Episode 77: Peer-to-peer Encryption
Bitcoin Explained - The Technical Side of Bitcoin
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The Problem With Peer-to-Peer Encryption
The idea is to encrypt all the data so that when somebody's looking at our internet connection, all they see is noise. They cannot read the individual transactions. At first glance, they don't even know what is a transaction and what is not. The general idea is a called a Diffie-Hellman key exchange. Do you want to try to explain how this works? No. I can give it a try. Let's see if this works because I think I got a way of explaining it that might actually be sort of understandable over audio even. All right. Are you ready? Yep.
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