3. KEY CONCEPTS
Wallet Public key Private key Hashing Concensus
Proof of work Proof of stake Timestamp Immutable Distributed
Nodes
Public &
Private
Smart
contract
4. BLOCK CHAIN TECHNOLOGY -
PLATFORMS
Platforms
• Bitcoin
• Ethereum
• Hyperledger
Block chain
Source of truth
• Technology platform – decentralized ledger
• Protocol and client – software programs that
conducts transactions
• Digital currency – Cryptocurrency
5. COINS WORLD
Cryptocurrencies Blackcoin - peer to peer, open source, PoS
Primecoin - innovative, derived from Satoshi Nakamoto’s Bitcoin, POW
Namecoin – NMC, first fork of Bitcoin, POW
Vertcoin – as Bitcoin + better POW
Gridcoin - PoS
Potcoin – legalized cannabis industry