But how does bitcoin actually work?

  Переглядів 15,575,857

3Blue1Brown

3Blue1Brown

День тому

The math behind cryptocurrencies.
Help fund future projects: / 3blue1brown
An equally valuable form of support is to simply share some of the videos.
Special thanks to these supporters: 3b1b.co/btc-thanks
This video was also funded with help from 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
ENS: 3b1b.eth
2^256 video: • How secure is 256 bit ...
Music by Vincent Rubinetti: / 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: • How Bitcoin Works Unde...
Video by Anders Brownworth: • Blockchain 101 - A Vis...
Ethereum white paper: goo.gl/XXZddT
Timestamps:
0:00 - Introduction
2:25 - Ledgers and digital signatures
7:21 - The ledger is the currency
10:06 - Decentralization
12:26 - Cryptographic hash functions
14:38 - Proof of work and blockchains
19:42 - Double spending
21:41 - Block times, halvenings, and transaction fees
24:40 - Thanks
Thanks to these viewers for their contributions to translations
Italian: @lcl45
------------------
Animations are 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/a...
Stream the music on Spotify:
open.spotify.com/album/1dVyjw...
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 UKposts, 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: / 3blue1brown
Patreon: / 3blue1brown
Facebook: / 3blue1brown
Reddit: / 3blue1brown

КОМЕНТАРІ: 26 000
@3blue1brown
@3blue1brown 3 роки тому
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.
@samuelluce8286
@samuelluce8286 3 роки тому
I'd recommend not just reporting, but also replying to them, explaining to any potential readers how their advertisement is a scam. Commenting is quick, and could save somebody hundreds of dollars! :)
@rjleykassya1931
@rjleykassya1931 3 роки тому
Thank you so much Lisa
@caden5173
@caden5173 3 роки тому
Wow I’m already seeing scams scrolling through the replies to this lmao.
@rolanddennis791
@rolanddennis791 3 роки тому
I appreciate your efforts toward my account, I give it a try but I wasn't regretting it at least
@rolanddennis791
@rolanddennis791 3 роки тому
@Eric Martins yeah, you're right
@morenocesarp
@morenocesarp 2 роки тому
"I'm still confused, but on a higher level!"
@scottlane6353
@scottlane6353 2 роки тому
Me too. My confusion is at a much higher level after seeing and grokking this video. So, I'm grateful for that.
@ben251
@ben251 2 роки тому
that's a really nice way of phrasing things
@awd7477
@awd7477 2 роки тому
i searched alot information and already know how it works before watching this video :D
@awd7477
@awd7477 2 роки тому
@@themayanksingh i profited alot with it
@datascience2254
@datascience2254 2 роки тому
Confusion is at that level that , it's rare to find someone get it
@Charlie-rh8od
@Charlie-rh8od 3 роки тому
When he said “I’m looking at you Charlie” I got chills
@beomon3449
@beomon3449 3 роки тому
lol
@jacobhall1324
@jacobhall1324 3 роки тому
Pay them back CHARLIE!!!
@Cethavi
@Cethavi 3 роки тому
Charlie, you still owe me $100 😠
@dogeusR
@dogeusR 3 роки тому
Charlie. Pay the man his $100
@dirkus3722
@dirkus3722 3 роки тому
😒
@Youth-growth
@Youth-growth 2 роки тому
You have no idea how much I've tried to find an article or video actually explaining how cryptocurrencies work. Everyone else just goes around with analogies. They probably don't understand fully themselves. Thanks man.
@DiThi
@DiThi 2 роки тому
Something that should be obvious to any computer scientist: This is terrible in practice. It wastes the same amount of energy every 10 minutes regardless of how many transactions are there. This amount of energy is only decided by how much energy miners want to waste: the answer is as much as possible, while still having a profit. So every 10 minutes miners can spend 6 bitcoins worth of electricity and still have profit (0.25 btc). The more expensive crypto gets, the more energy it will waste.
@rrestoring_faith
@rrestoring_faith 2 роки тому
@Alberto T. Yeah, it's not scalable. Note that proof of work is one solution to the problem; there are many other ways of doing it. (Ex/ proof of time, proof of stake, proof of burn, etc...). Also, if the amount of time was reduced to say 0.01 seconds instead of 10 minutes to make it more practical, there will be too many forks & network spam. The blockchain itself also has poor scalability, though, considering that transactions from a single individual are spread out and all stored separately. It is a neat idea. There are just too many downsides.
@kseriousr
@kseriousr 2 роки тому
@Tobi I'd probably go with centralized and regulated currencies because they seem way less volatile, reliable and secure. And if cryptocoins ever become the go to currency, central authorities and the wealthy will centralize their hold on it, so I don't see how that's ever going to become a better alternative. Maybe the players and the chips would be different but the game would be the same.
@kseriousr
@kseriousr 2 роки тому
@Tobi Inflation is good when regulated. Without gentle inflation, economy and money flow stagnates. Wealth hording isn't good for you. There's a reason gold standards had to go away. Maybe look into the topic.
@carsonallaby7798
@carsonallaby7798 2 роки тому
So true!
@justinliu6068
@justinliu6068 2 роки тому
17:30 block creators 17:51 block reward 18:29 mining 19:10 decentralized consensus
@ultimatechad8738
@ultimatechad8738 Рік тому
Danke
@zuccca
@zuccca Рік тому
Literally the best explanation I have ever seen on this subject. Thank you 3B1B.
@Bayesic
@Bayesic 2 роки тому
So first of all, love the vid Just wanted to say from a purely meta kind of standpoint, I really love how this video is put together. Not even just the editing / graphics and what not, but just the way you tell the story. I'm constantly asking questions in my mind and it's like within the next minute or two you provide an answer. I'm definitely studying a lot of your videos to learn how to improve my own content because you do a masterful job at keeping your audience engaged. Fantastic work
@itzwindows
@itzwindows Рік тому
The person above me is a simp
@HR-qy3gf
@HR-qy3gf 3 роки тому
This is the clearest video I’ve ever seen, and I still don’t get it.
@jackfrederiksen7979
@jackfrederiksen7979 3 роки тому
Exactly.
@ganondorfchampin
@ganondorfchampin 3 роки тому
I think the first thing to get down is the notion of decentralized ledgers. An understanding of where the actual bitcoins are in the whole process is vital to understanding what is going on. Everything else is just applying cryptography to deal with the various security problems that these decentralized ledgers would otherwise have.
@iliketurtles2993
@iliketurtles2993 3 роки тому
Acctually tho wtf
@yoelhaile1683
@yoelhaile1683 3 роки тому
loki
@LTCAproductions
@LTCAproductions 3 роки тому
Most explanations I’ve heard are the same regurgitation of simple analogies with a twist of their own life story but what I want to know is the nuts and bolts of the whole operation. That’s what has been annoying
@6s6
@6s6 3 роки тому
Heisenberg, Schrodinger and Ohm are in a car They get pulled over. Heisenberg is driving and the cop asks him "Do you know how fast you were going?" "No, but I know exactly where I am" Heisenberg replies. The cop says "You were doing 55 in a 35." Heisenberg throws up his hands and shouts "Great! Now I'm lost!" The cop thinks this is suspicious and orders him to pop open the trunk. He checks it out and says "Do you know you have a dead cat back here?" "We do now, asshole!" shouts Schrodinger. The cop moves to arrest them. Ohm resists.
@OsvaldoBayerista
@OsvaldoBayerista 3 роки тому
underrated
@valeriomomigliano37
@valeriomomigliano37 3 роки тому
Underrated
@johncavanaugh3960
@johncavanaugh3960 3 роки тому
Upvoted because it was written by a human.
@ekxo1126
@ekxo1126 3 роки тому
No one was expecting this comment, everybody liked it
@tetesperm
@tetesperm 3 роки тому
someone explain
@cristinadavies1318
@cristinadavies1318 2 роки тому
In 2019, people have realized there isn't going to be one crypto to rule them all. You're seeing vertical solutions where XRP is focused on payment problems, Ethereum is focused on smart contracts, and increasingly, bitcoin is a store of value. Those aren't competitive. In fact, I want bitcoin and Ethereum to be successful.
@joelbuzzard623
@joelbuzzard623 2 роки тому
Another thing- people began to realise that bitcoin wasn't rising in relationship with the US Dollar; in fact USD is CASCADING downwards with respect to cryptocurrency!
@harshchikorde9495
@harshchikorde9495 6 років тому
please make a video on transforms (laplace ,fourier,z- transforms) as these will help many engineering students.Many people take it for granted very little is known about its physical meaning,there are subjects in engineering based on transforms like signals and systems, signal processing, control theory your vedios will surely make a difference in understanding these subjects.
@VikasVJois
@VikasVJois 6 років тому
Harsh Shankar +1 to that
@itr00ow93
@itr00ow93 6 років тому
Harsh Shankar yes laplace!
@gian3458
@gian3458 6 років тому
+
@theoptimist3246
@theoptimist3246 6 років тому
Yes pls
@pumpkinman681
@pumpkinman681 6 років тому
I need this
@billkidney2364
@billkidney2364 3 роки тому
I like that Alice, Bob, and Charlies pk's were 01000001, 01000010, and 01000011, which are just A, B, and C in ASCII. Cute.
@blujay2084
@blujay2084 3 роки тому
Nice catch.
@rensbos4176
@rensbos4176 3 роки тому
Wow how can you be such a computer nerd (i mean as a compliment)
@en7998
@en7998 3 роки тому
Nice! Did a lot of work with ascii recently but didnt catch it
@MonkOrMan
@MonkOrMan 3 роки тому
I knew there'd be something like that
@eboubaker3722
@eboubaker3722 3 роки тому
@@en7998 they all have the same start of 010000 you just remember the last digits
@dhoomketu731
@dhoomketu731 Рік тому
It's an extremely information dense lecture. You have to watch portions of it again and again to grasp the underlying concepts. But once you've finished it, you feel so damn confident.
@brands2131
@brands2131 Рік тому
Yet this 26min video only scratches the surface. To actually understand the data structure of a transaction, and a block, to understand the stack based scripting language of Bitcoin, and so on, goes way beyond this video.
@mal6120
@mal6120 Рік тому
this was awesome! I was having trouble on understanding the nodes vs. miners as well as the random number / difficulty adjustment but this totally cleared it up!
@jflight7013
@jflight7013 3 роки тому
After watching this video, I have finally realized how dumb I really am.
@svenm7264
@svenm7264 3 роки тому
Well the beginning of Socrates' wisdom was realizing the extent of his own ignorance. It's the unpleasant first step.
@jflight7013
@jflight7013 3 роки тому
I'm not sure what sorcery has to do with this.
@svenm7264
@svenm7264 3 роки тому
@@jflight7013 Socrates is an ancient Greek philosopher.
@jflight7013
@jflight7013 3 роки тому
@@svenm7264, oh sorry, I though you meant sorcery. I didn't know soccer and philosophy had any relationship, but I do know that what was shown in that video was way over my head.
@allysonand
@allysonand 3 роки тому
@@svenm7264 big difference between ignorance and intelligence
@dimethyltryptamine8233
@dimethyltryptamine8233 3 роки тому
I cant wait for the english version of this video bro looks really good.
@endrs2568
@endrs2568 3 роки тому
😂😂😂
@christianifashe3591
@christianifashe3591 3 роки тому
🤣🤣🤣
@notsojharedtroll23
@notsojharedtroll23 3 роки тому
☠☠☠
@shaunrobbins5902
@shaunrobbins5902 3 роки тому
Too much drugs bro
@TheNibiru720
@TheNibiru720 3 роки тому
I missed the joke?
@dantraficonte8752
@dantraficonte8752 2 роки тому
Wow. This was incredibly well illustrated and well done
@codesymphony
@codesymphony 2 роки тому
"alice sent bob $10? ok let me just run my 1000 rtx 3080s for 10 hours to verify.. yep you're good"
@theopantamis9184
@theopantamis9184 2 роки тому
You can verify the transaction with a RPi, mining is only needed if you want to create blocks, anyone can check if his transaction is in a block or not.
@deoTS1
@deoTS1 2 роки тому
@@theopantamis9184 i know, right? even with incredibly helpful explanations like this video, many people won't move past memes and gut feelings into a deeper understanding.
@vishank7
@vishank7 2 роки тому
@@theopantamis9184 I haven't yet understood the video fully so this might be a dumb question: If there are multiple miners trying to put together a block and only one guy is successful in making one (by reaching the right amount of zeros in the hash), doesn't the work performed by all other miners go to waste?
@EebstertheGreat
@EebstertheGreat 2 роки тому
@@vishank7 All of the work is "wasted" in the sense that it doesn't actually do anything useful. Its only purpose is to make it cost time and money to make a new block. As more people start mining, each block requires more effort to mine and gives less reward. It is a lot like gold mining in that way. If you are mining gold, all the digging you do that doesn't lead to finding any new gold is wasted. But usually there is no way to find gold without wasting a lot of time on misses. The more people mine, the deeper you have to go to find new gold, and the less you usually find. The difference between bitcoin mining and gold mining is that gold has some real utility outside of its value as currency, while bitcoins have no other utility. However, most gold ends up locked away in vaults anyway, so I think it's a reasonably good analogy.
@mikemian
@mikemian 2 роки тому
To verify requires almost no work, that is to read the block chain to find the transaction. Work is required to validate the transaction, that is to write it to the blockchain. A transaction will typically be written to the blockchain with thousands of others.
@MrBauchnabbel
@MrBauchnabbel 5 років тому
"To call it astronomicly large would be giving way too much credit to astonomy." My new favourite quote :)
@neelamverma8167
@neelamverma8167 4 роки тому
No u
@blackcat5771
@blackcat5771 4 роки тому
@@neelamverma8167 You ruined everything.
@SheenylHassan
@SheenylHassan 4 роки тому
Has potential to be a good insult...
@jaw0449
@jaw0449 4 роки тому
As a trained astronomer, I found this hilarious
@Nylspider
@Nylspider 4 роки тому
Make this ur status on AoPS.com
@Hynasek
@Hynasek Рік тому
5 years later and I still comeback to this Blockchain explanation to check if my understanding, love it
@PyroFlameofzwe
@PyroFlameofzwe 2 роки тому
This is the kind of video about blockchain I wanted to watch. Not too confusing for beginners but with a certain level of complexity for already tech familiar audiences. Thank you so much for the video.
@Dontlikenaimepas
@Dontlikenaimepas 2 роки тому
Totally !
@dr.ervingalen1777
@dr.ervingalen1777 2 роки тому
i have no luck investing, is so frustrating
@stvjjgcj
@stvjjgcj 2 роки тому
Even for non math people
@QuestionEverythingButWHY
@QuestionEverythingButWHY 3 роки тому
“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.” ― Mark Twain
@segmentsAndCurves
@segmentsAndCurves 3 роки тому
Oh, didn't see you for a while.
@joeybordeaux7718
@joeybordeaux7718 3 роки тому
Very true!! Its been quite a while?
@annabellewood8887
@annabellewood8887 3 роки тому
cryptocurrency is the future, Investing in it now will be the wisest thing to do especially with the current rise!!!
@segmentsAndCurves
@segmentsAndCurves 3 роки тому
@@annabellewood8887 Still too soon to say anything.
@georgepatel9942
@georgepatel9942 3 роки тому
@@annabellewood8887 yeah its really profitable!!!
@EdGeFaLL
@EdGeFaLL 2 роки тому
This video is so good that I have come back to it several times over the years and have shared it directly with over 5 people I know. The value of high-quality education such as this is infinite. Thank you for this amazing contribution!
@matija92
@matija92 2 роки тому
Agreed!
@greentoolsnyc3985
@greentoolsnyc3985 2 роки тому
over five people 🤔 6?
@adarozer
@adarozer 2 роки тому
@@greentoolsnyc3985 7 ?
@jashshah1033
@jashshah1033 2 роки тому
@@adarozer imma just make a wild guess... 8??
@greentoolsnyc3985
@greentoolsnyc3985 2 роки тому
5 1/2
@nemesisdefiance6199
@nemesisdefiance6199 Рік тому
I absolutely loved this video. I love how deep into the nitty gritty you go, no other explanation has gone that far that I've found and the fact that this video is 5 years old is astounding.
@izlebakalm860
@izlebakalm860 2 роки тому
*The future is now , you all need to start somewhere no matter how small*
@DerangedTechnologist
@DerangedTechnologist 2 роки тому
This is crisp, well organized, comprehensible. (You are also clear about the fact that it's not by any means a complete description.) Thank you!
@3blue1brown
@3blue1brown 6 років тому
Here's the supplemental video about understanding just how big 2^256 is: ukposts.info/have/v-deo/i2l7e6N4bJWmz40.html The basic idea is to get a feel for what 2^32 (about 4 billion) multiplied by itself 8 times feels like, building up to a comically absurd computer that would be needed to break 256-bit security.
@TylerMatthewHarris
@TylerMatthewHarris 6 років тому
Do you use bitcoin?
@jonathanschossig1276
@jonathanschossig1276 6 років тому
3Blue1Brown Can you link the supplement video?
@DasEtwas
@DasEtwas 6 років тому
do computers even support 265 bits?
@andorexurix2491
@andorexurix2491 6 років тому
Though for a quantum computer 2^256 is next to nothing.
@PeterNjeim
@PeterNjeim 6 років тому
Bugsy Archimedes, I know up to... well just search up "Sbiis Saibian Large Number Site" or "Pointless Large Number Stuff" and be AMAZED on how big numbers have been named up to, like it's REALLY big!!!
@rajneshthakur3697
@rajneshthakur3697 2 роки тому
After studying blockchain tutorials, Merkle tree, symmetric and asymmetric keys concepts, I finally found this video which put all the pieces of my learning together in one thread and make me understandable complete picture of block chain workflow.
@duytrinh3367
@duytrinh3367 2 роки тому
4 years later and this is still the only video I need when looking for explanation for the protocol behind Bitcoin…
@sososong3438
@sososong3438 2 роки тому
ur memory cut in half every 4 years 22:50
@vineetasingh145
@vineetasingh145 2 роки тому
@@sososong3438 mine got cut half just after watching this video 🙂
@baltakatei
@baltakatei 2 роки тому
Because Bitcoin is very slow to change. ☺️
@TasteMyStinkholeAndLikeIt
@TasteMyStinkholeAndLikeIt 2 роки тому
Shytcoin is constantly being hacked and ripped off for hundreds of millions of dollars... absolutely useless stupid trash idea adopted by the dumbest people on errrf
@peterchua7972
@peterchua7972 2 роки тому
the
@Intrafacial86
@Intrafacial86 2 роки тому
Holy balls the lengths these scammers go to are insane! They have full-on conversations under a single comment just to make it seem like the scam they’re talking about is a legit business opportunity XD
@dylnjshua4256
@dylnjshua4256 2 роки тому
I invest with Ms. Fisher
@dylnjshua4256
@dylnjshua4256 2 роки тому
Oh I heard about Ms. Fisher
@dylnjshua4256
@dylnjshua4256 2 роки тому
Yes she made me a lot of money
@dylnjshua4256
@dylnjshua4256 2 роки тому
How can I contact her?
@bowmin1
@bowmin1 2 роки тому
The worst bit is how most are too lazy to set the bots up so they change their profile pictures, so you have a bunch of default picture UKposts users talking to each other. I think even worst than that, is that they DO change the profile pictures of the bots, but they are all really high quality portraits of middle class business people smiling. I've once come across a comment chain that had two bots with the same profile picture of the same man, but under different names.
@bennemann
@bennemann 6 років тому
The amount of thought and work that went into making this topic as easy to understand as possible (which I believe you succeeded in doing) is awe-inspiring. I don't even need to look at other videos of your channel to be confident in subscribing to you. Looking forward to more of your stuff!
@michaelc8022
@michaelc8022 2 роки тому
I have watched many, MANY, different videos on "what is Bitcoin." This video has been BY FAR the most helpful video. I tip my hat to you my friend, and a job well done.
@shmendusel
@shmendusel 2 роки тому
Sorry to hijack this comment to ask my question, but I'm still kind of confused. Who's giving out the public and private keys? And how does a miner join the network? Like if I wanted to start mining do I need a friend in the network who can connect me? Or is there some bitcoin authority giving out keys and adding them to the network, so they know who to ping if they win the lottery, and so others know the ping them if they've won?
@vishnuvarma8019
@vishnuvarma8019 Рік тому
Your truly, truly understand bitcoin and the systems in place now to explain this so well and to draw distinctions. Love your work!
@CaravaggioRoma
@CaravaggioRoma 4 роки тому
You have a natural gift for breaking down complex topics into elementary concepts and rearrange them to make it easy for the ordinary educated person to understand. The graphics is awesome.
@hookbeak3516
@hookbeak3516 3 роки тому
I'm old school I spent five minutes shy of two hours writing notes & drawing some of the diagrams to try my best to understand, I'm a home schooled researcher & I'm certainly not academic enough to say I'm a economist. The trust is to place your money & patiently wait - the excitement is watching that initial fee grow. I've never done this before.
@MiladP
@MiladP 6 років тому
I like it how you go into the details and don't care how long your videos become. Thanks for not sacrificing details for more short-term viewers.
@davidlevesque762
@davidlevesque762 Рік тому
This was well thought out and paced. Very helpful and clear. Thanks.
@Chaycetownson
@Chaycetownson 2 роки тому
*I have always had a deep interest in this and would really love to start from somewhere anywhere actually , I believe this is what our future is all about*
@Chaycetownson
@Chaycetownson 2 роки тому
Using *Virtual crypto mines*
@kortezhopkins5107
@kortezhopkins5107 2 роки тому
@@Chaycetownson Wow! Amazing 👉Virtualcryptomines৹com👈 full of greatness.thank you.I will reference its many times over I’m sure no one come close to you with all you’ve been doing since we meet, surely coming back for more my life have turn around now.
@jujuzinser321
@jujuzinser321 2 роки тому
jesus christ stop with these comments
@christloen4077
@christloen4077 2 роки тому
Stop
@pancakeplateau3953
@pancakeplateau3953 3 роки тому
Okay so it's my 5th time watching this video. Let's hope I understand it this time.
@jmaphillips2538
@jmaphillips2538 3 роки тому
Good for you, keep trying 👏
@TambouraBaptiste
@TambouraBaptiste 3 роки тому
I'm watching it now for the first time. Wish me luck. 🙂
@serenasmith5946
@serenasmith5946 3 роки тому
Lol don’t feel bad I’m trying to learn in slow motion😃😃😃😃😃
@frutt5k
@frutt5k 3 роки тому
What it boils down to is: if you create a new currency you win. All newcomers loose. A ponzi scheme (aka pyramid game).
@StraveTube
@StraveTube 3 роки тому
Please report back when it makes sense.
@ryanadams3305
@ryanadams3305 2 роки тому
I find the dislikes very interesting. Its like leaving a bad review on an encyclopedia. I don't see any disputes related to the content. Thank you for the true explanation of blockchain. This was undoubtedly a huge effort to research, compile and present. You have earned my sub.
@divyangmathur
@divyangmathur 2 роки тому
It's the competitors .. people making similar content or a video on the same topic
@ryanadams3305
@ryanadams3305 2 роки тому
@@divyangmathur haters gonna hate
@fezkhanna6900
@fezkhanna6900 2 роки тому
I didn't dislike the video; although I will say as a coder I prefer looking at the SHA256 algorithm, or simply importing it into python environment and playing around with it there. I think this video is complex, despite the calming voice and enjoyable animations; I also think a more lucid imagery of bitcoin can be conveyed by explaining the actual code behind bitcoin.
@zt3853
@zt3853 2 роки тому
@@divyangmathur which is foolish, since the algorithm relies on engagement, disliking still shows that you were engaged with the video, thus boosting it in the algorithm
@MsEgwene
@MsEgwene 2 роки тому
@@fezkhanna6900 You're probably not the intended audience for the videos then, as this is a quite typical 3b1b video. I very much enjoyed it, thanks for reminding me to give it a like :)
@andrewwhitaker2238
@andrewwhitaker2238 2 роки тому
I’m not smart
@AhmadSyarif92
@AhmadSyarif92 2 роки тому
fascinating video as always, I rewatch this second time and still find it very useful to remind me again. did you use only the manim library to create all the animation
@kolos4650
@kolos4650 6 років тому
I mean, that is an instant subscription from me. I've seen only one video, But I can already tell that author really does his research, knows his subject. Animation is minimalistic yet informative, filled with fun with easy to understand examples. Narration is smooth and friendly. Overall, that's what makes a great educational channel on UKposts. Very well done sir, I am sure You're gonna hit 1m sub till the end of this year!
@FernandoRodriguez-ge2tg
@FernandoRodriguez-ge2tg 6 років тому
Kolos he didn’t hit one million but all of that is true.
@pablososalizama8061
@pablososalizama8061 6 років тому
Hope this channel reaches that amount of subscribes. Even if not, it is definitely amazing in content and form, and shows in a very clear way how "real" math works (which, as we"ve seen here, has many technological applications).
@kaanylmaz4080
@kaanylmaz4080 3 роки тому
it is almost 3m now
@user-rv5qf1ud6j
@user-rv5qf1ud6j 3 роки тому
3.04M now
@kysonluka4426
@kysonluka4426 3 роки тому
reach her on teIegram
@Vitrunis
@Vitrunis 3 роки тому
Wow that's great. I was like "meh, 25 minutes, that will be a long explanation, I'll try to hang on...", and at the end "already finished???"
@Ceciliamontgomery141
@Ceciliamontgomery141 2 роки тому
Every new day, Bitcoin gains support and patronage of more and more politicians, billionaires, finance institutions and institutional investors. Could even surpass the 60k June 2022 forecast.
@Mcdd7-_-
@Mcdd7-_- 2 роки тому
Very true. Just recently Fidelity said they have been accumulating bitcoin since 2014, then again, it was announced that the SEC will likely heed to calls for BTC approval come 2023. This shows that whales and smart funds are buying bitcoin quietly, but they won't let the public know. It's such a pity that people are worried about btc not reaching a particular price at a given period instead of securing their place in the future with btc.
@claradidi7573
@claradidi7573 2 роки тому
@@Mcdd7-_-How can someone who is just starting out navigate the crypto space? I don't have the heart to see the bulk of my portfolio go from green to red
@Jme---
@Jme--- 2 роки тому
@@claradidi7573If you are a beginner, then you definitely need some guide and tips from an experienced investor or a professional. That’s the most ideal way to launch into the market these days.
@instinctively_awesome8283
@instinctively_awesome8283 2 роки тому
digital currency is the future of finance, anybody still in doubt of that isn't in touch of reality.
@muniverse1
@muniverse1 2 роки тому
Such a beautiful Chanel, I appreciate for all this pure, precise and precious information that you put together, I am really fascinated with level of your mathematics knowledge and how you simply and understandibly illustrate it, I used your video to learn about vectors, it was wonderfully explained/tought, I am big fan of you, thank you.
@JamesWilliam-nv2pg
@JamesWilliam-nv2pg 2 роки тому
Nice video, but How do we get paid?
@murraydickson6336
@murraydickson6336 2 роки тому
Through what kind of job?
@murraydickson6336
@murraydickson6336 2 роки тому
Is it Online Investment?
@JamesWilliam-nv2pg
@JamesWilliam-nv2pg 2 роки тому
@@murraydickson6336 Yes, online Investment
@murraydickson6336
@murraydickson6336 2 роки тому
I get paid directly to my account
@JamesWilliam-nv2pg
@JamesWilliam-nv2pg 2 роки тому
@@murraydickson6336 how please
@mpicewe3023
@mpicewe3023 2 роки тому
By far the best animation and explanation I have ever seen on the ledger/block chain. Thanks!
@williamclearydenies8605
@williamclearydenies8605 2 роки тому
If you really want 👆👆👆👆👆👆to meet up with good profit in Crypto trading 👆 👆👆👆👆
@marekp6858
@marekp6858 2 роки тому
I love how you subtly touched P vs. NP in the process:)
@bobbygunz9254
@bobbygunz9254 2 роки тому
48k reclaim will put bitcoin in a very good position moving forward. The range from 38k-48k seems plausible!
@viviangall1786
@viviangall1786 2 роки тому
@claradidi7573
@claradidi7573 2 роки тому
@chris-pj7rk
@chris-pj7rk 2 роки тому
@claradidi7573
@claradidi7573 2 роки тому
@@chris-pj7rk
@Going2Frys
@Going2Frys 3 роки тому
Alice is the one buying all your GTX 30X cards.
@zawardo111
@zawardo111 3 роки тому
😂
@B15HOP
@B15HOP 3 роки тому
I'm surprised Visa is compared to Bitcoin. It makes me believe Alice is only part of the problem. That the real problem is the Enron-esq, pyramid scheme run elsewhere. Ultimately just shifting the problem rather than resolving it.
@TestarossaF110
@TestarossaF110 3 роки тому
All of that just because of Bob, trying to scam Alice into paying him a 100$... :(
@AjoiGibbons
@AjoiGibbons 3 роки тому
😂😂😂
@vanilla8353
@vanilla8353 3 роки тому
You mean RTX
@wow5212
@wow5212 3 роки тому
It blows my mind how people were able to come up with this.
@Sophias
@Sophias 3 роки тому
I'm just amazed... satoshi was such a genius. And more amazing is the fact that he/she/they didn't take any credit for this and left it up to the people to decide. Did he predict the value of bitcoin???
@wow5212
@wow5212 3 роки тому
@@Sophias I think he believed the potential of the bitcoin and the blockchain technology (well he pretty much invented it) and he mined bitcoin when it was at its initial stage gathering tons of them. Some sources suggest he owns the most BTC eventhough no one knows how much he has.
@vidblogger12
@vidblogger12 3 роки тому
As someone who is majoring in Computer Science and is planning to go into cybersecurity, the thing about this field that keeps blowing my mind is just how much work has gone into it. There’s so much that’s been built, so much that’s been done, so much to do. This field is VAST, there’s just so much stuff in computer science! Some of it is popular, some of it is revolutionary, some of it is both, most of it is neither. This creation of cryptocurrency was built off of the work of many people over a long period of time, and the explosion of various cryptocurrencies built off of that. Everything builds on everything else, and it just. never. stops. So much stuff is still being made, and it’s basically impossible to keep up with it all.
@electronresonator8882
@electronresonator8882 3 роки тому
@@Sophias that Satoshi trying to challenge currencies which runs by the enormous and well established banking system from tiny corner of a forum in internet, at least you know why satoshi disappear when this blows up, I doubt satoshi wants this much fame when satoshi code the program
@artisit999
@artisit999 3 роки тому
@@wow5212 no one knows Satoshi, so they don’t know Satoshi’s gender(s), so why assume it’s a man? Patriarchy is one hell of a drug, but please say no.
@harrietpullen6591
@harrietpullen6591 2 роки тому
*As a computer programmer for the last 10 years, i'm certain that we'll look back at Ethereum as the start of something truly revolutionary. The blockchain and decentralized applications are only beginning to be recognized for the benefits they offer.*
@harrietpullen6591
@harrietpullen6591 2 роки тому
*Virtual crypto mines*
@MikeChristian-wz8vc
@MikeChristian-wz8vc 2 роки тому
Extremely point by point video Well I will also say this here, Most people don't understand the concept of "buying the dip" buying the dip is all about buying digital assets when their prices are down and selling off when the price rises. Holding is great, although trading is far more profitable. I was able to grasp the knowledge of trading crypt0 assets early enough, but I was still limited due to my lack of technical understanding of how to analyze the digital market, all that changed when I encountered *VirtualCryptoMines🟡COM* , I must confess it was easier to understand with the assistance of Andy that has made me over good ᴄoin.
@kortezhopkins5107
@kortezhopkins5107 2 роки тому
@@harrietpullen6591 Wow! Amazing 👉Virtualcryptomines৹com👈 full of greatness.thank you.I will reference its many times over I’m sure no one come close to you with all you’ve been doing since we meet, surely coming back for more my life have turn around now.
@nebulak6198
@nebulak6198 2 роки тому
I’m having the same POV as you on that point, so I decided to launch myself in an engineering school to study blockchain and crypto, that stuff is the future IMO
@user-is9yv2gl3n
@user-is9yv2gl3n 2 роки тому
How is it different from Bitcoin?
@henrygreen2096
@henrygreen2096 Рік тому
10:00 "The history of transactions is the currency" interesting Edit: 17:30 I love how I now know what a block chain is, and it wasn't as mind blowing as people on the internet made it seem. And I'm pretty sure blockchains are done in introductory coding courses. (Though not as complex). Edit 2: 18:25 so THAT'S why mining is profitable. I get it now. That circles back to the claim made ~10 mins in. Edit 3: 21:15 So, bitcoin 'authority', in essence, is computing power, and bitcoin 'identity' is the a blockchain made by the original owner? Great video. As you can see I am still shaky on complete understanding, BUT this was the only useful explaination of Bitcoin and crypto I've seen so far (for me). So I am greatful. and maybe this will lead me to understanding others.
@sebastianrenemorales1103
@sebastianrenemorales1103 6 років тому
3Blue1Brown Your videos are incredible, I love them, the truth is you are the best
@arneoduca2915
@arneoduca2915 6 років тому
Sebastian Rene Morales just had an add of cryptocurrency mining
@itsiwhatitsi
@itsiwhatitsi 6 років тому
One of the best channel on YT
@purushottamrawat5186
@purushottamrawat5186 2 роки тому
Your ability to teach the complex and confusing things in simple and visualisation form is god level🔥🔥
@borisvadim1488
@borisvadim1488 2 роки тому
Do get in touch
@broccoloodle
@broccoloodle Рік тому
Thank you for the exciting video. The idea about probabilistic consensus based on waiting for the chain to grow before accepting a block is brilliant.
@WilliametcCook
@WilliametcCook 6 років тому
When you know all of the channel names he shows at 13:01 except for Welch Labs
@3blue1brown
@3blue1brown 6 років тому
You should check it out! Stephen Welch does some really great work.
@alexsere3061
@alexsere3061 6 років тому
William1234567890123 Cook welch Labs is amazing
@alexsere3061
@alexsere3061 6 років тому
Ralf Schmelcher yeah, also I recomend bingewatching his finnished serieses, he uses some annoying cliffhangers from time to time
@luizmeier
@luizmeier 6 років тому
The Math Illuminati.
@JM-us3fr
@JM-us3fr 6 років тому
It's nice to be a math nerd
@treyhibbard
@treyhibbard 3 роки тому
I like how the pi symbol can just raise the tail end and we perceive that as frustration
@matthewryan4844
@matthewryan4844 3 роки тому
12:14 so many different expressions
@whatsapp-me4049
@whatsapp-me4049 3 роки тому
Bitcoin is the future of crypto and questions traders ask themselves now is if this is the right time to invest? Before jumping to a conclusion I think you should take a look at things first. For the past few days, the price of BTC has been fluctuating which means the market is currently unstable and you can't tell if it is going bearish or bullish. While others still continue to trade without fear of making a loss, Others are being patient. It all depends on the pattern with which you trade and also the source of your signals. I would say trading has been going smoothly for me after accumulating over 3.2 Bitcoin within a month, With the trading strategy given to me by Expert Liza forbes. She method are top notch and profitable. You can reach her on via WhatsApp messenger + 1 9 1 7 3 9 6 3 9 6 6 ......
@hadeyveronica8452
@hadeyveronica8452 3 роки тому
It is great pleasure to meet *bandyhacks* on *WhatsApp* on *937-504-0735* I got free BTC from him weekly👊
@laukikragji7951
@laukikragji7951 2 роки тому
Another master piece work, thanks for simplifying things such easy to understand way, request you to do more video on alternates to proof of work..
@popsarah7805
@popsarah7805 2 роки тому
Most people venture into crypto currency to be a millionaire meanwhile I just want to be debt Free
@madiezancanellatl9205
@madiezancanellatl9205 2 роки тому
Making money is easier buy assets and invest
@kelvinpeter8640
@kelvinpeter8640 2 роки тому
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings, what do you think I should be buying?
@kelvinpeter8640
@kelvinpeter8640 2 роки тому
@Anderson Sarah I'm new to this crypto investment, any specific guide?
@kelvinpeter8640
@kelvinpeter8640 2 роки тому
Thank you for sharing 👍, I will write her immediately
@lukeben1596
@lukeben1596 2 роки тому
@Ben Kent same here, I wish I knew about this bitcoin trading earlier brace up and get yourself some bitcoin
@financegrowthjourney9002
@financegrowthjourney9002 3 роки тому
This video is about to start getting a lot of views.
@sahilvedpathak9046
@sahilvedpathak9046 3 роки тому
Bcoz of dogecoin?
@ActiveDodger
@ActiveDodger 3 роки тому
Dogecoin commentary via a certain tech reviewer brought me here even though he is emphatically NOT a financial adviser 😂
@divakarvetri2232
@divakarvetri2232 3 роки тому
@@ActiveDodger marquee??😂😂😂
@sahilvedpathak9046
@sahilvedpathak9046 3 роки тому
@@ActiveDodger same lol, came after mkbhd video
@user-qi2dc6cw9c
@user-qi2dc6cw9c 3 роки тому
Why
@shikhanshu
@shikhanshu 6 років тому
this is the ONLY video in the entire world which actually describes what the heck is going on! hats off to your amazing work
@bhyvhggyvuhuh4371
@bhyvhggyvuhuh4371 3 роки тому
Stank
@dyrwtkhiehomie7887
@dyrwtkhiehomie7887 Рік тому
Dude you might be one of the best to explain this! Explaining complex ideas in an understandable way is a skill few people have 👏
@coolio6584
@coolio6584 2 роки тому
GREAT VIDEO!! Before this I watched some videos about what it is and how cryptocurrency works. But they really couldn't describe how cryptocurrency works. They gave some vague analogies which I really couldn't understand well, Can't really blame them! They might know the thing from core but wouldn't tell it in the video so to make a short and interesting video that will attact and retain viewers. Then I found your video. Hesitated a bit noticing the video length but watched it anyway! I think Now I REALLY understand the very basics of what crytocurrency is how it works. I still have questions Though I know I very likely wouldn't find answers of those as youtubers are oversimplifying things. But anyway a REALLY GREAT video!! THANKS for doing this!!
@busyrand
@busyrand 6 років тому
Wow. This was special. I really enjoyed this detailed explanation and the accompanying video about the SHA hashes. Thank you for sharing.
@mu2k499
@mu2k499 6 років тому
busyrand i
@robintunley2286
@robintunley2286 2 роки тому
This is one of my favourite videos, I took so much away from it! Would you be open to doing a similar style of video on the Proof of Stake mechanism that Ethereum will be transitioning to? Keep up the beautiful work.
@PaleImperator
@PaleImperator Рік тому
Thank you for this piece - it cleared up many of the "But how do they know that..." kind of questions I have about this subject.
@vroxyy6139
@vroxyy6139 2 роки тому
Great explanation, I do have one question though. Why do miners need to look for an imput that gets an output with a certain amount of 0’s? What about 30+ 1’s…. Or isn’t any output number equally unique?
@OOO-ef1ps
@OOO-ef1ps 2 роки тому
I believe it'll be the same if certain amount of 1s have to be achieved. Starting 0's are just a universal way to find the proof-of-work. If instead an arbitrary string of bits is used/generated as "the password", there will need an additional mechanism to check the validity of the proof-of-work.
@jamesmatthew1903
@jamesmatthew1903 2 роки тому
The number of 0's is the mining difficulty. Less miners would mean a key with fewer 0's is required. That's how a rate of 1 block per 10 minutes is maintained regardless of mining pool size.
@mikefochtman7164
@mikefochtman7164 2 роки тому
The '30 zeros' I believe is just arbitrary. But all miners and users have to agree that a valid block will have SOMETHING that is easily checked. If everyone agrees that the first 30 bits must be '10101010.....' the system would still have worked. And I suppose all zeros is as simple as any other pattern. They mention that the actual number of zeros needed has changed over time as computational power of 'miners' has grown. So now it's more than that, designed to keep the average time to verify/hash a block to about 10 minutes.
@nole8923
@nole8923 6 років тому
This is the best explanation I have seen thus far. Am recommending this video to everyone who has asked me how it works.
@percales
@percales 6 років тому
Someone being clear, thank you.
@Giano89
@Giano89 6 років тому
You do understand that paper money has no intrinsic value exactely like bitcoins right? The only thing that makes paper money valuable is that people believe it has value. If people massively started agreeing that bitcoins have "the same value" as paper money, they EFFECTIVELY WOULD HAVE the same exact value. Are we there yet? Of course not. But that does not change the point.
@FlipTieYT
@FlipTieYT 6 років тому
Great explanation, thanks. Im sharing it to everyone right now.
@richrich9740
@richrich9740 6 років тому
so no1?
@reggiep75
@reggiep75 6 років тому
Chris Barnatt of Explaining Computers does a good layman filled explanation of blockchain which sneaks ahead of this video, as good as this video is, and I'm inclined to put his video first and this a close second as most gaps and question marks are covered with both videos.
@BangMaster96
@BangMaster96 3 роки тому
I am glad there are smarter people out there than me. If it was up to me, we'd all still be living in huts out in the jungles
@studentberry3131
@studentberry3131 3 роки тому
😂😂
@studentberry3131
@studentberry3131 3 роки тому
If it were up to me we'd be in tents in our bedrooms😂😂 like children
@rarefiedhermetic792
@rarefiedhermetic792 3 роки тому
It's not about ppl being smarter than you. It's who can understand the slight of hand better than others. Remember, currency is about what really doesn't exist. It's just an iou, basically.
@dominationstipps701
@dominationstipps701 3 роки тому
made my day btw: feeling the same
@QueArgh
@QueArgh 3 роки тому
That would probably be better
@OneOfTheManyJason
@OneOfTheManyJason Рік тому
A few questions that really confused me: 1. Why don't we remove the reward and have the transaction fee given to the miners only? 2. Seems that it is up to every miners to pick which transactions to be included to the block by themselves. In this case, how do the miners know which transactions are already included in the blockchain? 3. say person A & person B is trading via Bitcoin, do they wait for the transaction to be included into the blockchain before completing the trade? Thanks for you answering
@theopantamis9184
@theopantamis9184 Рік тому
1. It will be the case once the halving of rewards will bring it to zero in 2140 (because of floating arithmetic limitation). The idea behind block subsidy (the new coins introduced to pay the miner) is that it is the "fairest way" to inject the money in the system in a spam-resistant way while also increasing the reliability of the network while the transacted value is still low at the beginning. 2. Miners mine over the last block they know, meaning they include the hash of the last block they know in the block template they use each time they try to build a new valid block. That means they know all the transactions that were included in the block up to this last block they know. So they can include any others they know to produce a new longest valid branch of blocks 3. If they use "onchain" payment which is described here yes, B must wait several confirmation before giving to A what he/she paid for or she can perform the attack shown at the end. However, for fast trade we now use a protocol called Lightning Network for which no confirmation are needed.
@RWAquariumPages
@RWAquariumPages 2 роки тому
great and simple explanation of bitcoin and how it works, thanks for this! new subscriber and can't wait to watch more videos from your channel
@benjaminb.4043
@benjaminb.4043 6 років тому
This is legit one of the best educational videos I have ever watched. I am stunned as to how you can concisely summarise all the core parts of a cryptocurrency in under 30 minutes!
@AllInTest
@AllInTest 6 років тому
Peercoin 8$ price ?
@BatteryAcid1103
@BatteryAcid1103 6 років тому
Wow. I've been wanting to know how crypto-currencies work for a few years now. I've done a little research here and there, but nothing ever really clicked. Until this video. You explained everything in just enough detail for it to be easy to follow yet still very informative. Amazing video, 3b1b. Keep up the awesome work. :)
@szuperrosszarcu
@szuperrosszarcu 4 роки тому
@@somerealnews6312 I mean I'm a software engineer and still had to watch it twice to fully get it. Give it a couple of more tries if you're that interested.
@jamesschoi87
@jamesschoi87 2 роки тому
wayyyy better than any other crypto explanation video on youtube
@DINESHDD50
@DINESHDD50 2 роки тому
By far the best video on Block chain. Amazing work. Please keep your work going on.
@WillPeterson
@WillPeterson 3 роки тому
Can you make a video similar to this that explains how proof-of-stake works, or would work?
@OrangeXarot
@OrangeXarot 3 роки тому
@3blue 1brown warning this is a fake
@kasonporter9687
@kasonporter9687 2 роки тому
great video, nice content
@kysonluka4426
@kysonluka4426 2 роки тому
Can one actually trade alone depending on his self skill, tried to doing that but made a lot of loss...
@gloriajesse5431
@gloriajesse5431 2 роки тому
It's crystal clear why most people lavish in poverty due to ignorance...
@winbig5887
@winbig5887 2 роки тому
| need a ment0r.
@kasonporter9687
@kasonporter9687 2 роки тому
you can reach her, @investwithmagret on TeIegram
@alicemollet7181
@alicemollet7181 2 роки тому
On track I'm a living testimony of pr0f magret..,,
@MegaMMDL
@MegaMMDL 2 роки тому
Nice to have this explained so calm and clear. Thanks.
@80ismail20
@80ismail20 2 роки тому
I am pissed off at these UKpostsrs because they never talk about tech host farms and how they have impacted newbies and people who can't afford machines mining.
@billcampbell9988
@billcampbell9988 6 років тому
This was excellent; thank you.
@scottcampbell8368
@scottcampbell8368 6 років тому
This comment was excellent; thank you.
@pawananubhav12
@pawananubhav12 6 років тому
Charmander Charmander you are not alone, me too.
@AllInTest
@AllInTest 6 років тому
yep Excellent Peercoin start Rise up :D
@williamcollins7128
@williamcollins7128 3 роки тому
I'm new here how can I get more information about it
@rikkiegieler5638
@rikkiegieler5638 3 роки тому
CryptoBusy +William collins fyi, that is a scam. Don’t contact that number.
@dariusdalim8780
@dariusdalim8780 4 роки тому
You are a life changer. I am not exaggerating. Absolutely no one can explain complex seeming things simpler than you. You are doing a great service to humanity. Thank you
@teresatrosell9169
@teresatrosell9169 4 роки тому
24hrs hack service on IG, they helped to save my life from debt. Thank you hacksolvent
@realbignoob1886
@realbignoob1886 3 роки тому
Yes :D
@abhaygautam0
@abhaygautam0 2 роки тому
Thank you very much. I have been wanting to understand blockchain for a really long time. Your UKposts video was really helpful and fun to watch. You are really good at explaining the complicated stuff in a lucid way. You've got yourself a new subscriber. 😁
@bersanklcgdk1108
@bersanklcgdk1108 2 роки тому
*I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things , don’t get tempted*
@nickscurvy8635
@nickscurvy8635 2 роки тому
Get started what
@huibu8987
@huibu8987 2 роки тому
@@nickscurvy8635 hodling go stack some sats
@frostbittenwinds9703
@frostbittenwinds9703 4 роки тому
It must be so tough to break down such smart things to the level that us internet scrubs can understand
@samplebrandaccount7166
@samplebrandaccount7166 4 роки тому
i second that
@dimitardonev4507
@dimitardonev4507 4 роки тому
Actually, if he cannot break it down this way, it means he himself doesn't fully understand it. The ultimate test for proving you understand something completely is to be able to clearly communicate it to someone, intelligent enough to understand it and actually make them understand it. I think the guys, making these videos learn even more in the process of making them, than we learn watching them.
@Assickles
@Assickles 4 роки тому
@@dimitardonev4507 which is why OP said it is tough to do so. To get to that level of understanding about complicated matters that you can just dumb it down for others is very impressive
@DrR1pper
@DrR1pper 4 роки тому
It's easy if you're really smart, lol.
@frostbittenwinds9703
@frostbittenwinds9703 4 роки тому
@@DrR1pper shut up, non-internet scrub
@annabahador9858
@annabahador9858 3 роки тому
One amazing thing about cryptocurrency is that supporters see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable. I am so glad to have invested in crypto some years back.
@wilsonkrusk8652
@wilsonkrusk8652 3 роки тому
TRUE!!!
@greghughes6766
@greghughes6766 3 роки тому
For those who see cryptocurrencies such as bitcoin as the currency of the future, it should be noted that a currency needs stability.
@rebeccamoore8366
@rebeccamoore8366 3 роки тому
@@greghughes6766 Cryptocurrency is important and is not going away, or be limited to 100 years as others like you may speculate: transactions are fast, digital, secure and worldwide, which in essence allow the maintenance of records without risk of data being pirated. Fraud is, actually, minimized.
@greghughes6766
@greghughes6766 3 роки тому
@@rebeccamoore8366 Hmm, don't know about that. I would never invest in cryptocurrencies because I have seen no reason at all to trust an income I can neither see nor touch, it is very risky to. If I could get a good reason to change my mind, I think I could give it a trial.
@rebeccamoore8366
@rebeccamoore8366 3 роки тому
@@greghughes6766 Of course, cryptocurrency is risky just like any other investment with a potentially high return. However, there are clear benefits which might overwhelm you if you actually look into it thoroughly.
@davea136
@davea136 Рік тому
Top-notch explanation, very clear, I shall send this out rather than explain myself in future. I wish I had your gift for teaching. Thank you for your channel.
@investmentadvice1367
@investmentadvice1367 Рік тому
Totally agreed it by far the easiest to access and Doe's not involves physical labour
@benbengelee4374
@benbengelee4374 Рік тому
Share your personal success stories
@michaeljames248
@michaeljames248 Рік тому
No doubt but there are still good and trustworthy broker out there waiting for investors
@eyitemifrank1044
@eyitemifrank1044 Рік тому
@@michaeljames248 wow
@jihochoi_cs
@jihochoi_cs 6 років тому
This is honestly the best cryptocurrency explanation video that I've watched so far. :)
@DerMarkus1982
@DerMarkus1982 5 років тому
I totally agree. Never got the system and the nitty-gritty of cryptocurrency into my head - until now, watching that video. It's clear now, I even have bit of a sense of what "mining" really is...
@tooljockey2777
@tooljockey2777 6 років тому
Very helpful and simple video, keep it up.
@livinindubai
@livinindubai 2 роки тому
Thanks for uploading this! IIf you have a crypto/blockchain series I'm definitely in as a viewer
@xherreraoc
@xherreraoc 2 роки тому
This is by far the best video to understand what a crypto currency is. Concise terms elegantly explained, intuitive and, most importantly in this topic, objective. No "bitcoin goo because bitcoin to the moo" UKposts-1cent-economists misinformation.
@0815funkmaster
@0815funkmaster 3 роки тому
DANG...this still went straight over my head.
@johns7272
@johns7272 3 роки тому
i know what you mean! i wish i had a brain.....
@tankofdesigns6898
@tankofdesigns6898 3 роки тому
funniest sh!t ever LMAO
@kenm4768
@kenm4768 3 роки тому
View it again and again, you'll eventually get it.
@andrewb2475
@andrewb2475 3 роки тому
Love the comment buddy..................started to go over mine 4+minutes in
@childofgod1226
@childofgod1226 3 роки тому
Lol, Feel the same.
@kadeksatriadi7845
@kadeksatriadi7845 6 років тому
Thank you so much for the seeds of knowledge you planted in my brain
@wifiwoney
@wifiwoney 2 роки тому
This is the most educational video I’ve ever watched thank you so much for real🙏
@saya1_
@saya1_ Рік тому
Hello I have a question! Is the proof of work number computed from the list of transactions only or the list of transactions plus the header (which is the previous hash)?
@theopantamis9184
@theopantamis9184 Рік тому
The hash of a block is computed using the whole block. The previous hash is included in the header (which also contains other important data like a timestamp) on which the hash is computed.
@WelcomeTheDamned
@WelcomeTheDamned 6 років тому
You are by far the best explainer of things I have encountered in my life
@nikhileshkumar6729
@nikhileshkumar6729 2 роки тому
One of the best videos so far I have come across that explains the technicality. I just love it. Thank you for this wonderful video.
@nuccioalex9437
@nuccioalex9437 2 роки тому
Sir you join a professional company join.
@andreasrohrer
@andreasrohrer 2 роки тому
This is by far the best explanation of Bitcoin I have ever seen, many thanks.
Blockchain 101 - A Visual Demo
17:50
Anders Brownworth
Переглядів 2,4 млн
How Cryptocurrency ACTUALLY works.
13:54
Mrwhosetheboss
Переглядів 9 млн
🍕Спидран по Новостям #shorts
00:37
King jr
Переглядів 2 млн
Самый большой бутер в столовке! @krus-kos
00:42
Кушать Хочу
Переглядів 1 млн
This equation will change how you see the world (the logistic map)
18:39
Researchers thought this was a bug (Borwein integrals)
17:26
3Blue1Brown
Переглядів 3,2 млн
How to lie using visual proofs
18:49
3Blue1Brown
Переглядів 3 млн
Solving Wordle using information theory
30:38
3Blue1Brown
Переглядів 10 млн
What is Solana? SOL Explained with Animations
10:27
Whiteboard Crypto
Переглядів 1,5 млн
Blockchain: Massively Simplified | Richie Etwaru | TEDxMorristown
22:55
How secure is 256 bit security?
5:06
3Blue1Brown
Переглядів 3,1 млн
🍕Спидран по Новостям #shorts
00:37
King jr
Переглядів 2 млн