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Building Bitcoin Ep2 | Bitcoin & Blockchain for Beginners

It’s amazing to think how we started off from physical transactions until finance digitalization started where people began to look for ways on how to make transaction and finance processing easier. Bitcoin and blockchain were built over time based on a lot of different people’s attempts to digitize transactions and finance. Knowing this will somehow give you the assurance that it was really an open source to a lot of contributions to our society and respond to a world that’s becoming increasingly digital. For someone who doesn’t know much about Bitcoin and non-tech, this will definitely help you understand where and how Bitcoin and blockchain began to where it’s going and how you can benefit from it.

Watch Episode 1 "History of Money"    • History of Money Ep1 | Bitcoin & Blockchai...  

#Bitcoin #Blockchain #Beginners

0:00 Introduction
0:48 How Bitcoin started
2:02 First computer-based check processing
3:09 Finance digitalization started
4:29 Finance digitalization in the internet
5:14 First online banks
5:51 Mobile payment
6:21 Electronic payment
12:11 What is Visa, American Express, Discover and Mastercard?
14:50 What is Cypherpunks?
20:06 Digicash
22:07 Anti-spam mechanism
23:00 Hal Finney
24:01 Proof of work
25:16 Whitepaper drops
26:19 Double-spending problem
30:14 Satoshi’s email and website
31:42 Difference between bitcoin and blockchain
34:16 How many nodes are in bitcoin?
34:58 How do they validate nodes?
35:55 Why did Satoshi start Bitcoin?
36:15 Who is Satoshi?
37:51 How many times does a non-tech person have to read the whitepaper to understand what it means?
38:35 What is the most impactful thing from the episode?

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The Texas Blockchain Council is a nonprofit industry association made up of companies and individuals that work with blockchain and distributed ledger technology. Our mission is to promote blockchain technology initiatives that drive growth and benefit the citizens of Texas. We exist to amalgamate the influence of our members to advocate for blockchain-centric public policy initiatives, to educate members of government about the benefits of blockchain technology, and to provide subject matter expertise on topics related to blockchain and distributed ledger technology.