Episode Two - What is Bitcoin - Bitcoin Breakout

2 years ago
68

Peer to peer payment system with need for a trusted 3rd party

No need for a trusted party doesn’t mean there can’t be one

Brute Force not Math

https://www.blockchain.com/charts/difficulty

How SHA256 works

https://demoblockchain.org/hash

https://andersbrownworth.com/blockchain/

The concept of absolute scarcity (only happens once)

What Satoshi Wanted

Digital peer to peer
Privacy but public record of all transactions on chain
Rule by consensus
The ability to run a node with common hardware

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