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Stanford's new lab course on building Bitcoin-enabled applications. Learn how to rewire internet services on the basis of Bitcoin. Prior background in Python within a Unix environment is recommended, but no previous Bitcoin knowledge is necessary. The first two weeks of the course will provide a fast-paced introduction to Bitcoin and Bitcoin-enabled computing. In subsequent weeks, you will build Bitcoin-powered versions of several popular Internet services, previewing a future where services are paid for not by ads or monthly fees but by per-use micropayments.

In other weeks, we will provide you with stub code illustrating the basic mechanics of a Bitcoin-powered Internet service. You, as an individual or as part of a small group, will have a week to get the stub code running, add your own improvements, and test it with your peers in an online marketplace.

Grading will be based entirely on class participation. There is no final examination. The best student projects each week will be written up in Bitcoin Magazine.

Familiarity with basic programming at the level of Stanford's CSB is required, particularly in Python. Students who have previously taken the Autumn versions of CS and CSP will have more context, but this course is primarily new material. Introduction to basic Bitcoin concepts such as transactions, digital signatures, the blockchain, and mining. Introduction to Bitcoin Computing. Introduction to Bitcoin micropayments. Learn how to transparently add micropayments to any web service using payment gateways that implement the HTTP error code.

Gain experience by running and then modifying several demo apps. A free week for your creativity. Extend any of the micropayments demos that you've worked with over the previous week to add new functionality, or build a new one entirely.

Develop an app that allows you to set a price on your Instagram photos and build a machine-payable stock photo search engine. Develop an app that allows you to accept micropayments for making retweets.

Develop an app that lets you monetize your blog by charging a small micropayment for each page view. Extend any of the code that you've worked with over the previous weeks to add new functionality, or build a new demo entirely.

Develop a command line program that outsources part of its code to the cloud, charging micropayments for each use. Develop a simple web search engine funded not by ad views but by micropayments, turning the primary customer into the user rather than the advertiser.

Srinivasan is the co-founder and CEO of Funded by Andreessen Horowitz, Peter Thiel, Khosla Ventures, Qualcomm, and Cisco, 21 has developed a full stack set of technologies for practical Bitcoin micropayments.

Srinivasan is also a Board Partner at Andreessen Horowitza board member of the Coin Centerthe co-founder of Teleportand the co-founder of Counsyl.

Prior to becoming an entrepreneur, Dr. Srinivasan taught data mining, statistics, and computational biology in the Department of Statistics at Stanford University.

Home Syllabus About Enroll on Axess. Sign up here if interested. Location Thornton Thornton Lab: Github AccessSelf Test 3 User-monetizable data: We'll see you in class! He is a well-known researcher in the areas of applied cryptography and computer security.

Boneh is one of the principal contributors to the development of pairing-based cryptography. Some of his notable achievements include: Introduction to Bitcoin ComputingSelf Test 2. Github AccessSelf Test 3. Bitcoin LinuxSelf Test 4. Bitcoin GoogleFeedback and Final Hackathon. Create a simple search engine that accepts micropayments in lieu of displaying ads.

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To continue reading this article, please exit incognito mode or log in. Visitors are allowed 3 free articles per month without a subscription , and private browsing prevents us from counting how many stories you've read. We hope you understand, and consider subscribing for unlimited online access. Technology that makes it easier and cheaper for money to move around the world could have many implications. He released the design for his system in a white paper last Wednesday.

Bitcoin transactions rely on software run on thousands of computers linked up over the Internet. That distributed network uses a set of rules and cryptographic principles to reliably verify transactions even though no one person or organization is in control. The system was introduced to the world in in a technical paper released under the pseudonym Satoshi Nakamoto.

Ripple maintains that its design is safe if used correctly. The distributed calculations also protect against fraud: However, it currently takes around 10 minutes for a new transaction to be confirmed by the miners, and mining is very energy intensive Bitcoin miners together consume as much electricity as Ireland, researchers estimated in The new SCP system also relies on people running software that communicates over the Internet, but trust is not enforced through mining.

Instead, each person running the software must identify a few other trusted participants to correctly apply the cryptographic rules used to validate transactions. Each instance of the software will recognize transactions only once a certain majority fraction of its trusted partners have also signed off. And the trust relationships are all public. SCP also allows use of stronger cryptography, says Boneh. Just how unlikely that is will depend on the actions of the people who adopt SCP.

He imagines that certain large organizations, perhaps banks, will emerge to anchor the SCP network. Catch up with our coverage of the event. Zapata Computing plans to build the algorithms for companies that want to experiment with quantum computers.

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