-
Notifications
You must be signed in to change notification settings - Fork 31
Commit
This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository.
- Loading branch information
Showing
37 changed files
with
475 additions
and
490 deletions.
There are no files selected for viewing
This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
Original file line number | Diff line number | Diff line change |
---|---|---|
@@ -1,35 +1,34 @@ | ||
# Blockchains Explained | ||
# ะะปะพะบัะตะนะฝ: ะบะฐะบ ััะพ ัะฐะฑะพัะฐะตั | ||
|
||
ะะฐะฒะฐะนัะต ัะฐะทะฑะตัะตะผัั, ะบะฐะบ ัะฐะฑะพัะฐัั Bitcoin ะธ ะดััะณะธะต ะฒะตะดััะธะต ะบัะธะฟัะพะฒะฐะปััั. ะงัะพ ะดะตะปะฐะตั ะธั ะพัะพะฑะตะฝะฝัะผะธ ะธ ัะตะผ ะพะฝะธ ะพัะปะธัะฐัััั ะพั ััะฐะดะธัะธะพะฝะฝัั ะดะตะฝะตะณ ะฝะฐ ะฒะฐัะตะผ ะฑะฐะฝะบะพะฒัะบะพะผ ััะตัะต? | ||
|
||
Letโs explore how Bitcoin and other top-tier cryptocurrencies work. What makes them special, and how are they different from traditional money in your bank account? | ||
Bitcoin ะธ ะฒะตะดััะธะต ะบัะธะฟัะพะฒะฐะปััั, ัะฐะบะธะต ะบะฐะบ Ethereum, ัะฐะฑะพัะฐัั ะฝะฐ ะพัะฝะพะฒะต **ัะตั ะฝะพะปะพะณะธะธ ะฑะปะพะบัะตะนะฝ**. ะญัะฐ ัะตั ะฝะพะปะพะณะธั ะฟะพะทะฒะพะปัะตั ะผะธะปะปะธะพะฝะฐะผ ะฝะตะทะฐะฒะธัะธะผัั ััััะพะนััะฒ (ัะตะปะตัะพะฝะฐะผ, ะบะพะผะฟัััะตัะฐะผ, ัะตัะฒะตัะฐะผ ะธ ั.ะด.) ะฑะตะทะพะฟะฐัะฝะพ ัะพะฒะตััะฐัั ััะฐะฝะทะฐะบัะธะธ ะฒ ัะตะถะธะผะต ัะตะฐะปัะฝะพะณะพ ะฒัะตะผะตะฝะธ ะฑะตะท ััะฐััะธั ัะตะฝััะฐะปัะฝะพะณะพ ะพัะณะฐะฝะฐ ัะฟัะฐะฒะปะตะฝะธั. | ||
|
||
Bitcoin and top-tier cryptocurrencies like Ethereum are powered by **blockchain technology**. This technology enables millions of independent entities (phones, computers, servers, etc.) to transact securely in real time without relying on a central authority. | ||
ะะฐะถะดัะน ะฑะปะพะบัะตะนะฝ ัะฐะฑะพัะฐะตั ัะตัะตะท ะฟัะฑะปะธัะฝะพ ะพัะบััััั ะฟัะพะณัะฐะผะผั (ัะฐััั ะบะพะดะฐ), ะบะพัะพัะฐั ะฟะพะทะฒะพะปัะตั ะฟะพะปัะทะพะฒะฐัะตะปัะผ ะพัะฟัะฐะฒะปััั ััะฐะฝะทะฐะบัะธะธ ะดััะณ ะดััะณั ะธ ะพััะปะตะถะธะฒะฐะตั ะธั ะฑะฐะปะฐะฝัั. | ||
|
||
Every blockchain operates through a publicly open software program (a piece of code) that allows users to send transactions to one another and tracks their balances. | ||
ะงัะพ ะดะตะปะฐะตั ะฑะปะพะบัะตะนะฝ ะพัะพะฑะตะฝะฝัะผ? | ||
ะขะตั ะฝะพะปะพะณะธั ะฑะปะพะบัะตะนะฝ ัะฝะธะบะฐะปัะฝะฐ ะฑะปะฐะณะพะดะฐัั ัะปะตะดัััะธะผ ั ะฐัะฐะบัะตัะธััะธะบะฐะผ: | ||
|
||
What Makes Blockchain Special? | ||
Blockchain technology is unique due to the following characteristics: | ||
- ๐ก **ะ ะฐัะฟัะตะดะตะปะตะฝะฝะพััั:** | ||
|
||
- ๐ก **Distributed:** | ||
ะะผะตััะพ ั ัะฐะฝะตะฝะธั ะฒ ะพะดะฝะพะผ ัะตะฝััะฐะปะธะทะพะฒะฐะฝะฝะพะผ ะผะตััะต, ะฑะปะพะบัะตะนะฝ ะฟะพะทะฒะพะปัะตั ั ัะฐะฝะธัั ะธััะพัะธั ััะฐะฝะทะฐะบัะธะน ะพะดะฝะพะฒัะตะผะตะฝะฝะพ ะฒ ัััััะฐั ะผะตัั. ะะฐะถะดัะน ััะฐััะฝะธะบ ะธะผะตะตั ะบะพะฟะธั, ะบะพัะพัะฐั ะพะฑะฝะพะฒะปัะตััั ะฟัะฐะบัะธัะตัะบะธ ะฒ ัะตะฐะปัะฝะพะผ ะฒัะตะผะตะฝะธ. | ||
|
||
Instead of being stored in a single centralized location, the blockchain allows the transaction history to be held in thousands of locations simultaneously. Every participant keeps a copy, which is updated in near real-time. | ||
- **๐ ะ ะฐะฒะฝะพะฟัะฐะฒะฝะพะต ะฒะทะฐะธะผะพะดะตะนััะฒะธะต:** | ||
|
||
- **๐ Peer-to-Peer:** | ||
ะัะฑะพะน ััะฐััะฝะธะบ ะผะพะถะตั ะดะพะฑะฐะฒะธัั ะฝะพะฒัั ััะฐะฝะทะฐะบัะธั ะฒ ะณะปะพะฑะฐะปัะฝัั ะธััะพัะธั ััะฐะฝะทะฐะบัะธะน, ะพะฑัะฐััั ั ะปัะฑัะผ ัะทะปะพะผ ะฒ ัะตัะธ. ะะฐัะตะผ ััะฐ ััะฐะฝะทะฐะบัะธั ัะฐัะฟัะพัััะฐะฝัะตััั ะฝะฐ ะฒัะต ะพััะฐะปัะฝัะต ัะทะปั ััะพะน ัะตัะธ. ะััััััะฒะธะต "ะตะดะธะฝะพะน ัะพัะบะธ ะดะพัััะฟะฐ" ะพะฑะตัะฟะตัะธะฒะฐะตั ะบััะณะปะพัััะพัะฝัั ะดะพัััะฟะฝะพััั ะธ ะฑะตะทััะปะพะฒะฝัะน ะดะพัััะฟ ะบ ััะฐััะธั. | ||
|
||
Any participant can add a new transaction to the global transaction history by communicating with any entity on the network. This transaction is then propagated to all other entities on that network. The absence of a โsingle point of accessโ ensures 24/7 availability and unconditional access to participation. | ||
- **๐ ะัะพะทัะฐัะฝะพััั:** | ||
|
||
- **๐ Transparent:** | ||
ะะปะพะบัะตะนะฝั ะพะฑััะฝะพ ะฟัะพะทัะฐัะฝั, ััะพ ะพะทะฝะฐัะฐะตั, ััะพ ะฒัั ะธััะพัะธั ััะฐะฝะทะฐะบัะธะน ะฟัะฑะปะธัะฝะฐ ะธ ะดะพัััะฟะฝะฐ ะดะปั ะธะทััะตะฝะธั ะปัะฑะพะผั ะถะตะปะฐััะตะผั. ะฅะพัั ััะฐะฝะทะฐะบัะธะธ ะฟัะฑะปะธัะฝั, ะปะธัะฝะพััะธ ััะฐััะฒัััะธั ััะพัะพะฝ ัะบัััั: ััะตััะธ ััะพัะพะฝั ะผะพะณัั ะฒะธะดะตัั, ััะพ ะฟัะพะธัั ะพะดะธั, ะฝะพ ะฝะต ะผะพะณัั ะพะฟัะตะดะตะปะธัั, ะบัะพ ะธะผะตะฝะฝะพ ััะฐััะฒะพะฒะฐะป. | ||
|
||
Blockchains are generally transparent, meaning the entire transaction history is public and accessible for anyone to scrutinize. While transactions are public, the identities of the entities involved are masked: third parties can see whatโs happening but cannot identify who exactly was involved. | ||
- **๐ ะะตะธะทะผะตะฝะฝะพััั:** | ||
|
||
- **๐ Immutable:** | ||
ะะพัะปะต ัะพะฒะตััะตะฝะธั ััะฐะฝะทะฐะบัะธะธ ะตะต ะฝะตะฒะพะทะผะพะถะฝะพ ะพัะผะตะฝะธัั. ะญัะพ ะณะฐัะฐะฝัะธััะตั, ััะพ ะฝะธะบัะพ ะฝะต ะผะพะถะตั ะธะทะผะตะฝะธัั ะธััะพัะธั ััะฐะฝะทะฐะบัะธะน. | ||
|
||
Once a transaction has taken place, it cannot be reversed. This ensures that no entity can alter the transaction history. | ||
- **โ๏ธ ะะตะผะพะบัะฐัะธัะฝะพััั:** | ||
|
||
- **โ๏ธ Democratic:** | ||
ะัะต ััะฐััะฝะธะบะธ ัะตัะธ ัะฐะฒะฝั ะธ ะฟะพะดัะธะฝััััั ะพะดะฝะพะผั ะฝะฐะฑะพัั ะฟัะฐะฒะธะป. ะัะปะธ ะบัะพ-ัะพ ะฟััะฐะตััั ะดะตะนััะฒะพะฒะฐัั ะฒะฝะต ัะพะณะปะฐัะพะฒะฐะฝะฝัั ะฟัะฐะฒะธะป, ะตะณะพ ะดะตะนััะฒะธั ะฑัะดัั ะฟัะพะธะณะฝะพัะธัะพะฒะฐะฝั ะดััะณะธะผะธ ััะฐััะฝะธะบะฐะผะธ. | ||
|
||
All network participants are equal and abide by the same set of rules. If one entity tries to act outside the agreed-upon rules, their actions will be disregarded by other participants. | ||
ะะฐะฟัะธะผะตั, ะฑะปะพะบัะตะนะฝ Bitcoin - ััะพ ะฟะพ ัััะธ ะฑะพะปััะฐั ัะตัั ััััะพะนััะฒ (ะบะพะผะฟัััะตัะพะฒ, ะผะฐะนะฝะตัะพะฒ ะธ ั.ะด.), ัะฐะฑะพัะฐััะธั ะฝะฐ ะพัะบัััะพะผ ะฟัะพะณัะฐะผะผะฝะพะผ ะพะฑะตัะฟะตัะตะฝะธะธ Bitcoin. ะญัะธ ััััะพะนััะฒะฐ ะฟะพััะพัะฝะฝะพ ะพะฑัะฐัััั ะดััะณ ั ะดััะณะพะผ ะธ ะฒะตะดัั ััะตั ััะฐะฝะทะฐะบัะธะน Bitcoin ะผะตะถะดั ััะฐััะฝะธะบะฐะผะธ ัะตัะธ (ั.ะต. ะบะพัะตะปัะบะฐะผะธ). | ||
|
||
For instance, a blockchain like Bitcoin is essentially a large network of devices (computers, miners, etc.) running open-source Bitcoin software. These devices continuously communicate with each other and maintain a record of Bitcoin transactions conducted between network participants (i.e., wallets). | ||
|
||
In this way, Bitcoin aims to provide a financial platform for secure value exchange without relying on gatekeepers or intermediaries like banks. | ||
ะขะฐะบะธะผ ะพะฑัะฐะทะพะผ, Bitcoin ัััะตะผะธััั ะฟัะตะดะพััะฐะฒะธัั ัะธะฝะฐะฝัะพะฒัั ะฟะปะฐััะพัะผั ะดะปั ะฑะตะทะพะฟะฐัะฝะพะณะพ ะพะฑะผะตะฝะฐ ัะตะฝะฝะพัััะผะธ ะฑะตะท ะพะฟะพัั ะฝะฐ ะบะพะฝััะพะปะตัะพะฒ ะธะปะธ ะฟะพััะตะดะฝะธะบะพะฒ, ัะฐะบะธั ะบะฐะบ ะฑะฐะฝะบะธ. |
16 changes: 8 additions & 8 deletions
16
src/edu/ru/bitcoin/bitcoin-economics/bitcoin-as-a-cryptocurrency.md
This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
Original file line number | Diff line number | Diff line change |
---|---|---|
@@ -1,15 +1,15 @@ | ||
# Bitcoin as a Cryptocurrency | ||
# Bitcoin as a Cryptocurrency ๐ฐ | ||
|
||
### BTC as the Native Unit | ||
### BTC as the Native Unit | ||
|
||
Bitcoin (BTC) is the main currency used on the Bitcoin network. It is the first decentralized digital currency and is recognized globally as a new form of money. All transactions within the network are settled in BTC, making it the primary unit of value. | ||
Bitcoin (BTC) is the main currency used on the Bitcoin network. It is the **first decentralized digital currency** and is recognized globally as a new form of money. All transactions within the network are settled in BTC, making it the primary unit of value. ๐ | ||
|
||
### Scarcity and Practical Supply | ||
#### ๐ Scarcity and Practical Supply ๐ | ||
|
||
Bitcoinโs fixed supply is capped at 21 million coins, making it scarce by design. However, the actual number of Bitcoins available is even smaller. Many Bitcoins have been lost due to forgotten passwords or misplaced wallets, reducing the number of coins that can ever be used. Itโs estimated that about 4 million Bitcoins are gone forever, and a large number of Bitcoins are held by long-term investors who rarely sell. | ||
Bitcoin's fixed supply is capped at **21 million coins**, making it scarce by design. However, the actual number of Bitcoins available is even smaller. Many Bitcoins have been lost due to forgotten passwords or misplaced wallets, reducing the number of coins that can ever be used. It's estimated that about 4 million Bitcoins are gone forever, and a large number of Bitcoins are held by long-term investors who rarely sell. ๐ | ||
|
||
In practical terms, the number of Bitcoins actively traded on exchanges or distributed through mining rewards and ETFs (Exchange-Traded Funds) is much smaller than the theoretical supply. This real-world scarcity makes Bitcoin even more valuable over time. | ||
In practical terms, the number of Bitcoins actively traded on exchanges or distributed through mining rewards and ETFs (Exchange-Traded Funds) is much smaller than the theoretical supply. This real-world scarcity makes Bitcoin even more valuable over time. ๐ | ||
|
||
### Divisibility and Satoshis | ||
#### ๐ข Divisibility and Satoshis | ||
|
||
Even though Bitcoin is scarce, itโs highly divisible. Each Bitcoin can be broken down into 100 million units, known asย **Satoshis**. This means you donโt need to buy a whole Bitcoin to use itโsmall fractions can be used for everyday transactions, making Bitcoin accessible to anyone. | ||
Even though Bitcoin is scarce, it's highly divisible. Each Bitcoin can be broken down into 100 million units, known as **Satoshis**. This means you don't need to buy a whole Bitcoin to use itโsmall fractions can be used for everyday transactions, making Bitcoin accessible to anyone. ๐ฌ |
This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
Original file line number | Diff line number | Diff line change |
---|---|---|
@@ -1,21 +1,21 @@ | ||
# Bitcoin Mining** | ||
# Bitcoin Mining โ๏ธ | ||
|
||
### Creation and Circulation | ||
#### ๐ Creation and Circulation | ||
|
||
Bitcoin mining is the process through which new Bitcoins enter circulation. This involves specialized computers, known as miners, solving puzzles to validate transactions on the Bitcoin network. Successful miners are rewarded with newly created Bitcoin. Every 10 minutes, a new block is added to the blockchain, and the reward is given to the miner who solved the puzzle. | ||
Bitcoin mining is the process through which new Bitcoins enter circulation. This involves specialized computers, known as miners, solving puzzles to validate transactions on the Bitcoin network. Successful miners are rewarded with newly created Bitcoin. Every 10 minutes, a new block is added to the blockchain, and the reward is given to the miner who solved the puzzle. โฑ๏ธ | ||
|
||
Initially, the reward was 50 BTC per block, but it halves every four years in an event called theย **halving**. Currently, the reward is 6.25 BTC per block, and it will continue to decrease until Bitcoin's total supply reaches 21 million. | ||
Initially, the reward was 50 BTC per block, but it halves every four years in an event called the **halving**. Currently, the reward is 6.25 BTC per block, and it will continue to decrease until Bitcoin's total supply reaches 21 million. ๐ | ||
|
||
### Proof of Work (PoW) and Mining Difficulty | ||
#### ๐งฎ Proof of Work (PoW) and Mining Difficulty | ||
|
||
Bitcoin operates on a system called **Proof of Work (PoW)**, where miners compete to solve puzzles that require immense computational power. The more miners compete, the harder the puzzles become. The difficulty adjusts every two weeks to maintain a steady flow of new blocks, regardless of how much computing power is added. | ||
Bitcoin operates on a system called **Proof of Work (PoW)**, where miners compete to solve puzzles that require immense computational power. The more miners compete, the harder the puzzles become. The difficulty adjusts every two weeks to maintain a steady flow of new blocks, regardless of how much computing power is added. ๐ป | ||
|
||
To give an idea of the scale: Bitcoinโs network now processes such an enormous amount of computing power that it surpasses even the world's most powerful supercomputers. The computing power behind Bitcoin is greater than anything humanity has built, illustrating the sheer size and security of the network. | ||
To give an idea of the scale: Bitcoin's network now processes such an enormous amount of computing power that it surpasses even the world's most powerful supercomputers. The computing power behind Bitcoin is greater than anything humanity has built, illustrating the sheer size and security of the network. ๐ | ||
|
||
### Global Mining Efforts | ||
#### ๐ Global Mining Efforts | ||
|
||
As Bitcoin grew in value, large-scale operations entered the mining space, from energy companies to governments. Mining is no longer limited to individuals but has evolved into an industrial-scale operation. In some countries, like the U.S. and Kazakhstan, Bitcoin mining is now seen as a strategic asset, with renewable energy sources and excess power being used to mine Bitcoin. The involvement of governments and corporations highlights Bitcoinโs global importance and shows how it has become intertwined with the energy industry. | ||
As Bitcoin grew in value, large-scale operations entered the mining space, from energy companies to governments. Mining is no longer limited to individuals but has evolved into an industrial-scale operation. In some countries, like the U.S. and Kazakhstan, Bitcoin mining is now seen as a strategic asset, with renewable energy sources and excess power being used to mine Bitcoin. The involvement of governments and corporations highlights Bitcoin's global importance and shows how it has become intertwined with the energy industry. โก | ||
|
||
### Halving Events | ||
#### โ๏ธ Halving Events | ||
|
||
Approximately every four years, the reward miners receive for creating new Bitcoin is halved, a process known as aย **halving event**. This limits the supply of new Bitcoin and is crucial to Bitcoin's deflationary nature. The first halving occurred in 2012, and the reward has since decreased from 50 BTC per block to the current 6.25 BTC. Halving events ensure that Bitcoin's supply remains scarce over time, increasing its potential value as new Bitcoin becomes harder to earn. | ||
Approximately every four years, the reward miners receive for creating new Bitcoin is halved, a process known as a **halving event**. This limits the supply of new Bitcoin and is crucial to Bitcoin's deflationary nature. The first halving occurred in 2012, and the reward has since decreased from 50 BTC per block to the current 6.25 BTC. Halving events ensure that Bitcoin's supply remains scarce over time, increasing its potential value as new Bitcoin becomes harder to earn. ๐ |
10 changes: 5 additions & 5 deletions
10
src/edu/ru/bitcoin/bitcoin-economics/economic-principles-of-bitcoin.md
This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
Original file line number | Diff line number | Diff line change |
---|---|---|
@@ -1,9 +1,9 @@ | ||
# Economic Principles of Bitcoin | ||
# Economic Principles of Bitcoin ๐ | ||
|
||
### Supply and Demand Dynamics | ||
#### ๐ Supply and Demand Dynamics | ||
|
||
Bitcoin operates under basic economic principles: as demand increases and supply remains fixed, the price rises. Unlike traditional assets likeย **gold**, where higher prices encourage more production, Bitcoinโs supply cannot be increased no matter how high the price goes. This unique feature, whereย **supply is fixed (and actually decreasing with every halving)**, gives Bitcoin the potential for rapid price increases (often referred to asย **parabolic price growth**) when demand surges. As fewer new Bitcoins enter circulation after each halving, the scarcity grows, further driving demand. This scarcity, combined with rising interest, has the potential to drive Bitcoinโs price significantly higher over time. | ||
Bitcoin operates under basic economic principles: as demand increases and supply remains fixed, the price rises. Unlike traditional assets like **gold**, where higher prices encourage more production, Bitcoin's supply cannot be increased no matter how high the price goes. This unique feature, where **supply is fixed (and actually decreasing with every halving)**, gives Bitcoin the potential for rapid price increases (often referred to as **parabolic price growth**) when demand surges. As fewer new Bitcoins enter circulation after each halving, the scarcity grows, further driving demand. This scarcity, combined with rising interest, has the potential to drive Bitcoin's price significantly higher over time. ๐ | ||
|
||
### Bitcoin vs. Traditional Assets | ||
#### ๐ Bitcoin vs. Traditional Assets | ||
|
||
Bitcoin is often compared to traditional assets like gold or fiat currencies. Like gold, Bitcoin is considered a store of value because of its scarcity. However, unlike gold, Bitcoin can be easily transferred and traded across borders, making it more flexible. In contrast to fiat currencies, which can be printed by governments and are vulnerable to inflation, Bitcoin has a fixed supply, making it resistant to inflation. Its decentralized nature also ensures it operates outside of government control, giving it unique advantages in the modern financial world. | ||
Bitcoin is often compared to traditional assets like gold or fiat currencies. Like gold, Bitcoin is considered a store of value because of its scarcity. However, unlike gold, Bitcoin can be easily transferred and traded across borders, making it more flexible. In contrast to fiat currencies, which can be printed by governments and are vulnerable to inflation, Bitcoin has a fixed supply, making it resistant to inflation. Its decentralized nature also ensures it operates outside of government control, giving it unique advantages in the modern financial world. ๐ผ |
Oops, something went wrong.