The Bitcoin Blockchain Explained
- December 26, 2023
- Posted by: MainInstructor
- Category: Blockchain Learning Tutorials
![*](https://i0.wp.com/allprowebdesigns.com/wp-content/uploads/2023/12/1703569239_maxresdefault.jpg?resize=840%2C430&ssl=1)
Video Title: The Bitcoin Blockchain Explained
Bitcoin is an online currency with a security system run by a massive network of total strangers trusting strangers with your digital information may sound silly but it’s actually a revolution in distributed computing it’s all based on the blockchain an open ledger that stores a history of financial transactions but blockchains can be
Adapted to store any kind of digital information imaginable which means that systems like bitcoin could be the future of all secure digital transactions old security models focus on locking people out bitcoin’s model focuses on letting everyone in it uses self-interest and greed to secure your bitcoins and amazingly this works
For the first time you don’t need trust to share or update your digital records to understand why and how you need to understand the bitcoin blockchain if you have bitcoins what you really have is a private key half of a digital signature that proves you own a particular bitcoin
The other half is a public key a record of the public key is stored in the blockchain individual blocks contain multiple transactions each of which refers to an earlier record in the chain when you want to purchase something with bitcoins you broadcast a request the request is received by all the
Computers on the bitcoin peer-to-peer network these computers and their owners are called miners miners scoop up the most recent requests into a block the miners run the new block and the previous blocks through a set of calculations called hash functions it’s a competition with all the miners racing to solve a
Complex cryptographic puzzle the more computing power you have the more likely you are to solve it first after solving a block the minor tacks it on to the end of the blockchain then they broadcast it to their peers who check the work and start using the new version of the blockchain
The first miner to solve a block is rewarded with some newly minted bitcoins but minting coins isn’t the only point of mining the puzzles are so complex that every new block makes the previous blocks and the whole blockchain more secure hacking the blockchain would require tremendous speed
In order to alter just one transaction an attacker would have to change the information in that block and in every block that comes after it all before the blockchain is updated with countless miners working on the chain simultaneously this would require massive amounts of computing power more than half of the
Power being committed to the bitcoin network at any given time the self-interest of the individual miners adds up creating a selfish self-protecting secure system personal allegiance is replaced with mathematical confidence the bitcoin blockchain is a public database that everyone can see anyone can add to and no one can destroy
-
Sale!
Wireless WIFI Repeater Extender Amplifier Booster 300Mbps
$29.99$14.99 Add to cartWireless WIFI Repeater Extender Amplifier Booster 300Mbps
Categories: Electronics, Wi-Fi Router, Wireless Wi-Fi Extender Tags: 300Mbps, 802.11N, Amplifier, Booster, Extender, mobile wi-fi booster, Remote, WIFI, Wireless, Wireless WIFI, Wireless WIFI Repeater, Wireless WIFI Repeater Extender, Wireless WIFI Repeater Extender Amplifier, Wireless WIFI Repeater Extender Amplifier Booster, Wireless WIFI Repeater Extender Amplifier Booster 300Mbps$29.99$14.99 -
Sale!
Full RGB Light Design Gaming Headset Headphones with Mic
$24.99$14.99 Add to cartFull RGB Light Design Gaming Headset Headphones with Mic
Categories: Electronics, Gaming, Gaming Headsets Tags: Design, Full, Full RGB Light Design Gaming Headset, Full RGB Light Design Gaming Headset Headphones, Full RGB Light Design Gaming Headset Headphones with Mic, Gamer, Gaming, Gaming Headset Headphones, gaming headset wireless, Headphone, Headphones, Headset, Light, Mic, Package, RGB$24.99$14.99 -
Sale!
Wireless BlueTooth Multi-Device Keyboard Mouse Combo
$39.99$19.99 Add to cartWireless BlueTooth Multi-Device Keyboard Mouse Combo
Categories: Electronics, Gaming, Gaming Keyboards, Keyboard Mouse Combos Tags: Combo, Keyboard, keyboard mouse combos, Mouse, MultiDevice, Set, WireKeyboard Mouse Combo, Wireless, Wireless BlueTooth Keyboard Mouse Combo, Wireless BlueTooth Keyboard Mouse Combos, Wireless BlueTooth Multi-Device Keyboard Mouse Combo, Wireless BlueTooth Multi-Device Keyboard Mouse Combos$39.99$19.99 -
Sale!
High Back Leather Executive Adjustable Swivel Gaming Chair with Headrest and Lumbar
$199.99$139.99 Add to cartHigh Back Leather Executive Adjustable Swivel Gaming Chair with Headrest and Lumbar
Categories: Gaming, Gaming Chairs Tags: Adjustable, Chair, computer chairs, Desk, Executive, Gaming, Girl, Headrest, High, High Back Leather Executive Adjustable Swivel Gaming Chair, High Back Leather Executive Adjustable Swivel Gaming Chair with Headrest, High Back Leather Executive Adjustable Swivel Gaming Chair with Headrest and Lumbar, High Back Leather Executive Adjustable Swivel Gaming Chairs, Leather, Lumbar, Office, Racing, Swivel$199.99$139.99 -
Sale!
Professional LED Light Wired Gaming Headphones with Noise Cancelling Microphone
$29.99$19.99 Select optionsProfessional LED Light Wired Gaming Headphones with Noise Cancelling Microphone
SKU: N/A Categories: Electronics, Gaming, Gaming Headsets Tags: Cancelling, Gaming, Gaming Headphones with Noise Cancelling Microphone, gaming headset, Headphones, Headset, LED, Light, Mic, Microphone, Noise, Professional, Professional LED Light Wired Gaming Headphones, Professional LED Light Wired Gaming Headphones with Noise Cancelling Microphone, Wired, Wired Gaming Headphones, Wired Gaming Headphones with Noise Cancelling Microphone$29.99$19.99 -
Sale!
Gaming Desk with LED Lights USB Power Outlets and Charging Ports
$349.99$249.99 Select optionsGaming Desk with LED Lights USB Power Outlets and Charging Ports
SKU: N/A Categories: Computer Desk, Gaming, Gaming Desk Tags: and Charging Ports, Charging, Desk, Desks, Gaming, gaming desk with led lights, Gaming Desks with LED Lights, Home, LED, Lights, Monitor, Office, Outlets, Port, Power, Room, Stand, USB, USB Power Outlets, White, Workstation$349.99$249.99 -
Sale!
Wired Mixed Backlit Anti-Ghosting Gaming Keyboard
$99.99$79.99 Add to cartWired Mixed Backlit Anti-Ghosting Gaming Keyboard
Categories: Electronics, Gaming, Gaming Keyboards Tags: Antighosting, Backlit, Blue, brown, Gaming, Gaming Keyboard, gaming keyboards, gaming keyboards and mouse, Keyboard, Laptop, Switch, Wired, Wired Mixed Backlit Anti-Ghosting Gaming Keyboard, Wired Mixed Backlit Anti-Ghosting Gaming Keyboards, Wired Mixed Backlit Gaming Keyboard$99.99$79.99 -
Sale!
Wireless Bluetooth 5.3 ANC Noise Cancellation Hi-Res Over the Ear Headphones Headset
$119.99$59.99 Add to cartWireless Bluetooth 5.3 ANC Noise Cancellation Hi-Res Over the Ear Headphones Headset
Categories: Electronics, Gaming, Gaming Headsets Tags: 5.3 ANC Noise Cancellation Hi-Res Over the Ear Headphones Headset, ANC, Audio, Bluetooth, Cancellation, Ear, Earphone, gaming headset, Headphones, Headset, Hi-Res Over the Ear Headphones Headset, HiRes, Noise, Wireless, Wireless Bluetooth 5.3 ANC Noise Cancellation Hi-Res Headphones, Wireless Bluetooth 5.3 ANC Noise Cancellation Hi-Res Over the Ear Headphones Headset, Wireless Bluetooth 5.3 ANC Noise Cancellation Hi-Res Over the Ear Headphones Headsets$119.99$59.99 -
Sale!
Wired Sports Gaming Headset Earbuds with Microphone
$19.99$9.99 Select optionsWired Sports Gaming Headset Earbuds with Microphone
SKU: N/A Categories: Gaming, Gaming Headsets Tags: Accessories, Earbud, Earphone, Earphones, Gaming, gaming headset with microphone, Headphones, Headset, IOS, Microphone, Sports, Wired, Wired Sports Gaming Headset Earbuds, Wired Sports Gaming Headset Earbuds with Microphone, Wired Sports Headset Earbuds$19.99$9.99 -
Sale!
150W Universal Multi USB Fast Charger 16 Port MAX Charging Station
$49.99$29.99 Add to cart150W Universal Multi USB Fast Charger 16 Port MAX Charging Station
Categories: Charging Stations, Electronics Tags: 150W, 150W Charging Station, 150W Universal Multi USB Charging Station, 150W Universal Multi USB Fast Charger 16 Port MAX Charging Station, 150W Universal Multi USB Fast Charger 16 Port MAX Charging Stations, 150W Universal Multi USB MAX Charging Station, 16 Port MAX Charging Station, 3.5A, Charger, Charging, Fast, laptop charging stations, Max, Multi, Port, Stand, Station, Universal, USB$49.99$29.99
Great video
this video help me understand the blockchain. ❤️
https://youtu.be/wTNL9_PAdoE
Making over 3.4 Btc is so satisfying. I mean it's time consuming, but that keeps me coming back. All thanks to Paulson Dmitriev.
The accuracy with which Mr. Paulson predicts the market is just astounding and i hope one day i can become like him but before then, i am sticking to trading with his signals
I was motivated to trade more with Paulson after my first profit with him, I can surely trust my investment plans with Mr. Paulson now…
I am currently growing my portfolio with Paulson trade signals because they are accurate and gives you consistent earnings
Paulson is very resourceful and helpful to me as well. I started trading a fairly small account and i got over 200% within one month. We need more traders like him in the space to guide the teeming population of crypto enthusiasts and traders out there
I never believed in crypto, forex and binary because of my previous experience. I had a friend talking about Paulson, i was so reluctant but at the end of it all i gave it a try, i started with about $1000 i got a $4500 the first week. I was like is this real? my experience with paulson has been so awesome.
Be a better trader today by trading with Mr Paulson's strategy. His awesome and accurate strategy works consistently. Watch yourself grow everyday trading with Mr Paulson's strategy. To be honest it is the most consistent and long serving strategy i ever came across with.
Excellent Cryptonaire course! I now have a core understanding of trading & investing in Cryptocurrencies. Thank you Mr Paulson. He explain it all so in depth, even for the advanced users. So no matter your experience there’s always something you can learn!
Great video and some nice tips! This is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your crypto. Wealth is created during bear markets, not bull markets. I buy and just trade long term more than ever, I have made over 7 btc from day trading with Paulson Dmitriev in few weeks this is one of the best medium to backup your assets incase it goes bearish, Stick with ETH/BTC/ADA/LUNA/SOL/LTC..
I don’t get this blockchain.
Im sure the creator of this video doesnt have a clue about where those "blockchain" exist. where is the code and how nodes (clients) are connected and communicate with each other. AKA the actual realistic schematic of blockchain instead of drawing cubes and call it this is blockchain. fucking idiots
Wonder technology.
Mrs Sandra is legit and her method works like magic I keep on earning every single week with her new strategy
I blessed the day I met Mikell538 on telegram you are my soul I owned, he did a very legit work for me I received my credit card from him and I got the balance I requested… I didn’t regret doing business with him it was a great experience with a good man like him I owned you more businesses
https://youtu.be/HyGaCoZKzbk
Where is the database kept?
Where is the blockchain?
How the user connects to the database?
How billions of blockchains match?
Block name, how to create a special link code for the block name ?
How many billion connection codes are there and where are they?
Such a database form and usage is absolutely impossible!
Come up with an unreasonable idea, confuse and deceive people!
Sell imaginary (virtual) thing for real money :)))
Mrs Williams is legit and her method works like magic I keep on earning every single week with her new strategy,…
l recommended a professional broker to you guys sometime ago, can I get person who invested with her
comment below
let's gooooo
I've been looking for a one Cryptocurrency exchanging platforms refers to some specific websites that allow selling, buying, or trading cryptocurrencies for digital and other traditional currencies like Euro and USD. The platforme in my opinion is definitely Broker24
All i saw was someone just needed to be an all seeing eye on there.smh. Red Flag. Lol
She lost me at 1:39 or so
Still the best tonytools01 on !nstâgrâm he got me legit private key for my 9.76 nonspendable btc…so amazing
Still the best tonytools01 on !nstâgrâm he got me legit private key for my 9.76 nonspendable btc…so amazing
what the fuck is this videos obsession with selfishness.
So where is the link to the blockchain database that we supposedly can all see?
I have tried so many fake people but SPANTOOLS1 on ¶¦Nstagram seems to be the best
Only SPANTOOLS1 on ¦¦Nstagram got me 23BTC
What if they go after the miners tho?