Ever wonder how Bitcoin (and other cryptocurrencies) actually work?

Ever wonder how Bitcoin (and other cryptocurrencies) actually work?





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How the Bitcoin protocol works, from the viewpoint of stumbling into inventing your own cryptocurrency.

Protocol Labs: https://protocol.ai/
Interested in contributing? https://protocol.ai/join/

If you’re looking for the supplemental video about understanding just how big 2^256 is, I’m planning to put it out tomorrow. The basic idea is to get a feel for what 2^32 (about 4 billion) multiplied by itself 8 times feels like, building up to a comically absurd computer that would be needed to break 265-bit security. If you want to stay notified, feel free to subscribe: http://3b1b.co/subscribe

Special thanks to the following patrons: http://3b1b.co/btc-thanks

Music by Vincent Rubinett: https://soundcloud.com/vincerubinetti/heartbeat

Here are a few other resources I’d recommend:

Original Bitcoin paper: https://bitcoin.org/bitcoin.pdf

Block explorer: https://blockexplorer.com/

Blog post by Michael Nielsen: https://goo.gl/BW1RV3
(This is particularly good for understanding the details of what transactions look like, which is something this video did not cover)

Video by CuriousInventor: https://youtu.be/Lx9zgZCMqXE

Ethereum white paper: https://goo.gl/XXZddT

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3blue1brown is a channel about animating math, in all senses of the word animate. And you know the drill with YouTube, if you want to stay posted on new videos, subscribe, and click the bell to receive notifications (if you’re into that).

If you are new to this channel and want to see more, a good place to start is this playlist: http://3b1b.co/recommended

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