Is Bitcoin the evolution of money? How exactly did Bitcoin evolve and where can I buy or store Bitcoin? These and other fundamental questions will be answered by crypto experts in a webinar on August 27.
After lunch, join us interactively in a half-hour webinar in German language and learn everything worth knowing about the world of crypto currencies. Experts will guide you through the new Blockchain world and answer your questions at the end of the event. In this webinar everything revolves around Bitcoin, the largest crypto currency.
The creation of Bitcoin
Bitcoin is a decentralized network for direct value transfer (peer-to-peer). The concept was designed in 2008 under the pseudonym Satoshi Nakamoto. It is still not clear who is actually behind the pseudonym. The Bitcoin white paper, which was distributed in October 2008 in software development circles, contained a description of how to implement a digital currency based on Blockchain technology. It describes a payment system in which its participants can transfer values on an equal and direct basis (peer-to-peer) without the help of an intermediary. The technological basis was a complex combination of several previously developed components, which were necessary for the creation of a payment system. All transactions are managed on independent computers in a distributed public accounting system.
But what exactly is so revolutionary about Bitcoin?
Until now, it has not been possible to send money or other assets digitally between people without the exchange being controlled and validated by an intermediary. With the Blockchain, the intermediary is eliminated, and the previously necessary trust is fully decentralized. Every Blockchain user can view the latest version of the database at any time. In this way, the individual computers can keep each other in check. To a certain extent collectively, new input to the database is matched with old corresponding data. Only if old and new data match is the transaction considered verified and executed. The scope for potential manipulation is thus infinitesimal.
If we have aroused your interest, we would be pleased to hear from you. Here are some more questions, which will be answered explicitly in the webinar:
- Evolution of money?
- What is Bitcoin?
- How was Bitcoin created?
- How does Bitcoin work?
- Why does Bitcoin have a value?
- How and where can I buy Bitcoin?
- Storage of Bitcoin?
- The Bitcoin Community
Afterwards, questions are discussed and answered by the participants.
Research and crypto experts from the technology and finance company 21Shares will introduce the topic of crypto currencies. The interactive webinars will specifically address recurring questions about the world of Blockchain technology and digital assets. The series is structured and deals with the basic information about the new technology, infrastructure, structure and pricing of digital assets, as well as their investment and storage options. A summary of the webinar on July 15th can be found here: Back to Basics Webinar Summary.