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Virtual Currencies: A Case Study of Bitcoin

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Virtual Currencies: A Case Study of Bitcoin
  • Description
  • Outcome
  • Certification
  • Bitcoin is a type of digital currency that can be used in electronic payment systems. It is a crypto-currency that relies on sophisticated cryptographic methods to create and manage the currency.

    In this course you will be introduced to Bitcoin and you will be guided through the features and functions of this currency system. You will learn how cryptographic hash functions allow the secure transfer of bitcoins across the Internet and how transactions are secured using Bitcoin miners.

    This course will be of great interest to all entrepreneurs and business people who would like a greater understanding of how Bitcoin functions and how it may be used in electronic payment systems. The course will also be of interest to all learners who may have heard of Bitcoin and would like to learn more about it.

  • After studying this course you will be able to: - Describe how Bitcoin is used as an electronic payment system; - Describe the function of cryptographic hash functions; - Describe how digital signatures and proof of work ensure security; - Describe the importance of transaction block chains and how they are created.

  • All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.

    Having an official Alison document is a great way to celebrate and share your success. It is:

    • Ideal to include with CVs, job applications and portfolios
    • A way to show your ability to learn and achieve high results


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