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Scotiabank Digital Banking Lab

Bitcoin Crash Course

Bitcoin Crash Course

Many have heard of bitcoin, but few understand its various aspects… That’s why we have carefully prepared this 60 minute bitcoin crash course. No prior knowledge required! Just read, watch the videos, and in one hour, you’ll know what bitcoin is all about.

Where does bitcoin come from?

The bitcoin paper

Bitcoin was first described in a 9-page research paper posted online in 2008 under the pseudonym Satoshi Nakamoto. The paper, titled Bitcoin: A peer-to-peer electronic cash system, covers a broad variety of topics, such as financial economics (transaction costs, trusted third-parties, money supply), network engineering (distributed decision making, data routing, cyberattacks), and cryptography, a branch of mathematics interested in establishing secure communications to facilitate peer-to-peer, open, and borderless transactions between users.