (proof-of-work).
• Actors & mechanisms: Nodes/validators 🧑‍💻, consensus mechanisms (PoW vs. PoS) 🔒, cryptographic keys (private key & public key) 🔑.
• Scalability: Layer 2 solutions.

Critical questions 🤔

• Discussion and clarification of common criticisms and questions about Bitcoin (e.g. definition as money, speed, environmental impact ⚡️, anonymity, security 🛡️, maximum supply).