Chapter 3 The Anatomy of Bitcoin

The genius of Bitcoin is how Satoshi Nakamoto managed to put together the different technological pieces of the puzzle to create a truly decentralised currency. This episode we cover the intricacies of Proof of Work, what mining actually is (as opposed to how the media describes it), and we look into how a transaction actually works. It's one of the more jargon-heavy chapters (including some long numbers that you can skip forward through lol - bare with me.. I promise there is method to my madness), so don't be afraid to pause and replay if you fall behind. Note the completely different SHA256 hashing function outputs mentioned in the episode are: Hello: 185F8DB32271FE25F561A6FC938B2E264306EC304EDA518007D1764826381969 Happy: 725ACCB5A8E46D19BC3F3A7636D0860A85470FA450BE7F0F6A8C7572756765FD Helo: 375738319E86099FE081FABEE238C40D6F038959DA383C99CA3FE146E5CC8B7E The difficulty target expressed as a decimal is: 16307.420938523983 or as a hex58 number: 0x00000000000404CB000000000000000000000000000000000000000000000000 Buy the actual book on Amazon paperback & Kindle . Listen to this episode on Youtube | Audiobook Podcast Youtube Playlist | Feel free to support this work by liking, subscribing and leaving a comment on our podcast page, sharing on social media, or making a contribution on Patreon . Disclaimer | This work contains the music track RW Smith - Dig Deep that is licensed under a Creative Commons Attribution license | Source: | Author: RW Smith

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Chapter 3 The Anatomy of Bitcoin is an episode from WTF is Bitcoin?! The Cryptocurrency & Blockchain Guide for Dinner Parties by Maxim Beatty.

This episode is 00:21:04 long.

This episode was published on Oct 28, 2021.

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