Bitcoin for you!

Week 1: Foundations of Bitcoin and Blockchain

Goal: Introduce the basics of Bitcoin, blockchain technology, and their significance in the digital age.

Day 1: Introduction to Money and Digital Currency

• Topics:

  • What is money? Evolution from barter to digital money.

  • Problems with traditional money (e.g., inflation, centralization).

  • Introduction to digital currencies and cryptocurrencies.

• Activity: Discuss real-world examples of digital payments (e.g., PayPal, Venmo) and compare them to cryptocurrencies.

Day 2: What is Bitcoin?

• Topics:

  • History of Bitcoin: Who created it and why?

  • Key features of Bitcoin: Decentralization, transparency, and scarcity.

  • How Bitcoin differs from traditional money.

• Activity: Show the Bitcoin whitepaper and explain its significance.

Day 3: How Bitcoin Works

• Topics:

  • Basics of blockchain technology.

  • How transactions are recorded on the blockchain.

  • Concepts of mining, nodes, and consensus mechanisms.

• Activity: Explore a real Bitcoin block using a blockchain explorer (e.g., Blockchain.com).

Day 4: Cryptography and Security

• Topics:

  • Basics of cryptography: Public and private keys.

  • How Bitcoin ensures security and prevents fraud.

  • Importance of keeping private keys safe.

• Activity: Simulate creating a public and private key pair using an online tool.

Day 5: Hands-On Activity – Exploring the Blockchain

• Topics:

  • Recap of Week 1.

  • How to use a blockchain explorer to track transactions.

• Activity:

  • Students explore a specific Bitcoin block and transaction.

  • Discuss the transparency and immutability of the blockchain.

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Week 2: Cryptocurrencies and Practical Applications

Goal: Dive deeper into cryptocurrencies, their use cases, and hands-on activities like creating wallets and simulated transactions.

Day 6: Introduction to Cryptocurrencies

• Topics:

  • What are cryptocurrencies besides Bitcoin (e.g., Ethereum, Litecoin)?

  • Differences between coins and tokens.

  • Overview of the crypto market and its growth.

• Activity: Compare Bitcoin to other cryptocurrencies using CoinMarketCap.

Day 7: Wallets and Transactions

• Topics:

  • What is a cryptocurrency wallet?

  • Types of wallets: Hot vs. cold wallets.

  • How to send and receive Bitcoin.

Day 8: Risks and Challenges

• Topics:

  • Risks of investing in cryptocurrencies (e.g., volatility, scams).

  • Environmental impact of Bitcoin mining.

  • Regulatory challenges and the future of crypto.

• Activity: Group discussion on the pros and cons of cryptocurrencies.