A somewhat technical explanation of how Bitcoin works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most exciting projects coming out (Ethereum, etc): https://app.pluralsight.com/library/courses/bitcoin-decentralized-technology
Lots of demos on how to buy, send, store (hardware, paper wallet). how to use javascript to send bitcoin. How to create Ethereum Smart Contract, much more.
Shorter 5 min introduction: https://www.youtube.com/watch?v=t5JGQXCTe3c
Written version: http://www.imponderablethings.com/2013/07/how-bitcoin-works-under-hood.html
My Bitcoin address: 13v8NB9ScRa21JDi86GmnZ5d8Z4CjhZMEd
Arabic translation by Ahmad Alloush
Spanish caption translation by Borja Rodrigo, zordycorak@gmail.com, DFJWgXdBCoQqo4noF4fyVhVp8R6V62XdJx
Russian caption translation by Alexandra Miklyukova
Italian voice over: http://youtu.be/1aEf3qr7UdE
Italian captions translated by Simone Falcini, 1H5KdCnBooxfqpXtyQBBAKKRU7MkCZCVCe
source
messages won't affect ledgers if the message is sent by the receiver of the money right?
I'm still confused but more informed than before lol Thank you for the great, detailed break down!
Thank you. That was very useful.
Would the successful invention of quantum computing become problematic to bitcoin security?
with all the math involved I think it's evident that an American did not make bitcoin
Typo in slide heading: "Cyrpto" should be "Crypto" circa timestamp 15:00/22:24
you're the first person to have explained such a complex system in such a simple way .. thankyou for this vid !
fantastic work
Thanks. Nice tutorial
excellent explanation! and probably ahead of it's time ! Without all the fanboy hype about how revolutionary and disruptive (-_-) this technology is.
Excellent ! Thank you!
NO ONE TALKS ABOUT WHAT AND WHERE THIS "BITCOIN NETWORK / DATABASE " IS ??? where is it ???????
Fucking pharma ads for adhd…
excellent explanation! big thanks!
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This video is amazing. It answered so many of questions and provides a understandable yet in depth explain of bitcoin. Thank you for this awesome video.
amazing video. very descriptive. The other several videos i saw , gave me more questions , while all answering same questions . Thank you
Fantastic work! Dragon Mining recognizes this as a useful and informative video. 20 minutes worth watching if you're looking for an easy to understand technical explanation of how Bitcoin works.
After watching some awful videos that claimed to demystify Blockchain, i am happy to come across yours. Thank you!
Just a small nitpicky note: Addresses in Bitcoin are not exactly the public key. They are hashes of the public key of an address in base58
Brilliant Work , Thanks for sharing this information.
Its easy for the bankster and central banks to bring down bitcion to it's knees and outout business. IRS and Banks will treat bitccoin as an investment and will tax the hell out of it and they can also regulate bitcoin and other crypto currencies out of business. for bitcoins to work somewhat they will have to buy or own mastercard , visa or capital 1. american express. the creator of bitcoin is just like another pyramyd scheme
yo this shit is harder then calculus..
17:00 the system is vulnerable to humans getting smarter and maybe building a quantum computer
This is by far THE best explanation of how blockchain and bitcoin work. Thank you!
Well done!!
so whoever the fuck wrote the equations is fucking KING. ILLUMINATI CONFIRMMEEDD!!!!!/_I
OMG! My neurons just fried.
This went way over my head. But I kept listening anyways.
The best explanation I have come across after much searching…Thanks!
wow, awesome, thank you so so much!
Fantastic explanation. Very clear and quite concise. Now it's time to head to the math books to go deeper. Thank you very much!
you make this too easy to understand. you need to talk faster to make video less boring to learn.
Thanks for this good video. Its a shame too many people are so ignorant they think its a ponzi scheme.
If BTC saved thousands of peoples lives each year, and cuts down on impact upon nature by 97%.
Then this is Progressive and saving the planet!
Also, mining BTC will be over within 70 years. Then their will never be a need for mining again. However, FIAT will need to be mined the metal, forest cut, toxic ink, troops transports and bank robberies for the next 10,000 years at least.
70 years, and no more mining BTC ever again. Only 21-million will ever be minted.
Also, 3% of BTC has been used for drug's. While a staggering 87% of USD has been used for drugs. And 83% of USD has drug residue physically on them, harming little children. No BTC ever has any drug residue on them. Also, almost all drug bust around the world also include massive amounts of untraceable United States Dollars on hand.
Bitcoin is 100% traceable all of the time.
Bitcoin adalah mata uang yang digunakan secara global
omg this system is so intelligent and also great explanation; mind = blown
Great video..