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Step 1: You Register as "Owner" What happens: Get your own Free Webpage Your items are displayed and promoted as well on the Bitbrowze Page) Step 2: You Transact with your Buyer 'A' What happens: Payments in cash or crypto are transparently delivered to your Free wallet instantly. Step 3: Buyer 'A' can Register as a referral agent What happens: Buyer 'A' referrals that buy are called Buyers 'B' Equal Commissions on transactions by Buyers 'B' are paid to Buyer 'A' as well as to 'Owner' Step 4: Buyer 'B' can repeat the process, with similar results from Buyers 'C'..
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Blockchain Basics: Key Takeaways

Below you will find a number of key points from this module. Defined terms are underlined.

Algorithms and Techniques

Elliptic Curve Cryptography (ECC) family of algorithms is used in Bitcoin as well as Ethereum Blockchain for generating the key pair.

Rivest-Shamir-Adelman (RSA) is a commonly used implementation of public-private key in many applications, except Blockchains because of its need for a more efficient and stronger algorithm.

Hashing transforms and maps an arbitrary length of input data value to a unique fixed length value.

The following are two basic requirements of a hash function.

  • make certain that one cannot derive the original items hashed from the hash value.
  • make sure that the hash value uniquely represents the original items hashed.

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Mar 2, 2019

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