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Bitcoin Transaction Details - Part 1
 
15:47
A look at how a transaction is constructed This video is part of a larger online course, "From Barter to Bitcoin: Society, Technology and the Future of Money" run by Prof. Bill Maurer and Prof. Donald J. Patterson In addition to the video on YouTube there is a variety of other content available to students enrolled in the class. "In 2008, a person calling himself or herself or themselves Satoshi Nakamoto released a paper suggesting a system for an anonymous, peer-to-peer alternative money. Bitcoin was born. Although not the first digital currency ever proposed, nor the first challenger to fiat money, bitcoin is the first to have captured the broad imagination of speculators, coders, regulators, criminals and the mass media. This course puts Bitcoin in context: how do we understand money as a social, political and technological phenomenon? From discussions of ancient transactions to the rise of state-issued currencies, we will explore the social and technical aspects of bitcoin, its predecessors and potential successors, and how its features echo aspects of many different historical transaction systems. No prior knowledge of economics or computing is required. There is little academic writing on bitcoin. And this may be the first truly academic class on the topic. We want to put bitcoin in a wider perspective, to reflect on what it means for society, politics and economics, as well as how it helps us think about money both a social and a technical phenomenon. This class is not an advanced seminar on bitcoin--we will not be delving deeply into the inner workings of the system, but instead providing a bird's-eye overview with enough technical detail for you to be able to put media stories, hype and hope around bitcoin in perspective. Similarly, this is not a class in monetary economics--we won't go too deeply into monetary theory or policy, the money supply, or inflation. Instead the class invites you to think more deeply about one of the oldest systems of technology on the planet, and most ubiquitous: money, whether coin, cash, credit card or cryptocurrency, we humans have been making money for most of the past 10,000 years. How we do so in the future is a question bitcoin just maybe helps us answer."
Views: 31618 djp3
Bitcoin Block Details
 
11:49
A look at the details of a bitcoin blockchain block This video is part of a larger online course, "From Barter to Bitcoin: Society, Technology and the Future of Money" run by Prof. Bill Maurer and Prof. Donald J. Patterson In addition to the video on YouTube there is a variety of other content available to students enrolled in the class. "In 2008, a person calling himself or herself or themselves Satoshi Nakamoto released a paper suggesting a system for an anonymous, peer-to-peer alternative money. Bitcoin was born. Although not the first digital currency ever proposed, nor the first challenger to fiat money, bitcoin is the first to have captured the broad imagination of speculators, coders, regulators, criminals and the mass media. This course puts Bitcoin in context: how do we understand money as a social, political and technological phenomenon? From discussions of ancient transactions to the rise of state-issued currencies, we will explore the social and technical aspects of bitcoin, its predecessors and potential successors, and how its features echo aspects of many different historical transaction systems. No prior knowledge of economics or computing is required. There is little academic writing on bitcoin. And this may be the first truly academic class on the topic. We want to put bitcoin in a wider perspective, to reflect on what it means for society, politics and economics, as well as how it helps us think about money both a social and a technical phenomenon. This class is not an advanced seminar on bitcoin--we will not be delving deeply into the inner workings of the system, but instead providing a bird's-eye overview with enough technical detail for you to be able to put media stories, hype and hope around bitcoin in perspective. Similarly, this is not a class in monetary economics--we won't go too deeply into monetary theory or policy, the money supply, or inflation. Instead the class invites you to think more deeply about one of the oldest systems of technology on the planet, and most ubiquitous: money, whether coin, cash, credit card or cryptocurrency, we humans have been making money for most of the past 10,000 years. How we do so in the future is a question bitcoin just maybe helps us answer."
Views: 3669 djp3
Bitcoin Transaction Details - Part 2
 
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A look at the details of the transactions... it gets a little technical, put on your seatbelts. This video is part of a larger online course, "From Barter to Bitcoin: Society, Technology and the Future of Money" run by Prof. Bill Maurer and Prof. Donald J. Patterson In addition to the video on YouTube there is a variety of other content available to students enrolled in the class. "In 2008, a person calling himself or herself or themselves Satoshi Nakamoto released a paper suggesting a system for an anonymous, peer-to-peer alternative money. Bitcoin was born. Although not the first digital currency ever proposed, nor the first challenger to fiat money, bitcoin is the first to have captured the broad imagination of speculators, coders, regulators, criminals and the mass media. This course puts Bitcoin in context: how do we understand money as a social, political and technological phenomenon? From discussions of ancient transactions to the rise of state-issued currencies, we will explore the social and technical aspects of bitcoin, its predecessors and potential successors, and how its features echo aspects of many different historical transaction systems. No prior knowledge of economics or computing is required. There is little academic writing on bitcoin. And this may be the first truly academic class on the topic. We want to put bitcoin in a wider perspective, to reflect on what it means for society, politics and economics, as well as how it helps us think about money both a social and a technical phenomenon. This class is not an advanced seminar on bitcoin--we will not be delving deeply into the inner workings of the system, but instead providing a bird's-eye overview with enough technical detail for you to be able to put media stories, hype and hope around bitcoin in perspective. Similarly, this is not a class in monetary economics--we won't go too deeply into monetary theory or policy, the money supply, or inflation. Instead the class invites you to think more deeply about one of the oldest systems of technology on the planet, and most ubiquitous: money, whether coin, cash, credit card or cryptocurrency, we humans have been making money for most of the past 10,000 years. How we do so in the future is a question bitcoin just maybe helps us answer."
Views: 12060 djp3
Bitcoin - Transaction block chains
 
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The mechanics of a bitcoin transaction block chain, which is a construct that is generated by bitcoin miners and functions as a global ledger for recording and validating bitcoins. More free lessons at: http://www.khanacademy.org/video?v=QzDO44oZWtE Video by Zulfikar Ramzan. Zulfikar Ramzan is a world-leading expert in computer security and cryptography and is currently the Chief Scientist at Sourcefire. He received his Ph.D. in computer science from MIT.
Views: 206838 Khan Academy
Blockchain - How To Verify A Bitcoin Transaction And Get Your Hash ID
 
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For more tips like these visit http://bodymindsuccess.com/bitcoin or subscribe to our channel
Views: 47023 Crypto Currency Wealth
How Bitcoin Works Under the Hood
 
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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): https://app.pluralsight.com/library/courses/bitcoin-decentralized-technology 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: https://www.youtube.com/watch?v=t5JGQXCTe3c Written version: http://www.imponderablethings.com/2013/07/how-bitcoin-works-under-hood.html 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: http://youtu.be/1aEf3qr7UdE Italian captions translated by Simone Falcini, 1H5KdCnBooxfqpXtyQBBAKKRU7MkCZCVCe
Views: 2600607 CuriousInventor
What is Bitcoin ? | How Bitcoin Work in Details (HINDI) | Bitcoin Future & Bitcoin History
 
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Hey Guys, This video will explain you what is Bitcoin, How to Mine Bitcoin in India to earn free Bitcoins (BTC). Who decide Bitcoin Price, How it goes up & down. How Block Chain is used in Bitcoin Transaction. Bitcoin (BTC) is a form of digital currency, created and held electronically. No one controls it. Queries Solved: 1) What is Bitcoin in Hindi 2) How to Mine Bitcoin 3) Earn Money with Bitcoin Monthly 4) Bitcoin Deep working details 5) Why Bitcoin price is increasing in india 6) How to BUY and SELL Bitcoin 7) Block Chain Working Details 8) Who is Satoshi Nakamoto 9) BITCOIN HIDDEN DETAILS 10) How to invest into Bitcoin Social Links: [FOLLOW] Facebook: https://fb.com/SidTalk/ Twitter: https://twitter.com/Sid_Talk Instagram: https://instagram.com/Sid_Talk/ Google+: https://google.com/+SidTalk PS: Don't forget to SUBSCRIBE SidTalk for more Trusted & Awesome videos.
Views: 259368 SidTalk
Why are Bitcoin Blocks Only Created Every 10 Minutes?
 
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With computing power constantly increasing why are bitcoin blocks still only being created every 10 minutes? COINBASE - https://www.coinbase.com/join/5a39af247b87b90163624cd7 (Get $10 free when you spend $100) What keeps it around the 10 minute mark and will this change in the future? EXCHANGES GDAX - https://gdax.com Binance - https://www.binance.com/?ref=19023635 KuCoin - https://www.kucoin.com/#/?r=7QPc3a
Views: 35 Cloud Money
How transactions are verified in Bitcoin Blockchain - Longest chain rule explained
 
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How transactions are verified in Bitcoin Blockchain - Longest chain rule explained Watch our earlier Blockchain videos Blockchain Simplified: https://www.youtube.com/watch?v=LWAYveDotb0&t=1s Blockchain Technology explained: https://www.youtube.com/watch?v=gVLIentRlIk&t=1s Have you wondered how transaction get approved in a Bitcoin block chain? Why you need to wait for 3 to 6 confirmations for the transactions to appear in your wallet. This video attempts to explain how a Bitcoin transaction is approved and the process behind it. Let’s assume Mr. Gobish transferred Bitcoin worth 100$ from one crypto exchange to another. Once he does the transfer, the transaction message is sent to the network and passed around all the network participants which are also called nodes. This is added to the transaction pool. Currently, the transaction is in an ‘unconfirmed’ state. All the transactions in the transaction pool will be in an unconfirmed status. Now we will understand who is a miner. In simple words, those who validate new transactions and record them on the global ledger of Blockchain are called miners and this activity is called mining. To make it simple, let’s assume there are currently 3 miners who are trying to confirm the transactions from transaction pool including Gobish’s transaction of $ 100. Normally miners will select those transactions which will generate a higher transaction fees for them. Currently, the numbers of confirmed blocks in the Blockchain public ledger is 998. Once the miners identify that the 998th block is a valid block they will try to create a candidate block by adding unconfirmed transactions from the transaction pool. Now these miners are trying to add the 999th block. To add the blocks they have to solve a complex mathematical problem. This is known as Proof of Work (POW). Let’s assume all the 3 miners were able to solve this problem and have Proof of Work. Now we have 3 different candidate blocks, let’s call them 999 A, 999B and 999C Now which of these block will form part of the valid block will depend upon the longest chain rule. Let’s understand what is longest chain rule is. Now there are other miners who are trying to create other valid blocks and based upon the speed by which a block is created others miners will keep on adding their blocks on top of the earlier blocks. Here in this case Minor C had a better processor which was able to create a block faster than the miner A and B and hence new blocks were created on top of the block 999C. Now the longest chain is the one created by 999C and it will be keep on adding other blocks like 1000, 1001 and so on as miner C solved the proof of work before miner A and B. So what happens to the blocks 999A and 999B? They have to create the Proof of Work again with new set of transactions from the transaction base. Each confirmations represent adding each block. Each confirmation will take on an average of around 10 minutes or more per block. Applying the longest chain rule and proof of work, unconfirmed transaction will become a confirmed transaction and added to the Blockchain ledger Once the blocks are added miner will receive a transactions fees and block fees which will be the new Bitcoin created as an incentive for approving the transactions. Block rewards will be reducing every year and in the end only transaction fees will be there as new Bitcoins will not be created. We will get in to more details about mining and the incentives in our subsequent video.
Views: 3938 FINMAESTRO
Blockchain/Bitcoin for beginners 7: Blockchain header: Merkle roots and SPV transaction verification
 
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How are transactions stored (and recorded) in the Blockchain blocks? Using a concept called a Merkle tree - in this video I break it down in depth with a simple example and show how a SPV node (Simple Payment Verification) node that does not keep a full copy of the blockchain transaction history - just the headers of the blocks - can verify from an adjacent (but not necessarily trusted) full node, which block a transaction is part of just from knowing the MERKLE PATH from the full node. http://chimera.labs.oreilly.com/books/1234000001802/ch07.html
Views: 11175 Matt Thomas
What Will Happen When Bitcoin's Block Reward is Halved?
 
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https://techcrunch.com/2016/07/09/the-reward-for-mining-bitcoin-was-just-cut-in-half/ https://www.coindesk.com/bitcoin-halving-2016-what-to-expect-traders-miners/ http://www.bitcoinblockhalf.com/ https://www.coindesk.com/making-sense-bitcoins-halving/ NEW CHANNELS: TechStockHouse: https://www.youtube.com/channel/UC8IzbdgN-IDXlWH0dNdgGag TechCryptoHouse: https://www.youtube.com/channel/UCp7Gqpl9Kqiggr_Rs03X5pA Pledge $1 and BECOME A TECHCASHHOUSE DWELLER TODAY! https://www.patreon.com/techcashhouse THE NEW TWITTER: STOCK POLLS, NEWS, ETC. https://twitter.com/TechCrackHouse_ Buy, sell, what should be done? Keep it tuned right here on the TechCashHouse for news, tips, and the best ways to invest. Please subscribe and like, it helps a lot. I upload more regularly than Hillary checks her email. BECOME A CASHHOUSE DWELLER TODAY! Robinhood Download Links: IOS: https://itunes.apple.com/us/app/robinhood-free-stock-trading/id938003185?mt=8 Android: https://play.google.com/store/apps/details?id=com.robinhood.android&hl=en Robinhood Main-page: https://www.robinhood.com/ Acorns Download Links: IOS: https://itunes.apple.com/us/app/acorns-invest-spare-change/id883324671?mt=8 Android: https://play.google.com/store/apps/details?id=com.acorns.android&hl=en&gl=us Acorns Main-page: https://www.acorns.com/ I AM IN NO WAY A MARKET PROFESSIONAL; USE YOUR OWN JUDGEMENT WHEN PURCHASING STOCKS AND OTHERWISE. I AM NOT RESPONSIBLE FOR AND GAINS OR LOSSES THAT YOU MAY EXPERIENCE. THE MARKET IS INHERENTLY RISKY, AND YOU SHOULD ONLY INVEST WHAT YOU ARE COMPLETELY WILLING TO LOSE.
Blockchain 101 - A Visual Demo
 
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This is a very basic visual introduction to the concepts behind a blockchain. We introduce the idea of an immutable ledger using an interactive web demo. Part 2 is here: https://youtu.be/xIDL_akeras If you are interested in playing with this on your own, it is available online at: http://anders.com/blockchain/ The code that runs this demo is also on GitHub: https://github.com/anders94/blockchain-demo I'm @anders94 on Twitter and @andersbrownworth on Steemit. Donations: BTC: 1K3NvcuZzVTueHW1qhkG2Cm3viRkh2EXJp ETH: 0x84a90e21d9d02e30ddcea56d618aa75ba90331ff ETC: 0xab75ad757c89fa33b92090193a797e6700769ef8
Views: 878738 Anders Brownworth
First Bitcoin transaction
 
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2009-01-03 - first bitcoin BTC transaction (4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b). Block Reward = 50 BTC (newly generated coins). The first bitcoin transaction ever was in block #0. It was the coinbase of the block. Thanks Satoshi Nakamoto ______________________________________________________________ Donate: BTC = 1nyem9UCHdTRkqmcemurrZ1jkD6NyB77k ETH = 0xecab9fb49d8c29ac6d6f7cf3f4f5cfdc2623737d Thank you. Social Networks: ⇓ ⇓ ⇓ ⇓ ⇓ ⇓⇓ ⇓ ⇓ ⇓ ⇓ ⇓⇓ ⇓ ⇓ ⇓ ⇓ ⇓⇓ ⇓ ⇓ ⇓ ⇓ ⇓ ☎ https://www.instagram.com/cryptokom ☎ https://www.facebook.com/profile.php?id=100014080665934 ☎ https://plus.google.com/u/0/116559606117322746518 ☎ https://twitter.com/cryptokom ☎ https://vk.com/id396074641 ☎ https://golos.io/@cryptokom/transfers ☎ https://steemit.com/@cryptokom ================ Tags ==================== #bitcoin #invest #cryptocurrency #trade #money #ICO #startup #millionaire #profit #revenue #0 #first #Block0 #satoshinakamoto #blockchain #20090103 #birthofbitcoin #hash #hashtag
Views: 1365 Crypto Kom
Blockchain/Bitcoin for beginners 6: blocks and mining, content and creation of bitcoin blocks
 
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In this video we introduce the basic concepts behind how new blocks are created in the Bitcoin blockchain. We start by taking another look at the blockchain.info website to see some sample blocks and then to a quick screencast explaining how new, unconfirmed transactions are collected by mining nodes and included in new transaction blocks, whose header needs to be hashed along with a random number to produce an output hash meeting a set requirement. I mention that the requirement is that the generated hash starts with a specified number of leading zeros...this is a slight (and very common) simplification, the reality is that the hash must be LESS than or equal to a specic 256 bit binary number. See here: https://youtu.be/4QxOUwG8a2Y I introduce the concepts of difficulty targets and validation of blocks
Views: 9379 Matt Thomas
What is the Bitcoin Block Height?
 
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What is the "Height" of a transaction in Bitcoin, and why does this matter? What does the height of a block or transaction mean to end users and developers? In this video, shot in West Broward, I answer this question and discuss all things Bitcoin.
Views: 902 Bitcoin Uncensored
The Bitcoin and Blockchain Technology Explained
 
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A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency's block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history. ------------------------------------------------------------------- BUY BITCOIN SAFELY HERE: http://bit.ly/BuyBitcoinNow ------------------------------------------------------------------- REGISTER FOR A COINBASE ACCOUNT: http://bit.ly/CoinbaseBitcoinSignup ------------------------------------------------------------------- Every block contains a hash of the previous block. This has the effect of creating a chain of blocks from the genesis block to the current block. Each block is guaranteed to come after the previous block chronologically because the previous block's hash would otherwise not be known. Each block is also computationally impractical to modify once it has been in the chain for a while because every block after it would also have to be regenerated. These properties are what make double-spending of bitcoins very difficult. The block chain is the main innovation of Bitcoin. Honest generators only build onto a block (by referencing it in blocks they create) if it is the latest block in the longest valid chain. "Length" is calculated as total combined difficulty of that chain, not number of blocks, though this distinction is only important in the context of a few potential attacks. A chain is valid if all of the blocks and transactions within it are valid, and only if it starts with the genesis block. For any block on the chain, there is only one path to the genesis block. Coming from the genesis block, however, there can be forks. One-block forks are created from time to time when two blocks are created just a few seconds apart. When that happens, generating nodes build onto whichever one of the blocks they received first. Whichever block ends up being included in the next block becomes part of the main chain because that chain is longer. More serious forks have occurred after fixing bugs that required backward-incompatible changes. Blocks in shorter chains (or invalid chains) are not used for anything. When the bitcoin client switches to another, longer chain, all valid transactions of the blocks inside the shorter chain are re-added to the pool of queued transactions and will be included in another block. The reward for the blocks on the shorter chain will not be present in the longest chain, so they will be practically lost, which is why a network-enforced 100-block maturation time for generations exists. These blocks on the shorter chains are often called "orphan" blocks. This is because the generation transactions do not have a parent block in the longest chain, so these generation transactions show up as orphan in the listtransactions RPC call. Several pools have misinterpreted these messages and started calling their blocks "orphans". In reality, these blocks have a parent block, and might even have children. Because a block can only reference one previous block, it is impossible for two forked chains to merge. • How do Bitcoin Transactions Work? http://www.coindesk.com/information/how-do-bitcoin-transactions-work/ ------------------------------------------------------------------- DID YOU LIKE THIS VIDEO? ------------------------------------------------------------------- Enjoy this video? Click "Mark as good" and give your "LIKE". Subscribe to our channel and follow our publications. Consider making a small Bitcoin donation to this address: 3C2Ti2wegJDFw1Kp3w71Mtr9bKkhyCz8fa. ------------------------------------------------------------------- BUY BITCOIN SAFELY HERE: http://bit.ly/BuyBitcoinNow ------------------------------------------------------------------- REGISTER FOR A COINBASE ACCOUNT: http://bit.ly/CoinbaseBitcoinSignup ------------------------------------------------------------------- ------------------------------------------------------------------- Video credits ------------------------------------------------------------------- http://www.bitcoinproperly.org/ Tags: BTC Bitcoin Bit coin Altcoin Cryptocurrency Buy Bitcoin Sell Bitcoin Bitcoin trading Bitcoin value Bitcoin wallet Bitcoin blockchain Blockchain Satoshi Nakamoto Digital currency
Views: 386093 Rodrigo Henrik
How to Trace a Bitcoin Transaction using a Bitcoin receiving address
 
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The Crypto Dad shows you how to trace a Bitcoin transaction. Important software used is: Electrum bitcoin wallet: https://electrum.org/#home The Blockchain explorer: https://blockchain.info/ X-Mirage Mirroring Software: http://www.x-mirage.com/ Get the Blockchain Bitcoin Wallet App! https://itunes.apple.com/us/app/blockchain-bitcoin-wallet/id493253309 Donate Bitcoins: 1JBxwXG8P6PYKKsrHKzQduM8s8RoV3dnjr
Views: 8730 Rex Kneisley
Why are Bitcoin transactions so weird? Programmer explains.
 
13:44
When you lookup a Bitcoin transaction in a block explorer it might seem strange and hard to understand. Transactions and unspent transaction output (UTXO) will be explained in this video. You will also get a deeper understanding of how Bitcoin operates under the hood. Let’s meet at BlockShowAsia in Singapore 29-30 November! (https://blockshowasia.com). I’ll be holding a keynote about Bitcoin Scaling and I will also moderate large parts of the event. Use my discount code IVANONTECH35 FB event for the Ivan on Tech meetup: https://www.facebook.com/events/148042682485027/ Thanks for watching guys 💝 🎤 If you would like me to speak at your conference, book me here: https://ivanontech.com 🍻 Join the crypto discussion forum - https://thecrypto.pub 📚 Get my free e-book on Bitcoin and Blockchain - http://eepurl.com/c0hyc9 you will receive the book in your inbox once you sign up 👫👭👬Social: LinkedIn: http://linkedin.com/in/ivanliljeqvist/ Instagram: http://instagram.com/ivanontech/ Steemit: https://steemit.com/@ivanli Facebook: http://facebook.com/ivanontech/ Exclusive email list: http://eepurl.com/c0hyc9 🤑 Buy cryptocurrencies: https://www.coinbase.com/join/529bab0ab08ded7080000019 💰 Secure your Crypto with Hardware Wallets: Ledger: https://www.ledgerwallet.com/r/4607 Trezor: https://trezor.io/?a=rvj3rqtje3ph Ivan on Tech by Ivan Liljeqvist
Views: 9405 Ivan on Tech
How to find the transaction ID in your Blockchain.info Bitcoin wallet
 
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Do you send Bitcoins from your Blockchain.Info wallet? Do you often get asked to send the "Receiver/Recipient" the proof of payment, especially the Hash/Transaction ID..?? In this short video, I show you how to find the transaction ID for a "Send" transaction, from your Blockchain.Info Bitcoin wallet. If you need any more info on Bitcoin, you can comment below, and I'll get back to you. Cheers, Hugh
Views: 26353 Hugh Broodryk
What Are Bitcoin Blocks and Bitcoin Confirmations ?
 
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A short simplified tutorial about Bitcoin blocks and confirmations for newbies. For the full article: http://99bitcoins.com/bitcoin-confirmations/
Views: 9201 Ofir Beigel
Bitcoin Cash Explained ( BTC vs BCH )
 
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Bitcoin Cash was launched in August 2017 and since become Bitcoin’s most popular cryptocurrency that has forked from bitcoin network. The reason of this fork is to increase the block size and process more transaction per second. Bitcoin’s maximum block capacity is 1MB, at this current time allows to process 3-7 transactions per second and implications of congested blocks, means paying high fees. Bitcoin’s cash on other hand maximum block capacity is 8MB witch is allowed to process around 60 transactions per second and fees 99% cheaper than original bitcoin. ================================================== 💰Get a Coinbase Wallet! - https://www.coinbase.com/join/5a4bf25... Sign up! 💰Get a Binance Wallet! - https://www.binance.com/?ref=21867060 Sign up! =================================================== ★ Any donation is highly appreciated. 🔑 BTC Wallet Address: 16EtKHG2rwH2NqA4MniK4JRhzPyv5AeiER 🔑 ETH Wallet Address: 0x1db0fa9a379e46cb205a39a0766e30d3e3d0d11e 🔑 LTC Wallet Address: LRcmBavhskBURqmw1sujV5LS8WUPvfaNj8 =================================================== Monero Cryptocurrency: https://www.youtube.com/watch?v=wPc143lX-M0 Bitcoin vs Gold: https://www.youtube.com/watch?v=yraE-7_xiWU Bitcoin Adoption: https://www.youtube.com/watch?v=MU8F5ihic4Q ==================================================== Thank you so much for watching! ==================================================== Bitcoin Cash | Bitcoin Cash Explained | bitcoin cash vs bitcoin | bitcoin cash cryptocurrency | bitcoin cash 2018 | blockchain | blockchain bitcoin | blockchain bitcoin cash
Views: 7525 Aimstone
Bitcoin Unlimited - First Block Has Been Mined
 
22:58
Bitcoin Unlimited - First Block Has Been Mined =========================================== Mining Pool Bitclub Network Mines Its First Bitcoin Unlimited Block - https://news.bitcoin.com/mining-pool-bitclub-network-mines-first-bitcoin-unlimited-block/ Coin Dance - Bitcoin Block Details - https://coin.dance/blocks Bitcoin Unlimited - Wikipedia - https://en.wikipedia.org/wiki/Bitcoin_Unlimited How Bitcoin Unlimited ( $BTU) will be erased - https://medium.com/@WhalePanda/how-bitcoin-unlimited-btu-will-be-erased-169977ecb3bb#.e85z6rsbn https://www.bitcoinunlimited.info http://btcpowupdate.org - Why Do Some Bitcoin Mining Pools Mine Empty Blocks? - http://archive.is/svTNq#selection-525.0-525.51 Bitmain to Launch a Giant New Bitcoin Mining Center - https://www.cryptocoinsnews.com/bitmain-launch-giant-new-bitcoin-mining-center/
Views: 358 Sonix711
How does a blockchain work - Simply Explained
 
06:00
What is a blockchain and how do they work? I'll explain why blockchains are so special in simple and plain English! 💰 Want to buy Bitcoin or Ethereum? Buy for $100 and get $10 free (through my affiliate link): https://www.coinbase.com/join/59284524822a3d0b19e11134 📚 Sources can be found on my website: https://www.savjee.be/videos/simply-explained/how-does-a-blockchain-work/ 🐦 Follow me on Twitter: https://twitter.com/savjee ✏️ Check out my blog: https://www.savjee.be ✉️ Subscribe to newsletter: https://goo.gl/nueDfz 👍🏻 Like my Facebook page: https://www.facebook.com/savjee
Views: 2018030 Simply Explained - Savjee
How Bitcoin Works in 5 Minutes. (Technical)
 
05:26
How does Bitcoin work? This is a question that often causes confusion. Here's a quick explanation! The basics for a new user As a new user, you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once. Bitcoin Balances - block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography. Transactions - private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining. Processing - mining Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.
Views: 31497 Ledger Wallet
What to Do if Your Bitcoin Transaction Gets "Stuck"...Unconfirmed
 
09:39
What to Do if Your Bitcoin Transaction Gets "Stuck"...Unconfirmed. Accelerate your transaction using the methods in this video. ******************************************************************************* Genesis Mining is the most profitable cloud miner right now. Sign up here to start eaning instantly https://www.genesis-mining.com/a/764158 Save 3% use code R3Hp4J ******************************************************************************* Secure your Cryptocurrency with a Hardware wallet Purchase at Manufacturer Website https://www.ledgerwallet.com/r/8a50 or Purchase on Amazon http://amzn.to/2p8aa5s ******************************************************************************* Sign up for Bitconnect here https://bitconnect.co/?ref=sneakers Earn interest on what you lend. ******************************************************************************* Follow me: https://Twitter.com/sneakgeekz https://Instagram.com/sneakgeekz
Views: 31305 BitcoinEZ
Bitcoin Transaction Fees Explained
 
07:31
What is a Bitcoin transaction fee? Who does it go to? How is it calculated? Why have fees been going up lately? This week I answer all these questions and more. SCALING DEBATE VIDEO: https://www.youtube.com/watch?v=RmGEuriu1u8&t LET'S TALK BITCOIN EPISODE: https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-333-on-consensus-and-all-kinds-of-forks MUSIC: https://www.youtube.com/watch?v=7qGdH4CKnLA TIPS: BITCOIN 1E74VZ8XQDKjEdovgH9tNWcynX1Nc6NTD LITECOIN LSPGEv5qyN7LH9euwouuPbSXUhrvZuSLYP ETHEREUM 0xB16bB3A76208AE22461B99D1048218FAe15E2A45 DASH XceZWrr3nN8jjrHxwxRGDcT461nEnncLxB
Views: 17921 BTC Sessions
Bitcoin Q&A: What happens to transaction fees when the block reward is zero?
 
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Keywords/phrases: Based on the incentives in the network, what happens to fees when the reward for generating new blocks goes to zero? Will miners keep mining? Will the network fees be reasonable? This will gradually happen between now and 2141. Presumable the reliance on the block reward drops while the number of transactions rises. Fees will go up not because it's getting more and more expensive but because you have more and more transactions paying the same fee or less. We know this is going to happen just as we knew the Halvening was going to happen, because bitcoin is a deterministic currency. We don't have to wait for the spokesperson from the Federal Reserve to come out and tell us what our interest rate is. We're getting better at optimisation. If we introduce all the optimisation and scaling things, we can do more than Visa - cheaper. We will manage capacity in a way that isn't fatal, failing to scale (gracefully) for 25 years. This talk took place on September 13th 2016 at the Silicon Valley Bitcoin Meetup in Sunnyvale, California: https://www.meetup.com/Silicon-Valley-Bitcoin-Users/events/232546018/
Views: 10445 aantonop
Analyzing Blockchain and Bitcoin Transaction Data as Graph
 
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Blockchain technology and Bitcoin will potentially revolutionize business transactions. Blockchain offers a robust, decentralized platform for privacy and trust. It underlies the digital crypto-currency Bitcoin, which can be exchanged freely and anonymously, without a central authority. Bitcoin transactions - recorded publicly, provide an invaluable dataset to gain insight into the behavior of digital currency and the underlying Blockchain technology. Blocks, transactions with potential multiple inputs and outputs, and flow of bitcoins between addresses, form a sophisticated real-time graph. This talk details a pipeline used to gather bitcoin transaction data and analyze it with powerful graph cloud database technologies. Zhe Wu is an architect working on semantic and graph technologies in Oracle USA. He leads the design, architecture, and development of the inference engine for W3C RDFS/SKOS/OWL in the database, Java APIs for RDF Semantic Graph, RDF triple-level security, SQL-based graph analytics, Property Graph for RDBMS and Hadoop, and more. As an Oracle representative, he has participated in the W3C OWL 2 working group, RDF working group, and UDDI standard committee. He has served as a member of the program committee for ESWC, OrdRing, ISWC, RR, and OWLED. Zhe has served as co-chair for JIST 2011 and he has served on the editorial board of SWJ 2010. He has been invited to attend Japan-America Frontiers of Engineering (JAFOE 2011). Zhe has publications in ISWC, WWW, AAAI, VLDB, ICDE, JCST, CP, ICTAI, ASAP, and more. He has over fifteen US/International patents granted. Zhe received his PhD in computer science from the University of Illinois at Urbana-Champaign in 2001. He received his BE from the Special Class for Gifted Young, USTC in 1996. https://developer.oracle.com/ https://cloud.oracle.com/en_US/tryit
Views: 599 Oracle Developers
Ever wonder how Bitcoin (and other cryptocurrencies) actually work?
 
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Bitcoin explained from the viewpoint of inventing your own cryptocurrency. Videos like these made possible by patreon: https://patreon.com/3blue1brown Protocol Labs: https://protocol.ai/ Interested in contributing? https://protocol.ai/join/ Special thanks to the following patrons: http://3b1b.co/btc-thanks Some people have asked if this channel accepts contributions in cryptocurrency form as an alternative to Patreon. As you might guess, the answer is yes :). Here are the relevant addresses: ETH: 0x88Fd7a2e9e0E616a5610B8BE5d5090DC6Bd55c25 BTC: 1DV4dhXEVhGELmDnRppADyMcyZgGHnCNJ BCH: qrr82t07zzq5uqgek422s8wwf953jj25c53lqctlnw LTC: LNPY2HEWv8igGckwKrYPbh9yD28XH3sm32 Supplement video: https://youtu.be/S9JGmA5_unY Music by Vincent Rubinetti: 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 Video by Anders Brownworth: https://youtu.be/_160oMzblY8 Ethereum white paper: https://goo.gl/XXZddT Music by Vince Rubinetti: https://vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown ------------------ 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 Various social media stuffs: Website: https://www.3blue1brown.com Twitter: https://twitter.com/3Blue1Brown Patreon: https://patreon.com/3blue1brown Facebook: https://www.facebook.com/3blue1brown Reddit: https://www.reddit.com/r/3Blue1Brown
Views: 2173123 3Blue1Brown
What Are Bitcoin Blocks and Bitcoin Confirmations ?
 
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A short simplified tutorial about Bitcoin blocks and confirmations for newbies. For the full article: http://99bitcoins.com/bitcoin-confirmations/
Views: 5658 99Bitcoins
Bitcoin Q&A: Genesis block and coinbase transactions
 
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How were the first bitcoins created? Who was mining in those early days? What is a coinbase transaction and how do miners integrate it within each block? Genesis block code: https://github.com/bitcoinbook/bitcoinbook/blob/4bad0fb922c26c9088402aefe95cbf4276f2e334/code/satoshi-words.cpp More on coinbase transactions: https://github.com/bitcoinbook/bitcoinbook/blob/f8b883dcd4e3d1b9adf40fed59b7e898fbd9241f/ch06.asciidoc Note: "Coinbase" transactions should not be confused with the centralised California-based exchange, Coinbase Inc. These questions are from the MOOC 9.2 session, which took place on February 23rd 2018. Andreas is a teaching fellow with the University of Nicosia. The first course in their Master of Science in Digital Currency degree, DFIN-511: Introduction to Digital Currencies, is offered for free as an open enrollment MOOC course to anyone interested in learning about the fundamental principles. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop RELATED: Consensus Algorithms, Blockchain Technology, and Bitcoin - https://youtu.be/fw3WkySh_Ho Advanced Bitcoin Scripting Part 1: Transactions and Multisig - https://youtu.be/8FeAXjkmDcQ What is Consensus: Rules without Rulers - https://youtu.be/2tqo7PX5Pyc Forkology: A Study of Forks for Newbies - https://youtu.be/rpeceXY1QBM Bitcoin: Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0 Who is Satoshi Nakamoto? - https://youtu.be/1iEv-gUZNx4 Software distribution security - https://youtu.be/_V0vqy046YM What is mining? - https://youtu.be/t4p4iMqmxbQ Miners, pools, and consensus - https://youtu.be/JHz7LM4ncLw The mining process - https://youtu.be/L4Xtau0YMJw Nonces, mining, and quantum computing - https://youtu.be/d4xXJh677J0 The rules of Bitcoin (part 1) - https://youtu.be/VnQu4uylfOs The rules of Bitcoin (part 2) - https://youtu.be/vtIp0GP4w1E Rules versus rulers - https://youtu.be/9EEluhC9SxE The value of proof-of-work - https://youtu.be/ZDGliHwstM8 Could a state-sponsored 51% attack work? - https://youtu.be/KUd8ZGgm6Qo Honest nodes and consensus - https://youtu.be/KAhY2ymI-tg Spam transactions and Child Pays For Parent (CPFP) - https://youtu.be/t3c0E4fkSNs Is Bitcoin a democracy? - https://youtu.be/TC3Hq76UT5g Decentralized power, leaderless governance - https://youtu.be/E5VbDlQTPzU Scaling, trust, and trade-offs - https://youtu.be/vCxmHwqyJWU What is the role of nodes? - https://youtu.be/fNk7nYxTOyQ Why running a node is important - https://youtu.be/oX0Yrv-6jVs Lightning, full nodes, and miners - https://youtu.be/dlJG4OHdJzs Running nodes and payment channels - https://youtu.be/ndcfBfE_yoY What happens during a fork? - https://youtu.be/XBk8hBJ1xVo SegWit adoption - https://youtu.be/KCsTVTRk6I4 Spam transactions and Child Pays For Parent (CPFP) - https://youtu.be/t3c0E4fkSNs Energy consumption - https://youtu.be/2T0OUIW89II Solar energy and mining in space - https://youtu.be/cusakcpa8AM Bitmain and ASICBoost allegations - https://youtu.be/t6jJDD2Aj8k Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8 [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8 MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042 [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 Subscribe to the channel to learn more about Bitcoin & open blockchains! Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Views: 6373 aantonop
Bitcoin transaction demo
 
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Bitcoin transaction demo
Views: 3027 luke millard
Bitcoin Explained Lab 1: Block Chain Explorer
 
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In this lab we will look at the block chain real time. We will look at the genesis block, the first bitcoin block ever mined on the network and we will see what the transactions in the block look like GET STARTED WITH CRYPTOCURRENCIES TODAY Sign up for a Coinbase account to buy your first Bitcoin: https://www.coinbase.com/join/5952ad71825c8204b8e9dc24 ++++++++++++++++++++++++++++++++++++++++++++++++++++++ Download my Step by Step guide to cryptocurrency Trading http://www.blockoffame.com/a-beginners-step-by-step-guide ++++++++++++++++++++++++++++++++++++++++++++++++++++++ SIGN UP to the Binance cryptocurrency exchange for trading altcoins (xrp, xlm, ada, omg etc) http://www.binance.com/?ref=11366788 ++++++++++++++++++++++++++++++++++++++++++++++++++++++
Views: 1391 On1 Productions
Who Pays the Bitcoin Mining Reward?
 
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One of the students of the Blockchain and Bitcoin Fundamentals course asks "Who pays the bitcoin mining reward that gets paid out to the miners whenever they mine a new block for the Bitcoin blockchain?" In this video, I answer her question and I share with you the process of how new bitcoins are created. Sign up to receive George Levy's FREE email newsletter and a video email course on blockchain, Bitcoin and cryptocurrency ($47 Value yours free) at: https://GeorgeLevy.com/Free Find out more about the Blockchain and Bitcoin Fundamentals course at: http://BlockchainandBitcoinFundamentals.com For more information on the Blockchain Institute of Technology, visit https://BlockchainInstituteofTechnology.com Special offer for George Levy channel viewers, open a new Bitcoin wallet for Free and get $10 bonus in Bitcoin at: https://blockchaininformer.com/btcwallet
Views: 9511 George Levy
Mining Bitcoin with pencil and paper
 
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Bitcoins are mined using a cryptographic algorithm called SHA-256. This algorithm is simple enough to be done with pencil and paper, as I show in this video. Not surprisingly, this is a thoroughly impractical way to mine. One round of the algorithm takes 16 minutes, 45 seconds which works out to a hash rate of 0.67 hashes per day. For details, see http://righto.com/sha
Views: 1173272 Ken Shirriff
Blockchain Tutorial | Blockchain Technology | Blockchain Explained | Blockchain Training | Edureka
 
01:16:43
( Blockchain Training : https://www.edureka.co/blockchain-training ) This Edureka Blockchain Tutorial video will give you a complete fundamental understanding regrading Blockchain and Bitcoin. This video helps you to learn following topics: 1. Issues With The Current Banking System. 2. How Bitcoin Can Help Overcome These Issues? 3. Bitcoin Transaction 4. Blockchain To The Rescue 5. Blockchain Concepts 6. Blockchain Features 7. Blockchain Use Case 8. Demo: Banking Use Case Subscribe to our channel to get video updates. Hit the subscribe button above. Facebook: https://www.facebook.com/edurekaIN/ Twitter: https://twitter.com/edurekain LinkedIn: https://www.linkedin.com/company/edureka #Blockchain #Blockchaintutorial #Blockchainonlinetraining #Blockchainforbeginners How it Works? 1. This is a 4 Week Instructor led Online Course, 20 hours of assignment and 20 hours of project work 2. We have a 24x7 One-on-One LIVE Technical Support to help you with any problems you might face or any clarifications you may require during the course. 3. At the end of the training you will be working on a real time project for which we will provide you a Grade and a Verifiable Certificate! - - - - - - - - - - - - - - - - - About the Course Edureka's Blockchain Course is designed to introduce you to the concept of Blockchain and explain the fundamentals of blockchain and bitcoin. Blockchain course will provide an overview of the structure and mechanism of blockchain. As a beginner, you will be learning the importance of consensus in transactions, how transactions are stored on blockchain, history of bitcoin and how to use bitcoin. Furthermore, you will be taught about the Ethereum platform and its programming language. You will setup your own private blockchain environment using Ethereum. Also, you will develop a smart contract on private Ethereum blockchain and will be deploying the contract from web and console. The course is fed with various use-cases and examples, which makes the learning more interesting. After completing this Course, you should be able to: 1. Comprehend the cryptography and cryptocurrency concepts 2. Encompass the concept of blockchain 3. Understand the importance of blockchain technology 4. Have a deep insight into bitcoin and its network 5. Perceive, how bitcoin transactions are validated by miners 6. Create and use bitcoin account effectively 7. Understand Ethereum blockchain 8. Learn Solidity: Prominent language to develop smart contracts 9. Deploy your private blockchain on web where you can visually see your chains 10. Send transactions between nodes 11. Develop more than one nodes on same blockchain 12. Making your own cryptocurrency 13. Discuss the compelling use-cases of the blockchain 14. Interpret the prospects of blockchain. 15. Assess, how blockchain can improve your business standards. ----------------------------------- Who should go for this course? Anyone having basic programming knowledge and has a zeal to learn new technology can take up the course. Students and professionals aspiring to make a career in the Blockchain technology should opt for the course. ----------------------------------- Why learn Blockchain? Blockchain is a revolutionary technology. It is an ordered back linked-list data structure of blocks of transactions stored in a decentralized peer- to-peer network. It is the underlying infrastructure for bitcoin, a popular cryptocurrency. In near future, many companies will be adopting blockchain technologies for trading publicly. Apart from bitcoin, it can be used for a wide variety of applications such as tracking ownership, digital assets, physical assets, or voting rights. It can also store and run computer code called ‘smart contracts’. However, blockchain is still new and the communities are still exploring the best ways in which it can be used. For more information, please write back to us at sales@edureka.co Call us at US: 1800 275 9730(toll free) or India: +91 88808 62004
Views: 304384 edureka!
Tracking Bitcoin Transactions on the Blockchain - SANS DFIR Summit 2017
 
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Bitcoins are a commonly-used currency among cyber criminals for exchanging goods and services and receiving payments from ransomware. While cryptocurrency claims to promote anonymity, the nature of the blockchain’s public ledger means that criminal activities can be traced and correlated. This presentation will cover a brief high-level overview of how transactions on the blockchain work and will focus on how to apply this knowledge in order to both manually and automatically map out transactions, associate bitcoin addresses, and identify potential cybercriminal-owned bitcoin wallets with the goal of providing context to the scale and duration of a campaign impacting your enterprise. Examples will include identifying a Locky affiliate’s infrastructure, attributing the Shark/Atom ransomware, and identifying “bitcoin exchanges” on the blockchain. Kevin Perlow, Associate, Booz Allen Hamilton
What is Bitcoin Mining?
 
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For more information: https://www.bitcoinmining.com and https://www.weusecoins.com What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? This short video is an animated introduction to Bitcoin Mining. Credits: Voice - Chris Rice (www.ricevoice.com) Motion Graphics - Fabian Rühle (www.fabianruehle.de) Music/Sound Design - Christian Barth (www.akkord-arbeiter.de) Andrew Mottl (www.andrewmottl.com)
Views: 6547094 BitcoinMiningCom
Bitcoin Transaction Malleability Theory in Practice
 
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By Daniel Chechik, Ben Hayak, and Orit Kravitz Chechik A mysterious vulnerability from 2011 almost made the Bitcoin network collapse. Silk Road, MTGox, and potentially many more trading websites claim to be prone to "Transaction Malleability." We will shed some light and show in practice how to exploit this vulnerability.
Views: 1572 Black Hat
What is a Bitcoin Transaction?
 
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In this video I explain what a Bitcoin transaction is, what the contents of a Bitcoin transaction are and I present an example of sending and receiving bitcoins. Featuring content a sample lesson taken from the Bitcoin Advanced Level: Transactions course from Blockchain Institute of Technology (https://BlockchainInstituteofTechnology.com) at: https://courses.blockchaininstituteoftechnology.com/courses/bitcoin-advanced-transactions Sign up to receive George Levy's FREE email newsletter and a video email course on blockchain, Bitcoin and cryptocurrency ($47 Value yours free) at: https://GeorgeLevy.com/Free Special offer for George Levy channel viewers, open your own Bitcoin wallet for Free and get $10 bonus in Bitcoin: https://blockchaininformer.com/btcwallet
Views: 1945 George Levy
Bitcoin Block Reward Halving Explained by 3 Experts - Trace Mayer, Max Wright & Dave Scotese
 
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Learn More about Bitcoin & Get our Free Report & Documentary: http://CrushTheStreet.com/Bitcoin TOPICS IN THIS ROUNDTABLE: 02:00 What is the block reward halving? Supply & Price 04:30 Bitcoin vs Consumable Commodities 07:45 New All-Time High Bitcoin Price by End of 2016 10:00 Is Bitcoin Free from Government Controls & Surveillance? 12:40 Bitcoin Updates: Segregated Witness & the Lightning Network 13:50 Bitcoin's Anonymity; Can the Government Shut it Down? 17:45 Bitcoin's price if Mainstream & threat to financial system 23:00 Central Bank's Gold Price Suppression Scheme 26:10 Bitcoin will Overhaul World Monetary system 29:00 Current World Financial system is a Ponzi Scheme 32:10 What the Block Reward Halving really means for Bitcoin 33:20 Price Rise to Happen AFTER the halving due to Less Supply 35:30 Bitcoin's to represent 1/12.5th of reward for securing bitcoin network 39:00 Demand mechanics of bitcoin stated by Trace Mayer 40:10 Speculative vs Transactional Demand & Price Elasticity 44:00 Transaction Fees & Transaction Quantity in a Block GUEST 1: Trace Mayer http://Bitcoin.kn GUEST 2: Max Wright http://SuccessCouncil.com GUEST 3: Dave Scotese http://litmocracy.blogspot.com
Views: 4650 FutureMoneyTrends.com
Blockchain for Dummies - Part 2 - Bitcoin transactions
 
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Hi All, In this short video, we will give you a conceptual understanding of how bitcoin transactions work and why Bitcoin can be considered a valid payment system. In future videos, we will look into smart-contract and other blockchain applications before going deeper into the more technical details. (e.g. how are blocks created, where do bitcoins come from, etc.) Stay tuned for more. Learn everything in one book: https://goo.gl/mXwxNE Social media links: Facebook: https://goo.gl/RKz9Vh Twitter: https://goo.gl/6bkofK LinkedIn: https://goo.gl/qR5jTG Instagram: https://goo.gl/mZLUoy
Views: 48336 jeanlucverhelst
Blockchain tutorial 26: Bitcoin transaction
 
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This is part 26 of the Blockchain tutorial explaining how to make a bitcoin transaction. A real demonstration is given how to make a bitcoin transaction on the Bitcoin Testnet. This tutorial shows the following: - How to create multiple public and private bitcoin Testnet key pairs. - How to claim some bitcoins from a faucet and transfer it to a sender address. - How to make a bitcoin transaction by transferring all bitcoins from a sender address to receiver address. This tutorial also explains: - What UTXO (Unspent Transaction Output) is. - What a confirmation is. In this video series different topics will be explained which will help you to understand blockchain. Bitcoin released as open source software in 2009 is a cryptocurrency invented by Satoshi Nakamoto (unidentified person or group of persons). After the introduction of Bitcoin many Bitcoin alternatives were created. These alternate cryptocurrencies are called Altcoins (Litecoin, Dodgecoin etc). Bitcoin's underlying technology is called Blockchain. The Blockchain is a distributed decentralized incorruptible database (ledger) that records blocks of digital information. Each block contains a timestamp and a link to a previous block. Soon people realises that there many other use cases where the Blockchain technology can be applied and not just as a cryptocurrency application. New Blockchain platforms were created based on the Blockchain technology, one of which is called Ethereum. Ethereum focuses on running programming code, called smart contracts, on any decentralized application. Using the new Blockchain platforms, Blockchain technology can be used in supply chain management, healthcare, real estate, identity management, voting, internet of things, etcetera, just to name a few. Today there is a growing interest in Blockchain not only in the financial sector but also in other sectors. Explaining how Blockchain works is not easy and for many the Blockchain technology remains an elusive concept. This video series tries to explain Blockchain to a large audience but from the bottom up. Keywords often used in Blockchain conversation will be explained. Each Blockchain video is short and to the point. It is recommended to watch each video sequentially as I may refer to certain Blockchain topics explained earlier. Check out all my other Blockchain tutorial videos https://goo.gl/aMTFHU Subscribe to my YouTube channel https://goo.gl/61NFzK The presentation used in this video tutorial can be found at: http://www.mobilefish.com/developer/blockchain/blockchain_quickguide_tutorial.html The 3 bitcoin node.js scripts can be found at: http://www.mobilefish.com/developer/nodejs/nodejs_quickguide_bitcoinjs.html The Bitcoin faucet used in this video is: https://testnet.coinfaucet.eu/en/ The Bitcoin Testnet explorer used in this video is: https://live.blockcypher.com/btc-testnet/ #mobilefish #blockchain #bitcoin #cryptocurrency #ethereum
Views: 4515 Mobilefish.com
Constructing a Bitcoin transaction using python  - 1/5
 
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This video is for people who wants to use (almost) raw python code to Constructing a Bitcoin transaction. If you loved this video, show me the love! BTC address: 1LxhkGzGu6q2LSfAGuH2DNBChmLhHkuQzP In the previous videos I've explained how to connect to the bitcoin network, as well as how to use private and public keys. I suggest that you'll check out these videos: https://www.youtube.com/playlist?list=PLH4m2oS2ratfeNpZAoVwPlQqEr3HgNu7S In this video I'm using the external libraries: ecdsa and base58 You can see the complete code on github: https://github.com/Shultzi/Mybitcoin My blog: http://zeltsinger.com/ Some recommended links: Bitcoinbook - https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch02.asciidoc#transaction-aggregating Hen Shirriff's blog -http://www.righto.com/2014/02/bitcoins-hard-way-using-raw-bitcoin.html The royal fork - http://royalforkblog.github.io/ wiki - https://en.bitcoin.it/wiki/Transaction https://en.bitcoin.it/wiki/Script bitcoin.org Developer documentation -https://bitcoin.org/en/developer-documentation
Views: 5858 Shlomi Zeltsinger
3 Takeaways from All-Time Bitcoin Traffic
 
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The bitcoin network has been running nonstop for nearly a decade, giving it the indisputable title of Oldest Living Blockchain. In this video, we glean three interesting observations from a chart of the network's all-time transaction load. * Block size graph: https://www.blockchain.com/charts/avg-block-size?timespan=all * Segwit adoption graph: https://transactionfee.info/charts/payments/segwit --- This episode is sponsored by Americas Cardroom, the most trusted online poker site. Fund your account AND claim your winnings using your favorite cryptocurrency!   Make your first deposit using bonus code CHRONOS to get 100% bonus + up to $50 cash.   US players welcome! Play TODAY: http://ow.ly/NEzd30guKzU --- About the show: One Minute Crypto is among the fastest-paced bitcoin shows in the universe. We cover everything on blockchain technology: walkthroughs, tutorials, news, and more. Check us out at http://oneminutecrypto.com. Music: http://bensound.com
Views: 302 Chronos Crypto
What is a Bitcoin confirmation?
 
02:59
What exactly is 'confirmed' by Bitcoin? Why do transaction confirmations matter, and how does that relate to block confirmations? In This video shot on West Oakland Park Blvd in Broward County Florida, I address this question, and discuss issues relating to the Bitcoin blockchain ledger and Counterparty.
Views: 4233 Bitcoin Uncensored
Blockchain 101 Ep 15 - How do Bitcoin transactions work
 
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We all have individual bank accounts, facilitating the transfer of money between individuals. Similarly, a Bitcoin transaction is the transfer of Bitcoins from one Bitcoin address to another Bitcoin address. If you want to send Bitcoin to someone else, you’ll need to enter your Bitcoin address, receiver’s address, amount and transaction fee details in your Bitcoin exchange, wallet or your client interface. Once the details are confirmed, the information will be announced and shared within the Bitcoin network. Every 10 minutes, miners will collect and process all the pending transactions into a new block, marking the completion of one confirmation. Till this point, the Bitcoin has already arrived in the receiver’s address. Nowadays, it takes more than six confirmations to make sure the transaction is valid and considered to be complete. Watch the video here! Huobi Pro will post a question in our Tweet via our Twitter account (https://twitter.com/Huobi_Pro) each time we put up an episode of Blockchain 101 post on our Twitter account, we will randomly select 20 people who answered in the format [UIDxxxxxxxx, correct answer] and retweet our post will be entitled to 1 HT each. Note that the UID entered MUST be a valid Huobi registered account. What are you waiting for? Fastest fingers first! Grab your HT now!
Views: 1247 Huobi Global
Cryptocurrencies: Last Week Tonight with John Oliver (HBO)
 
25:21
Digital currencies are generating a lot of excitement. John Oliver enlists Keegan-Michael Key to get potential investors equally excited about the concept of caution. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 8323867 LastWeekTonight
Today in Bitcoin (2017-08-08) - Bitcoin $3500, Segwit Lock-in & Bitcoin Russia
 
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Donate Bitcoin: 1NX6ijFGErktMGNYUHayD5iHDcZSFHdAwe Be a Patreon: https://www.patreon.com/madbitcoins Bitcoin Blockchain statistics - XBT.eu https://www.xbt.eu/ ‎3401.25 USD / BTC - Average United States Dollar Bitcoin Price https://bitcoinaverage.com/en/bitcoin-price/btc-to-usd Bitcoin Cash (BCC) statistics - Price, Blocks Count, Difficulty, Hashrate, Value https://bitinfocharts.com/bitcoin%20cash/ Coin Dance | Bitcoin Cash Block Details https://cash.coin.dance/blocks SegWit's Likely Lock-In: What Today's Milestone Means for Bitcoin - CoinDesk https://www.coindesk.com/segwits-likely-lock-todays-milestone-means-bitcoin/ Dear Bitcoin: I’m Sorry, Fees Will Rise – Rusty Russell – Medium https://medium.com/@rusty_lightning/dear-bitcoin-im-sorry-fees-will-rise-b002b1449054 Mad ₿itcoins on Twitter: "Story about #Bitcoin and Russia on Maddow. Pretty cool to be watching and suddenly see a Bitcoin logo." https://twitter.com/MadBitcoins/status/894742513390559233 Max Keiser on Twitter: "Starts at 35:40 https://t.co/KIBiBsH9u6 https://t.co/pmUCU9CP4V" https://twitter.com/maxkeiser/status/894743759744753664 'Crypto-currency' may help Russian oligarchs beat sanctions | MSNBC http://www.msnbc.com/rachel-maddow/watch/-crypto-currency-may-help-russian-oligarchs-beat-sanctions-1019606595624 Putin's Aide Seeks $100 Million to Rival China in Bitcoin Mining - Bloomberg https://www.bloomberg.com/news/articles/2017-08-08/putin-s-aide-seeks-100-million-to-rival-china-in-bitcoin-mining Get ProTip Ready - Support the Show! http://protip.is/ Follow MadBitcoins on Twitter: https://twitter.com/MadBitcoins Watch more at http://WorldCryptoNetwork.com/
Views: 10186 World Crypto Network
USI TECH BITCOIN FOR DUMMIES
 
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Welcome to bitcoin for dummies, Join free USI TECH here : http://www.diggan4bitcoin.com/ Bitcoin is Now More Valuable Than Gold Bitcoin as a digital currency that can be used to complete a transaction between two parties without involving a middleman. In other words, it enables direct, private transactions between users, with virtually no transaction costs; something it can accomplish because it is powered by blockchain technology. Blockchain is a decentralized and distributed ledger that can be accessed by many different parties simultaneously. When a transaction is completed, it is recorded on a "block." When a block's memory is full, it is added to the end of the blockchain, always in successive order. It then becomes part of the permanent database of transactions of the blockchain. For the purposes of bitcoin, the blockchain records transaction details, like the amount and time, but not personal details of the parties involved. The blockchain is monitored by computers connected to the network called nodes. A node receives a downloaded copy of the blockchain upon joining the network. When a new transaction is recorded, each node is able to independently record and verify it. Once information is recorded in a block, it cannot be altered unless the entire network agrees to the change. Where to buy bitcoin. One of the most popular is through a bitcoin wallet, a digital wallet used exclusively for bitcoins. The most popular of these bitcoin wallets is probably Coinbase, which lets users link an existing bank account to deposit and withdraw funds for the purpose of purchasing and selling bitcoins. Where to buy bitcoin. https://www.coinbase.com/join/555501a562dc8bfa6c00011c Given the amazing returns the cryptocurrency market has seen this year, it would also probably be wise to buy now because prices will not continue to stay every day there going up. USI TECH - Is a software company that develops high end software based products for use in the financial, money and currency market and further operates block-chain based server farms for mining established and recognized tradable informational units known as (Bitcoins) Join USI TECH automated bitcoin trading platform free earn 1 % btc daily : http://www.diggan4bitcoin.com/
Views: 758 Todd Diggan