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PRODID:-//Palaner//palaner Single Event//EN
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CALSCALE:GREGORIAN
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UID:meetup-c2b03983bf@palaner.app
DTSTAMP:20260802T155739Z
DTSTART:20260808T053000Z
DTEND:20260808T070000Z
SUMMARY:Bitcoin Transactions\, Blocks and Mining | Andheri\, Mumbai
LOCATION:Awfis Coworking
DESCRIPTION:Saved in Palaner as: saved\n\nPalaner match: 20% · why: lots of
  people going\n\nBitcoin has no accounts\, no balances\, and no central se
 rver\, yet it reliably tracks value across thousands of independent nodes.
 \n\nMost introductory guides present Bitcoin through abstract wallet balan
 ces and running totals. In reality\, Bitcoin operates as a graph of Unspen
 t Transaction Outputs (UTXOs) governed by cryptographic locking scripts\, 
 peer-to-peer node validation\, and game-theoretic mining incentives. Relyi
 ng on wallet abstractions hides the mechanical reality of how state change
 s occur across a distributed network. In this session\, we trace the full 
 lifecycle of a transaction—from elliptic curves and address derivation to 
 mempool dynamics\, Merkle trees\, and Nakamoto consensus—culminating in co
 nstructing and broadcasting a raw transaction directly onto the Bitcoin te
 stnet.\n\n​AGENDA:\n\n​Cryptographic Foundations & Keys: Elliptic curve cr
 yptography (secp256k1) and one-way hash functions transform private keys i
 nto public addresses\, enabling ownership proofs without revealing secrets
 .\n​The UTXO Model & Testnet Execution: Unspent outputs replace account ba
 lances\, requiring users to explicitly construct inputs\, outputs\, and si
 gnatures before broadcasting raw bytes to the testnet.\n​Node Distribution
  & Mempool Auctions: Independent nodes validate transaction rules and hold
  unconfirmed data in local mempools\, operating as decentralized bidding f
 loors for block inclusion.\n​Block Assembly & Merkle Integrity: Miners con
 struct candidate blocks by compressing thousands of transactions into Merk
 le trees\, ensuring efficient cryptographic verification of the entire led
 ger state.\n​Mining\, Hashrate\, & Nakamoto Consensus: Proof-of-work\, dyn
 amic difficulty adjustments\, and the longest-chain rule resolve network t
 iming conflicts to establish an unalterable chronological history.\n​Econo
 mics\, ASIC Hardware\, & Supply Caps: Block subsidies\, halving events\, t
 ransaction fees\, and specialized mining infrastructure enforce programmat
 ic token issuance toward the 21 million BTC limit.\n\n​WHO'S GUIDING\n\n​L
 ed by the Bitshala Contributors. We are a community of Bitcoin developers 
 and educators.\n\n​WHAT TO EXPECT\n\n​Difficulty: Beginner / Entry-Level P
 rotocol Mechanics.\n​Format: Interactive 3-hour workshop combining protoco
 l teardowns with a live testnet transaction exercise.\n​Setup: Bring a lap
 top.\n\n​IS THIS FOR YOU? Yes if...\n\n​You want to look past wallet user 
 interfaces and inspect the actual data structures powering Bitcoin.\n​You 
 prefer understanding protocol mechanics through cryptographic primitives r
 ather than high-level financial summaries.\n​You learn best by building\, 
 signing\, and broadcasting real data on an open test network.\n​You are cu
 rious about how open software achieves global synchronization without rely
 ing on a central authority.\n\n​Prior coding experience not required. A cu
 rious mind and a desire to look under the hood is.\n\n​Construct a raw tra
 nsaction and trace its path to a mined block\, and you understand the core
  architecture of trustless money.\n\n​​​About Bitshala\n\n​Bitshala is a B
 itcoin-focused education initiative where we help developers\, designers\,
  and curious builders learn by doing. We run cohorts\, clubs\, workshops\,
  a hackerspace\, and community programs that make it easier for people to 
 explore\, contribute to\, and build on Bitcoin. Our focus is on hands-on l
 earning\, proof-of-work\, and growing alongside a community of people who 
 care about open technology\, design\, and the future of money.\n​If you'd 
 like to explore more\, check us out on:\n\n​Discord (Online Community)\n​C
 ohorts Registration and Fellowship application portal\n​Twitter (Socials a
 nd Announcements)\n​Luma (Events Calendar)
URL:https://www.meetup.com/bitshala/events/315889542/
CATEGORIES:palaner,saved
STATUS:TENTATIVE
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