Bitcoin “Taproot” Updates and Proof of Work - The Third Coin Podcast, Episode 5

The name of this recording is Bitcoin “Taproot” Updates and Proof of Work - The Third Coin Podcast, Episode 5, at (00:01:11) we get right into it by discussing the new “Taproot” update, why they are doing it, what it means, and why it took so long. (00:07:52) Next in the discussion, we discuss the privacy, or lack thereof, of Bitcoin and other cryptocurrencies. We go on to talk about what you need to do if you truly want to have privacy when holding or using crypto. (00:16:07) After this discussion comes to a close we move to “Proof of Work” and what that means. This segways into what really happens during “mining” and how it is done. We talk about “pooling” and the actual power consumption required to mine crypto coins. (00:29:15) This segues into a discussion about Evergreen, Binance, Tether, the financial markets, and how or what is linked to the drop of Bitcoin below 60k. (00:33:23) During a natural stop in the conversation, we take a look at a couple of TikToks to learn how Dan and Grant feel about the opinions presented in them. (00:35:29) Lastly, we talk about the Blockchain and other possible uses for it including storing data and information. We discuss layer 1 and layer 2 and what that means to everyday users. Thank you for checking out our video. Don't forget to click the "follow” button to get notified about new episodes of this for the number one source of REAL and useable and information. If you prefer to listen to this in podcast format, all of our platforms can be found here: The hosts of The Third Coin Podcast are: Dan Mueller - crypto veteran Grant Cermak - Crypto Guru and founder of and Lewis May - marketer, rally race car owner, and co-driver

You can listen to Bitcoin “Taproot” Updates and Proof of Work - The Third Coin Podcast, Episode 5 online on Radio and Podcast. Open the player on this page to stream the available audio.

Bitcoin “Taproot” Updates and Proof of Work - The Third Coin Podcast, Episode 5 is an episode from The Third Coin by Dan, Grant, and Lewis May.

This episode is 00:48:29 long.

This episode was published on Jan 14, 2022.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from The Third Coin when more episodes are available from the podcast feed.