Blockchain is the underlying technology behind cryptocurrencies bringing together Merkle trees, Hashing & Distributed Architecture. Christopher Ellis explains.
Note1 – At 6:46 when Chris is drawing the Merkle Tree, C would actually be duplicated and hashed with itself not with B. So you would get H(C – C) instead of H(B – C).
Note2 – At minute 17, Christopher mentioned the mining reward halving at 21,000 bitcoins but meant 210,000 blocks.
Public Key Encryption: https://youtu.be/GSIDS_lvRv4
The Perfect Code: https://youtu.be/WPoQfKQlOjg
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This video was filmed and edited by Sean Riley.
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what I dont get is cant people just type out paragraphs or words and then figure out the hash to them? They have hashing online where you jus type something into it and it shows you the hash. I mean there the same every time right? I know one little difference changes the hash but what if you happen to type the exact same word or sentence ?
So distributed is not decentralized? Well explained video!
Mike Pound's younger brother Mike Penny
When smart people try to explain things its almost a challenge for them to think below their intelligence if that makes sense
Geez 6 coins for compensation. A coin is like 50k nowadays. Imagine if you were mining back then.
I was with you until nonce value then my mind wondered a bit
You know this will come to all know knowledge to "protects data" which dont need to be "protected" since we have manual libraries but I guess the main goal for these people" would be the "burning" of manual libraries eg. destroing manual data -I can see it in this future and I guess the main force would be poiticians and thier holy cow commersialism plus dictarorship and countries with where a careless peron takes power just because he can -much like a psyco
How do we know that there's only 21 million butcoins to be mined if the math hasn't be done yet by the miner?
I I’m not here to converse for Lisa but to testify what I’m sure about I I'm my husband earn $13000 this week.
What is BTC?
ANSWER: hash of hash of hash of hash …
This is the best block chain 101 video I've seen. Most often people explaining it don't sound like they understand what they're endeavoring to describe.
couldn't follow along from the block part 🙁
this guy looka like moe from the simpsons
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Just discovered this video, I'm based in the US and about ready to buy my first few bitcoins…I opened an acct on Coinbase but inly able to buy $1k per day from my checking acct, I do have more than $30k in my checking acct, can anyone recommend a SAFE, secured platform that offers customer support (Coinbase doesn't really do that) for Bitcoin investing/trading? Thanks!
He sounds like the Bitcoin cartoon guy :)))
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Nice description of proof-of-work.
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brilliant,thank you!
what's wrong with him?
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great, but those squeaky pens!