Working with Bitcoin

Professionals who want to leverage Bitcoin technology in their field of expertise

Prerequisite
None

Expected Duration
49 minutes

Description
Working with Bitcoin involves the use of wallets and clients, and it’s important to understand the security and regulatory considerations when working with the digital currency. In this course, you’ll learn about working with Bitcoin, including wallets and how they work, Bitcoin clients and design, and security and regulatory considerations for working with Bitcoin.

Objective

Bitcoin Mining

  • start the course
  • explain the purpose of mining, the value to miners, and how new bitcoins are created
  • describe Bitcoin mining, proof-of-work, and pooled mining
  • explain mining and processing, and the purpose and types of mining hardware

Working with Wallets

  • describe the types of wallets
  • explain deterministic wallets
  • describe how to secure wallets
  • explain passphrase-encrypted wallets

Bitcoin Clients

  • describe full node and thin clients and security issues relating to both
  • explain the Wallet Input Format (WIF) and importing and exporting functionality in Bitcoin wallets
  • explain how to back up Bitcoin
  • explain Bitcoin transactions and fees
  • describe the various security issues with Bitcoin

Bitcoin Design

  • explain cold storage and offline Bitcoins
  • discuss conjoining and block trades
  • describe how merchants can accept bitcoins

Security Considerations

  • describe payment processors and what they do
  • describe the secure payment protocol (BIP70) and how it’s used
  • explain regulatory and compliance issues surrounding Bitcoin
  • discuss the various tax implications of Bitcoin

Practice: Wallets, Security, and Regulation

  • explain how to work with Bitcoin, including wallets and how they work, Bitcoin clients and design, and security and regulatory considerations for working with Bitcoin

MONTHLY SUBSCRIPTION

$129/month
 

ANNUAL SUBSCRIPTION

$1295/year

Multi-license discounts available for Annual and Monthly subscriptions.