Do you REALLY own Bitcoin? - Essential Crypto Mechanics and DeFi for Coding Professionals
This talk serves as an engineering-oriented introduction to important Web3 technologies such as Decentralized Autonomous Organizations (DAOs), blockchains, cryptocurrencies, smart contracts, and virtual machines for Decentralized Finance (DeFi).
The primary focus will be on public permissionless blockchains, crypto mechanics, and smart contracts enabled by blockchain-based virtual machines. Consensus algorithms, random number generators, public-key cryptology, and use of cryptographic hash functions will be presented. A Bitcoin v2 deep dive will be presented as well as a description of Ethereum's recent transition from a "proof-of-work" to a "proof-of-stake" blockchain.
The goal of this talk is to provide coding professionals with a deeper understanding of these technologies than that provided by the media’s overly simplistic and often inaccurate blockchain/crypto and DeFi explanations.
Date and Time
Location
Hosts
Registration
- Date: 16 Nov 2023
- Time: 06:00 PM to 08:00 PM
- All times are (UTC-06:00) Central Time (US & Canada)
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- University of Minnesota
- 207 Church Street SE
- Minneapolis, Minnesota
- United States 55455
- Building: Lind Hall (NEW LOCATION)
- Room Number: L125
- Click here for Map
- Starts 27 October 2023 05:00 PM
- Ends 16 November 2023 09:00 PM
- All times are (UTC-06:00) Central Time (US & Canada)
- No Admission Charge
Speakers
Michael
Crypto and Blockchain Mechanics
Biography:
Michael A. Ramalho, Ph.D. is an IEEE Life Senior Member and the recipient of the 2021 IEEE Florida Council Outstanding Engineer Award. He is founding chair of IEEE Florida West Coast Blockchain Group and chair of the IEEE Florida West Coast Section Joint Communications and Signal Processing Societies. Dr. Ramalho has extensive professional experience as a director, lead/chief architect, and principal investigator in networking, media signal processing, unified communications, packet-based error correction, and acoustic spread-spectrum communication, and blockchain technologies.
Dr. Ramalho was especially active in Internet Telephony in the Web1 era during which time he ran the Internet Telephony research program at Telcordia Technologies, was co-chair of the Voice Over IP Forum, and was Chief Telephony Technologist at Voxware, Inc. during its IPO. While employed in the Collaboration CTO Office at Cisco Systems, he was the first to introduce lossless codec technology to Internet Telephony, resulting in widely known ITU-T Standard G.711.0.
Dr. Ramalho has also worked for Bell Telephone Laboratories. He holds a Ph.D. from Rutgers University and a M.Eng.E.E. from Cornell University. He holds over 56 patents. He has authored many standards in the ITU-T, IETF, and IMTC, and many foundational input documents to ETSI, 3GPP, and ANSI Committee T1 standards.
Email:
Address:Lakewood Ranch, United States, 34202
Agenda
This talk serves as an engineering-oriented introduction to important Web3 technologies such as Decentralized Autonomous Organizations (DAOs), blockchains, cryptocurrencies, smart contracts, and virtual machines for Decentralized Finance (DeFi). Regulation and governance challenges resulting from these advances will also be discussed.
The dominant focus will be on public permissionless blockchains, crypto mechanics, and smart contracts enabled by blockchain-based virtual machines. Consensus algorithms, random number generators, public-key cryptology, and use of cryptographic hash functions will be presented - as well as a deeper analysis of the “proof-of-work” and “proof-of-stake” consensus techniques employed by most cryptocurrencies. Smart contracts – essential to DeFi – will be illustrated via code. The Environmental, Social, and Governance (ESG) impact of mining/minting crypto will be addressed as well as the implications of crypto creation/destruction policies of dominant cryptocurrencies. Central Bank Digital Currencies (CBDCs) are also discussed.
The goal of this talk is to provide coding professionals with a deeper understanding of these technologies than that provided by the media’s overly simplistic and often inaccurate blockchain/crypto and DeFi explanations. Attendees of this talk will understand Bitcoin technology better than those media professionals!