Rudimentary Analysis of Bitcoin Network Zehady Abdullah Khan Lab of Professor Hidetoshi Shimodaira Bachelor 4 th year, Mathematical Science Course, Department of Information and Computer Sciences, School Of Engineering Science, Osaka University. 3/30/2015 1
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Rudimentary Analysis of
Bitcoin Network
Zehady Abdullah Khan
Lab of Professor Hidetoshi ShimodairaBachelor 4th year,
Mathematical Science Course,
Department of Information and Computer Sciences,
School Of Engineering Science,
Osaka University.
3/30/2015
1
Bitcoin
• Bitcoin is the first decentralized, widely adopted digital
currency.
• Bitcoin generation process is called Bitcoin Mining.
• Mined in the form of Bitcoin blocks (1 Block = 25 bitcoin).
• Requires immense computational power from dedicated
Bitcoin Miners connecting through internet protocols.
• Each Bitcoin block contains bitcoin transactions.