But how does bitcoin actually work?

  • Am Vor 3 years

    3Blue1Brown3Blue1Brown

    Dauer: 26:20

    The math behind cryptocurrencies.
    Home page: www.3blue1brown.com/
    Brought to you by you: 3b1b.co/btc-thanks
    And by Protocol Labs: protocol.ai/join/
    Some people have asked if this channel accepts contributions in cryptocurrency form. As a matter of fact, it does:
    3b1b.co/crypto
    2^256 video: de-film.com/v-video-S9JGmA5_unY.html
    Music by Vincent Rubinetti: soundcloud.com/vincerubinetti/heartbeat
    Here are a few other resources I'd recommend:
    Original Bitcoin paper: bitcoin.org/bitcoin.pdf
    Block explorer: blockexplorer.com/
    Blog post by Michael Nielsen: goo.gl/BW1RV3
    (This is particularly good for understanding the details of what transactions look like, which is something this video did not cover)
    Video by CuriousInventor: de-film.com/v-video-Lx9zgZCMqXE.html
    Video by Anders Brownworth: de-film.com/v-video-_160oMzblY8.html
    Ethereum white paper: goo.gl/XXZddT
    ------------------
    Animations largely made using manim, a scrappy open source python library. github.com/3b1b/manim
    If you want to check it out, I feel compelled to warn you that it's not the most well-documented tool, and has many other quirks you might expect in a library someone wrote with only their own use in mind.
    Music by Vincent Rubinetti.
    Download the music on Bandcamp:
    vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown
    Stream the music on Spotify:
    open.spotify.com/album/1dVyjwS8FBqXhRunaG5W5u
    If you want to contribute translated subtitles or to help review those that have already been made by others and need approval, you can click the gear icon in the video and go to subtitles/cc, then "add subtitles/cc". I really appreciate those who do this, as it helps make the lessons accessible to more people.
    ------------------
    3blue1brown is a channel about animating math, in all senses of the word animate. And you know the drill with DE-film, if you want to stay posted on new videos, subscribe, and click the bell to receive notifications (if you're into that).
    If you are new to this channel and want to see more, a good place to start is this playlist: 3b1b.co/recommended
    Various social media stuffs:
    Website: www.3blue1brown.com
    Twitter: twitter.com/3Blue1Brown
    Patreon: patreon.com/3blue1brown
    Facebook: facebook.com/3blue1brown
    Reddit: www.reddit.com/r/3Blue1Brown

3Blue1Brown
3Blue1Brown

If you see comments here about investing or brokers, they are scams. Videos about cryptocurrencies, evidently including ones that are just about the underlying technology/math, are hotbeds for attracting nefarious actors preying on the impressionable. Also, hi! If you’re new to this channel, most of it is about visualizing math. I get it, you probably landed here searching for how BTC works, not to spend your afternoon getting pulled into learning about, say, prime numbers or problem-solving, but if you have a moment take a look at the rest of the channel, you may enjoy what you find.

Vor 4 Monate
Gary Amy
Gary Amy

Mrs Jane is legit and her method works like magic I keep on earning every single week with her new strategy

Vor Tag
Mark Service
Mark Service

This was the best video I ever saw on Bitcoin, it was so enjoyable I wish there were more like it. Finally, someone answered all the questions that arose in my mind about the private keys and other issues. This was an outstanding video. I'm overjoyed to finally learn more of the nitty-gritty of how it works.

Vor Tag
Elias finn
Elias finn

@TuMuch Info +177-3839-5576she's the plug 🖕🖕

Vor 3 Tage
Elias finn
Elias finn

@Roland Dennis +177-3839-5576

Vor 3 Tage
3blue 1brown
3blue 1brown

@Maria Nguyen + 1 ( 8 7 2 ) 2 3 9 5 7 0 9

Vor 5 Tage
Kason Porter
Kason Porter

I make my profit investing with a professional broker Mrs Alice Hendrix, she manages and handle all my investment and get me huge profits.

Vor 10 Stunden
Kason Porter
Kason Porter

@Clayton Erick @ investwithaIice

Vor 6 Stunden
Kason Porter
Kason Porter

@Clayton Erick reach her on teIegram

Vor 6 Stunden
Johnathan Marshall
Johnathan Marshall

thought i was the only one who doesn't understand bitcoin? Watching a documentary about it now and they might as well be talking chiness!

Vor 6 Stunden
Clayton Erick
Clayton Erick

How can i reach your broker, am little bit confused about forex, i want to start investing.

Vor 6 Stunden
Elizabeth Corey
Elizabeth Corey

Speaking of bitcoin trading, it's the best business in the world right now. I know a couple of friends who make a whole lot of money trading the financial market.

Vor 7 Stunden
Bom Abu
Bom Abu

Hi. I have a question for class assignment. Hope someone can answer me.... if the value of one bitcoin keeps on going up and down like stocks.... how can we use it as currency in the future?? Since it is the purpose of bitcoin??? How can i pay by bitcoin to pay for a 1000 item if one bc costs 50.000usd. . And keeps rising. Ty

Vor 10 Stunden
Pavel Frolov
Pavel Frolov

Ни черта не понятно

Vor 10 Stunden
James Benjamin
James Benjamin

Investment is very good when you invest with an Expert and Trustful Broker! I have been seeing so many recommendations about Mr Thomas Telegrm trending, his strategy must be good for people to talk about him

Vor 11 Stunden
Ahmed Joe
Ahmed Joe

Investing in Bitcoin trading is the best investment that's more profitable🤑🤑

Vor 11 Stunden
Caro Line
Caro Line

Expert Mrs Carol Lewis is really trustworthy you gotta see Forex and Bitcoin trading fram a profitable angel.

Vor 9 Stunden
Hui Tang
Hui Tang

@Marcus Amhed tell her | referred you to her for quick response

Vor 9 Stunden
Hui Tang
Hui Tang

+1 7 8 6 2 8 9 9 8 1 2

Vor 9 Stunden
Hui Tang
Hui Tang

@Marcus Amhed I'm not expert Mrs Carol Lewis.

Vor 9 Stunden
Hui Tang
Hui Tang

@Marcus Amhed why mine?

Vor 9 Stunden
PandaCZ
PandaCZ

26minutes of interesting thitgs 👍

Vor 13 Stunden
Timothy W Mullen
Timothy W Mullen

Why dosen't the US make it's own ABC American Bit Coin? And keep it's paper money! The best of both worlds. On one of the Stim's make at least part of it digcurrency so as to get the Lower Income Base Taxpayers in on the Groundfloor due to the stimulis cryteria. ALSO WHY DON'T AMERICIAN STATES/ CITIES CREATE THEIR OWN BITCOINS? Something More Trustable In The Long Run Than The Present Mess!

Vor 15 Stunden
Jack Bobiek
Jack Bobiek

The happy relation antenatally match because kiss roughly excite before a historical propane. laughable, acrid slip

Vor 15 Stunden
TheOrigin
TheOrigin

bc1qs9eaqfrjqrna6eqtjr6540m85lvkdrutpdnk5k

Vor 16 Stunden
Ben Ogorek
Ben Ogorek

Is looping through integers and running sha256 really the "work" that the miners do, or it is more complicated? I thought they were solving a puzzle.

Vor 18 Stunden
Liem H
Liem H

Where are these money come from? Thin air? lol I see a future where Bitcoins is a vehicle to transfer money, like Western Union. But a de facto currency... lol good luck

Vor 19 Stunden
дмитрий коротковский
дмитрий коротковский

내 존재의 가장 유익한 결정은 Instagram에서 Ms @Mai_Trades와 거래하는 것이 었습니다. 다른 모든 상인보다 그를 선택할 생각은 없었을 것입니다. 저는 $ 700로 거래를 시작했고 며칠 만에 $ 8,500의 수익을 얻었습니다. 그의 근면과 신뢰는 타협 할 수 없습니다 바이너리 옵션 거래에서 저의 성공은 위대한 거래자의 훌륭한 경험과 기술의 결과입니다. 제가 한동안 거래 해왔고 저의 성공은 엄청났습니다..

Vor 20 Stunden
Dickson kim
Dickson kim

Mrs kathy is legit and her method works like magic I keep earning every single week with her new strategy

Vor 21 Stunde
Sebastian Anthony
Sebastian Anthony

Expert Mrs Kathy is the only I can recommend to you dear I've been scammed so many times

Vor 19 Stunden
Ada Bethel
Ada Bethel

When I saw testimonies all over the place I thought it was all made up stories till I was convinced and gave it a try and honestly I don't regret the move I made because I invested in a big way and I got a large amount of profits....

Vor 19 Stunden
Susanne Petra
Susanne Petra

I came across Mrs kathy in a conference meeting at Washington DC after giving her speech I was opportune to meet her and start investing

Vor 19 Stunden
Andrew Martin's
Andrew Martin's

A friend that I referred to her just received €7,050 profit after 10 days of investing I..... became jealous.. Lol

Vor 19 Stunden
Lewis Alfred
Lewis Alfred

I doubted her before I gave it a try and it was of no regrets

Vor 19 Stunden
Habib Alam
Habib Alam

Making something dauntingly complex into to bite-sized comprehend able animations, you sir just got a subscriber for life.

Vor 22 Stunden
Eduardo Matias
Eduardo Matias

The presentation of verification methods as functions and their signatures gave a pleasant resemblance to network protocols. Great video.

Vor 22 Stunden
Bob Smith
Bob Smith

Bitcoin was created by the NSA. It is the onramp to Digital currency. The main idea is to make Crypto so unmanaged by Governments and people that they will have to start implementing regulations to it. That's the role of it. The Digital dollar will replace it in 2022. The US Government bought 200 million bitcoin from 2010- 2012 for $10 each. While owing The American people 3 Trillion they borrowed from Social Security that was due for payment in 2013. What did Obama do to repay our Social Security? he raised the SS tax 2% and didn't pay anything. Since they have 100 million in Bitcoin that is at $50,000 now, so that's about 5 Trillion dollars the Government of the USA has made off of our money. So where is it? This is one of the main reasons the USA wants as many foreigners to come work in the USA and pay into Social Security but are never eligible to receive it. Just as Bush W did to restore SS. If you think no-one has control over Bitcoin, you are deceived.

Vor Tag
jordan woods
jordan woods

Here again trying to understand what NBA top shot is now

Vor Tag
Capt. Lee Losbach
Capt. Lee Losbach

Top Dollar Forex Investment

Vor 22 Stunden
American Patriot
American Patriot

So, numbers on a screen. What happens when everything, and I do mean EVERYTHING, comes tumbling down? What will be of true value and lasting worth? FOOD, WATER, CLOTHING, SHELTER, MEDICINE, FUEL, GUNS AND AMMO and KNOWLEDGE to survive. Just sayin'.

Vor Tag
beni maX
beni maX

Crypto *game for crooks* folks 😃🇺🇸

Vor Tag
lighten up
lighten up

Guess I won't be getting into bitcoin. Banking is much simpler to get into and explain ... and is as crooked as the US government. This video (if nothing else) clearly indicates a level of complexity that is far and away too intricate to not be hackable. Requiring a PhD to understand should be signal enough to stay away.

Vor Tag
Capt. Lee Losbach
Capt. Lee Losbach

Top Dollar Forex Investment is the best forex broker

Vor 22 Stunden
Discordador Profissional
Discordador Profissional

As it is said at 1:46, you don't really have to know that much in order to simply use it, just like you don't need to know how the mechanical engineering of a car works in order to drive it or know how TCP/IP works in order to use the internet. This video explains how it works internally, which is complex, but using it is much simpler.

Vor Tag
rushikesh kamavisdar
rushikesh kamavisdar

biswa

Vor Tag
Joseph Searcy
Joseph Searcy

Why has China banned bitcoin mining in Mongolia and what are they afraid of ?

Vor Tag
Siddharth Bagga
Siddharth Bagga

biswa

Vor Tag
Almonso
Almonso

Imagine mining a block only to find out that two of the transactions arrived in the wrong order, and the whole block was invalid

Vor Tag
Bernhard Sonn
Bernhard Sonn

Imagine how intelligent you have to be to invent that shit

Vor Tag
Kokcha's Den
Kokcha's Den

Who is here after Biswas stream 😁👍

Vor Tag
Bernhard Sonn
Bernhard Sonn

11:38 i read 100 LSD lol

Vor Tag
Bernhard Sonn
Bernhard Sonn

Why do the people Look like pii?

Vor Tag
Sandeep Shiven
Sandeep Shiven

What if I change the data before proof of work obviously I can't change the data after proof of work but what if I do it before doing proof of work?

Vor Tag
Rajat sharma
Rajat sharma

This is the best explanation for bitcoin.

Vor Tag
Matthew Wasy
Matthew Wasy

Yeah but for more crypto issues you can contact this number +1848-228-4834

Vor 20 Stunden
Erison Veshi
Erison Veshi

'Satoshi' has joined the chat.

Vor Tag
Saish Natekar
Saish Natekar

Here after Biswah's recommendation !

Vor Tag
KANG LEI
KANG LEI

Being financially free and having money invested in the most important factor in living a good free life. 99% Americans don't have money saved or invested and all the do is spend..

Vor Tag
Manish Sharma
Manish Sharma

This is the only video on the entire Internet that explains Bitcoin to the depth, Other only using technical terms but none are going to the depth, the math behind the BTC like 3b1b. Thanks for creating this video.

Vor Tag
KANG LEI
KANG LEI

Inbox my trade analyst

Vor Tag
KANG LEI
KANG LEI

4.......... 6........... 9............ 3........ 1....... 2.......... 2........... 9....... 7........ 1..... (+1 code)

Vor Tag
KANG LEI
KANG LEI

Thanks I appreciate your comments

Vor Tag
Srishti S
Srishti S

here because of BISWA KALYAN RATH

Vor Tag
Sheetal K.
Sheetal K.

You mean the system cant be defeated? What if the block chain fraud is executed like US 2020 elections? What if millions of people spread all over secretly join hands to fraud others? What if some AI bot does something nasty? Nothing can replace TRUST. Ultimately you need to be able to trust "that" with which you are interacting for exchange/transactions.. for a fair trade.

Vor Tag
Aniwesh Ranjan
Aniwesh Ranjan

Directly landing here after Biswa's crypto class 😁

Vor Tag
DhruvPatel ICT
DhruvPatel ICT

Biswa has suggested this video.. you will receive a sudden hike in views😂

Vor Tag
Gaurav Wasnik
Gaurav Wasnik

Biswa ke stream se kaun kaun aya

Vor Tag
Karen Sammy
Karen Sammy

I was able to build a big income stream during the covid-19 pandemic investing with a professional broker, Mr Thomas Anderson

Vor Tag
John Matthew Samson
John Matthew Samson

@Khalifa Genesis You invest with Mr Thomas too? Wow, that man has been a blessing to me and my family.

Vor Tag
Khalifa Genesis
Khalifa Genesis

@Samfia Jon I'm new at this please how can I reach your broker?

Vor Tag
Samfia Jon
Samfia Jon

@Mary Sammy I normally don’t do this, but coming across Mr Thomas in this channel, I just have to say something. He is indeed a tutor, he guided me even when I was being naive to the basics of trading. Thanks to him today I have made reasonable amount of crypto stacked up and a good trading capital.

Vor Tag
Mary Sammy
Mary Sammy

@Sammy Trump Mr Thomas changed my life because of the high profits I got from investing with him.

Vor Tag
Sammy Trump
Sammy Trump

I'm surprised you know him too, I've been making lots of profit investing with him a few months now.

Vor Tag
Ayush Singh
Ayush Singh

Anyone after biswa like😂

Vor Tag
Vidur Bhalavat
Vidur Bhalavat

Who's here after Biswa Kalyan Rath's stream?

Vor Tag
Mukesh Yadav
Mukesh Yadav

Biswa mast aadmi.

Vor Tag
Deepraj evane
Deepraj evane

Biswa reference 😎

Vor Tag
Samerth Sharma
Samerth Sharma

who is here after biswa video

Vor Tag
Nicky Jing
Nicky Jing

I Invested in Crypto and stocks but believe me crypto is better than stocks

Vor Tag
Jin Prince
Jin Prince

Bitcoin holders are termed to be one of the richest people in few great to come..invest now

Vor Tag
John Peter
John Peter

I advise new and old invest investors to seek professional guidance and assistance an expert broker who understands the market in order to avoid unnecessary losses

Vor Tag
Wavy Mark
Wavy Mark

@Lawrence Best .+1 9 0 3 5 2 7 7 3 0 4

Vor Tag
Wavy Mark
Wavy Mark

@Lawrence Best watsap ☝️👇

Vor Tag
Wavy Mark
Wavy Mark

@Lawrence Best .+1 9 0 3 5 2 7 7 3 0 4

Vor Tag
JL Phillipsen
JL Phillipsen

Bitcoin doesn't work; You do.

Vor Tag
Nicky Jing
Nicky Jing

+1 9 0 3 5 2 7 7 3 0 4 Watsap

Vor Tag
The Bran Clan
The Bran Clan

(CORRECT ME IF IM WRONG) I think I learned something new with that output thing, u can raise how ever many of the numbers available by the amount of positions that number can be in place in —> in order to find out how many different numbers there could potentially be. For instance if there is a 16 number sequence, and in each individual number in the sequence (so there’s 16) it is either 3, 5, 8, or 9 at random. You can say 4^16, which would give me how many potential answers I could have in this sequence. Right? (Btw I rlly should do my math hw and study for my psychology test tomorrow)

Vor Tag
Harshit Mourya
Harshit Mourya

great work sir.......explained simply

Vor Tag
Aleksey
Aleksey

Yeah I'll stick to cash

Vor Tag
CF Win
CF Win

This looks like a great design to ensure the integrity of the system but the drawback is that it’s very resource intensive.

Vor Tag
That Redheaded Kid
That Redheaded Kid

Here is a simple cryptocurrency... any video game coin or gem or whatever

Vor Tag
Achilles
Achilles

isn’t it a lot of data for everyone to hold on to. Surely having a log of EVERY transaction is a lot

Vor Tag
Eric J
Eric J

@Sagar Nath The ethereum blockchain is around 60KB each, and with all 11.5 million blocks right now you have 690GB of total transactions (not to mention the time it takes as a full node to verify one). In order to spam block rewards you need more hash power than EVERYONE else combined (called a 51% attack), which is very unlikely and has only happened once so far.

Vor Tag
Achilles
Achilles

@Sagar Nath i might be wrong, but i think a single user can’t do that because they don’t have enough computing power to outrun all the other miners combined

Vor Tag
Sagar Nath
Sagar Nath

Same doubt. Also isn't it possible for someone to use a lot of computation inorder to add a huge amount of bitcoin to their account in one transaction?

Vor Tag
Paul Clarke
Paul Clarke

Best video on YouTube.

Vor Tag
Jane Scott
Jane Scott

I tried every recovery method to get my phrase account back but none of them seemed to workout except this outstanding dude HACKERLORD12345 on Instagram. He is the best...

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Jane Scott
Jane Scott

I tried every recovery method to get my phrase account back but none of them seemed to workout except this outstanding dude HACKERLORD12345 on Instagram. He is the best...

Vor Tag
Jane Scott
Jane Scott

I tried every recovery method to get my phrase account back but none of them seemed to workout except this outstanding dude HACKERLORD12345 on Instagram. He is the best...

Vor Tag
Jane Scott
Jane Scott

I tried every recovery method to get my phrase account back but none of them seemed to workout except this outstanding dude HACKERLORD12345 on Instagram. He is the best...

Vor Tag
Ohad Raps
Ohad Raps

It's the best video on YouTube for leaning how the bitcoin protocol works. So we'll . made!

Vor Tag
Suleiman Gwada
Suleiman Gwada

I have traded with a lot of individuals but I have never come across anyone as good as *Metro__Kelvinfx* on IG, just by applying his strategies, I now trade independently. he is the best I'd advise any novice in investing to trade with him. ..

Vor Tag
McGrady
McGrady

My PI Network invitation code: MarkoMcGrady

Vor 2 Tage
xXinsaneboyXx
xXinsaneboyXx

'Quantum_Bits' has joined the chat.

Vor 2 Tage
OthMan
OthMan

props for making this video with dark background! small details but makes it so easier to follow

Vor 2 Tage
Michelle
Michelle

The significant difficulties financial backers face may go from controlling lack of caution to the slight of impulse. Most novices and would-be financial backers frequently sabotage and regularly disregard the significance of specialized investigation concerning exchanging. Specialized investigation excessively predicts the development of resource costs paying little mind to what's going on in the more extensive or more extensive market. Basically, the interaction includes contemplating the ways of a specific resource development before to build up a maintainable example that can be utilized to anticipate future developments. I would urge financial backers out there to exchange with the little they have or duplicate exchange alarms from an expert merchant. I have been utilizing Ryan Robert exchanging Signals and Strategy Designer since the last bear market, expanding my portfolio day by day. With his system/signals, I have had the option to develop my portfolio to 14 btc with my underlying 0.9 btc. A few group may need to Rea ch out to him to likewise become their Crypt0 . tel_le-gram@Withryan. through WhAtSaPp+1 (204) 410 1947

Vor 2 Tage
Rawlings Erica
Rawlings Erica

Spot on! trading with Ryan strategy is nothing new to me on this space. I've been his student since late 2020 and He's been a great mentor to me! All th@nks to h!m

Vor 2 Tage
Damion Bailey
Damion Bailey

Honestly the right information is wI believe the benefits of a successful trade comes from an expert That we need to succeed.

Vor 2 Tage
Gunter Brandl
Gunter Brandl

I was introduced to bitcoin by my uncle as a newbie she suggested the best way for me to learn and earn is through Ryan and when reach her to her she didn’t disappoint

Vor 2 Tage
Debbie Hanisch
Debbie Hanisch

People brains glaze over when you talk about fiat currency. Wait until they get a load of this. Can't see this flying w. Lots if people. Some buying don't gave a clue what they're purchasing. They just jump on the wagon.

Vor 2 Tage
Jerry Webster
Jerry Webster

Hello I'm new to bitcoin trade and i have been making few loses, but recently i see a lot of people earning from it , can someone please give me a new strategy or at least tell me what I'm doing wrong?

Vor 2 Tage
James Nelson
James Nelson

For more enlightenment chat on W'h'a't's'A'p'p/ +'8'5'5'0'9'7'6'8'4'7'4'5'1

Vor 2 Tage
A B
A B

Accounts with pictures of old women in this comment section be like "the decentralization of the computational interaction in the more extensive market to duplicate exchange alarms...". Shut up Rebecca.

Vor 2 Tage
jaiden b
jaiden b

The aware stretch prenatally need because tennis kelly burn lest a jumpy knife. frequent, abject october

Vor 2 Tage
Lei Nguyen
Lei Nguyen

Nice and informative video... Well i will also say this here, Bitcoin (BTC/USD) is still pushing higher in a bullish pattern and the leading asset still had more future which a lot of top analyst suggested that it will break the 50,000 resistance zone against the US dollars. Nevertheless it is not wise to keep holding at this point in time, it is best we keep trading by getting involve in day trading and grow the little asset we hold or buy to accumulate more ahead of the bullish predictions. Bitcoin trading has been favourable and profitable because i employed the right strategy/daily signals provided by a Expert trader known as RamAsalya,he is not just a pro but also life savings when it come to bitcoin trading signals and so far have gained so much under his umbrella. În just 5 weeks of activeły trading with his daily signals, i was able to accumulate and grow my portfolio from 1.1btc to a total of 5.89btc which you will agree is a nice one. He can be reached on T elegram (@RamiAsalyaExpert) for his assistance. Lets be positive and remain winnin

Vor 2 Tage
Lei Nguyen
Lei Nguyen

@Robb Holding After trading with Rami’s strategy my eyes are now open i have more knowledge and better understanding about crypto and bitcoin Trading and the whole business

Vor 2 Tage
Anderrlla Vicente
Anderrlla Vicente

Rami has the most accurate trade s!gnals i have ever used and he is also a great teacher. Learnt a lot from him already

Vor 2 Tage
jolly kims
jolly kims

Positive remarks is all I have read and heard about this Rami for a whle now.would love to seek his assitance soon when i'm ready

Vor 2 Tage
Robb Holding
Robb Holding

I made a withdrawal of 5btc yesterday too from trading with Mr Pomp, i also advise traders who are lacking good signals to contact him today.

Vor 2 Tage
kristein mark
kristein mark

@Corey Matthew Tested and trusted💯 I recovered all my loses dealing working with{RamiAsalyaExpert} on ͲҽӀ ɾąʍ. they work perfectly and trustworthy💪

Vor 2 Tage
Coino Clast
Coino Clast

Click like if you want to see a 3B1B video on SHA256

Vor 2 Tage
klim po
klim po

Stocks are good but investing in crypto right now will be the wisest thing to do as the market is much favourable now.

Vor 2 Tage
James Nelson
James Nelson

For more enlightenment chat on W'h'a't's'A'p'p/ +'8'5'5'0'9'7'6'8'4'7'4'5'1

Vor 2 Tage
inixratedini
inixratedini

Bitcoin developers don’t come forward. There’s gigantic servers that mine Bitcoin funded by who? Who gives them access to join this network ? There’s so call transactions made daily but who in there right mind uses a unstable currency. So many questions

Vor 2 Tage
Faisal Khan
Faisal Khan

Neat!. Subscribed.

Vor 2 Tage
frogimmortal
frogimmortal

Really well done, thank you

Vor 2 Tage
Kiana Hubbard
Kiana Hubbard

trading right now will be at the of every wise individual’s list. In 2years you’ll be ecstatic with the decision you made today

Vor 2 Tage
Smit Shilpatul
Smit Shilpatul

Wow all you fake guys here

Vor 2 Tage
Keren seyller Vanvleet
Keren seyller Vanvleet

I tried trading without a professional like alana Blair is like gambling with your money

Vor 2 Tage
Silvia Wagner
Silvia Wagner

Lost €1200 carelessy trading on a platform then I was referred to Alana Blair she recoverd the loss and made an extra profit of €4600

Vor 2 Tage
Silvia Wagner
Silvia Wagner

Trading on your own is very risky

Vor 2 Tage
Alexander Lucas
Alexander Lucas

Trading crypto now will be wise but trading with a professional is not.

Vor 2 Tage
Code Deb
Code Deb

Wishing I had seen this video three years ago

Vor 2 Tage
James Nelson
James Nelson

Massive earning with Mrs Florence for more enlightenment W'h'a't's'A'p'p/+'8'5'5'0'9'7'6'8'4'7'4'5'1

Vor 2 Tage
Adrian Mišak
Adrian Mišak

if one block is limited to 2400 transactions, and one new block is added every 10 minutes, what happens if there are more than 2400 transactions waiting to be added to the chain? if popularity of bitcoin trading increases, doesnt the number of transactions get much bigger than 2400 every ten minutes? will the system keep up with the number of transactions? am i missing something?

Vor 2 Tage
Jon CVS
Jon CVS

the limit is there to prevent spam, can be raised at an increased storage cost for the nodes. Your question is the most interesting. many altcoins propose solutions to this, that if proven secure, can be adopted by btc in the future.

Vor Tag
Adrian Mišak
Adrian Mišak

@plasticman2011 interesting... thanks for the explanation

Vor Tag
plasticman2011
plasticman2011

Transactions wait in the mempool and can increase fees to get included into a block sooner. Ultimately there is a fee market where low fee transactions get priced out, but they can use a second layer protocol like lightning network to make transactions.

Vor Tag
boywisard
boywisard

Great video @3Blue1Brown but there is still a level of metaphor that is annoying me and preventing me from understanding. You talk about individual users sending/receiving updated blockchain transactions. Ok, but where is that then stored? Locally? I get the "longest" blockchain transmitted to me via what? Where is it stored? Is that all dependent on some specific application? Does this whole system imply that it would completely cease to function if all the miners and users simply deleted their records and never updated again?

Vor 2 Tage
plasticman2011
plasticman2011

All network full nodes store the full blockchain on their own computers - stored locally and across the network, but you can run a light client where you only track the transactions you are interested in. All transaction data including blocks are relayed on a peer to peer network. Yes, all data getting deleted would cause the network to stop working, but I'm not sure why people interested in their bitcoin wealth would choose to shoot themselves in the foot like that. It isn't that much data anyway, the blockchain can only grow about 100 gigabytes per year. About half a terrabyte so far in total.

Vor Tag
boywisard
boywisard

Also, if the ledger is the sum of ALL previous transactions, how the heck is it feasible to sustain that going forward? A ledger would be ridiculously huge at some point and you are saying that that is also being transmitted among nodes constantly?!

Vor 2 Tage
ViralNews
ViralNews

Why are the subtitles different than the spoken words? That's so extremely infuriating..

Vor 2 Tage
Arslan T
Arslan T

Pi invite code: BlackxMamba

Vor 3 Tage
J3KB0T
J3KB0T

cash still remains king

Vor 3 Tage
ConceptSounds
ConceptSounds

*inflation laughing*

Vor 2 Tage
fl
fl

good luck having your money depreciate every year

Vor 2 Tage
sempervirentz
sempervirentz

Seriously. This is the best (most comprehensible) video about proof of work on the net.

Vor 3 Tage
Shivam Kushwah
Shivam Kushwah

i would like to understand the mentality of people who are disliking his videos.....more than the terrorists

Vor 3 Tage
Château Robinet
Château Robinet

But from where does the true value of bitcoin originate? Is it purely intrinsic or a function of external factors like how much time and energy (bill) went into the mining of whether Tesla is investing?

Vor 3 Tage
Nolan Vaughn
Nolan Vaughn

How does this system change with quantum computing??

Vor 3 Tage
Scott Mackie
Scott Mackie

FACTS ABOUT BITCOIN:  It has NO service or product, NO income or asset backing and NO regulation protection. The SOLE OBJECTIVE is to attract evermore new cash from greater fools to drive the price higher so that the earlier punters can cash out with huge profits. Simple, blatant objective. CRIME: and yes, Bitcon is perfect to evade sanctions and taxes, drug payments, terrorism, ransoms and other illegal activities.

Vor 3 Tage
plasticman2011
plasticman2011

@Scott Mackie if that's true, who do you think is the charles ponzi or madoff of bitcoin? I'll answer it the question for you - bitcoin is a completely open and decentralized system so there is no madoff or charles ponzi orchestrating such a scheme. It's not a ponzi. Now the US dollar on the other hand...

Vor Tag
Scott Mackie
Scott Mackie

@plasticman2011 crypto / Bitcoin is a blatant PONZI scheme.

Vor Tag
plasticman2011
plasticman2011

That's a lot of words to just say "store of value", one of the key features of money.

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Omar Alkhatib
Omar Alkhatib

Well, I'm not sure if I understand this but it explains a part of the equation, the mining part. But since that depends on speed and computational abilities, that raises questions about who owns better hardware that may not be available to everybody else, who invented the hash functions and simultaneously what if the owners have an agreement to reject or override other's blocks of transactions at will, like if the work has already been meditated since years but not been introduced to the chain yet. Then there's the value that's based on demand and the pubic agreement that a digital asset that serves little or no purpose has a value. To me the whole thing still sounds like a big gamble especially for someone who buys the currency rather than mines it. Thanks for the video 👍

Vor 3 Tage
plasticman2011
plasticman2011

@Omar Alkhatib if you want to understand it, consider reading "The Bitcoin Standard" by the economist Dr. Saifedean Ammous

Vor Tag
Omar Alkhatib
Omar Alkhatib

Then I guess I dont understand it. Thanks.

Vor Tag
plasticman2011
plasticman2011

Bitcoin is an open system, all the users are the owners. Miners are just workers.

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Tenxor Engine
Tenxor Engine

When you realise that there are many topics that he has not touched:

Vor 3 Tage
Tenxor Engine
Tenxor Engine

Ok fine but what is π doing here?

Vor 3 Tage
Nathalia Filipe
Nathalia Filipe

Good strategy is the simple secret..... Thanks for this info

Vor 3 Tage
Dr. Rodrigo Leonard
Dr. Rodrigo Leonard

Thanks for this info 👍

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Marissa Ramos
Marissa Ramos

I heard about her from a friend. Of a truth she's good and skilled in trading.

Vor 3 Tage
Martina
Martina

I just sent her a message. I pray mine works!

Vor 3 Tage
Camila Mason
Camila Mason

This is exciting! Julia Mac is just a miracle. I don't want to tell you here how much I've made through her. I have truly made good money through her

Vor 3 Tage
Mabel Bradley
Mabel Bradley

Yes that is the contact. I'm pretty sure she will be of help. Just tell her to trade for you. Best of luck!

Vor 3 Tage
Kenny Nguyen
Kenny Nguyen

WOW BLOCKCHAINSSSS

Vor 3 Tage
IIARROWS
IIARROWS

4:37 emmh... no? In fact, every signature is different, even when you need to sign multiple time on the same document (especially that, because you grow tired). Physical signature has always been bullshit.

Vor 3 Tage
The Founding Fathers were Deists
The Founding Fathers were Deists

You sound like you were wearing a mask while narrating this video. It's very muffled.

Vor 3 Tage
NSTYFatMan
NSTYFatMan

1G54NR356V5YMG4F3CBtkep5Pf5DaiR2Xt

Vor 3 Tage
John Wood
John Wood

I first watched this when you released it and since I have come back time and time again to share with others because it's still the most comprehensive explanation of blockchain technology. Even if it has moved on slightly. 👌👏

Vor 3 Tage
Jonny Godfrey
Jonny Godfrey

Hello mate, I glanced through your page and I have a business proposal for you. Dm let me give you an insight

Vor 3 Tage
Steve Manus
Steve Manus

I was following pretty well until the block creation process. If blocks are chained to other blocks then how can someone just grab a bunch of transactions and build a block? Doesn't the new block need to be chained to prior blocks? If everyone is building blocks at the same time, which block is the last one to chain to? Wouldn't everyone be building different sized blocks of an arbitrary collection of transactions? What makes one chain longer than another if it is only one giant long chain? If chains are not connected to each other (how would that happen?) then couldn't chains contain different collections of blocks? If so, how would I know whether my transaction was included in a block or not? It just seems like a gigantic mess! There must be something missing in Grant's explanation.

Vor 3 Tage
Niggo Hazerdart
Niggo Hazerdart

Great video! Thanks for putting in all the effort!

Vor 3 Tage
X-L M
X-L M

good job buddy, like & subscribe as well

Vor 3 Tage
Nicholas Santoso
Nicholas Santoso

What happens if a large portion of miners collude to create a fraudulent block? Would they have to keep it up? would everyone continue to build on top of the fraudulent block?

Vor 3 Tage
Theo Pantamis
Theo Pantamis

The fraudulent block is rejecting by the peers who received it, if it is invalid that act as if they didn't receive anything and can even disconnect the miner from their network of neighboors if the miner spams fraudulent blocks. No one else will ever know about the fraudulent block.

Vor Tag

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