20min chapter

The Bitcoin Layer cover image

Teaching Bitcoin Part 2: Hashing & Mining

The Bitcoin Layer

CHAPTER

Foundations of Bitcoin Security

This chapter explores the fundamental security features of Bitcoin, detailing the processes that ensure its integrity against potential threats. It addresses historical precedents in technology and security, while also explaining crucial concepts such as Gresham's law in the context of Bitcoin's value and decentralized management. Additionally, the discussion covers the challenges of double spending, the role of miners, and the importance of consensus to maintain Bitcoin's usability and efficiency.

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