Ever wonder how Bitcoin (and other cryptocurrencies) actually work?

in bitcoin •  7 years ago 

How the Bitcoin protocol works, from the viewpoint of stumbling into inventing your own cryptocurrency.

Protocol Labs: https://protocol.ai/
Interested in contributing? https://protocol.ai/join/

Special thanks to the following patrons: http://3b1b.co/btc-thanks

Some people have asked if this channel accepts donations in cryptocurrency form. As you might guess, the answer is yes :) Here are the relevant addresses:

ETH: 0x88Fd7a2e9e0E616a5610B8BE5d5090DC6Bd55c25
BTC: 1DV4dhXEVhGELmDnRppADyMcyZgGHnCNJ
LTC: LNPY2HEWv8igGckwKrYPbh9yD28XH3sm32

If you're looking for the supplemental video about understanding just how big 2^256 is, I'm planning to put it out tomorrow. 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. If you want to stay notified, feel free to subscribe: http://3b1b.co/subscribe

Music by Vincent Rubinetti: https://soundcloud.com/vincerubinetti...

Here are a few other resources I'd recommend:

Original Bitcoin paper: https://bitcoin.org/bitcoin.pdf

Block explorer: https://blockexplorer.com/

Blog post by Michael Nielsen: https://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:

Video by Anders Brownworth:

Ethereum white paper: https://goo.gl/XXZddT


3blue1brown is a channel about animating math, in all senses of the word animate. And you know the drill with YouTube, 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: http://3b1b.co/recommended

Various social media stuffs:
Website: https://www.3blue1brown.com
Twitter: https://twitter.com/3Blue1Brown
Patreon: https://patreon.com/3blue1brown
Facebook: https://www.facebook.com/3blue1brown
Reddit: https://www.reddit.com/r/3Blue1Brown

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Bitcoin is the new REVOLUTION !!!