The 'Gentle Introduction' Reference Papers are the first in a series of accessible documents published by Brave New Coin for industry decision makers. Designed to demystify the inner workings of Bitcoin, Digital Currencies and the emerging Blockchain technology.
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A Gentle Introduction To Bitcoin
Although bitcoin is often referred to as a decentralised digital currency, think of it as an electronic asset. This sidesteps questions around which government backs it and who sets the interest rate, which are often a mental block in understanding bitcoin.
A Gentle Introduction To Blockchain Technology
People use the term ‘blockchain technology’ to mean different things, and it can be confusing. Sometimes they are talking about The Bitcoin Blockchain, sometimes it’s other virtual currencies, sometimes it’s smart contracts.
A Gentle Introduction To Bitcoin Mining
Mining is the process of writing pages (blocks) of bitcoin transactions into the bitcoin ledger, called ‘The Bitcoin Blockchain’, and getting rewarded with newly created bitcoins.
A Gentle Introduction To Digital Tokens
Digital tokens have come to the fore recently, firstly with excitement about cryptocurrencies such as bitcoin, then with digital tokens being used to represent different assets on a blockchain. What are they? How can you digitise a token? Why is it important?