How Bitcoin Works in 5 Minutes (Technical)

How Bitcoin Works in 5 Minutes (Technical)

If you are looking for a TRUE and TRUSTED site, that gives you FREE COINS without you investing a single DIME, then Come to Markethive.

Click here now or on the banner below to claim your Bonuses.

ecosystem for entrepreneurs

You will receive 500 FREE MHV Coins immediately Credited to your Account when you sign up today. Coins are already listed on Exchanges, and you can trade them against bitcoins or other stable Cryptos.

Click here to see the value of 1.0 MHV Coin today on Coinranking.

You will be getting 500 mhv coins for free, so you can see how much money in Dollars you will be getting absolutely FREE.

Refer others to Markethive and earn 500 MHV Matching bonus per referral.

Plus, you will get over $2,000 per Month Money Making System.

A short introduction to 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):
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.

Written Version:

Less technical version:

Donation address: 1K7A6wsyxj6fThtMYcNu6X8bLbnNKovgtP

Germain caption translation provided by adi331 : 19s6rqRfHa19w7wcgwtCumPs1vdLDj1VVo (thanks!!)

This Post Has 29 Comments

  1. This is one of the best explanations of bitcoin I have seen.

    As suggestion for a future video.  You could explain how TOR works.

    1. You mask your ip by tunneling through several different computers connected to the tor network.

  2. my mind is full of dafuq
    awesome video by the way.

  3. that lawnmower better be worth the $3200 dollars! 5.2BTC haha

    1. I was thinking the same thing when I heard 5.2 BTC. XD

  4. I think the terms need to be a bit more relate-able for most people to understand. Like the voting and lottery, happens automatically and is known as the process of mining and miners. You mention miners once or so at the end but talk about the process of it from the halfway point to the end. Also, I think for the most part, it needs to be noted that this entire process happens automatically behind the scenes. The way you explain it almost sounds like a lot of it has to be done manually on a PC by the users. For example when u first the validation / voting process, it sounds like in order for a users transaction to be accepted into a block, that user would have to generate the block ; another manual implication.

    1. That’s great feedback that I’ve heard from others. In my next (less technical) video I’m trying to say more things like “your Wallet app creates a transaction…”

    2. @CuriousInventor And the new video is out: The Essence of How Bitcoin Works (Non-Technical)

  5. I was lying down when watching this I literally almost fell asleep.
    I’m doomed plus there’s math involved yea….

    1. my new less-mathy version: The Essence of How Bitcoin Works (Non-Technical)

    2. @Lawless same here lmao..

  6. I’m more confused about Bitcoins than I was before watching this video

    1. +Saeid Momtahan Approved i thougth it was like Paypal

    2. agree with u mate …..

  7. i still dont know what bitcoin is, WHOS WITH ME !

  8. Sounds like a Techno Geek version of Ponzi Scheme

    1. +David Detweiler Coders mathematicians and economists are not the ones you want to try a ponzi scheme on. Bitcoin works and is open source. I have complete knowledge of how it works because I can read the code. I don’t trust a third party about how it works, I can just see it. Like a mathematical proof. I’m not worried Pythagoras is going to change the length of the hypotenuse and make the roof fall on my head. The same way I know bitcoin is not a scam. There is a ton of info online even for non-geeks.

  9. WHAT???????????

  10. Jct: What an incredibly complicated way to run your poker chips.

  11. Can you talk faster please?

  12. can I sell people with bitcoin?

  13. 2140? The only true coin of the future is going to be food, land, tools and manpower. Good luck eating your bit coins

  14. will I ever get rid of math 😭

  15. Someone is sitting back and collecting all the dollars for these Bitcoins !

  16. Great graphics but talks so fast about so much technical detail in just 5 mins that after watching it twice I still only vaguely understand it.

  17. Who knew that Alice can be so sneaky?

  18. I still don’t understand bitcoin

  19. clear as mud!

  20. that’s one expensive lawnmower

Leave a Reply

Close Menu

Choose a Social Network 

Thank you! 😀

Choose a Social Network 



Thank you! 😀