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Blockchain/Bitcoin for beginners 9: Bitcoin difficulty, target, BITS  - all you need to know
 
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In this video I break the somewhat confusing and mysterious question of how exactly the block difficulty is defined, represented and updated. There is a simplification/misconception that the requirement is just to find a hash with a required number of leading zeros in hex. This is not the case, it's a little more intricate than that.... I show some examples of real blocks - in particular focusing on the genesis block, and how import it is for initializing the difficulty of mining a block. I clarify the relationship between BITS (in the block header) difficulty, and the actual 256 hash target. Links Blockchain explorer https://www.smartbit.com.au/ Difficult history chart http://www.coindesk.com/data/bitcoin-mining-difficulty-time/ Hex converter http://www.binaryhexconverter.com/hex-to-decimal-converter
Views: 5871 Matt Thomas
Mining Pool Shares, Difficulty and Luck Explained
 
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As requested an overview of shares, difficulty and luck. Excuse my appearance as I am still under the weather a bit. More detailed vids to the series coming. Plotting Rig Build: ASRock X399 TAICHI: http://amzn.to/2ABwQyU AMD Ryzen Threadripper 1950X: http://amzn.to/2AzRQpu ARCTIC Freezer 33 TR: http://amzn.to/2yqGXEW Ballistix Sport LT 64GB Kit 2666mhz: http://amzn.to/2zyktFt Corsair AX860i: http://amzn.to/2mXviLv Windows 10 Pro: http://amzn.to/2AyMz1H Discord https://discord.gg/PxnPaE7 Twitter https://twitter.com/SonOfATech Facebook https://www.facebook.com/Son-Of-A-Tech Instagram https://www.instagram.com/sonofatech/
Views: 13806 Son of a Tech
Blockchain Basics Explained - Hashes with Mining and Merkle trees
 
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A brief and simple introduction to the hash function and how blockchain solutions use it for proof of work (mining) and data integrity (Merkle Trees).
Views: 215350 Chainthat
Do you REALLY understand Bitcoin 51% Attack? Programmer explains.
 
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Bitcoin 51% attack is a theoretical attack that can be caused by someone who possesses 51% or more of the hashing power in the network. Today we talk about exactly what this attack is and how it can be executed. Thanks for watching guys 💝 🎤 If you would like me to speak at your conference, book me here: https://ivanontech.com 🍻 Join the crypto discussion forum - https://thecrypto.pub 📚 Get my free e-book on Bitcoin and Blockchain - http://eepurl.com/c0hyc9 you will receive the book in your inbox once you sign up 👫👭👬Social: LinkedIn: http://linkedin.com/in/ivanliljeqvist/ Instagram: http://instagram.com/ivanontech/ Steemit: https://steemit.com/@ivanli Facebook: http://facebook.com/ivanontech/ Exclusive email list: http://eepurl.com/c0hyc9 🤑 Buy cryptocurrencies: https://www.coinbase.com/join/529bab0ab08ded7080000019 💰 Secure your Crypto with Hardware Wallets: Ledger: https://www.ledgerwallet.com/r/4607 Trezor: https://trezor.io/?a=rvj3rqtje3ph Ivan on Tech by Ivan Liljeqvist
Views: 75103 Ivan on Tech
How secure is 256 bit security?
 
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Supplement to the cryptocurrency video: How hard is it to find a 256-bit hash just by guessing and checking? What kind of computer would that take? Cryptocurrency video: https://youtu.be/bBC-nXj3Ng4 Thread for Q&A questions: http://3b1b.co/questions Several people have commented about how 2^256 would be the maximum number of attempts, not the average. This depends on the thing being attempted. If it's guessing a private key, you are correct, but for something like guessing which input to a hash function gives a desired output (as in bitcoin mining, for example), which is the kind of thing I had in mind here, 2^256 would indeed be the average number of attempts needed, at least for a true cryptographic hash function. Think of rolling a die until you get a 6, how many rolls do you need to make, on average? Music by Vince Rubinetti: https://vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown ------------------ 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
Views: 1015679 3Blue1Brown
Bitcoin Q&A: Nonces, mining, and quantum computing
 
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Who generates the nonce? What makes it random? How is nonce-guessing important to the competitive process of mining? What happens if the hashing algorithm (SHA-256) was compromised? Is quantum computing a threat? More on nonces and the mining process: https://github.com/bitcoinbook/bitcoinbook/blob/8ae3c056fb257111bda8883d9d204e8476f9870c/ch09.asciidoc More about the SHA-1 collision: https://security.googleblog.com/2017/02/announcing-first-sha1-collision.html More about SHA-1 and Bitcoin: https://bitcoin.stackexchange.com/questions/75135/is-sha-1-used-in-bitcoin CORRECTION: At 5:53, I described what a collision was. However, the definition I outlined was actually for a pre-image attack, which is distinct from collision attacks. The subtitles have been edited to include the correction. https://en.wikipedia.org/wiki/Preimage_attack These questions are from the MOOC 7.2 and 9.2, which took place on February 26th 2017 and February 23rd 2018 respectively. Andreas is a teaching fellow with the University of Nicosia. The first course in their Master of Science in Digital Currency degree, DFIN-511: Introduction to Digital Currencies, is offered for free as an open enrollment MOOC course to anyone interested in learning about the fundamental principles. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop RELATED: Consensus Algorithms, Blockchain Technology, and Bitcoin - https://youtu.be/fw3WkySh_Ho Advanced Bitcoin Scripting Part 1: Transactions and Multisig - https://youtu.be/8FeAXjkmDcQ Advanced Bitcoin Scripting Part 2: SegWit, Consensus, and Trustware - https://youtu.be/pQbeBduVQ4I What is Consensus: Rules without Rulers - https://youtu.be/2tqo7PX5Pyc Forkology: A Study of Forks for Newbies - https://youtu.be/rpeceXY1QBM Bitcoin: Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0 Software distribution security - https://youtu.be/_V0vqy046YM What is mining? - https://youtu.be/t4p4iMqmxbQ The mining process - https://youtu.be/L4Xtau0YMJw Miners, pools, and consensus - https://youtu.be/JHz7LM4ncLw Cryptographic primitives - https://youtu.be/RIckQ6RBt5E The rules of Bitcoin (part 1) - https://youtu.be/VnQu4uylfOs The rules of Bitcoin (part 2) - https://youtu.be/vtIp0GP4w1E Rules versus rulers - https://youtu.be/9EEluhC9SxE The value of proof-of-work - https://youtu.be/ZDGliHwstM8 Migrating to post-quantum cryptography - https://youtu.be/dkXKpMku5QY Could a state-sponsored 51% attack work? - https://youtu.be/KUd8ZGgm6Qo Honest nodes and consensus - https://youtu.be/KAhY2ymI-tg Spam transactions and Child Pays For Parent (CPFP) - https://youtu.be/t3c0E4fkSNs Is Bitcoin a democracy? - https://youtu.be/TC3Hq76UT5g Decentralized power, leaderless governance - https://youtu.be/E5VbDlQTPzU Scaling, trust, and trade-offs - https://youtu.be/vCxmHwqyJWU What is the role of nodes? - https://youtu.be/fNk7nYxTOyQ Why running a node is important - https://youtu.be/oX0Yrv-6jVs Lightning, full nodes, and miners - https://youtu.be/dlJG4OHdJzs Running nodes and payment channels - https://youtu.be/ndcfBfE_yoY What happens during a fork? - https://youtu.be/XBk8hBJ1xVo SegWit adoption - https://youtu.be/KCsTVTRk6I4 Spam transactions and Child Pays For Parent (CPFP) - https://youtu.be/t3c0E4fkSNs Energy consumption - https://youtu.be/2T0OUIW89II Solar energy and mining in space - https://youtu.be/cusakcpa8AM Bitmain and ASICBoost allegations - https://youtu.be/t6jJDD2Aj8k Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8 [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8 MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042 [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 Subscribe to the channel to learn more about Bitcoin & open blockchains! Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Views: 10710 aantonop
Bitcoin - Proof of work
 
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An explanation of cryptographic proof-of-work protocols, which are used in various cryptographic applications and in bitcoin mining. More free lessons at: http://www.khanacademy.org/video?v=9V1bipPkCTU Video by Zulfikar Ramzan. Zulfikar Ramzan is a world-leading expert in computer security and cryptography and is currently the Chief Scientist at Sourcefire. He received his Ph.D. in computer science from MIT.
Views: 188585 Khan Academy
What is a Bitcoin hard fork? Simply Explained!
 
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Recently we’ve heard about a Bitcoin hard fork. But what is a hard ford? What’s the impact on a cryptocurrency and why are they created? In this video I'll explain all of that in a simple way. 💰 Want to buy Bitcoin or Ethereum? Buy for $100 and get $10 free (through my affiliate link): https://www.coinbase.com/join/59284524822a3d0b19e11134 -------------- 🐦 Follow me on Twitter: https://twitter.com/savjee ✏️ Check out my blog: https://www.savjee.be 👍🏻 Like my Facebook page: https://www.facebook.com/savjee -------------- 📚 Sources can be found on my website: https://www.savjee.be/videos/simply-explained/what-is-bitcoin-hard-fork/
What is a Bitcoin nonce?
 
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What is the nonce that Miners adjust in their blocks, and what's its relationship to the Block itself? Why do we need nonces in Bitcoin, and where did this strange word come from?
Views: 6184 Bitcoin Uncensored
Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED
 
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Blockchain, the key technology behind Bitcoin, is a new network that helps decentralize trade, and allows for more peer-to-peer transactions. WIRED challenged political scientist and blockchain researcher Bettina Warburg to explain blockchain technology to 5 different people; a child, a teen, a college student, a grad student, and an expert. Check out WIRED's guide to blockchain: https://www.wired.com/story/guide-blockchain/ Find out more about Bettina's research at https://animalventures.com/ Still haven’t subscribed to WIRED on YouTube? ►► http://wrd.cm/15fP7B7 Also, check out the free WIRED channel on Roku, Apple TV, Amazon Fire TV, and Android TV. Here you can find your favorite WIRED shows and new episodes of our latest hit series Masterminds. ABOUT WIRED WIRED is where tomorrow is realized. Through thought-provoking stories and videos, WIRED explores the future of business, innovation, and culture. Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED
Views: 2017780 WIRED
Bitcoin Difficulty Explained
 
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Bitcoin difficulty doesn't have to be so difficult.Short and boiled down explanation about this term and what does it mean for us bitcoin mining fans. Check this link to find a more in-depth article: http://www.bitcoinraven.com/bitcoin-difficulty-and-bitcoin-chart-updated-bitcoinraven/
Views: 1772 BitcoinRAVEN
What is Bitcoin Mining?
 
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For more information: https://www.bitcoinmining.com and https://www.weusecoins.com What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? This short video is an animated introduction to Bitcoin Mining. Credits: Voice - Chris Rice (www.ricevoice.com) Motion Graphics - Fabian Rühle (www.fabianruehle.de) Music/Sound Design - Christian Barth (www.akkord-arbeiter.de) Andrew Mottl (www.andrewmottl.com)
Views: 6763094 BitcoinMiningCom
Bitcoin: How Cryptocurrencies Work
 
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Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems. Hosted by: Michael Aranda Special Thanks: Dalton Hubble Learn more about Cryptography: https://www.youtube.com/watch?v=-yFZGF8FHSg ---------- Support SciShow by becoming a patron on Patreon: https://www.patreon.com/scishow ---------- Dooblydoo thanks go to the following Patreon supporters—we couldn't make SciShow without them! Shout out to Bella Nash, Kevin Bealer, Mark Terrio-Cameron, Patrick Merrithew, Charles Southerland, Fatima Iqbal, Benny, Kyle Anderson, Tim Curwick, Will and Sonja Marple, Philippe von Bergen, Bryce Daifuku, Chris Peters, Patrick D. Ashmore, Charles George, Bader AlGhamdi ---------- Like SciShow? Want to help support us, and also get things to put on your walls, cover your torso and hold your liquids? Check out our awesome products over at DFTBA Records: http://dftba.com/scishow ---------- Looking for SciShow elsewhere on the internet? Facebook: http://www.facebook.com/scishow Twitter: http://www.twitter.com/scishow Tumblr: http://scishow.tumblr.com Instagram: http://instagram.com/thescishow ---------- Sources: https://bitinfocharts.com/ https://chrispacia.wordpress.com/2013/09/02/bitcoin-mining-explained-like-youre-five-part-2-mechanics/ https://www.youtube.com/watch?v=Lx9zgZCMqXE https://www.youtube.com/watch?v=nQZUi24TrdI https://bitcoin.org/en/how-it-works http://www.forbes.com/sites/investopedia/2013/08/01/how-bitcoin-works/#36bd8b2d25ee http://www.makeuseof.com/tag/how-does-bitcoin-work/ https://blockchain.info/charts/total-bitcoins https://en.bitcoin.it/wiki/Controlled_supply https://www.bitcoinmining.com/ http://bitamplify.com/mobile/?a=news Image Sources: https://commons.wikimedia.org/wiki/File:Cryptocurrency_Mining_Farm.jpg
Views: 2674339 SciShow
How does a blockchain work - Simply Explained
 
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What is a blockchain and how do they work? I'll explain why blockchains are so special in simple and plain English! 💰 Want to buy Bitcoin or Ethereum? Buy for $100 and get $10 free (through my affiliate link): https://www.coinbase.com/join/59284524822a3d0b19e11134 📚 Sources can be found on my website: https://www.savjee.be/videos/simply-explained/how-does-a-blockchain-work/ 🐦 Follow me on Twitter: https://twitter.com/savjee ✏️ Check out my blog: https://www.savjee.be ✉️ Subscribe to newsletter: https://goo.gl/nueDfz 👍🏻 Like my Facebook page: https://www.facebook.com/savjee
Views: 2738890 Simply Explained - Savjee
Bitcoin Mining Difficulty Changes Every 2 Weeks *BitcoinWisdom
 
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Views: 67 Dr Kelli
Cryptocurrency Explained
 
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Today we dive into the future of finance and talk about cryptocurrencies! What they are, how they work, and their implications for the future. Grab your juice bottle and let's get this going! End Credits Song - https://soundcloud.com/the-humin-werm/starfighter Donate With PayPal - https://bit.ly/2FlwGQn Support On Patreon - https://www.patreon.com/user?u=10593744 Support On SubscribeStar - https://www.subscribestar.com/political-juice Political Juice is also on Bitchute - https://www.bitchute.com/channel/poli... Political Juice is also on UGETube - https://videos.utahgunexchange.com/@P... Twitter - https://twitter.com/Political_Juice Political Juice - What is Cryptocurrency?
Views: 230558 Political Juice
Bitcoin mining difficulty example. THIS IS CRAZY!!
 
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Bitcoin mining difficulty example. THIS IS CRAZY!! This is a great example of how fast the bitcoin community is upgrading their hardware and leaving my micro rig in the past
Views: 2452 Crypto Computer-Man
What is an Initial Coin Offering?
 
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Let's cut through the hype and understand Initial Coin Offerings (ICOs) by creating one ourselves programmatically! We'll first learn about Bitcoin & Ethereums architecture to prepare us for the smart contract creation process. Our DemoCoin ICO will be built using tools from the Ethereum developer ecosystem. Code for this video: https://github.com/llSourcell/what_is_an_initial_coin_offering Alberto's Winning Code: https://github.com/alberduris/The_Math_of_Intelligence/tree/master/Week10 Eric's 2nd place Code: https://github.com/EricAlcaide/Math_of_Intelligence/tree/master/Quantum_Computing Please Subscribe! And like. And comment. More learning resources: https://medium.com/startup-grind/hack-your-funding-with-an-initial-coin-offering-2a2a0614bddf https://blog.zeppelin.solutions/how-to-create-token-and-initial-coin-offering-contracts-using-truffle-openzeppelin-1b7a5dae99b6 https://bitsonblocks.net/2017/04/25/a-gentle-introduction-to-initial-coin-offerings-icos/ https://blockchainhub.net/ico-initial-coin-offerings/ https://medium.com/@mvmurthy/full-stack-hello-world-voting-ethereum-dapp-tutorial-part-1-40d2d0d807c2 https://medium.com/@ConsenSys/a-101-noob-intro-to-programming-smart-contracts-on-ethereum-695d15c1dab4 https://www.ethereum.org/greeter I wrote a book on this stuff last year (most of the code is now deprecated since the space moves very fast, but the theories still hold true) so I'm very excited to see this space finally coming to fruition: http://shop.oreilly.com/product/0636920039334.do Join us in the Wizards Slack channel: http://wizards.herokuapp.com/ And please support me on Patreon: https://www.patreon.com/user?u=3191693 Follow me: Twitter: https://twitter.com/sirajraval Facebook: https://www.facebook.com/sirajology Instagram: https://www.instagram.com/sirajraval/ Instagram: https://www.instagram.com/sirajraval/ Signup for my newsletter for exciting updates in the field of AI: https://goo.gl/FZzJ5w Hit the Join button above to sign up to become a member of my channel for access to exclusive content!
Views: 117158 Siraj Raval
A simple explanation of Bitcoin and cryptocurrency
 
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What up my dudes. enjoy.
Views: 716 Keifer Kif
Bitcoin explained and made simple | Guardian Animations
 
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Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came from and the impact it's having around the world. Is bitcoin the future of finance, a potential destroyer of the economy ... or just a silly slice of technical utopianism? Subscribe to The Guardian ► http://bitly.com/UvkFpD Get the whole picture, the whole time ► http://is.gd/9LRxIO The Guardian's Top Ten Videos: Mos Def force fed in Gitmo procedure ► http://bit.ly/1hdvoqM Bangladeshi Sex Workers take steroids ► http://bit.ly/1mqf3fA North Korean military parade in slow-mo ► http://bit.ly/TTEAGk Police assault on Ian Tomlinson at G20 ► http://bit.ly/1rgq6Pg Manny Pacquiao fight highlights ► http://bit.ly/RBczBp Brick-by-brick women's fencing protest ► http://bit.ly/RBcEFc Trouserless on the Tube ► http://bit.ly/SPWOrv Jesus "would have been an atheist" ► http://bit.ly/1kfrKqP Open Heart Surgery ► http://bit.ly/1tPaGQ2 Brick-by-Brick Usain Bolt 2012 Olympic gold ► http://bit.ly/1pxQqQv
Views: 1434642 The Guardian
Proof-of-Stake (vs proof-of-work)
 
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Cryptocurrencies use a ton of electricity because of mining. In recent years people started working on a different technique called Proof-of-Stake. Not only does it use less energy, it can also be more secure. (This video is a re-upload to fix a mistake I made in the previous one. Sorry about that!) 📚 Sources for this video: https://www.savjee.be/videos/simply-explained/proof-of-stake/ 🌍 Social Twitter: https://twitter.com/savjee Facebook: https://www.facebook.com/savjee ✏️ Check out my blog https://www.savjee.be
Ethereum's Constantinople Update & Difficulty Bomb
 
07:17
Ethereum is about to get another big update. It's called Constantinople and will increase the performance of the network and introduce some new features. It will also delay the difficulty bomb. Here we'll take a bird's eye look at the new update. It'll be a hard fork, but we don't expect Ethereum to split into a new currency. 📚 Sources https://savjee.be/videos/simply-explained/ethereum-constantinople-update/ 🌍 Social Twitter: https://twitter.com/savjee Facebook: https://www.facebook.com/savjee ✏️ Check out my blog https://www.savjee.be
OneCoin Mining Difficulty Explained by Dr.  Ruja
 
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Fill out OneCoin Simple Registration Form and Secure your Future at https://www.onelife.eu/signup/onedigitalworld ... Join the Financial Revolution for free For more info, clarifications, assistance and/or understanding contact:- Email: [email protected] Skype: [email protected]
What is Ethereum? A Simple Explanation Anyone Can Understand
 
07:37
What is Ethereum? A Simple Explanation Anyone Can Understand You'll receive $10 in free bitcoin by signing up with this link http://bit.ly/2oesV41 Blockchain Revolution Book: http://amzn.to/2nXGGqY Buy Ethereum: http://bit.ly/2oesV41 Ethereum Course: http://courses.blockgeeks.com/ What is Ethereum for beginners? At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. Is Ethereum similar to Bitcoin? Well, sort of, but not really. Like Bitcoin, Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capability. Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments. While the bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application. In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn Ether, a type of crypto token that fuels the network. Beyond a tradeable cryptocurrency, Ether is also used by application developers to pay for transaction fees and services on the Ethereum network. “Bitcoin is first and foremost a currency; this is one particular application of a blockchain. However, it is far from the only application. To take a past example of a similar situation, e-mail is one particular use of the internet, and for sure helped popularise it, but there are many others.” Dr Gavin Wood, Ethereum Co-Founder What is a smart contract? Smart contract is just a phrase used to describe computer code that can facilitate the exchange of money, content, property, shares, or anything of value. When run on the blockchain a smart contract becomes like a self-operating computer program that automatically executes when specific conditions are met. Because smart contracts run on the blockchain, they run exactly as programmed without any possibility of censorship, downtime, fraud or third party interference. My name is Ameer Rosic, and I'm a serial entrepreneur, investor, marketing Strategist and Blockchain Evangelist Buy Bitcoin & Ethereum http://bit.ly/2oesV41 Get One-to-One Consulting https://clarity.fm/ameerrosic Blog http://www.Ameerrosic.com blockgeeks: http://www.blockgeeks.com Facebook http://www.Facebook.com/ameerrosic Twitter http://www.Twitter.com/ameerrosic InstaGram http://www.Instagram.com/ameerrosic
Views: 492842 Ameer Rosic
Ethereum Difficulty Bomb - What you need to know!
 
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Reddit User: https://www.reddit.com/user/CryptoMines Current DAG file size: 2.12GB (3GB cards will still work) As always, thank you for watching and supporting my channel! Difficulty Graph: https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart ----------------------------------------------------------------------------------------------------------------- Bitcoin: 1AER3PaU6AzDffPFx7bAcLv1UVRyNXqiek Ethereum: 0xd51499728f51457F0D2B071aE72AC36dafd6Cb26 Litecoin: LWxS7XtrtNMgVKmhsvyKsGAaysKcR9Ce2G Genesis Mining: https://www.genesis-mining.com/a/1589981 Bitconnect: https://bitconnect.co/?ref=ChanOnDemand HashFlare: https://hashflare.io/r/95F85A12 -----------------------------------------------------------------------------------------------------------------
Views: 2065 ChanOnDemand
Ever wonder how Bitcoin (and other cryptocurrencies) actually work?
 
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Bitcoin explained from the viewpoint of inventing your own cryptocurrency. Videos like these made possible by patreon: https://patreon.com/3blue1brown 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 contributions in cryptocurrency form as an alternative to Patreon. As you might guess, the answer is yes :). Here are the relevant addresses: ETH: 0x88Fd7a2e9e0E616a5610B8BE5d5090DC6Bd55c25 BTC: 1DV4dhXEVhGELmDnRppADyMcyZgGHnCNJ BCH: qrr82t07zzq5uqgek422s8wwf953jj25c53lqctlnw LTC: LNPY2HEWv8igGckwKrYPbh9yD28XH3sm32 Supplement video: https://youtu.be/S9JGmA5_unY Music by Vincent Rubinetti: https://soundcloud.com/vincerubinetti/heartbeat 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: https://youtu.be/Lx9zgZCMqXE Video by Anders Brownworth: https://youtu.be/_160oMzblY8 Ethereum white paper: https://goo.gl/XXZddT 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. Music by Vince Rubinetti: https://vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown ------------------ 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
Views: 2470189 3Blue1Brown
How To Mine 0.1 Bitcoin With Blockchain Miner Pro App
 
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Get Here: https://tinyurl.com/ybut8p75 How To Mine 0.1 Bitcoin With Blockchain Miner Pro App How To Mine 0.1 Bitcoin With Blockchain Miner Pro App bitcoin mining bitcoin mining rig bitcoin mining software bitcoin mining machine bitcoin mining pool bitcoin mining difficulty bitcoin mining app bitcoin mining companies bitcoin mining explained bitcoin mining android bitcoin mining app ios bitcoin mining app android bitcoin mining apk bitcoin mining aws bitcoin mining asics bitcoin mining and its energy footprint bitcoin mining attack a mining.bitcoin.cz the bitcoin mining game the bitcoin mining process the bitcoin mining algorithm the bitcoin mining pool the bitcoin mining software building a bitcoin mining rig join a bitcoin mining pool building a bitcoin mining rig 2017 build a bitcoin mining computer bitcoin mining bot bitcoin mining browser bitcoin mining by country bitcoin mining business for sale bitcoin mining breakeven bitcoin mining blocker bitcoin mining business plan bitcoin mining by hand bitcoin mining box bitcoin mining build raspberry pi b+ bitcoin mining baikal giant b bitcoin mining bitcoin mining computer bitcoin mining cloud bitcoin mining china bitcoin mining chart bitcoin mining container bitcoin mining chip bitcoin mining code c't bitcoin mining c bitcoin miner plan c bitcoin mining bitcoin mining c code c'est quoi bitcoin mining bitcoin mining device bitcoin mining dead bitcoin mining definition computer science bitcoin mining datacenter bitcoin mining data bitcoin mining distribution bitcoin mining discord d-wave bitcoin mining bitcoin mining energy consumption bitcoin mining economics bitcoin mining electricity 2019 ce e bitcoin mining bitcoin e mining criptovalute bitcoin mining florida bitcoin mining facility bitcoin mining fee bitcoin mining forum bitcoin mining farm for sale bitcoin mining for mac bitcoin mining fpga bitcoin mining fee calculator bitcoin mining group bitcoin mining gtx 1080 bitcoin mining gtx 1070 bitcoin mining gif bitcoin mining gtx 1060 bitcoin mining gpu calculator bitcoin mining graph bitcoin mining graphics card prices g bitcoin mining calculator bitcoin guiminer bitcoin mining g bitcoin mining hardware bitcoin mining hardware 2018 bitcoin mining hashrate bitcoin mining hack bitcoin mining hosting usa bitcoin mining heater bitcoin mining history bitcoin mining hashrate chart bitcoin mining heat bitcoin mining how h/s bitcoin mining bitcoin mining in florida bitcoin mining investment bitcoin mining iceland bitcoin mining illegal bitcoin mining in 2018 bitcoin mining in china bitcoin mining is dead bitcoin mining income bitcoin mining iphone bitcoin mining images i mining bitcoin i start bitcoin mining how do i bitcoin mining bitcoin mining jobs bitcoin mining javascript bitcoin mining july 2018 bitcoin mining joke bitcoin mining java bitcoin mining japan bitcoin mining javascript code bitcoin mining join bitcoin mining javascript webgl bitcoin mining join pool bitcoin mining kit bitcoin mining kit amazon bitcoin mining kubernetes bitcoin mining kh/s bitcoin mining kenya bitcoin mining kuwait bitcoin mining kwh bitcoin mining kaise kare bitcoin mining kazakhstan bitcoin mining key bitcoin mining legal bitcoin mining laptop bitcoin mining limit bitcoin mining locations bitcoin mining llc bitcoin mining legit bitcoin mining login bitcoin mining lottery bitcoin mining live bitcoin mining lab bitcoin mining l bitcoin mining malware bitcoin mining motherboard bitcoin mining meaning bitcoin mining meme bitcoin mining mac pro bitcoin mining map bitcoin mining mobile bitcoin mining make money bitcoin mining on laptop bitcoin mining on mac bitcoin mining on phone bitcoin mining on aws bitcoin mining on computer bitcoin mining os bitcoin mining on linux bitcoin mining on chromebook o que é bitcoin mining bitcoin mining o co chodzi bitcoin mining profitability bitcoin mining profitability chart bitcoin mining pc bitcoin mining power bitcoin mining pool chart bitcoin mining price bitcoin mining profit calculator gaiden bitcoin mining power consumption bitcoin mining pool software bitcoin mining quora bitcoin mining quantum computer bitcoin mining quotes bitcoin mining quebec bitcoin mining qatar bitcoin mining qnap bitcoin mining quadro bitcoin mining quadro 2000 bitcoin mining question bitcoin mining quartz bitcoin mining q es bitcoin mining rig for sale bitcoin mining reward bitcoin mining rate bitcoin mining raspberry pi bitcoin mining rig build bitcoin mining rig cost bitcoin mining requirements bitcoin mining rack bitcoin mining setup bitcoin mining sites bitcoin mining stocks bitcoin mining service bitcoin mining servers bitcoin mining stats bitcoin mining time bitcoin mining tools bitcoin miner 7nm bitcoin miner 741 bitcoin miner 7 windows 7 bitcoin mining software How To Mine 0.1 Bitcoin With Blockchain Miner Pro App How To Mine 0.1 Bitcoin With Blockchain Miner Pro App
Views: 164 Sinmon's Mining
Bitcoin - Cryptographic hash function
 
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What cryptographic hash functions are and what properties are desired of them. More free lessons at: http://www.khanacademy.org/video?v=0WiTaBI82Mc Video by Zulfikar Ramzan. Zulfikar Ramzan is a world-leading expert in computer security and cryptography and is currently the Chief Scientist at Sourcefire. He received his Ph.D. in computer science from MIT.
Views: 221593 Khan Academy
What is a Smart Contract? A Beginner’s Guide
 
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What is a Smart Contract? A Beginner’s Guide You'll receive $10 in free bitcoin by signing up with this link http://bit.ly/2oesV41 Bitcoin & Etherum Storage Wallet: http://bit.ly/2o7BmgW Book Recommendations: http://amzn.to/2pv7kF4 Get One-to-One Consulting https://clarity.fm/ameerrosic Blockchain Training: http://bit.ly/2nGhdn0 Quadrigacx Canadian Crypto Exchange: http://bit.ly/2papyuV What are Smart Contracts? Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way, while avoiding the services of a middleman. The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations. Example Suppose you rent an apartment from me. You can do this through the blockchain by paying in cryptocurrency. You get a receipt which is held in our virtual contract; I give you the digital entry key which comes to you by a specified date. If the key doesn’t come on time, the blockchain releases a refund. If I send the key before the rental date, the function holds it releasing both the fee and key to you and me respectively when the date arrives. The system works on the If-Then premise and is witnessed by hundreds of people, so you can expect a faultless delivery. If I give you the key, I’m sure to be paid. If you send a certain amount in bitcoins, you receive the key. The document is automatically cancelled after the time, and the code cannot be interfered by either of us without the other knowing, since all participants are simultaneously alerted. You can use smart contracts for all sort of situations that range from financial derivatives to insurance premiums, breach contracts, property law, credit enforcement, financial services, legal processes and crowd funding agreements. My name is Ameer Rosic, and I'm a serial entrepreneur, investor, marketing Strategist and Blockchain Evangelist Blog http://www.Ameerrosic.com Blockgeeks: http://www.blockgeeks.com Facebook http://www.Facebook.com/ameerrosic Twitter http://www.Twitter.com/ameerrosic InstaGram http://www.Instagram.com/ameerrosic
Views: 198329 Ameer Rosic
Bitcoin Q&A: Empty blocks, orphan blocks, and valid chains
 
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What are empty blocks and are they necessarily bad? What are orphan blocks? Where do bitcoin balances come from? What is meaning of "the longest cumulative difficulty, valid chain"? These questions are from the MOOC 8.2, 9.2, 9.3, 9.4, and 9.5 sessions, which took place on September 15th 2017, February 23rd, March 2nd, March 9th, and March 16th 2018 respectively. Andreas is a teaching fellow with the University of Nicosia. The first course in their Master of Science in Digital Currency degree, DFIN-511: Introduction to Digital Currencies, is offered for free as an open enrollment MOOC course to anyone interested in learning about the fundamental principles. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop RELATED: Consensus Algorithms, Blockchain Technology, and Bitcoin - https://youtu.be/fw3WkySh_Ho Advanced Bitcoin Scripting Part 1: Transactions and Multisig - https://youtu.be/8FeAXjkmDcQ Advanced Bitcoin Scripting Part 2: SegWit, Consensus, and Trustware - https://youtu.be/pQbeBduVQ4I What is Consensus: Rules without Rulers - https://youtu.be/2tqo7PX5Pyc Forkology: A Study of Forks for Newbies - https://youtu.be/rpeceXY1QBM Bitcoin: Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0 The mining process - https://youtu.be/L4Xtau0YMJw Genesis block and coinbase transactions - https://youtu.be/strhfzJ56QE The rules of Bitcoin (part 1) - https://youtu.be/VnQu4uylfOs The rules of Bitcoin (part 2) - https://youtu.be/vtIp0GP4w1E Decentralized power, leaderless governance - https://youtu.be/E5VbDlQTPzU Scaling, trust, and trade-offs - https://youtu.be/vCxmHwqyJWU Why running a node is important - https://youtu.be/oX0Yrv-6jVs Honest nodes and consensus - https://youtu.be/KAhY2ymI-tg Running nodes and payment channels - https://youtu.be/ndcfBfE_yoY What happens during a fork? - https://youtu.be/XBk8hBJ1xVo SegWit adoption - https://youtu.be/KCsTVTRk6I4 How do mnemonic seeds work? - https://youtu.be/wWCIQFNf_8g Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8 [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8 MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042 [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 Subscribe to the channel to learn more about Bitcoin & open blockchains! Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Views: 6209 aantonop
What is Blockchain? | CNBC Explains
 
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Blockchain is a global online database that anyone with an internet connection can use, but it doesn't belong to anyone. CNBC's Tom Chitty explains. ----- Subscribe to CNBC International: http://bit.ly/1eiWsDq Like our Facebook page https://www.facebook.com/cnbcinternational Follow us on Instagram @cnbcinternational Follow us on Twitter https://twitter.com/CNBCi Subscribe to our WeChat broadcast CNBC_international
Views: 260915 CNBC International
Understand the Blockchain in Two Minutes
 
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Over the past decade, an alternative digital paradigm has slowly been taking shape at the edges of the internet. This new paradigm is the blockchain. After incubating through millions of Bitcoin transactions and a host of developer projects, it is now on the tips of tongues of CEOs and CTOs, startup entrepreneurs, and even governance activists. Though these stakeholders are beginning to understand the disruptive potential of blockchain technology and are experimenting with its most promising applications, few have asked a more fundamental question: What will a world driven by blockchains look like a decade from now? Learn more: http://www.iftf.org/blockchainfutureslab Contact us: http://www.iftf.org/blockchainfutureslab/contact
How Does BitCoin Work?
 
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If money is only valuable when we believe in it, how much is a BitCoin actually worth? Jonathan explains the virtual currency as well as how to mine it and the risks involved in investing. Whether the topic is popcorn or particle physics, you can count on the HowStuffWorks team to explore - and explain - the everyday science in the world around us on BrainStuff. Download the New TestTube iOS app! http://testu.be/1ndmmMq Watch More BrainStuff on TestTube http://testtube.com/brainstuff Subscribe Now! http://www.youtube.com/subscription_center?add_user=brainstuffshow Watch More http://www.youtube.com/BrainStuffShow Twitter http://twitter.com/BrainStuffHSW Facebook http://facebook.com/BrainStuff Google+ http://gplus.to/BrainStuff
Blockchain technology explained – simple explanation of Blockchain technology
 
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A blockchain is a distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. A blockchain is normally managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once validated and recorded, the data in any given block cannot be altered without the alteration of all subsequent blocks, which requires collusion of the network majority. Blockchain is going to be a disruptive technology in the coming years. To know the concept of Blockchain , we need to get some understanding and basic concepts about, SHA2 , hash, distributed network etc. Hash. Hash is nothing but a digital fingerprint of information created with SHA2 algorithm. As name mention, each and every character, word or sentence will have a unique hash code. So if I put “My name is Girish”, it spit out a unique hash code and it will be always unique. Now forget about the above sentence and if you have a huge article written, again there will be unique hash for it. It is very interesting that even if it is a single character or a huge library of information, hash code will be of same length. Hash is a digital fingerprint, it is unique for every combination of characters. Block. Block is collection of data, “My name is Girish” is the data in our earlier example. In BLOCK, data along with a unique signing key together will generate a hash which will be unique for this combination. It essentially means if any one changes data then hash will change. As mentioned above , here I added an additional G in the end, now hash also get changed and mark it as unsigned or un-certified or invalid. Now to get the certified or signed hash, the option is to remove that additional “G” from the box or replace “114290” which is the earlier signing key and guess a new signing key which will certify this data with a new hash. Mining. Now I programmatically tried from 1 till I get a signed hash, and the magic number was 31615 in this case. In a simple term, this is known as mining. We will get into this in detail soon. Block is collection of data along with a signing key, combination of data and signing key creates a unique hash. Blockchain. Blockchain is a continuous chain of blocks and, interestingly it points to a block previous to it. Consider this as an array of data & sign key combination. Ideally it is a chain of blocks which are certified or valid. Assume any one of the block in this chain got altered, the chain after it also get invalidated. This is how the integrity of a Blockchain is maintained without a third party or a trustee. Let us see the complications involved if someone try to validate any single block in this entire chain. To achieve this one has to go and fix entire chain by guessing the right signing key, which is such a big resource intense activity which is practically impossible. That is why we say data written to a Blockchain is immutable. Distributed Blockchain. In the above example , the entire Blockchain from the node where it got a fraud entry become invalid, but as we discussed these nodes can be signed with a new key and make it valid again. Even though it is resource intense, it can be done on a relatively smaller chain. Distributed Blockchain is as good as having the entire chain of blocks distributed to everyone in the network. This help to make things a bit for difficult to corrupt the system. Now we have copies of certified blocks with thousands or millions of people in the network. Blockchain system can now easily validate and identify which of the chains are faked or corrupted and so ignore it. Rule of majority works here. Now we know the basic concept of Blockchain, we will see the practical implementation of Blockchain which is bitcoin. Many people confuse bitcoin with Blockchain and vise versa. Blockchain is a concept and Bitcoin is a practical application build on top of Blockchain concept. There are many other applications which are being build which may revolutionize banking & financial industry. There are more to be discussed about bitcoin implementation on how is the opening balance and closing balance maintained etc. We will discuss those in another tutorial. Hope this helps you to understand the Blockchain technology better. To read more visit http://girishg.net/blockchain/
Views: 2261 FINMAESTRO
Litecoin vs. Bitcoin | Litecoin Simply Explained
 
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▸ [FREE] 🔥FREE BOOK: "The YouTube Success Formula" Discover The 31 Tactics To Start A Six Figure YouTube Channel From SCRATCH | https://bit.ly/2E4OhMh ► Free Money Monday Cheat Sheet: https://goo.gl/NkSiZQ ► Get $10 FREE Bitcoin when you invest $100 with Coinbase: https://tinyurl.com/yamnwzcz (affiliate) Litecoin vs. Bitcoin | Litecoin Simply Expliained Everone’s talking about BITCOIN — it grew 2200% at the time of this video in a year. But not a lot are talking about LITECOIN - grown 8800% this year. Nearly FOUR times what bitcoin did. AT THE END OF THIS VIDEO IM GOING TO SHOW YOU LIVE - ME INVESTING $500 INTO Litecoin. PUT MONEY WHERE MOUTH IS. DISCLAIMER: I AM NOT A FINANCIAL EXPERT - ALWAYS CHECK WITH ONE BEFORE INVESTING. PLEASE DO YOUR OWN RESEARCH. NO FINICAL ADVICE IS BEING GIVEN HERE. Q: what is Litecoin? Decentralized online currency pretty much a clone of bitcoin One of the MOST popular cryptocurrency — created in 2011 BIT: Gold 2.0` LIT: Silver 2.0 TWO Main differences: Speed — mining is around 4x faster — transactions much faster Number of coins BIT: 21Million available — 84 MILLION Litecoins Q: why is Litecoin good? Bank fees gone Decentralized GOOD FOR EVERYONE: Developing world Western Union SO expensive for fees since currency changes price rapidly and has risk - bitcoin and litecoin don’t pose this same (once they stop being crazy volatile) 3 BILL don’t have access to financial platforms like banks/ATMs/etc. GOOD FOR YOU: bitcoin might have hit cap. Litecoin has better opportunity to double the money. Q: how to invest in litecoin? coinbase — get $10 FREE off $100 investment watch me do it live with $500 do as i say, not as i do - PLEASE, DOLLER COST AVERAGE! Don’t be bonehead bullish like your best friend Clark stop settling start living clark YOU MAY ALSO LIKE: Money Monday Series ► https://goo.gl/7mMxgL The BEST OF Series ► https://goo.gl/5Spvy6 Journaling Series ► https://goo.gl/e6j6H6 How to Get Rich Series ► https://goo.gl/Q7wbc5 SOCIAL: Twitter ► @clarkkegley Facebook ► /clarkdangerous Instagram ► @refusingtosettle Instagram ► @clarkkegley MY COURSES: MyBestJournal 2.0 ► http://mybestjournal.com Video Breakthrough Academy ► https://www.myvideobreakthrough.com Earnings Disclaimer: Please always check with a professional before making any moves with your money. These videos are for educational purposes only. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Affiliate Disclaimer: This description contains affiliate links. If you decide to purchase a product through one of them, I will receive a small commission. This is at no additional cost to you. I will only ever list products that I have personally used. Go out there and crush this! clark #RefusingtoSettle
The Halving Explained (Litecoin/Bitcoin)
 
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This was filmed two weeks prior to Litecoins price reaching $8+. While the point still stands the rise was aided by: bitcoins block debate and price manipulation, you can read more on this here: • http://www.miningpool.co.uk/interview-with-andrew-vegetabile-aka-the-mage-on-litecoin-bitcoin-and-more/ • http://cointelegraph.com/news/114809/chinese-pump-n-dump-suspected-as-litecoin-passes-bitcoin-in-trading-volume ♫ Music: Kontinuum - Eternal Echo Andrés - Moments In Life
How To Earn Bitcoin In Bull Market Bitcoin Mining Secret
 
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Views: 46 Bitcoin update
The Bitcoin and Blockchain Technology Explained
 
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A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency's block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history. ------------------------------------------------------------------- BUY BITCOIN SAFELY HERE: http://bit.ly/BuyBitcoinNow ------------------------------------------------------------------- REGISTER FOR A COINBASE ACCOUNT: http://bit.ly/CoinbaseBitcoinSignup ------------------------------------------------------------------- Every block contains a hash of the previous block. This has the effect of creating a chain of blocks from the genesis block to the current block. Each block is guaranteed to come after the previous block chronologically because the previous block's hash would otherwise not be known. Each block is also computationally impractical to modify once it has been in the chain for a while because every block after it would also have to be regenerated. These properties are what make double-spending of bitcoins very difficult. The block chain is the main innovation of Bitcoin. Honest generators only build onto a block (by referencing it in blocks they create) if it is the latest block in the longest valid chain. "Length" is calculated as total combined difficulty of that chain, not number of blocks, though this distinction is only important in the context of a few potential attacks. A chain is valid if all of the blocks and transactions within it are valid, and only if it starts with the genesis block. For any block on the chain, there is only one path to the genesis block. Coming from the genesis block, however, there can be forks. One-block forks are created from time to time when two blocks are created just a few seconds apart. When that happens, generating nodes build onto whichever one of the blocks they received first. Whichever block ends up being included in the next block becomes part of the main chain because that chain is longer. More serious forks have occurred after fixing bugs that required backward-incompatible changes. Blocks in shorter chains (or invalid chains) are not used for anything. When the bitcoin client switches to another, longer chain, all valid transactions of the blocks inside the shorter chain are re-added to the pool of queued transactions and will be included in another block. The reward for the blocks on the shorter chain will not be present in the longest chain, so they will be practically lost, which is why a network-enforced 100-block maturation time for generations exists. These blocks on the shorter chains are often called "orphan" blocks. This is because the generation transactions do not have a parent block in the longest chain, so these generation transactions show up as orphan in the listtransactions RPC call. Several pools have misinterpreted these messages and started calling their blocks "orphans". In reality, these blocks have a parent block, and might even have children. Because a block can only reference one previous block, it is impossible for two forked chains to merge. • How do Bitcoin Transactions Work? http://www.coindesk.com/information/how-do-bitcoin-transactions-work/ ------------------------------------------------------------------- DID YOU LIKE THIS VIDEO? ------------------------------------------------------------------- Enjoy this video? Click "Mark as good" and give your "LIKE". Subscribe to our channel and follow our publications. Consider making a small Bitcoin donation to this address: 3C2Ti2wegJDFw1Kp3w71Mtr9bKkhyCz8fa. ------------------------------------------------------------------- BUY BITCOIN SAFELY HERE: http://bit.ly/BuyBitcoinNow ------------------------------------------------------------------- REGISTER FOR A COINBASE ACCOUNT: http://bit.ly/CoinbaseBitcoinSignup ------------------------------------------------------------------- ------------------------------------------------------------------- Video credits ------------------------------------------------------------------- http://www.bitcoinproperly.org/ Tags: BTC Bitcoin Bit coin Altcoin Cryptocurrency Buy Bitcoin Sell Bitcoin Bitcoin trading Bitcoin value Bitcoin wallet Bitcoin blockchain Blockchain Satoshi Nakamoto Digital currency
Views: 398174 Rodrigo Henrik
TED Talks: The Blockchain Explained Simply
 
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YOcoin based on the Ethereum Blockchain is Bitcoin 2.0 This is the Future of Cryptocurrency... Sign up and purchase YOcoin at the secure link below. www.YOcoinEX.org or www.YOcoinUSA.org Feel free to ask any questions Learn more at www.YOcoin.org Facebook- www.Facebook.com/YOcoinUSA/ Instagram- www.Instagram.com/YOcoinUSA/ Twitter- www.Twitter.com/YOcoinUSA
Views: 514145 YOcoin
Litecoin & Bitcoin: What's the Difference?!
 
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If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/de… LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Litecoin Scrypt Mining:https://cryptovest.com/education/litecoin-mining-scrypt-algorithm-for-a-leading-coin/ ASIC Scrypt Miners: https://www.ehsminer.com/product/ehs-asic-scrypt-miner-vi/ Charts on Top Cryptos: https://bitinfocharts.com/ Bitcoin has open source code, meaning it’s open to the public to analyze and learn from. This has inspired a whole lot of people to take this code and tweak it in a way that they think will be most beneficial, resulting in a new cryptocurrency and blockchain. One of the first of these people is Charlie Lee. So right off the bat, Litecoin has a publicly identified creator compared to the anonymous Satoshi Nakamoto. Charlie created Litecoin about two years after Bitcoin. And one of the ways that he chose to make Litecoin different is how Litecoin is mined. Litecoin uses Scrypt mining. This type of mining can be thought of as ASIC resistant, meaning that it requires memory in addition to computing power, which is what GPUs are much better suited for. Litecoin was designed this way to purposely avoid the centralization we’re now seeing with Bitcoin and it’s mining pools. Scrypt mining is still profitable for those who want to use their computers, unlike Bitcoin at this point. But you know how those ASIC manufacturers like to innovate, there are ASICs for Scrypt mining now as well. Regardless, this helps explain one aspect of how Litecoin can implement changes much faster and easier than Bitcoin. Litecoin doesn’t have these huge, centralized mining farms like Bitcoin which have enough control over the network, like Antpool that allows them to strongly influence decisions like hard forks. Bitcoins trouble with reaching consensus in regards to updates to the network can also be attributed to the sheer size of the network. Bottom line, Bitcoin has a lot of miners and nodes that need to come together and choose to signal one way or another. Decentralization is great, and although we are increasingly becoming accustomed to instant gratification, this slow process of updates can actually help make sure that major mistakes aren’t made, and that the network has had ample time to consider the pros and cons. This is when Litecoin comes into play and can demonstrate how things like Segregated Witness and Lightning Network can work once implemented. Litecoin often comes to decisions much faster because the network is generally smaller, with less developers and not as many powerful stakeholders (like blockstream) than Bitcoin, it’s easier for Litecoin to make decisions faster. In addition to all of this, there are also some economic differences between Bitcoin and Litecoin. For example, the total possible supply of Litecoin is 84 million compared to the 21 million of Bitcoin. This sets the stage for overall more coins for Litecoin’s block rewards, and a less expensive price tag per coin. Generally, the Litecoin network sees a bit more 10% of the amount of transactions compared to Bitcoin. The block times are a fraction of Bitcoin as well, which translates to faster transactions. Getting back to the mining aspect of Litecoin, the difficulty and hash rates are lower so mining is actually more directly profitable for Litecoin.
Views: 2171 Crypto Tips
What Is A Bitcoin Wallet? - The Best Explanation EVER
 
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This is a free sample lesson from 'The Secrets Of The Bitcoin Triangle' course, where you will 'Discover The 21 Fast Track Ways To Make And Save With Bitcoin (Starting From Scratch)'. You can sign up for the full course at: https://cryptoversity.krtra.com/t/r54RTiOWLIZa A Bitcoin wallet is a piece of software you use to communicate with the Bitcoin network and tell it when you want to send and receive transactions. The best way to understand a Bitcoin wallet is by comparing it to email. Once you have setup an email address you need some kind of software to allow you to send and receive emails to that address. Now this software may be an app on your phone, it may be an app on your laptop or it could even be an app you log into online. With email, you enter the username and password for your email address into the app and that’s how the Internet knows it’s really you that is sending and receive emails to that address. Now of course you tell everyone your email address and you have to do that in order for anyone to send you a message. But just because someone knows your email address, that doesn’t allow them to send email from that address. If they could that would be bad because then they could send emails pretending to be you and cause all kinds of problems. In order to be allowed to send email from a particular email address, you have to know the password. If someone finds out your email password then there’s nothing stopping them from logging in to your email app and sending messages. This is very similar to how a Bitcoin wallet works. Every Bitcoin account has two elements to it. One is called your public address, which is like your email address, and one is called your private key, which is like your password. So just like email, you can give anyone your Bitcoin public address and then anyone, anywhere in the world can send you some Bitcoin. They don’t need to know anything about you. All they need is that public address and they can send money to you. Your Bitcoin private key on the other hand is the one thing you must protect. It’s called your private key for a reason because you should never reveal this to anyone. If someone gets your email password, that’s bad because they can start sending emails from your address, but that’s not quite as bad as someone getting your Bitcoin private key because then they can steal all of your Bitcoins by sending them somewhere else. And just like email, once a Bitcoin transaction has been sent, it’s a one way trip. The only way to get it back would be for the person you sent it to to voluntarily send it back. Bitcoin literally works like digital cash. Once you’ve handed it over, the Bitcoin belongs to that other person. And the same goes for when you receive Bitcoin. Once someone sends it to you, it’s yours and no one can take it from you. The only way they could do that is if they knew your private key. And of course now you know never to give this to anyone.
Views: 102784 The Cryptoverse
Alan Watts - Symbols and Meaning
 
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Alan Wilson Watts (6 January 1915 – 16 November 1973) was a British-born philosopher, writer, and speaker, best known as an interpreter and populariser of Eastern philosophy for a Western audience. Born in Chislehurst, he moved to the United States in 1938 and began Zen training in New York. Pursuing a career, he attended Seabury-Western Theological Seminary, where he received a master's degree in theology. Watts became an Episcopal priest then left the ministry in 1950 and moved to California, where he joined the faculty of the American Academy of Asian Studies. Solar Bitcoin mining with free lifetime bonus: https://www.cryptominingfarm.io/signup/?referrer=5652FD9CCE0D0
Views: 4375 Alan Watts
Ethereum Vs. Bitcoin: What Sets Them Apart? | CNBC
 
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Cryptocurrency Ether could potentially prove more lucrative than Bitcoin. It's been flying in Bitcoin's shadow, but investors are taking notice of its powerful financial technology. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Ethereum Vs. Bitcoin: What Sets Them Apart? | CNBC
Views: 768956 CNBC
Don’t Understand Bitcoin? This Man Will Mumble An Explanation At You
 
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Subscribe to ClickHole http://bit.ly/1qugIEe Like ClickHole on Facebook https://www.fb.com/clickhole Follow ClickHole on Twitter https://twitter.com/ClickHole
Views: 308923 ClickHole
Susan Athey: The Economics of Bitcoin & Virtual Currency
 
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Susan Athey explains how Bitcoin works, and why virtual digital currency might change the way consumers and financial institutions do business. Athey is the Economics of Technology professor at Stanford Graduate School of Business. Read more about the perils and promise of digital currency in this article featuring Athey and venture capitalist Balaji Srinivasan: http://www.gsb.stanford.edu/insights/promise-peril-bitcoin Find out more about professor Athey's research: http://www.gsb.stanford.edu/faculty-research/faculty/susan-athey
What is a Masternode?
 
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In this video I try to cover the basics of masternodes. Opening the discussion for any questions you have on what they do and how to get one. I personally have a chaincoin masternode and it has been a good experience so I wanted to expand the channel from mining to a little masternode talk. Research Masternodes on masternodes.online Vultr Affiliate Link: https://www.vultr.com/?ref=7248109 My Rig Parts: Asrock H110 Pro BTC+: http://amzn.to/2xK5veW Intel Pentium G4400: http://amzn.to/2tKvsJu Killawatt: http://amzn.to/2sOxNP8 Crucial Value Ram: http://amzn.to/2tKtAjQ Corsair HX1200i: http://amzn.to/2tNXqng Amazon Affiliate Link https://www.amazon.com/?ie=UTF8&rw_us... Twitter https://twitter.com/SonOfATech Facebook https://www.facebook.com/Son-Of-A-Tec... Instagram https://www.instagram.com/sonofatech/
Views: 36129 Son of a Tech
Bitcoin Core vs. Bitcoin Cash - DRAMA EXPLAINED
 
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Views: 17495 sunny decree
What is Bitcoin Mining? (In Plain English)
 
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As part of our Bitcoin Whiteboard Tuesday series, we've just upgraded our Bitcoin mining video to cover many topics and become even simpler to understand. For the complete text guide visit: http://bit.ly/2ya2CmP Join our 7-day Bitcoin crash course absolutely free: http://bit.ly/2pB4X5B Learn ANYTHING about Bitcoin and cryptocurrencies: http://bit.ly/2BVbxeF Get the latest news and prices on your phone: iOS - https://apple.co/2yf02LJ Android - http://bit.ly/2NrMVw2 See anything we haven't covered? Leave us a comment in the comment section below
Views: 31670 99Bitcoins
What is Mining in Hindi by CryptoCurrencyCare CCC  By Kartike Kanwar
 
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Mining in Hindi by CryptoCurrencyCare CCC By Kartike Kanwar NOTE: My Videos are just for Education Purpose, I will never suggest anyone for any investment, I will never suggest anything for trading... and I don't promote any company, any scheme (Ponzi Scheme) and I am not responsible if someone loss or gain from any investment. So please don't ask me regarding this, I will not reply. I Personally suggest all to please judge and verify before investing to any attracted schemes, as most of them are Fake, they will give you all false hope and eat yours and yours known persons money and time. What is Cryptocurrency ? Why its future of Money? What is Bitcoin? What are altcoins? Which are genuine currencies? How to do Mining? Is Mining id profitable? In which coin we should Invest? Many more Crypto Currency CryptoCurrency Bitcoin bitcoin India Bitcoin online business review Bitcoin Presentation Bitcoin Business Plan The Bitcoin Decoded cryptograph gemcoin litecoin altcoin dogecoin Kartike Kanwar Kartike Bitcoin Kartike Kanwar bitcoin guru cryptocurrency list cryptocurrency meaning cryptocurrency ppt cryptocurrency mining cryptocurrency market cap cryptocurrency in india cryptocurrency onecoin cryptocurrency exchange cryptocurrency news cryptocurrency pdf cryptocurrency bitcoin cryptocurrency and bitcoin cryptocurrency address cryptocurrency and blockchain cryptocurrency api cryptocurrency advantages and disadvantages cryptocurrency australia cryptocurrency algorithms a cryptocurrency exchange cryptocurrency a good investment create a cryptocurrency creating a cryptocurrency exchange create a cryptocurrency wallet build a cryptocurrency miner cryptocurrency business cryptocurrency blockchain cryptocurrency business plan cryptocurrency benefits cryptocurrency blog cryptocurrency book cryptocurrency bank cryptocurrency cloud mining cryptocurrency creator cryptocurrency conclusion cryptocurrency course cryptocurrency companies list cryptocurrency charts live cryptocurrency disadvantages cryptocurrency difficulty cryptocurrency dao cryptocurrency degree cryptocurrency day trading cryptocurrency exchange rates cryptocurrency exchange india cryptocurrency explained cryptocurrency exchange script cryptocurrency exchange platform cryptocurrency examples cryptocurrency ethereum cryptocurrency etf cryptocurrency exchange reviews usd-e cryptocurrency e-commerce cryptocurrency cryptocurrency future cryptocurrency forums cryptocurrency for dummies cryptocurrency faucet cryptocurrency fund cryptocurrency for beginners cryptocurrency hindi cryptocurrency history cryptocurrency how it works cryptocurrency hashing algorithms cryptocurrency hack cryptocurrency hardware cryptocurrency historical prices cryptocurrency hedge fund cryptocurrency in hindi cryptocurrency investment cryptocurrency images cryptocurrency introduction cryptocurrency in mlm cryptocurrency investopedia cryptocurrency is legal in india cryptocurrency jobs cryptocurrency journal cryptocurrency japan cryptocurrency jobs london cryptocurrency jobs australia cryptocurrency kickstarter cryptocurrency kit cryptocurrency kinds cryptocurrency keys cryptocurrency list 2016 cryptocurrency legality cryptocurrency list 2015 cryptocurrency list onecoin cryptocurrency list values cryptocurrency litecoin cryptocurrency login cryptocurrency listed companies cryptocurrency logos cryptocurrency mining explained cryptocurrency meaning in telugu cryptocurrency mining hardware cryptocurrency mining software cryptocurrency mining algorithms cryptocurrency mlm cryptocurrency meaning in tamil cryptocurrency news 2016 cryptocurrency network marketing cryptocurrency names cryptocurrency network cryptocurrency node cryptocurrency next big thing cryptocurrency news app cryptocurrency new coins cryptocurrency nedir scrypt n cryptocurrency cryptocurrency other than bitcoin cryptocurrency on the rise cryptocurrency open source cryptocurrency overview cryptocurrency offline vault storage system cryptocurrency origin cryptocurrency oxford dictionary cryptocurrency options cryptocurrency ppt download cryptocurrency prices cryptocurrency presentation cryptocurrency portfolio cryptocurrency predictions cryptocurrency profitability cryptocurrency quotes cryptocurrency questions cryptocurrency rates cryptocurrency reviews cryptocurrency regulation cryptocurrency ripple cryptocurrency revolution cryptocurrency risk cryptocurrency report cryptocurrency seminar ppt cryptocurrency scams cryptocurrency stock cryptocurrency startups cryptocurrency stock market cryptocurrency trading cryptocurrency trading platform cryptocurrency trading tips cryptocurrency tutorial cryptocurrency types cryptocurrency trading guide cryptocurrency uk cryptocurrency usd cryptocurrency university cryptocurrency update cryptocurrency values cryptocurrency vs fiat currency cryptocurrency vs virtual currency cryptocurrency video cryptocurrency worth mining cryptocurrency without blockchain cryptocurrency youtube
Views: 25538 CAPTAIN RICHMIND
What is Bitcoin? (v1)
 
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Learn about Bitcoin with the most watched Bitcoin video. More information: Start Guide - https://www.weusecoins.com Mining Guide - https://www.bitcoinmining.com Podcast - http://www.bitcoin.kn Follow us on Twitter: https://www.twitter.com/WeUseCoins Like us on Facebook: https://www.facebook.com/weusecoins
Views: 9323022 WeUseCoins