EXPLAINING BITCOIN To Finance Expert Michael Howell
The Bitcoin Layer
00:00
Understanding Bitcoin Transactions
This chapter explores the detailed process of Bitcoin transactions, from user authorization to the role of the mempool and miners in validation. It also discusses the implications of transaction fees and the future of Bitcoin mining as supply approaches its limit.
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In this extensive educational video explaining bitcoin, Michael Howell joins Nik Bhatia and The Bitcoin Layer as a student this time instead of as our liquidity teacher. In Part 1, Nik dives into bitcoin's history as Michael inquires whether bitcoin is better described as an asset or as money. Part 2 continues with a deep dive into hashing, mining, and bitcoin's blockchain architecture. Michael grasps key cryptography concepts essential to comprehending bitcoin's uniqueness. In Part 3, Nik brings the newly established concepts around hashing and mining to teach Michael why bitcoin's supply will never exceed 21 million, how bitcoin's network prevents malicious attacks, and why bitcoin can't be controlled by banks or governments. This video is perfect for anybody looking for a detailed introduction into both bitcoin's technology and economics.
The Bitcoin Layer is a bitcoin and global macroeconomic research firm.
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