Episode List
Chapter 4. Bitcoin Keys and Addresses
Chapter 4. Bitcoin Keys and Addresses
Chapter 3. Bitcoin Core: The Reference Implementation
Bitcoin Core: The Reference Implementation
Bitcoin Mining
Bitcoin Mining The bitcoin system of trust is based on computation. Transactions are bundled into blocks, which require an enormous amount of computation to prove, but only a small amount of computation to verify as proven. The mining process serves two purposes in bitcoin: • Mining nodes validate all transactions by reference to bitcoin’s consensus rules. Therefore, mining provides security for bitcoin transactions by rejecting invalid or malformed transactions. • Mining creates new bitcoin in each block, almost like a central bank printing new money. The amount of bitcoin created per block is limited and diminishes with time, following a fixed issuance schedule.
Chapter 2. How Bitcoin Works
Chapter 2. How Bitcoin Works
Getting Your First Bitcoin
Getting Your First Bitcoin
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