21min chapter

The Bitcoin Layer cover image

Teaching Bitcoin Part 2: Hashing & Mining

The Bitcoin Layer

CHAPTER

Understanding Bitcoin's Genesis and Mining Mechanics

This chapter explores the foundational aspects of Bitcoin, starting with the significance of the genesis block and its encoded message related to the 2008 financial crisis. It discusses the structure and coordination of Bitcoin nodes, the process of mining, and the role of the mempool in transaction validation. Additionally, the chapter highlights the evolution of mining rewards and the algorithmic adjustments that ensure consistent block generation while managing Bitcoin's supply.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode