"Blockchain Mechanics: Demystifying how Bitcoin and the Blockchain Work"
Bitcoin, and its underlying blockchain architecture hold out extraordinary promise for decentralizing and streamlining a host of business processes. However, it can be difficult to separate reality from the hype surrounding blockchains. This talk will go into the actual mechanics of blockchains – how blockchains insure transaction integrity, how consensus algorithms (Proof of Work, Proof of Stake) work, and discuss how these algorithms are used in systems beyond Bitcoin. We will also explore smart contracts and other extensions to blockchains.