Bitcoin explained

This video on "Bitcoin Explained in 5 Minutes" will help you understand what is Bitcoin, how it came into existence and how it is believed to be a perfect replacement of current financial system around the world. This video will give you an Introduction to Bitcoin, its concepts and will help you understand how Bitcoin Cryptocurrency is used for making transactions on Blockchain Technology. It will also give you an idea over how Bitcoin is different from other centralized banks and our fiat currency. At the end of this video, all your questions related to bitcoin will be cleared.

00:00 Introduction To Bitcoin
00:22 Drawbacks of Centralized Financial Institutions
01:28 What Is Bitcoin?
02:10 Benefits of Bitcoin
03:08 Working of Bitcoin
03:36 Example of People Using Bitcoin
03:58 Quiz
04:30 Is it safe to use Bitcoin?

Don't forget to take the quiz at 03:58 ! Comment below what you think is the right answer!

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