Bitcoin Basics for beginners Part 2 - Adding blocks to the blockchain.
Bitcoin Basics for beginners Part 2 - How blocks are mined and added to the blockchain.
This video starts with a recap of Part 1, which is about how the blocks are structured and how SHA256 links or chains the blocks. It then moves on to show how blocks of transactions are created/mined and added to the blockchain. Bitcoin's Proof of Work mechanism is covered in some detail.
Transactional-level details such as transaction structures, broadcasting, and signatures are not covered in this video. This will be covered in subsequent videos when we address topics such as scaling, multisig transactions and smart contracts.
For Bitcoin Basics Part 1, click here: • Bitcoin Basics for beginners Part 1 - The ...