Welcome to “Visualizing Proof of Work Algorithms with Microprocessors” with Josh McIntyre. This presentation was delivered on Thursday, August 29th 2019.
The proof-of-work algorithm is at the core of Bitcoin’s security model, allowing consensus without the need to trust an intermediary. Every Bitcoin user can benefit from understanding proof-of-work, but the underlying mechanisms including cryptographic hashes, binary numbers, and probability are difficult to understand without a computer science background. In this session, we’ll explore a way to visually understand proof-of-work using a microprocessor with LEDs and a toy algorithm.
What will students learn?
You’ll learn the computation and economics behind proof-of-work without needing the requisite computer science knowledge. You’ll learn how difficulty effects proof-of-work (probability).
This course is appropriate for people new to the industry, professionals, and developers who want to better understand how proof-of-work works.
Josh McIntyre is an avid learner and explainer, especially when it comes to cryptocurrency topics. He is employed full time at Microsoft in Pittsburgh, PA. As his side project and labor of love, he runs a website called chaintuts, providing articles, videos, and code projects that break down core cryptocurrency concepts. His goal is to explain Bitcoin and blockchain to anyone who wants to learn about this endlessly fascinating and empowering technology.
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Note: Downloadable slides for this presentation are not available.