Yesterday, during Chapter 7 Part II of the Bitcoin Diploma Course, we hosted an enlightening session titled "How to Use Bitcoin," led by nostr:nprofile1qqsz9ackramwqadeuz39pfz83p9vpxcykcmwlltuwqafyw2w60ann6qpz9mhxue69uhkummnw3ezuamfdejj7qgewaehxw309ac8yetdd96k6tnswf5k6ctv9ehx2ap0e47kmc and co-hosted by Graysatoshi. The focus was on understanding Bitcoin wallets, differentiating between custodial and non-custodial types, and mastering their practical use.
nostr:nprofile1qqsz9ackramwqadeuz39pfz83p9vpxcykcmwlltuwqafyw2w60ann6qpz9mhxue69uhkummnw3ezuamfdejj7qgewaehxw309ac8yetdd96k6tnswf5k6ctv9ehx2ap0e47kmc began by explaining the fundamental differences between custodial wallets, where third parties manage your private keys, and non-custodial wallets, which grant users full control over their funds. He emphasized the importance of self-custody in aligning with Bitcoin's decentralized ethos.
The session covered key aspects such as sending and receiving Bitcoin, setting up wallets, and criteria for selecting reliable self-custodial wallets. Jetty highlighted essential features like ease of use, security, and backup options.
A significant portion of the class was dedicated to a live demonstration. Students were guided through the setup of Wallet of Satoshi, a user-friendly custodial wallet, and Phoenix Wallet, a non-custodial Lightning wallet. They learned how to create wallets, secure their seed phrases, and execute transactions. The hands-on experience included sending and receiving Bitcoin, providing students with practical knowledge of transaction processes.
The interactive session fostered active participation, with students engaging in Q&A, enhancing their understanding of Bitcoin wallet functionalities. Jetty's expertise and the collaborative environment made the learning experience enriching.
Additionally, we explored Chapsmart.com, a Bitcoin-based service enabling users worldwide to send fiat money to Tanzania via the Lightning Network, with recipients receiving funds through their Vodacom M-Pesa accounts. A live demonstration showcased the platform's functionality, further enriching the session.
Today, we look forward to concluding Chapter 7 Part II with students performing peer-to-peer Bitcoin transactions. This exercise aims to reinforce their skills in using Bitcoin wallets effectively, ensuring they are well-equipped to navigate the Bitcoin ecosystem confidently.
Here is the video recorded for the session 👉https://drive.google.com/file/d/1S6Bgcfb56LS6k1z8TOOut_Bi1LONf-RA/view?usp=drivesdk
Here is Chapter 7 in general slides 👉https://docs.google.com/presentation/d/1k6W1sIRzmc9oyNlRR7ZbBtxUr9W-owslrzjD7XpJ5zk
Bitcoin wins ✅️🚀🚀
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