What is Bitcoin Mining? | How Bitcoin Mining Works
Welcome to this blockchain and crypto educational video by Simplilearn!
This "Bitcoin Mining' educational video was made to help people understand what Bitcoin is, what a Blockchain is, the advantages of Bitcoin over Fiat, advantages of Bitcoin proof of work 'mining',
You can skip ahead to view the following topics that are discussed in this Bitcoin learning video.
1. What is Bitcoin? ( 01:45 )
2. What is Blockchain? ( 03:52 )
3. Advantages of Bitcoin ( 03:03 )
4. Concepts of Bitcoin mining ( 06:08 )
5. Bitcoin Mining ( 15:01 )
6. Use case - Bitcoin Mining ( 18:04 )
Blockchains are considered to be a disruptive technology. The technology is comparative to the internet. The future of this technology is uncertain and governments around the world are still trying to figure out how it can be regulated. Bitcoin was created out of the 2008 financial crisis and is a peer to peer digital asset transfer protocol. The Bitcoin blockchain works without a central bank or single administrator.