What is Bitcoin Mining? A SIMPLIFIED EXPLANATION

Hey Cadets, in this episode we will be covering one of the most complicated topics in the cryptocurrency ecosystem, bitcoin mining. What is bitcoin mining? How does it work? What is actually happening to the blockchain during the mining process? We did our best to make this explainer video a simplified explanation and sprinkled in hand-drawn animations to give you a better picture. Questions? Comment below. If you liked our video, be sure to like and subscribe!

Timestamps:
0:18 - Topic Intro
0:38 - Blockchain Explained
1:28 - Nodes & Miners
4:50 - Nonce
5:37 - Bitcoin Transactions
7:25 - Mining Process

Connect with us!

Email us: contact@cryptonauts.space
Tweet to us! https://twitter.com/@cryptonautsshow
Subscribe to our Youtube! https://www.youtube.com/cryptonauts?sub_confirmation=1
Instagram (captain crypto): @capt_crypto

#bitcoin #blockchain #mining