How Bitcoin Works in 5 Minutes (Technical)

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A short introduction to how Bitcoin Works.

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Written Version:

Less technical version:

Germain caption translation provided by adi331 : 19s6rqRfHa19w7wcgwtCumPs1vdLDj1VVo (thanks!!)


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30 comentários em “How Bitcoin Works in 5 Minutes (Technical)

  1. I think it's pretty bad for the economy. Generating money without productivity will cause inflation.

  2. Finally found the a video with the perfect degree of technicality for me to understand!! Thanks this was awesome!

  3. I think you need to know a basic accounting knowledge to understand this. I understood It for the first time. I thank you!

  4. It took years for me to understand I am now told Bitcoin is not a secure network it’s not a private coin which I thought it was

  5. At 1:40 you mention the primate key is used with transaction information to create a signature. My understanding of public/private key is you cipher data with the public key that is shared with anybody then you decipher with your private key.
    So how something cipher with a private key can be read with a public key?

  6. i count myself to be successful in bitcoin mining because of the intriguing strategy of my broker Mr bob Clinton

  7. Yeah, it makes it very clear that this is most likely a Wall Street /bankster backed plan to move us off fiat currency and into digital fiat currency. Thanks for taking the time.

  8. You're kidding me! Someone is supposed to understand this?! This is an example of why Bitcoin doesn't work, won't ever work.

  9. Actually one of the better descriptions I have read/watched. I think I almost understand it now!

  10. oh and pc players, these bitcoin miners are the reason that no decent gpus are available. So thanks miners who should get a real job

  11. I didn't feel like you explained the double spending prevention and how it translates to the block-chain. How does the "lottery" determine which transaction is legitimate? The way it's explained above implies that both transactions would enter the pool and whichever hash match occurs first gets added to the end of the chain. It obviously can't work this way. Thanks for the video! Lots of good information here.

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