What is Bitcoin Mining? | Bitcoin Mining Explained | How Bitcoin Mining Works | Simplilearn

0 (0 Ratings) 3 Students enrolled
Includes

00:19:49 Hours On demand videos

1 Lessons

Full lifetime access

Access on mobile and tv

Requirements

none

+ View more
Description

This "Bitcoin Mining' video will help you understand what is Bitcoin, what is Blockchain, advantages of Bitcoin, advantages of Bitcoin mining, what is Bitcoin mining and how does it work and at the end you will also see a use case on Bitcoin mining. Bitcoin is the first decentralized digital currency that allows users to transfer money peer to peer without an intermediator (banks, governments etc) using Blockchain technology. Bitcoin is used for online purchases, investments, payments etc. and Bitcoin mining is the process of verifying Bitcoin transactions and recording them onto the public ledger (i.e., Blockchain). In order to understand Bitcoin mining, we need to understand the 3 major concepts of Blockchain which are distributed public ledger, SHA-256, and proof of work. Now, lets deep dive into this video and understand these concepts and how Bitcoin mining actually works. Below topics are explained in this "Bitcoin Mining" 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 )

What will i learn

Course content 00:19:49 Hours 1 lessons
Section 1 - Full course
1 Lessons 00:19:49 Hours
  • What is Bitcoin Mining? | Bitcoin Mining Explained | How Bitcoin Mining Works | Simplilearn 00:19:49

About instructor

+ View more
Description
We are the Zversity Team.

Our goal is to help people with a free platform to learn online. Come and learn on Zversity. We do not charge a fee or anything here. This is a free university made for us all. Happy learning!

666 Courses

384 Students

9 Reviews

Student feedback

0

Average rating

  • 0%
  • 0%
  • 0%
  • 0%
  • 0%

Reviews