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What is Bitcoin? - Bitcoin Basics for Beginners in 2020
Manage episode 294465586 series 2936986
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#bitcoin #cryptocurrency #crypto #whatisbitcoin
What is Bitcoin? In this video, we explain the basics of bitcoin for beginners.
Everything you need to know to learn about bitcoin in 2020.
This video is going to be your number 1 resource for all the information on bitcoin and cryptocurrencies.
The first-ever cryptocurrency was bitcoin.
Bitcoin works on the peer to peer bitcoin network, and every transaction is recorded on the blockchain.
In this video, we go over the terminology in the cryptocurrency world.
Terms like:
Bitcoin
Blockchain
Public/ Private key
Centralized/ Decentralized currency
Cryptography
Bitcoin Mining
Satoshi Nakamoto
This video is packed with a lot of information so here are timestamps of every topic so you can choose the one most valuable to you.
00:38 Definition of Bitcoin
00:51 Cryptocurrency definition
01:18 Public key and Private Key
02:18 History of currency
04:00 Centralized and decentralized
05:47 Stay anonymous
06:02 Starting a bitcoin account
07:06 Blockchain Explained
07:41 Bitcoin similar to BitTorrent network
09:00 Bitcoin network
09:24 How was bitcoin started (Satoshi Nakamoto) (white page - https://bitcoin.org/bitcoin.pdf )
10:18 Sending and receiving bitcoin
11:03 Bitcoin Network in-depth
11:30 Mining and blockchain
13:27 Bitcoin price since the beginning
15:17 Bitcoin predictions for the future
15:57 Recap of the video (summary)
18:54 Conclusion
Thank you for watching
We hope that you enjoyed the video
This video is to inform you on topics like cryptocurrency and bitcoin.
This educational series is provided to you for free by Coincasso.
CoinCasso is a cryptocurrency exchange platform that is breaking the mould of traditional platforms.
We are using our patented hybrid exchange utilizing benefits from both decentralized and centralized exchanges.
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