But how does bitcoin actually work?

2017 Мор 7-нд
8 245 578 Үзсэн тоо

The math behind cryptocurrencies.
Enjoy these videos? Consider sharing one or two.
Supported by viewers: 3b1b.co/btc-thanks
This video was also funded with help from Protocol Labs: protocol.ai/join/
Some people have asked if this channel accepts contributions in cryptocurrency form. As a matter of fact, it does:
3b1b.co/crypto
2^256 video: mnnews.info/show/g5qDq9J3mJLYn4s/video.html
Music by Vincent Rubinetti: soundcloud.com/vincerubinetti/heartbeat
Here are a few other resources I'd recommend:
Original Bitcoin paper: bitcoin.org/bitcoin.pdf
Block explorer: blockexplorer.com/
Blog post by Michael Nielsen: 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: mnnews.info/show/fNly3syQpoDUiXc/video.html
Video by Anders Brownworth: mnnews.info/show/j5JvlNSD3ZXPimo/video.html
Ethereum white paper: goo.gl/XXZddT
------------------
Animations largely made using manim, a scrappy open source python library. github.com/3b1b/manim
If you want to check it out, I feel compelled to warn you that it's not the most well-documented tool, and has many other quirks you might expect in a library someone wrote with only their own use in mind.
Music by Vincent Rubinetti.
Download the music on Bandcamp:
vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown
Stream the music on Spotify:
open.spotify.com/album/1dVyjwS8FBqXhRunaG5W5u
If you want to contribute translated subtitles or to help review those that have already been made by others and need approval, you can click the gear icon in the video and go to subtitles/cc, then "add subtitles/cc". I really appreciate those who do this, as it helps make the lessons accessible to more people.
------------------
3blue1brown is a channel about animating math, in all senses of the word animate. And you know the drill with MNnews, 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: 3b1b.co/recommended
Various social media stuffs:
Website: www.3blue1brown.com
Twitter: twitter.com/3Blue1Brown
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Сэтгэгдлүүд
  • If you see comments here about investing or brokers, they are scams. Videos about cryptocurrencies, evidently including ones that are just about the underlying technology/math, are hotbeds for attracting nefarious actors preying on the impressionable. Also, hi! If you’re new to this channel, most of it is about visualizing math. I get it, you probably landed here searching for how BTC works, not to spend your afternoon getting pulled into learning about, say, prime numbers or problem-solving, but if you have a moment take a look at the rest of the channel, you may enjoy what you find.

    3Blue1Brown3Blue1Brown5 сарын өмнө
    • I reported every comment above this one. I encourage everyone to do the same. Very fucking annoying.

      John CavanaughJohn Cavanaugh2 өдрийн өмнө
    • Great video for someone like myself that is new to the crypto world!

      Thomas NicholsonThomas Nicholson4 өдрийн өмнө
    • @tropickman yes, that's the 51% attack you may or may not have heard of.

      oH well,lord!oH well,lord!11 өдрийн өмнө
    • BitTorrent surges 30% and reaches a new all-time high, achieving a market capitalization of $ 5 billion

      minecraftcrackminecraftcrack12 өдрийн өмнө
    • Dear Grant Sanderson, I've made translation of this video into russian back in 2017. Even graphic part is translated. Links to original are provided. And now you claiming youtube to delete my work because of copyright claims. What's wrong with you man?! I earned nothing from it just want to share it with russian speaking viewers. I spent my time and resources on absolutely volunteering basis and left link to original. What you doing now is simply rude and disrespectful. Discard your claim!

      ZzudwaZzudwa13 өдрийн өмнө
  • This video should be broadcasted to all forms of media!

    Patrick DoucettePatrick Doucette17 минутын өмнө
  • Amazing content!!

    Patrick DoucettePatrick Doucette19 минутын өмнө
  • You know what I love about this video? For years now I've been asking myself what miners actually do when mining Bitcoin! I kept hearing about "running algorithms", but never what those algorithms actually where! Secondly, I kept having questions after each segment of the video, and magically, you kept answering them! Needless to say, it was a great video and super easy to understand with the visuals and your explanations! Thumbs up from me!

    AriaAriaЦагийн өмнө
  • I make my profits investing with a professional broker Mrs Alice hendrix. she manages all my investment and gets me awesome profits. her strategies are top notch coupled with the low commission she charges on her trades.

    Louis ErnestLouis Ernest3 цагийн өмнө
  • I got 7 Bitcoin^^ bought them for 2k each and now they're 60k+ each! Half a million rich

    ayo?ayo?3 цагийн өмнө
  • Investing in crypto now is very cool especially with the current rise in the market now

    James AdamsJames Adams5 цагийн өмнө
    • + 1 6 2 6 4 6 9 4 0 3 8

      Adams StephanieAdams Stephanie4 цагийн өмнө
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  • very intricate way to proof how the "brain works" invoking the chemistry messengers "axons and dendroids" collecting electric potentials CHR-F5 UTF-8

    Dzmitry V. KrukauDzmitry V. Krukau6 цагийн өмнө
    • PROOF OF WORK IS "SIXTY ZEROES"

      Dzmitry V. KrukauDzmitry V. Krukau6 цагийн өмнө
  • Hello what's the best way to get started with trade cos I've been making my personal research for a while now.

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  • Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise For real it's very profitabl

    Evelyn DanielsEvelyn Daniels23 цагийн өмнө
    • +=4=4=7=8=6=8=7=1=0=1=5=1.

      Ahmed ZackAhmed Zack19 цагийн өмнө
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      Ahmed ZackAhmed Zack19 цагийн өмнө
    • Hello, are you there?

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      Erica JonesErica Jones22 цагийн өмнө
    • Do you know how much is ok for a start let me know if I can do this...

      Angela SamAngela Sam22 цагийн өмнө
  • Arnnold SantinoArnnold SantinoӨдрийн өмнө
    • Making over 1.4 Btc is so satisfying. I mean it's time consuming, but that keeps me coming back. All thanks to Dominic Yaroslav

      John HarrisJohn Harris23 цагийн өмнө
    • He is a genius.... Nothing can go wrong with him

      Isabella DawsonIsabella Dawson23 цагийн өмнө
    • I really admire his work. His kind is rare

      Lucy CurtisLucy Curtis23 цагийн өмнө
    • @King Williams You can say that again lol. As a beginner i have benefited alot under Dominic's guidance.

      Nolan MaxwellNolan Maxwell23 цагийн өмнө
    • There is nothing as nice when you win. Very very nice

      King WilliamsKing Williams23 цагийн өмнө
  • Help

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    • I am so amazed with the help of Lulzsectracknet

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    • Positive feedback from LulzSectracknet

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    • am so glad I came across lulzsectracknet

      Gino FernandezGino Fernandez15 цагийн өмнө
  • OLYMPUS (OHM) pays the best APY in crypto market! You can find it in sushi swap and coinmarket! 👍👍👍

    NBA BELIEVERSNBA BELIEVERSӨдрийн өмнө
  • Proof of burn Proof of stake Proof of capacity Proof of elapsed times These are the alternatives used by the either and other cryptocurencys and again the Proof of work is not an efficient way of transaction killing both time and wasting lots of energy

    Koundinya GoudKoundinya GoudӨдрийн өмнө
    • but, proof of work is the one that have most decentrelization, so less chance of being detroied by the state. So yeah, proof of work have problens, but is more secure.

      Kevi PegoraroKevi PegoraroӨдрийн өмнө
    • Ether**

      Koundinya GoudKoundinya GoudӨдрийн өмнө
  • I speak french and usually I like to watch english videos to improve my learning. But even with this constraint, I was able to clearly understand that video. Great work ;)

    HervéHervéӨдрийн өмнө
  • For the best and fastest recovery services, you should look into Moore Finance Recovery, they are proficient when it comes to recovery of scammed coins.

    Think SteveThink SteveӨдрийн өмнө
  • this must be an ASMR

    Filip ŽaludFilip ŽaludӨдрийн өмнө
  • What prevents Alice from propagating a fake Bob billing to everyone?

    nano femtonano femtoӨдрийн өмнө
  • money is a commodity serving as an equivalent in the exchange of other commodities... the classic money is gold and silver... a dollars are not money, dollars are just a "deputy" for money... any time you can change dollars for money in any bank... and what is a bitcoin? Alas, bitcoin is rather a bubble, or bullshit to be more correct. Cheers.

    V. Z.V. Z.Өдрийн өмнө
  • Hello everyone I'm new to bitcoin trade and I have watched a lot of videos along side tried some new strategies on my own but all to no avail. Can someone please recommend a trust worthy expert that can trade on my behalf and generate profit for me please

    Emmanuel GodsonEmmanuel GodsonӨдрийн өмнө
    • Thanks for the contact and recommendation guys, I really appreciate and I'm looking forward to earning from my first investment with her.

      Lucas JacobLucas JacobӨдрийн өмнө
    • @Lucas Jacob Her official Watsapp number is as follows, LINDA WORLEY: + 1' 6 ' 0 ' 1' 9 ' 8 ' 7 ' 2 ' 1' 2 ' 6 think someone already dropped it up there

      Tracy ObahTracy ObahӨдрийн өмнө
    • Please how can I get in contact with your expert? I would love to invest with her

      Lucas JacobLucas JacobӨдрийн өмнө
    • Trust me Mrs Linda is very awesome she has managed my investment and my weekly returns is mind blowing. She is trust worthy and her services is highly recommendable

      Tracy ObahTracy ObahӨдрийн өмнө
    • @Lucas Jacob I just withdrew my profit two days ago. I'm glad I did invest with her still reinvested and the trade is ongoing. I Have never seen any of her customers complaining after investment. They always end up smiling at the end of every trade.

      Gavin RalphGavin RalphӨдрийн өмнө
  • Anyone here from ATP?

    Richard WitherspoonRichard WitherspoonӨдрийн өмнө
  • Sonunda biri nasil calistigini daha duzgun anlatmis.....

    Berk AyzekBerk AyzekӨдрийн өмнө
  • The funny thing is: most people dont know how Gold is built up of protons and electrons and how it is created but everyone wants to understand Bitcoin :D

    BlackwingsssBlackwingsssӨдрийн өмнө
  • So how do we cash in the coins??

    KUSHAL BISWASKUSHAL BISWAS2 өдрийн өмнө
    • +==1==6==2==0==2==9==3==8==2==5==1

      Koroush AKKoroush AKӨдрийн өмнө
    • 𝑯𝒊𝒔 𝒂𝒗𝒂𝒊𝒍𝒂𝒃𝒊𝒍𝒊𝒕𝒚 𝒊𝒔 𝒐𝒏 ω𝒉𝒂𝒕𝒔𝒂𝒑𝒑

      Koroush AKKoroush AKӨдрийн өмнө
    • 𝑰𝒏𝒗𝒆𝒔𝒕 𝒊𝒏 ¢𝒓𝒚𝒑𝒕𝒐 𝒕𝒓𝒂𝒅𝒊𝒏𝒈 𝒘𝒊𝒕𝒉 𝒎𝒚 𝒂𝒅𝒎𝒊𝒏𝒊𝒔𝒕𝒓𝒂𝒕𝒊𝒗𝒆

      Koroush AKKoroush AKӨдрийн өмнө
    • Or sell it online. Any would do

      Richard HudsonRichard HudsonӨдрийн өмнө
    • You can trade them for traditional government currency if that's what you're asking.

      plasticman2011plasticman2011Өдрийн өмнө
  • Thanks for the info.. I like the speakers voice ☺️

    Patricia [Trish Loftus] FevoldPatricia [Trish Loftus] Fevold2 өдрийн өмнө
  • I want 19:38 on a t-shirt

    Emmanuel GarciaEmmanuel Garcia2 өдрийн өмнө
  • 14:41

    Mauricio MonzonMauricio Monzon2 өдрийн өмнө
  • TAKE NOTE, APOLLO CURRENCY (APL) WILL DWARF ALL CRYPTOS!

    dean ivandean ivan2 өдрийн өмнө
  • This is so freaking cool. Awesome video

    Am_I_Human aka FindStoicismAm_I_Human aka FindStoicism2 өдрийн өмнө
  • I think the pandemic has taught people a big lesson, having one stream of income is not really a good idea cause your job doesn't secure your financial needs. The pandemic has really set out business-minded people from the rest that is why I'm so lucky to be among the investors trading with Mrs. Kamilah Thurston as his student it's been success and happiness since the beginning of my trades

    Marcus SconiersMarcus Sconiers2 өдрийн өмнө
    • She turned me to a Boss .

      Clarlye SmithClarlye SmithӨдрийн өмнө
    • Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist and eventually you'll reach a satisfying level of proficiency,Mrs. Kamilah Thurston always makes trading go perfectly good for me and am still trading with her.

      Clarlye SmithClarlye SmithӨдрийн өмнө
    • Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

      Donnie BleuDonnie BleuӨдрийн өмнө
    • Speaking of Bitcoin trading, it's the best business in the world right now. I know a couple of friends who make a whole lot of money trading the financial market

      cheng hungcheng hungӨдрийн өмнө
    • yeah thats true,You can only appreciate a person who tries to teach everyone how to invest and make profit on multiple ways.

      Franklin GushFranklin GushӨдрийн өмнө
  • Pff screw that just buy and hodl

    Blu ScoutBlu Scout2 өдрийн өмнө
  • This video is very good. Please do a follow-up

    Lucas MLucas M2 өдрийн өмнө
  • Quantum computers will be able to hack all of this one day.

    Derek SDerek S2 өдрийн өмнө
    • @Theo Pantamis yed, but this guy not urdestand that

      Kevi PegoraroKevi PegoraroӨдрийн өмнө
    • Only the digital signature used (but the signature algorithm can be changed), not the mining.

      Theo PantamisTheo PantamisӨдрийн өмнө
  • So every transaction needs a unique identifier in case there are other similar transactions and every transaction will also need a signature from the other person doing the trade. 2400 of these goes into 1 block That 1 block contains the hash of the previous block, I guess to form a line that's in order? And a proof of work so you only get 1 new block every 10 minutes. So the only real way to steal something is if you have someone else's private key, say they gave you all their bitcoin and sign it yourself then broadcast it 🤨

    Mashal9418Mashal94182 өдрийн өмнө
    • That's why it's important to keep the private keys offline, such as on a hardware wallet.

      plasticman2011plasticman2011Өдрийн өмнө
  • It's a shame that something so mathematically appealing (bitcoin) attracts the most disgusting spam. Seriously? Let me read something of substance in the comments of this beautiful video. I can't believe MNnews's spam filters don't detect this.

    John CavanaughJohn Cavanaugh2 өдрийн өмнө
  • Really appreciate your work, this concept is difficult for me and i got only 50 percent ot it, please make another video with more simplification. also keep it around 15 mins ,20 max

    Saurabh NikhadeSaurabh Nikhade2 өдрийн өмнө
  • fools, i can use wolfram alpha to mine bitcoin instantly

    ChromaCat248ChromaCat2482 өдрийн өмнө
  • Investing successfully in forex requires the expertise of a professional broker that is why i have made profit since i started trading with Mrs Benjamin Addison she is the best.

    Geo VincentGeo Vincent2 өдрийн өмнө
    • since i started trading with mrs Benjamin Addison, i have maid good profit , her trading strategies are top notch coupled with the little commission she charges on her trade.

      Flecher EvelynFlecher Evelyn2 өдрийн өмнө
    • Amazing I also just started trading with Mrs Benjamin Addison, she is the best at what she does with an initial investment of $1400 i made up to $5230 in just a week of trading with her, her strategies are mind blowing

      felix bradfelix brad2 өдрийн өмнө
    • ; I have traded with a lot of individuals but I have never come across anyone as good as Mrs Benjamin Addison, just by applying her strategies I now trade independently. she is the best I'd advise any novice in investing to trade with her.

      derick willsonderick willson2 өдрийн өмнө
    • As a first time investor I started trading with Mrs Benjamin Addison with just a thousand bucks. my portfolio is worth much more that now within just weeks of trading with her.

      Mark NwachukwuMark Nwachukwu2 өдрийн өмнө
    • @Investwithaddison

      Geo VincentGeo Vincent2 өдрийн өмнө
  • Haha I know a dude who had mined 60K and then his friend smashed his computer. So now his broke

    Kevin DudsonKevin Dudson2 өдрийн өмнө
  • Really.. what a great video! I really appreciate your work sir! Thanks a lot!

    Dinesh PaskaranDinesh Paskaran3 өдрийн өмнө
  • Bitcoin and Ethereum is the future, Investing in it now will be the wisest thing to do especially with the current rise

    Dr George MeldenDr George Melden3 өдрийн өмнө
    • @Mike Jones Investing Lol

      Let Me Talk 2 These Mufuckas UUUGGGHHH!!!Let Me Talk 2 These Mufuckas UUUGGGHHH!!!Өдрийн өмнө
    • Now, the only question is which goofy boomer Star Trek villain govt will be idiotic enough to impose heavy taxation/regulations on the one thing keeping their institutions financially solvent?

      Let Me Talk 2 These Mufuckas UUUGGGHHH!!!Let Me Talk 2 These Mufuckas UUUGGGHHH!!!Өдрийн өмнө
    • I will think about this, I really need to invest in crypto before it rises again...and I need another source of income currently

      Bouncing BubblesBouncing Bubbles2 өдрийн өмнө
    • I think the secret behind crypto is buying at a lesser very low rate and selling at a higher good rate

      Mike Jones InvestingMike Jones Investing2 өдрийн өмнө
    • Already working with Frederick second week was the only week I had issue, ever since then about six months of trading with it's been profitable and life changing

      Fleck StephanFleck Stephan2 өдрийн өмнө
  • I will never stop recommending LulzSectracknet

    Akshat JaiswalAkshat Jaiswal3 өдрийн өмнө
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