How Bitcoin Works Under The Hood

How Bitcoin Works Under The Hood


A somewhat technical explanation of how Bitcoin works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most exciting projects coming out (Ethereum, etc):
Lots of demos on how to buy, send, store (hardware, paper wallet). how to use javascript to send bitcoin. How to create Ethereum Smart Contract, much more.

Shorter 5 min introduction:

Written version:

My Bitcoin address: 13v8NB9ScRa21JDi86GmnZ5d8Z4CjhZMEd

Arabic translation by Ahmad Alloush

Spanish caption translation by Borja Rodrigo, zordycorak@gmail.com, DFJWgXdBCoQqo4noF4fyVhVp8R6V62XdJx

Russian caption translation by Alexandra Miklyukova

Italian voice over:
Italian captions translated by Simone Falcini, 1H5KdCnBooxfqpXtyQBBAKKRU7MkCZCVCe


28 thoughts on “How Bitcoin Works Under The Hood”

  1. 17:00 the system is vulnerable to humans getting smarter and maybe building a quantum computer

  2. Its easy for the bankster and central banks to bring down bitcion to it’s knees and outout business. IRS and Banks will treat bitccoin as an investment and will tax the hell out of it and they can also regulate bitcoin and other crypto currencies out of business. for bitcoins to work somewhat they will have to buy or own mastercard , visa or capital 1. american express. the creator of bitcoin is just like another pyramyd scheme

  3. Just a small nitpicky note: Addresses in Bitcoin are not exactly the public key. They are hashes of the public key of an address in base58

  4. After watching some awful videos that claimed to demystify Blockchain, i am happy to come across yours. Thank you!

  5. Fantastic work! Dragon Mining recognizes this as a useful and informative video. 20 minutes worth watching if you’re looking for an easy to understand technical explanation of how Bitcoin works.

  6. amazing video. very descriptive. The other several videos i saw , gave me more questions , while all answering same questions . Thank you

  7. This video is amazing. It answered so many of questions and provides a understandable yet in depth explain of bitcoin. Thank you for this awesome video.

  8. NO ONE TALKS ABOUT WHAT AND WHERE THIS “BITCOIN NETWORK / DATABASE ” IS ??? where is it ???????

  9. or just use normal money or paypal. its like a payment system for people of the basement haha.. too complicated for my ass.

  10. excellent explanation! and probably ahead of it’s time ! Without all the fanboy hype about how *revolutionary* and disruptive (-_-) this technology is.

  11. you’re the first person to have explained such a complex system in such a simple way .. thankyou for this vid !

  12. messages won’t affect ledgers if the message is sent by the receiver of the money right?

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