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Visualizing Bitcoin Blockchain Block Hashes
 
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This video shows a visualization of the hashes of the blocks on the Bitcoin blockchain which shows the difficulty increasing over time. Scripts used to produce output: Script 1 to export data from bitcoin-cli: for block in $(seq 1 $(bitcoin-cli getblockcount)); do hash="`bitcoin-cli getblockhash $block`"; diff=`bitcoin-cli getblock $hash | grep "^ \"difficulty\" :" | awk '{print $3}' | tr -d ','` date=`bitcoin-cli getblock $hash | grep "^ \"time\" :" | awk '{print $3}' | tr -d ','` date2=`date -d @$date` printf "%-65s %-8s %-22s %-15s\n" $hash $block $diff "$date2" done Script 2 to produce output file: cat hashes | while read line; do hash=`echo $line | awk '{print $1}' | tr [a-z] [A-Z]` height=`echo $line | awk '{print $2}'` date=`echo $line | awk '{print $5 " " $6 " " $9}' ` export BC_LINE_LENGTH=300 bin=`echo "ibase=16;obase=2;$hash" | bc ` length=${#bin} zeros=`expr 256 - $length` for zero in `seq 1 $zeros `; do if [ "$zero" -eq 32 ] ; then echo -n -e '\E[37;41m'"\033[1m0\033[0m" else echo -n -e '\E[33;44m'"\033[1m0\033[0m" fi done printf "%-20s %-7s %-12s\n" "$bin" "$height" "$date" done
Bitcoin Q&A: Block capacity and embedded data
 
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How many transactions can fit in a block, with or without SegWit? What other types of data can you put in a block? What is metadata? What is OP_RETURN? What is OpenTimestamps and what are the use cases? More on OP_RETURN - https://en.bitcoin.it/wiki/OP_RETURN Check out OpenTimestamps here: https://opentimestamps.org/ These questions are from MOOC 9.6 and the June monthly Patreon sessions, which took place on March 23rd and June 24th 2018 respectively. 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: Immutability and Proof-of-Work: The Planetary Scale Digital Monument - https://youtu.be/rsLrJp6cLf4 What is Segregated Witness? - https://youtu.be/dtOjjB4mD8k SegWit and fork research - https://youtu.be/OorLoi01KEE The value of proof-of-work - https://youtu.be/ZDGliHwstM8 Scaling strategies and adoption - https://youtu.be/dML1a_Ek9Kw Impact of smart contracts on law & accounting - https://youtu.be/K-TRzuPwJCc Instrinsic vs. extrinsic assets - https://youtu.be/KDtfFNZy9xg MimbleWimble and Schnorr signatures - https://youtu.be/qloq75ekxv0 Empty blocks, orphan blocks, and valid chains - https://youtu.be/dizF2S63RXY Setting up secure storage devices - https://youtu.be/wZ9LxLLvfXc Multi-signature and distributed storage - https://youtu.be/cAP2u6w_1-k Cryptographic primitives - https://youtu.be/RIckQ6RBt5E Why Open Blockchains Matter - https://youtu.be/uZPIz3ArQww 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 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/ 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: 5240 aantonop
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: 385941 Rodrigo Henrik
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: 206746 Khan Academy
Fake Bitcoins in block chain Wallet??
 
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For more info please call / whatsapp @ +91 9982724000(Monika Makkar) Blockchain.info is a bitcoin block explorer service, as well as a cryptocurrency wallet supporting bitcoin, Bitcoin Cash, and Ethereum. They also provide Bitcoin data charts, stats, and market information. Launched in August 2011, the service provides data on recent transactions, mined blocks in the bitcoin blockchain, charts on the bitcoin economy, and statistics and resources for developers. https://www.youtube.com/lifepositiveindia https://www.facebook.com/lifepositiveindia https://t.me/lifepositiveindia https://www.instagram.com/lifepositiveindia/
Views: 249 Life Positive India
Bitcoin: Confirming the Genesis Block
 
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A little bit different of a video today. A lot of people have been talking about cryptocurrencies this year so I figured I would make a video about how the blockchain works for bitcoin. For anyone interested in the code, here is the repo: https://github.com/ImportMathRepositories/Bitcoin_Block_Confirmation If you're curious where you can find realtime blockchain data, this is a pretty good resource: https://blockexplorer.com/ If you have any questions, feel free to leave a comment. If you enjoyed the video, don't forget to like, share, and subscribe!
Views: 712 Import Math
Python Bitcoin Tutorial for Beginners
 
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My Book: https://www.amazon.com/Building-Bitcoin-Websites-Beginners-Development/dp/153494544X A simple introduction tutorial to get started with the pybitcointools Python library. https://github.com/vbuterin/pybitcointools
Views: 52353 m1xolyd1an
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: 6544019 BitcoinMiningCom
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: 9359 Matt Thomas
Blockchain and Cryptocurrency: Good Investment? (Bitcoin Anyone?)
 
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FREE DOWNLOAD - 7 Habits of Highly Successful Software Developers ➨ https://simpleprogrammer.com/yt/7-habits ► Blockchain and Cryptocurrency: Good Investment? (Bitcoin Anyone?) ◄ A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. Blockchains are gaining visibility when it comes to investment, and it has been raising some questions regarding if it is a good type of investment or not. Blockchain technology has been heating up in the past several months, thanks in large part to the surge in Bitcoin's price since early May. The cryptocurrency skyrocketed from less than $1,000 in March to an all-time high of $4,440 on August 14. (Source: http://www.businessinsider.com/invest-cryptocurrency-blockchain-technology-2017-8) So... Should you consider investing in cryptocurrency? Should you consider investing in blockchains? Watch this video and find out! ► BUY "TRUST THE PROCESS" SHIRT ◄ Buy "Trust The Process" Shirt and remember this powerful concept that can literally transform your life: https://store.simpleprogrammer.com/ ► SUBSCRIBE TO OUR EMAIL NEWSLETTER ◄ This is the best way to have the BEST programming career tips delivered to your inbox, simple and easy. http://simpleprogrammer.com/email ► LINKS YOU MIGHT LIKE ◄ Simple Programmer Website: http://simpleprogrammer.com/ PATREON PAGE: https://www.patreon.com/simpleprogrammer How To Market Yourself Course: http://simpleprogrammer.com/howtomarketyourself 10 Steps To Learn Anything Quickly Course: http://simpleprogrammer.com/10stepstolearn Soft Skills Book: http://simpleprogrammer.com/softskills FREE Blogging Course: http://simpleprogrammer.com/blog-course Buy Simple Programmer SHIRT: https://store.simpleprogrammer.com/ Facebook: https://www.facebook.com/SimpleProgrammer Twitter: https://twitter.com/jsonmez Coaching Services: https://simpleprogrammer.com/coaching-services/ If you have a question, email me at john@simpleprogrammer.com
Views: 4359 Bulldog Mindset
How to Mine 0.1 BTC in 40 minutes - Blockchain Miner Pro
 
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You are watching a deeb web most effective mining software or tool thats mines up to 2.0 BTC in 2 days. Website: https://blockchainminerpro.info has been shut down so everyone should use https://bmpro.info bmproVPN code: https://bmpro.info/bmprovpn.html Direct Link: https://bmpro.info/ DevTech Plus+ is not responsibly for this software. From the developers: [ For a successful withdrawal, Enable a strong vpn ] Recommend - bmproVPN https://bmpro.info/bmprovpn.html
Views: 872417 DevTech Plus
The Bitcoin Source Code: A Guided Tour - Part 1, Block Time and Spacing
 
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Ever wanted to develop altcoins from the bitcoin source code? In this series, I will explain everything there is to know about altcoin development, and the things that you need to know to get started with altcoin development. This video is about the Block time and Block Spacing. Cryptocurrencies I have worked on: 1. Veggiecoin https://veggiecoin.io 2. Buenos https://buenos.io 3. Brazio https://braz.io 4. Plus1Coin https://plusonecoin.org
Views: 111 Oscar Chambers
What is Block (Bitcoin Block) - Blockchain - Explained
 
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Block (Bitcoin Block) Blocks are files where data pertaining to the Bitcoin network is permanently recorded. A block records some or all of the most recent Bitcoin transactions that have not yet entered any prior blocks. Thus a block is like a page of a ledger or record book. Each time a block is ‘completed’, it gives way to the next block in the blockchain. A block is thus a permanent store of records which, once written, cannot be altered or removed. Watch full video for more.
Electroneum Mobile Mining Block Bitcoin Mining ability 2018
 
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Bitcoin block explorer and currency statistics · Wallet · Login · Data · Charts · Stats · Markets · API · Business · About ... Blocks mined on: Next Lelevl Searches related to block bitcoin mining: block cryptocurrency mining block bitcoin mining firefox miner block firefox miner block chrome block mining block bitcoin mining chrome web mining cryptocurrency miner block safari
Views: 70 UNDERGROUND SPORT
Bitcoin Internals: How Blocks use Merkle Trees in JavaScript
 
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In this video I take a look into how Bitcoin internally uses Merkle trees to generate it's block Merkle roots. We delve into how this is computed and why it is so important to validate the state of transactions. We then move on to create a simple script in JavaScript that computes the Merkle root of a given block's transactions, and verifies this with the value stored within the block. Discussed in the video: - https://www.bitcoinbook.info/ - https://bitcointalk.org/index.php?topic=45456.0 - https://bitcoin.stackexchange.com/questions/2063/why-does-the-bitcoin-protocol-use-the-little-endian-notation The source-code for this video can be found here: https://gist.github.com/eddmann/0af11a2436202cd994ecf73f70d49674
Views: 990 Edd Mann
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: 2599836 CuriousInventor
Learning Bitcoin 2- Bitcoin Block Structure (Part 1)
 
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Discussion on the basic structure of Bitcoin Block
Views: 209 Experience&Embrace
Bitcoin 101 - Merkle Roots and Merkle Trees - Bitcoin Coding and Software - The Block Header
 
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Most people on earth have never even heard of Merkle roots. But bitcoin programmers deal with them every day. This is old school technology in terms of software, but still very important in terms of security and data management. In this video James will walk you into the world of Merkle roots and Ralph Merkle, who invented this technology in the late 1980s. If you like seeing actual coding examples, your in luck. James starts incorporating actual python examples...after all, would you want to listen to Car Talk and not want to hear about a muffler? Enjoy. Ken's great blog and code is here (near bottom of the page) http://www.righto.com/2014/02/bitcoin-mining-hard-way-algorithms.html Our reworking of Ken's code is here - Very user friendly https://github.com/wobine/blackboard101/blob/master/IntroToMerkleRootsWBN.py And here's the blockexplorer link to the actual block we explored http://blockexplorer.com/block/0000000000000000e067a478024addfecdc93628978aa52d91fabd4292982a50 Welcome to WBN's Bitcoin 101 Blackboard Series -- a full beginner to expert course in bitcoin. Please like, subscribe, comment or even drop a little jangly in our bitcoin tip jar 1javsf8GNsudLaDue3dXkKzjtGM8NagQe Thanks, WBN I tried to paste my code here but YouTube doesn't allow brackets!!! Freaks.
Views: 33267 CRI
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: 3883 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: 11155 Matt Thomas
The Sound of Bitcoin Block Data (Mono Version)
 
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This was created by taking raw data from a bitcoin block and playing it as audio. Stereo Version: https://www.youtube.com/watch?v=Sovh9nXuZzQ Block Download: https://drive.google.com/file/d/1M961m1EnIdDRfZNnvsVquL5rFvtMdkc_/view?usp=sharing Block: 000000000000000000cbeff0b533f8e1189cf09dfbebf57a8ebe349362811b80 To play the raw Data: Download audacity and go to file > import > raw data and select the file. Then select 8000 hz with encoding Unsigned 8-bit PCM, 1 channel Mono. Then go to effect > change speed. Set the length to 10 minutes.
Views: 203 Googolplexking
What, Why, and How: Bitcoin Centralization
 
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The bitcoin network is in a perpetual fight against centralizing forces. Is this really a bad thing, and if so, why does this keep happening? The heart of the issue is in Proof of Work security, and its subtle incentives toward large mining pools. The Bitcoin Cash Stress Test revealed new scaling data for distributed ledger technology. Learn more in Jonathan Toomim's excellent article. https://medium.com/@j_73307/block-propagation-data-from-bitcoin-cashs-stress-test-5b1d7d39a234 --- 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: 244 Chronos Crypto
Intro to the Bitcoin Block Chain for Developers
 
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Noah Judson of CoinBeyond @ LinuxFest NorthWest 2015 It was "For Developers", but the room was filled with people from all walks of life, with questions all along the way, and we never quite got to programming on the block chain. Hope you enjoy it!
Views: 2767 Coin Beyond
Bitcoin Block Explorer - API
 
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Bitsuft Block explorer Restful-API
Views: 101 makkhawan voraboot
The History of Bitcoin
 
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The History of Bitcoin - https://blockgeeks.com/ We’ll start at the very beginning by understanding the history of blockchain. The very first blockchain in the world was Bitcoin. An anonymous person or group known as Satoshi Nakamoto published a document in an online cryptography forum in November 2008 and revealed the first details of how it would work, describing it as a “peer-to-peer electronic cash system”. The whitepaper is available today at bitcoin.org/bitcoin.pdf. It allows any 2 people to pseudonymously send money to each other no matter where they are in the world. It is a borderless currency. The main benefit of Bitcoin is that it does not require any centralized authority or institution to operate. This is in contrast to today’s centralized financial systems that depend on the existence of a central bank or government to mint money. If for any reason the central authority were to shutdown, the money would become worthless. In a decentralized system like Bitcoin, there is no central authority and the system can continue to operate as long as there are members in its peer-to-peer network. The goal of the whitepaper was to describe how the different parts of the Bitcoin protocol would operate and be kept secure. A new type of database, called a blockchain, would keep track of a single history of all Bitcoin transactions and it would be maintained by everyone in the network. The database would be publicly available for anyone to view and inspect, and anyone can download a copy of the same database. This provides data redundancy and makes sure the data is never lost, but also provides a way for anyone to verify the transactions in the database themselves. A block in the database just stores a sequence of transactions, and a sequence of blocks is called a blockchain. Each block is identified by an incrementing number and a unique Sha-256 hash. The hash for a block is calculated using the transactions inside it, as well as the previous block’s hash, which forms a chain of hashes. The data in the blocks is secured using a cryptographic algorithm called proof-of-work, which also keeps all members of the network and the database in sync to prevent double-spending. In this context, preventing double-spending means preventing anyone from spending money they dont have. Proof-of-work is used to generate new blocks for the database, also known as mining, and the reward for mining a new block is given to the miner by creating new Bitcoins in the system. This is the only way new Bitcoins can be created. Anyone on the network can be a miner and a new block is mined roughly every 10 minutes, which includes the latest set of verified transactions. The first release for Bitcoin was version 0.1 written in C++ by Satoshi and published on SourceForge in January 2009 under the open-source MIT license. Anyone could download the source code and run it to join the network, also known as becoming a node in the network. This is the original version 0.1 source code written by Satoshi. We can see the hard-coded genesis block, which is the very first block in the chain. The hash for the block can be verified by using any Bitcoin blockchain explorer. Let’s copy and paste this hash into the blockchain explorer available at blockchain.info. We can see that this hash is for block number 0, and that it has only one transaction in it which is the mining reward, and the reward amount of 50 Bitcoin was given to this Bitcoin address. We can also see this 50 Bitcoin reward for the genesis block in the original source code. The genesis block is a special case needed to start the blockchain and is the only block that is hard-coded, whereas every subsequent block is calculated using proof-of-work. Satoshi’s motivation for creating Bitcoin is revealed in the piece of data he included in the genesis block: a newspaper headline from The Times that read ‘Chancellor on brink of second bailout for banks’. The date of the newspaper is proof that the genesis block was created on or after Jan 3 2009. Satoshi developed the source code mostly himself up until mid-2010, when he handed it off to the open-source community. It is now maintained under the project called Bitcoin Core. The software is currently at version 0.15.1 and is available for download at bitcoin.org. This is still the most popular Bitcoin client, and its estimated that there are over 10 thousand nodes running the Bitcoin network today using various clients. Satoshi disappeared from public view in late 2010, his identity still unknown to this day. The only way someone could prove that they are Satoshi is by using the same encryption keys used when posting the original whitepaper in the online cryptography forum. To read more check out https://blockgeeks.com/
Views: 5795 Blockgeeks
Bitcoin - The security of transaction block chains
 
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A detailed explanation of what makes bitcoin transaction block chains secure. More free lessons at: http://www.khanacademy.org/video?v=8zgvzmKZ5vo 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: 80185 Khan Academy
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: 598 Oracle Developers
How Bitcoin Works in 5 Minutes. (Technical)
 
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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: 31489 Ledger Wallet
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: 2170171 3Blue1Brown
Structure of a Block [Blockchain & Cryptocurrency (Bitcoin, Ethereum)]
 
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Full Course On Udemy Discounted Coupon 95% OFF - https://www.udemy.com/bitcoin-ethereum-blockchain/?couponCode=YOUTUBE Like our content and want to support us more directly? Help Us, Help You! https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=6DF2Q8TR5FB3E Udemy Coupons "Here are coupons for all of my udemy courses: -Three.js [50% OFF] - https://www.udemy.com/threejs-programming/?couponCode=10ONLY -Flappy Bird SFML Clone [50% OFF] - https://www.udemy.com/flappy-bird-sfml/?couponCode=50-OFF -HTML [50% OFF] - https://www.udemy.com/html-tutorials/?couponCode=50_P_OFF -CSS [50% OFF] - https://www.udemy.com/css-course/?couponCode=CSS50POFF -Tic-Tac-Toe Cocos2d-x [50% OFF] - https://www.udemy.com/tic-tac-toe-cocos2d-x-cpp/?couponCode=TTTCC2D-50OFF -Tic-Tac-Toe SFML [50% OFF] - https://www.udemy.com/tic-tac-toe-sfml/?couponCode=SFMLTTT-50OFF -Cocos2d-x Game Development [90% OFF] - https://www.udemy.com/cocos2d-x-v3-cpp/?couponCode=90-PERCENT-OFF -A-Frame WebVR (Virtual Reality) [75% OFF] - https://www.udemy.com/a-frame-webvr/?couponCode=75_PERCENT_OFF -Modern OpenGL [80% OFF] - https://www.udemy.com/opengl-tutorials/?couponCode=10GLCODE -Bootstrap 4 [80% OFF] - https://www.udemy.com/bootstrap-web/?couponCode=80-OFF -C++ Programming [90% OFF] - https://www.udemy.com/cpp-course/?couponCode=BIG_SAVING_CPP -Ionic AngularJS [75% OFF] - https://www.udemy.com/ionic-course/?couponCode=75_OFF -Swift Programming [87.5% OFF] - https://www.udemy.com/swift-ios-mac/?couponCode=DISCOUNT_10 For all new courses feel free to ask for a coupon, enjoy. If you like this stuff, as always, show the love through comments, likes, favorites, subscriptions, etc. Thousands of free videos at www.sonarlearning.co.uk If you have any questions feel free to post them at http://www.sonarlearning.co.uk/questions.php Our Website http://www.sonarsystems.co.uk/ Facebook - https://www.facebook.com/pages/Sonar-Systems/581403125243822 Twitter - https://twitter.com/SonarSystems Google+ - https://plus.google.com/+SonarsystemsCoUk/ Donate - https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=6DF2Q8TR5FB3E Our games made using Cocos2d-x ------------------------------------------------------ iOS: https://itunes.apple.com/us/artist/sonar-systems/id672545941 Google Play: https://play.google.com/store/apps/developer?id=Sonar+Systems Check out our Cocos2d-x book to learn how to make games https://www.packtpub.com/game-development/cocos2d-x-game-development-essentials
Views: 381 Sonar Systems
What is a Bitcoin Node? - Step by Step Explanation
 
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What is A Bitcoin Node. Step by Step Explanation https://blockgeeks.com/ The bitcoin network consists of a network of nodes, which are just computers or servers running the Bitcoin software. The code ensures the nodes can find and establish connection with other nodes and hence form a network that is used by the various nodes to transfer information, like transactions, blocks and other data. Through this web of interconnecting nodes, bitcoin can send digital cash securely through the network. The underlying bitcoin code implements the bitcoin protocol. So how does a new node join the bitcoin network? First it must discover at least one peer to connect to and then it can get a list of other peers from that initial peer. There are a few methods a node can use to connect to its first peer. The bitcoin client contains a hardcoded list of well known DNS servers which can return a list of ip addresses of bitcoin nodes. Alternatively, the bitcoin client can be given a static ip address of a peer if one is known. You can pass this ip address as a parameter when starting the bitcoin client software through the command line. It’s important to note that bitcoin’s network topology is not geographically defined, so the physical location of the nodes in relation to one another is irrelevant.This means a node can find and connect to any other node regardless of where it is in the world. Once a node has the ip address of a peer, it then goes through an initial handshake to establish a connection with a remote node. First the local node will send a version message to the peer which contains some basic information about itself. This will always be the first message sent by any peer to another peer. The remote peer receiving the message will examine if the sender’s version is compatible with its own version. If it is, it will acknowledge the version message and establish a connection by sending a “version acknowledgment” message, which consists only of a message header with the command string “verack”. Once a node establishes connections with one or more peers, it will exchange some information with these peers. For example, nodes can exchange ip addr of their connected peers, so each node can maintain a list of peers that it can use to re-establish connection in the future since nodes can leave and join the network at anytime. A Node can also ask its peers what the length of their local copy of the blockchain is. It can then determine if it’s own copy of the blockchain is missing any blocks, and if so, can ask its peers to send the missing blocks. Of course it can also send blocks to other nodes who do not have as much data as itself. Let’s take a closer look at the various nodes in the network. Although all the nodes participate in the network, they have different roles depending on the functionalities they want to support. There are 4 major functions: routing, storage, mining and wallet services. The bitcoin core client implementation in c++ has all four of these functionalities. Routing is the bare minimum functionality a node must support in order to participate in the bitcoin network. It contains the functionality to discover and connect to other peers in the network and it also validates and propagates transactions and blocks through the network. It serves the purpose of keeping the network connection alive and passing information through the network. A node is called a full blockchain node if it stores a local copy of the entire blockchain database. A full node can autonomously and authoritatively verify any transactions without any external references. With a full node you get complete independence and freedom from central authority at the cost of hardware storage space. A mining node serve the special purpose of creating a new block to add to the blockchain. Mining nodes runs special mining software in order to solve a cryptographic puzzle to win mining rewards. They serve the purpose of adding new transactions into the blockchain. To learn more visit us at blockgeeks.com
Views: 1637 Blockgeeks
Data Networking for Medium Size Bitcoin Mining Operations
 
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As you plan expand and grow your Bitcoin and Altcoin mining operation, data networking becomes more important. This video discusses network switches, firewalls and network security, IP address space, DHCP server, and reliability. For more information on planning your Bitcoin mining operation, see this post at my website: https://blockoperations.com/planning-your-bitcoin-mining-operation/
Views: 12921 Block Operations
3 minutes - Bitcoin CME data, Coin Anchor, "Sign" the Genesis Block
 
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https://www.reddit.com/r/Bitcoin/comm... http://www.reuters.com/article/us-cme... https://www.reddit.com/r/Bitcoin/comm... https://twitter.com/theog__ http://haasonline.com 3min ticker video https://www.youtube.com/watch?v=XkH5QEPK_Ng
Use Blockchain API to Calculate Time Until Next Bitcoin Block Halving
 
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BTC: 1NPrfWgJfkANmd1jt88A141PjhiarT8d9U Using PHP cURL and Blockchain API. Written tutorial: http://blog.blockchain.com/2015/11/18/using-the-blockchain-api-to-determine-the-time-left-until-the-next-bitcoin-block-halving/
Views: 549 m1xolyd1an
How does a blockchain work - Simply Explained
 
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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: 2010313 Simply Explained - Savjee
Blockchain tutorial 27: Bitcoin raw transaction and transaction id
 
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This is part 27 of the Blockchain tutorial. This tutorial explains: - What Bitcoin raw transaction is. - Shows an example of a raw transaction using the very first transaction on the Genesis block. - What the difference is between big endian and little endian. - What a satoshi is. - What a Bitcoin transaction id or hash is and what its purpose is. - How to calculate the transaction id. 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 links mentioned in the video are: - The bitcoin_genesis_raw_tx.txt file http://www.mobilefish.com/download/cryptocurrency/bitcoin_genesis_raw_tx.txt - The Bitcoin protocol: https://en.bitcoin.it/wiki/Protocol_documentation#tx - The block explorer used in the video: https://blockchain.info/ The python script to calculate the transaction id: http://www.mobilefish.com/download/cryptocurrency/calculate_txid.py.txt The brainwallet tool to convert the raw transaction into a more readable text: http://www.mobilefish.com/services/cryptocurrency/brainwallet.html #mobilefish #blockchain #bitcoin #cryptocurrency #ethereum
Views: 4784 Mobilefish.com
The Bitcoin BCH Block Explorer Explodes With Blockchain Data - Bitcoin News
 
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The Bitcoin BCH Block Explorer Explodes With Blockchain Data - Bitcoin News Bitcoin.com is a web portal loaded with resources tethered to the heart of the cryptocurrency revolution. Just recently we launched our new blockchain explorer which allows anyone to verify transactions and other data tied to the Bitcoin blockchain. We want to give our readers a little more insight ... ► SUBSCRIBE FOR MORE VIDEOS: https://goo.gl/NYaHq2 ► Bitcoin News -Alt Coin news - coin telegraph - coindesk - coin market cap https://goo.gl/45UVFu ★★★ Thanks for watching! Please leave a like if you enjoyed and tell me what you think in the comments! Thanks ★★★
Views: 23 CoinKorea
Blockchain/Bitcoin for beginners 9: Bitcoin difficulty, target, BITS  - all you need to know
 
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In this video I break the somewhat confusing and mysterious question of how exactly the block difficulty is defined, represented and updated. There is a simplification/misconception that the requirement is just to find a hash with a required number of leading zeros in hex. This is not the case, it's a little more intricate than that.... I show some examples of real blocks - in particular focusing on the genesis block, and how import it is for initializing the difficulty of mining a block. I clarify the relationship between BITS (in the block header) difficulty, and the actual 256 hash target. Links Blockchain explorer https://www.smartbit.com.au/ Difficult history chart http://www.coindesk.com/data/bitcoin-mining-difficulty-time/ Hex converter http://www.binaryhexconverter.com/hex-to-decimal-converter
Views: 5261 Matt Thomas
Cryptocurrencies: Last Week Tonight with John Oliver (HBO)
 
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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: 8318548 LastWeekTonight
Bitcoin Blockchain Explorer: Everything Beginners Need to Know
 
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🚨 What Is A Block/Blockchain Explorer?: https://coinsutra.com/blockchain-explorer/ 🚨 Best Bitcoin Blockchain/Block Explorers: https://coinsutra.com/best-bitcoin-block-explorers/ A blockchain explorer is a browser for the blockchain, similar to how we have browsers like Mozilla or Google Chrome for internet web pages. All Bitcoin and altcoin users rely heavily on blockchain explorers to track their transactions. But very few users really appreciate the full potential of these explorers. These browsers provide much more valuable information than just tracking transactions. And in this video of Bitcoin Blockchain explorer, you will learn:- -What is Bitcoin Blockchain Explorer -How to use a Bitcoin Blockchain Explorer -How to view a transaction/public address in the Blockchain explorer? -How to view your transaction fees in different currencies? -How to view the genesis block? This video is brought to you by CoinSutra. CoinSutra is a thriving community of Bitcoin and altcoin users where we often talk about Bitcoin wallet security, crypto investments and how to keep your cryptocurrencies safe. Connect with CoinSutra! Join CoinSutra, the most popular Bitcoin community: https://Coinsutra.com Join CoinSutra on Twitter-https://twitter.com/coinsutra Join CoinSutra on Telegram-https://telegram.me/coinsutra Join CoinSutra on Facebook-https://www.facebook.com/CoinSutra/ Join CoinSutra's Forum- https://ask.coinsutra.com/
Why Blockchain Matters More Than You Think!
 
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Subscribe here: https://goo.gl/9FS8uF Become a Patreon!: https://www.patreon.com/ColdFusion_TV The Blockchain and it's potential simply explained. Hi, welcome to ColdFusion (formerly known as ColdfusTion). Experience the cutting edge of the world around us in a fun relaxed atmosphere. Sources: Dr. Adrian McCullagh Ph D. (IT Sec), LL.B., GAICD. Ph.D. Research Supervisor at the University of Queensland https://www.economist.com/news/briefing/21677228-technology-behind-bitcoin-lets-people-who-do-not-know-or-trust-each-other-build-dependable Some footage retrieved from “The real value of bitcoin and crypto currency technology - The Blockchain explained”: https://www.youtube.com/watch?v=YIVAluSL9SU Animations by Beeple: http://www.beeple-crap.com/vjclips.php http://www.computerworlduk.com/data/bank-of-england-pushes-forward-with-blockchain-technology-for-settlements-3657464/ https://futurism.com/six-banking-giants-have-decided-to-partner-to-create-a-new-cryptocurrency/ https://futurism.com/microsoft-is-embracing-blockchain-with-its-new-ethereum-based-framework/ https://buff.ly/2eMO8jk Previous video on Blockchain basics and other extra learning: https://www.youtube.com/watch?v=bBC-nXj3Ng4 //Soundtrack// 0:00 Schmoov! – Playground 1:00 Zero 7 - Give it Away 2:30 Uppermost Machine Code 4:19 Need a Name - White Truffle 5:22 Andre Sobota - Concluded (Original Mix) 7:50 Pacific Coliseum - Ocean City 10:18 Hammock Lights Will Draw You Back (Bonus Track) 11:25 Movediz – Prayer 14:07 The 1975 – Intro/Set3 (Bear//Face Remix) » Google + | http://www.google.com/+coldfustion » Facebook | https://www.facebook.com/ColdFusionTV » My music | http://burnwater.bandcamp.com or » http://www.soundcloud.com/burnwater » https://www.patreon.com/ColdFusion_TV » Collection of music used in videos: https://www.youtube.com/watch?v=YOrJJKW31OA Producer: Dagogo Altraide » Twitter | @ColdFusion_TV
Views: 756380 ColdFusion
Brian Nelson Behind Bitcoin How Block Chain Technology Might Unlock Solutions Across Industries
 
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In this session, Brian Nelson, Sig3, will explore the verification technology behind bitcoin and how it can be applied in multiple industries to enable lightning speed data processing and prioritization in a mega-data world. Brian Nelson is a Co-founder and CEO of Sig3, a policy based automated cosigner that secures and simplifies multi-signature bitcoin transactions. He has participated as a speaker and panelist at numerous Bitcoin, Blockchain and FinTech conferences such as Inside Bitcoins New York and the Blockchain Summit. He is also the organizer of the Blockchain Utah meetup group and co-organizer of the Utah Bitcoin group. Brian has additional experience in MSB regulations and served as a director of the National Money Transmitters Association, the oldest and most trusted association for licensed money transmitters. Brian’s dedicated to building the ecosystem and to the progress of the decentralization of power in an effort to strengthen the global economy.
Views: 117 USTAR
How Bitcoin Mining Work's
 
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What is Bitcoin https://www.youtube.com/watch?v=WDvskHePAXU How to Mine Bitcoin https://www.youtube.com/watch?v=79KEJf4qmps How Bitcoin Mining Works Bitcoin Mining Works by Making a hash of it You can also watch my other video on Home to Mine Bitcoins ( Link is in Description ) This general ledger is a long list of blocks, known as the 'blockchain'. It can be used to explore any transaction made between any bitcoin addresses, at any point on the network. Whenever a new block of transactions is created, it is added to the blockchain, creating an increasingly lengthy list of all the transactions that ever took place on the bitcoin network. A constantly updated copy of the block is given to everyone who participates, so that they know what is going on. When a block of transactions is created, miners put it through a process. They take the information in the block, and apply a mathematical formula to it, turning it into something else. That something else is a far shorter, seemingly random sequence of letters and numbers known as a hash. This hash is stored along with the block, at the end of the blockchain at that point in time. Hashes have some interesting properties. It’s easy to produce a hash from a collection of data like a bitcoin block, but it’s practically impossible to work out what the data was just by looking at the hash. And while it is very easy to produce a hash from a large amount of data, each hash is unique. If you change just one character in a bitcoin block, its hash will change completely. Miners don’t just use the transactions in a block to generate a hash. Some other pieces of data are used too. One of these pieces of data is the hash of the last block stored in the blockchain. Because each block’s hash is produced using the hash of the block before it, it becomes a digital version of a wax seal. It confirms that this block – and every block after it – is legitimate, because if you tampered with it, everyone would know. If you tried to fake a transaction by changing a block that had already been stored in the blockchain, that block’s hash would change. If someone checked the block’s authenticity by running the hashing function on it, they’d find that the hash was different from the one already stored along with that block in the blockchain. The block would be instantly spotted as a fake. Because each block’s hash is used to help produce the hash of the next block in the chain, tampering with a block would also make the subsequent block’s hash wrong too. That would continue all the way down the chain, throwing everything out of whack. Competing for coins Butterfly Labs Bitforce mining rigSo, that’s how miners ‘seal off’ a block. They all compete with each other to do this, using software written specifically to mine blocks. Every time someone successfully creates a hash, they get a reward of 25 bitcoins, the blockchain is updated, and everyone on the network hears about it. That’s the incentive to keep mining, and keep the transactions working. The problem is that it’s very easy to produce a hash from a collection of data. Computers are really good at this. The bitcoin network has to make it more difficult, otherwise everyone would be hashing hundreds of transaction blocks each second, and all of the bitcoins would be mined in minutes. The bitcoin protocol deliberately makes it more difficult, by introducing something called ‘proof of work’. The bitcoin protocol won’t just accept any old hash. It demands that a block’s hash has to look a certain way; it must have a certain number of zeroes at the start. There’s no way of telling what a hash is going to look like before you produce it, and as soon as you include a new piece of data in the mix, the hash will be totally different. Miners aren’t supposed to meddle with the transaction data in a block, but they must change the data they’re using to create a different hash. They do this using another, random piece of data called a ‘nonce’. This is used with the transaction data to create a hash. If the hash doesn’t fit the required format, the nonce is changed, and the whole thing is hashed again. It can take many attempts to find a nonce that works, and all the miners in the network are trying to do it at the same time. That’s how miners earn their bitcoins. Please like share and comment on our Video For more videos Subscribe our Channel Also Follow us on Facebook : https://www.facebook.com/Tech.Solution001 Google+ : https://plus.google.com/113358335751493798275 Twitter : Instagram : Our Website Address : Subscribe our channel for more Videos
Views: 21 Tech Land
Bitcoin/Altcoin Developer Guide - 5 - Scripting Language, Block Serialization and OpCodes
 
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In these tutorials I teach you how become a bitcoin/altcoin developer. I will be going through the entire bitcoin developer reference and in each tutorial I will explain one or more key concepts involving bitcoin and altcoin developing. This one is about the serialization of blocks, bitcoin's scripting language and the Op codes used within it. Bitcoin Stack Exchange https://bitcoin.stackexchange.com/ Consensus code https://github.com/libbitcoin/libbitc... Developer reference https://bitcoin.org/en/developer-refe... Source Code for Bitcoin: https://github.com/bitcoin/bitcoin Installation guide for Bitcoin Core on Unix: https://github.com/bitcoin/bitcoin/bl... Installation guide for Windows: https://github.com/bitcoin/bitcoin/bl... List of bitcoin opcodes https://en.bitcoin.it/wiki/Script#Opcodes
Views: 199 Oscar Chambers
Three Easy Ways to Generate Bitcoin Addresses on your Website
 
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This tutorial goes over 3 easy ways to generating fresh bitcoin addresses on the fly for your website. coinbase.com bitpay.com block.io blockchain.info blockchain.info/q/newkey phpfiddle: http://phpfiddle.org/main/code/g5hu-cez3 phpCoinAddress: https://github.com/zamgo/PHPCoinAddress code example w/ phpcoinaddress: http://pastebin.com/BX0xLfU9
Views: 10149 m1xolyd1an
Bitcoin: How Cryptocurrencies Work
 
09:25
Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems. Hosted by: Michael Aranda Special Thanks: Dalton Hubble Learn more about Cryptography: https://www.youtube.com/watch?v=-yFZGF8FHSg ---------- Support SciShow by becoming a patron on Patreon: https://www.patreon.com/scishow ---------- Dooblydoo thanks go to the following Patreon supporters—we couldn't make SciShow without them! Shout out to Bella Nash, Kevin Bealer, Mark Terrio-Cameron, Patrick Merrithew, Charles Southerland, Fatima Iqbal, Benny, Kyle Anderson, Tim Curwick, Will and Sonja Marple, Philippe von Bergen, Bryce Daifuku, Chris Peters, Patrick D. Ashmore, Charles George, Bader AlGhamdi ---------- Like SciShow? Want to help support us, and also get things to put on your walls, cover your torso and hold your liquids? Check out our awesome products over at DFTBA Records: http://dftba.com/scishow ---------- Looking for SciShow elsewhere on the internet? Facebook: http://www.facebook.com/scishow Twitter: http://www.twitter.com/scishow Tumblr: http://scishow.tumblr.com Instagram: http://instagram.com/thescishow ---------- Sources: https://bitinfocharts.com/ https://chrispacia.wordpress.com/2013/09/02/bitcoin-mining-explained-like-youre-five-part-2-mechanics/ https://www.youtube.com/watch?v=Lx9zgZCMqXE https://www.youtube.com/watch?v=nQZUi24TrdI https://bitcoin.org/en/how-it-works http://www.forbes.com/sites/investopedia/2013/08/01/how-bitcoin-works/#36bd8b2d25ee http://www.makeuseof.com/tag/how-does-bitcoin-work/ https://blockchain.info/charts/total-bitcoins https://en.bitcoin.it/wiki/Controlled_supply https://www.bitcoinmining.com/ http://bitamplify.com/mobile/?a=news Image Sources: https://commons.wikimedia.org/wiki/File:Cryptocurrency_Mining_Farm.jpg
Views: 2486032 SciShow
Blockchain 101 - A Visual Demo
 
17:50
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: 878098 Anders Brownworth
Bitcoin will not store your data forever
 
07:25
People who believe that block size should be kept small often point at this as one of the main reasons: It goes like this: -------- Blocks are kept forever. Infinite storage time will always brings infinite people who want to fill this storage with their data. A fee paid once can be considered negligible, as the storage time is infinite. ( X / ∞ = 0 ) -------- This is a valid argument, but it relies on a false assumption. Blocks are immutable, but there is zero guarantee that they will be stored forever, or be accessible forever. In the bitcoin whitepaper Satoshi wrote about deleting old blocks when they are no longer needed. If people who fill the blockchain with trash data, they will end up storing these filled blocks on their own hard disk, because nobody else would store it for them. The Bitcoin Cash Sofia Meetup: https://www.meetup.com/Bitcoin-Cash-Sofia-Meetup/ My Blog: http://bitcoinfizzbuzz.com/ Wanna leave a tip? BCH : qrxa3ufc6ph30yhhf9a230tjf6fme7z4lstan02ddf BTC : 16Nn1bAUdR2APzq7C7T2NthKkteDwVzhMK ETH : 0x925eeB06535E96c886105d2f944041da4Aaac314
Views: 60 Bitcoin Sofia
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: 303815 edureka!
BTCSC.NET - Bitcoin Statcraft : Data Rep in Minecraft
 
04:31
Bitcoin Statcraft (BTCSC) is a dynamic minecraft environment generated using realtime bitcoin market information. Visit http://www.btcsc.net to learn more. All of these bitcoin block stacks are accurate piles based on (at the time the video was made) current information regarding the bitcoin market. Towards the end of the video you'll see me programmatically build the stack of gold, based on the current price of gold in USD and the current bitcoin market cap, also in USD. A script does the calculation and figures out how large that gold pile would be, in real life (m^3), and builds the blocks to match. This is a first version of the thing, with more planned moving forward. Thanks for taking the time to check it out.
Views: 5278 jayzehngebot