Bitcoins & Asymmetric Cryptography. Okay, I had some spare time last night, so I figured I’d sit down and write up an explanation of some of Bitcoin’s workings.
The chief problem in explaining this to the layman is that, as a prerequisite, you need to understand the basics of public key cryptography (aka asymmetric cryptography), which, for the average person, is quite a tall order in itself. But since I’m the master at this kind of thing, here’s how I would put it: First, to get something out of the way: nothing in Bitcoin is actually encrypted. AI Horizon: Computer Science and Artificial Intelligence Programming Resources. Web Design. C++