Follow us on twitter for more update on bitcoin

@tanzaniasats @bitcoinspatan

@bitcoin_tanzania_99
i
On instargram
 1. Bitcoin― Introduction Bitcoin

Bitcoin

Bitcoin emerged out of the 2008 global economic crisis when big banks were caught
misusing borrowers’ money, manipulating the system, and charging exorbitant fees. To
address such issues, Bitcoin creators wanted to put the owners of bitcoins in-charge of the
transactions, eliminate the middleman, cut high interest rates and transaction fees, and
make transactions transparent. They created a distributed network system, where people
could control their funds in a transparent way.

Bitcoin is a type of digital currency in which record of transaction is maintained and new
units of currency are generated by the computation solution of mathematical problems
and which operate independently.

How to use Bitcoins?

We can make bitcoin transactions as we do with our familiar fiat currencies. While we use
Bitcoin, the purchaser is actually referenced to our digital signature, which is a security
code encrypted with sixteen different symbols. The purchaser decrypts the code with his
device to get the cryptocurrency. Therefore we can say that cryptocurrency is an exchange
of digital information that permits us to buy or sell goods and services.

The transaction is secured and made trustworthy by running it on a peer-to-peer network

that is akin to a file-sharing system.

History of Bitcoins

The first Bitcoin protocol and proof of concept was published in a Whitepaper in 2009 by a
shadowy individual or group under the pseudonym Satoshi Nakamoto. Eventually
Nakamoto, who remained mysterious, left the project in late 2010. Other developers took
over and the Bitcoin community has since grown exponentially.

While Satoshi Nakamoto’s real identity remains shrouded in mystery, it is on record that
he communicated extensively in Bitcoin’s early days. Let us speculate on questions like
when he started working on Bitcoin, to what extent he was inspired by similar ideas and
what was the motivation for bitcoin.

Creation of the first bitcoin domain

It is believed that Satoshi started coding Bitcoin around May 2007. He is said to have
registered the domain bitcoin.org in August 2008. Around that time, he started sending
emails to a few individuals he thought might be interested in the idea of bitcoins.

ii
In October 2008, he publicly published a white paper that dwelt on the Bitcoin protocol,
and released the Bitcoin code as well. Then he stayed in contact for about two years,
during which he interacted actively in forums, communicated with several developers and
later he also submitted patches to the initial code. He maintained the source code along
with other developers, tackling issues as they happened. By December 2010, as others
had slowly taken over, he quietly left the scene.

A blockchain is basically a perpetually growing list of records, called blocks. These blocks
are linked and secured by using cryptography. Each block generally contains a
cryptographic hash of the previous block along with timestamp and transaction data. By
its design, a blockchain does not allow modification of the data.

It is an open, distributed ledger that records transactions between different parties

efficiently and in a verifiable and permanent way. A blockchain, as shown in figure below
is typically managed by a p2p or peer-to-peer network collectively following a protocol for
communication between nodes and for validating new blocks. Once recorded, the data in
any given block cannot be altered without consensus of the network majority.

In case of bitcoins, the blockchain is a public ledger that records bitcoin transactions. It is
implemented as a chain of blocks. Each block contains a hash of the previous block up
to the genesis block which is the first block of the bitcoin blockchain. This is however
achieved without any trusted central authority: the working of the blockchain is performed
by a network of communicating nodes running bitcoin software. Transactions of the type
payer A sends B bitcoins to payee C are broadcast to this network using existing software
applications.

iii
 3. Bitcoin
2. Bitcoin — How—do
Wallet
they work? Bitcoin
Bitcoin

2. How do bitcoin transactions work?

Every bitcoin account consists of a public key which works like a bitcoin address and a
private key. Anyone can send you bitcoins if he/she knows your public key. To spend
bitcoins, you have to use your private key for authentication. Every bitcoin transaction
appears on the bitcoin network. The miners confirm the transactions after verification to
validate them.

Addresses
An example of a bitcoin address is as follows:

73nRKoXJAUqKYYbzw6Nrqh9gW2p26zerpZ

There are 2160 or about 1048 possible addresses.

The corresponding private key is as given below:

5HuEupY3DNF87UypjFtXDTm4BVuAwZtAgYf94sMALPyakgafVnU

Private keys are of 256-bit length. There are about 1077 possible private keys.

How to send bitcoins?

In the previous section we have seen how a bitcoin transaction works. Now, we shall
discuss how to send bitcoins.

To buy some merchandise or pay for some services, you will have to send bitcoins to the
address of vendor. To receive bitcoins, you will have to share your address with the vendor.

Following is the process of sending bitcoins to someone:

• Copy the vendor’s address and open your bitcoin wallet.

• Click on the "Send coins" tab and enter the address in the ‘Pay to’ field to which
you want to send bitcoins.

• If you have to send bitcoins to the same person or a group several times, you can
create a label so as to find them in the address book.

• Enter amount in the next field and click send to complete the operation.

4
 Bitcoin

Confirmations
In the mining process, all transactions are collected in a container called block. A new block
is created in about every 10 minutes. In case of small payments or transactions with
trusted peers, confirmations may not be necessary. However, for large transactions to be
considered safe, the norm is 6 confirmations.

Bitcoin ― Environment al Setup

3. Bitcoin — Blockchain T echnology

5
 3. Bitcoin— Wallet Bitcoin

You should not lose or reveal your private key come what may. Otherwise, losing your
private key is similar to losing your money. You should use at least two different techniques
to save and store your private keys.

As of now, let us discuss two methods of storage that can be used to store crypto money;
hot storage, and cold storage.

As a recap, a wallet is used to:

• Send and receive money as cryptocurrency

• Collect and store coins created by the miner
• Synchronize blockchain with all nodes of the network

Opening a wallet is fairly simple; one can download free and paid bitcoin wallets from
internet. Some deal only in bitcoins while others handle multiple cryptocurrencies.

A Bitcoin wallet is simply an app, software, website, or device that manages Bitcoin private
keys for you.

Types of Bitcoin Wallets

There are several types of wallets available in the market. They can be of several types as
follows

• Hardware
• Paper
• Mobile
• Desktop
• Web

Paper Wallets
A paper wallet is a piece of paper on which the public address and private address are
printed, usually in the form of QR code. Public address is used to receive bitcoins, and the
private address is used to send or transfer the bitcoins stored at that address. The paper
wallet should be used securely and not revealed or lost. The paper wallet can be generated
by using services like Bitcoinpaperwallet or Bitaddress, and then can be printed out.

Mobile, Desktop and Web Wallets

These are software apps available on mobile phones, desktops, laptops or websites that
allow bitcoin transactions.

For those people who use Bitcoins frequently, paying for goods and services, a mobile
bitcoin wallet is a necessary tool. A mobile app runs on your smartphone, has your private
keys and allows making payments directly from your phone.

6
 Bitcoin

A full Bitcoin client would require access to the complete Blockchain ledger, which needs
several gigabytes of storage. Therefore, mobile wallets use simplified payment verification
(SPV) technology which works with very small subsets of the Blockchain. In spite of being
a convenient on-the-go solution for Bitcoin transactions, mobile wallets are very
susceptible to hacker attacks and also if the mobile is lost, others can access the wallet.

Hardware Wallets
A hardware wallet is a physical electronic device to secure bitcoins. The hardware wallet
must be connected to your computer or smartphone, before bitcoins may be spent.

The three most popular and best Bitcoin hardware wallets are as follows:

• Ledger Nano S
• TREZOR
• KeepKey

Hardware wallets are the preferred choice if large amounts of bitcoins need to be stored
and are secure, reliable, and convenient. Bitcoin hardware wallets isolate private keys
from internet-connected devices that are vulnerable to hackers. Your private keys are
held in a secure offline environment on the hardware wallet

Hot Wallets
Hot wallets are Bitcoin wallets that run on internet connected devices like a computer,
mobile phone, or tablet. Private keys are secret codes that hot wallets generate on an
internet connected device. As such we cannot say these private keys are completely
secure.

Hot wallets are like your physical wallets which you use to store some cash, but not your
life savings. Hot wallets are useful if you make frequent and small payments, but are not
suitable to store a large amount of bitcoins.

Software wallets allow us to send and receive bitcoins and are mostly free. There are some
paid software wallets which provide some extra value-added services.

7
 3. Bitcoin— SATOSHIS Bitcoin

SATOSHI;this is a small unit of a biticoin where by

1BTC=100,000,000satoshi(sats)

Mainly for small amount of Satoshi its

very risky to use on chain or non
custodial wallet due to high fees
So its advise to use lightning network
for small transaction

1
LIGHTINING Bitcoin

NETWORK AS
BITCOIN
SCALING
SOLUTION

Introduction
The Lightning Network is an overlay network powered by Bitcoin
smart contracts – it is NOT a blockchain.

2
 Bitcoin

The Lightning Network is an overlay, peer-to-peer network that operates alongside

Bitcoin and uses the Bitcoin blockchain to secure its transactions. Lightning does not
have its own coin or token.

Lightning uses Bitcoin smart contracts, self-executing digital contracts with the terms
and execution written as code or scripts, in order to build its network. To do this,
Bitcoin nodes, computers that validate transactions and maintain the network, include
additional software to also act as nodes for the Lightning Network. From there, the
Lightning nodes open up channels with other nodes by executing a 2-of-2, bilateral
Bitcoin smart contract and committing bitcoin to the payment channel. The channel
setup effectively moves the committed bitcoin “off-chain” or on top of the Bitcoin
blockchain, making the Bitcoin blockchain layer 1 and Lightning layer 2.

LIGHTNING WALLETS
As we have seen lightning network is for performing small
transactions
So when it comes to lightning network we use the one called
HOT WALLET such as wallet of Satoshi,muun,phonex and
many others
Wallets which perform lightning network are

1. Wallet of Satoshi
2. Blink(bitcoin beach)
3. Muun

Examples of transaction through lightning network

3
 BITREFILL

Bitrefill provide different services through bitcoin example you can purchase gift card
through bitrefill also you can buy airtime to through bitrefill

How to buy airtime through bitrefill

1. Select the type of network provider tigo,airtel,Vodacom or other

2. Input amount in Tsh and it will automatic calculate to sats
3. You will receive invoice and go to your wallet and pay
4. Congrats you will receive your airtime
Preview of the transaction

4
WHATS PIZZA DAY
Laszlo hanyecz he spent 10,000 bitcoin to purchase papa johns pizza on may 22,2010
since papa john didn’t accept bitcoin as payment.he posted a 10000 bitcoin offer on bitcoin
talk.org and Jeremy sturdivania a 19 years old then took the offer at estimate $41 bought
the two pizzas and delivered.

”we celebrate bitcoin pizza day to honor the day

where the first bitcoin payment was done in real
product

5
 HOW TO EARN FREE SATS(satoshis)
1.FOUNTAIN PODCAST APP

Fountain pays its users through listen to different podcast and also by listening to
the promotions

2.BITCOIN MAGAZINE

Earn with bm involve reading atticle and being paid sats by now every day 50 sats

And each Friday there is free flash code

6
3.nostr
Nostr is a social media platform like twitter its difference is that it has zap features
where people can send you bitcoin in iphone is Damus and android is amethyst

7
4.PARTICIPATE IN GIVEAWAYS
you may get sats through the giveway through twiiter
whatsapp and telegram

Whatsapp group telegram group

THERE MANY SITE FOR MORE

PLEASE JOIN THESE GROUPS TO
GET MORE UPDATES OF EARNING
AND GIVEAWAYS

telegram

8
WHY BITCOIN NOT
CRYPTOCURRENCY
As we know bitcoin is the father of all cryptocurrency as
the developers of these tokens copied source code of
bitcoin and made some adjustment to the code which led
to emerge of coins like Ethereum,bnb,and many other

9
As we see most of the coins
emerged they have difference
from bitcoin for example
Ethereum uses the proof of stake
(PoS) where the great holders of
the token they are the one which
controls the network
But in bitcoin is difference in
bitcoin we use proof of work
where the computers have to
solve the mathematical problem
in order to get the reward pool so
in bitcoin there is no community
control it even though you will
hold much coin still you wont be
able to control the network

10
BITCOIN HALVING
Bitcoin halving is the most exciting part in
bitcoin mining where the reward pool is
divided by 2 after each 4 years

11
Also the number of coins in
bitcoin is limited to a max supply
of 21millions and cannot be
changed not like other crypto
where they daily change the
supply but not for bitcoin
𝑦𝑜𝑢𝑟 𝑠𝑎𝑣𝑖𝑛𝑔𝑠
21𝑚𝑖𝑙𝑙𝑖𝑜𝑛 𝑏𝑖𝑡𝑐𝑜𝑖𝑛
So we see its best saving in
bitcoin rather than fiat where
every day its inflating and require
many tax

𝑖𝑛𝑓𝑖𝑛𝑖𝑡𝑦 𝑠𝑢𝑝𝑝𝑙𝑦 𝑜𝑓 𝑓𝑖𝑎𝑡

21𝑚𝑖𝑙𝑙𝑖𝑜𝑛 𝑏𝑖𝑡𝑐𝑜𝑖𝑛
so its best to save In bitcoin
where your investment will bring
more happiness and value rather
than pain

12
“bitcoin is a digital gold”

So what makes gold and bitcoin

to be compared
• Scarcity both bitcoin
and gold are very
scarce
• Finite supply of
bitcoin and gold
• Both are divisible to
smaller quantity
• Hard money they
are both rewarded
after hard work

13
Are you interested in running
your own mining in a simple
way
Its very possible to run your own
mining in your pc although it
requires much electricity and
internet to do so you require
application or software such as
pyrex
Note;you should be connected to
the internet all the time and
powerful computer which should
be on all the time

14
Moreover you should consider
that its very expensive and it will
cause over heating of the pc and
eventually destroy it so its better
to purchaser its equipment if you
real want to do mining in your
own

Also there types of mining in

which you only purchase plans
and they do mining for you in this
case do you are own research
because know days have emerged
many scam site which request
you to purchase a plan but your
not able to withdraw you sats

15
TOP TEN MINNING COUNTRY
1) United state
35.4%
2) Kazakhstan 18.%
3) Russia 11.23%
4) Canada 9.55%
5) Ireland 4.68%
6) Malaysia 4.59%
7) German 4.48%
8) Iran 3.11%
China has shutdown its minning
facilities that’s why is not on the
list
Richest bitcoin holders

16
These information are not 100%
correct due to some holders don’t
expose their address to the public
which make it more difficult
But the address which hold much
bitcoin are of binance and
bitflinex exchanges
“but until today more than
1million bitcoiners hold one
whole bitcoin in their address”

“So until there you will discover bitcoin doesn’t need you
you’re the one who need bitcoin to save your self and your
generation from inflation”

17
HOW TO PROTECT YOUR
BITCOIN
1) Avoid exposing
your private key
2) Avoid gambling
with bitcoin you will
end up losing
3) Stop investing in
platform where they
promise higher
returns
4) Move your bitcoin
away from hot
wallet use cold
storage
5) Don’t save your
seed phrase in
internet device print
it and laminate
“NOT YOUR KEYS NOT YOUR BITCOIN ”

18
If you lost your private key or
your seed phrase know that there
is no way you can access your
wallet cause there is no third part
except in hot wallet don’t loss
your seed phrase and private
keys.
So until know there is more than
one millions of bitcoin lost due to
people forgetting their private
keys which brings you in a great
loss

Your highly recommended to use

paper wallet,jade,cold card,bitbox
and ledger as their the best
wallets to use and are the best
cold wallet till now.

19
Inorder to accumulate bitcoin you must have
bitcoin saving strategy of setting a side a portion
of your income to buy more bitcoins.
Depend in free sats it wont make you reach far
or own 1 full bitcoin you must set a plan either
daily or monthly.

Set a plan which will be comfortable to you and

favour your financial position
Remember you can buy any amount of Satoshi
through any p2p agent but make your own
research cause the industry now has a lot of
scammers be carefully
For safety join the group for more knowledge and
more verified agents (don’t trust verify)

20
Time chain

21
ORANGE PILLING THE
WORLD
As you have learn the way of
bitcoin now you will also have to
help othere and learn and explain
to them the way of bitcoin world
and if they understood you
orange pill them #zap

22
join fellow bitcoiners around the world through orange
pill app
and get more knowledge about bitcoin

LETS STACK MORE SATOSHI(SATS)

23