Workshops:March 10-11, 2016
Presentation: Bitcoin Security: 1/10th cent to a billion dollars
Location:
- Windsor, 5th flr.
Duration
Day of week:
- Tuesday
Abstract
Bitcoin allows for new applications that utilize programmatic nanopayments smaller than a penny. Alternatively, bitcoin also allows millions of dollars to be stored on a flash drive, on a piece on paper, or in a passphrase. These disparate ways of using the same underlying bitcoin protocol require vastly different security models.
This talk explores micropayment and wealth storage use cases for bitcoin and examines the various novel cryptosystems used to facilitate micro-penny payments and secure billions of dollars in global bitcoin banks.
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