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21min chapter
#503: The Bitcoin Stack with Dhruv Bansal,Ryan Gentry & Allen Farrington
TFTC: A Bitcoin Podcast
Exploring Bitcoin's Layer Zero and Layer One Markets
The chapter delves into the concept of Bitcoin markets, distinguishing between layer zero and layer one markets. It explains how Bitcoin is distributed through proof of work at layer zero and how transactions are included in blocks for individual transactions at layer one. The discussion highlights the differences in market operations, pricing mechanisms, and the interdependence between these layers for Bitcoin's effective functioning.
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