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Bitcoin: How Cryptocurrencies Work

  • Bitcoin: How Cryptocurrencies Work


    Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems.

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  • But how does bitcoin actually work?


    The math behind cryptocurrencies.
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    Some people have asked if this channel accepts contributions in cryptocurrency form. As a matter of fact, it does:

    2^256 video:

    Music by Vincent Rubinetti:

    Here are a few other resources I'd recommend:

    Original Bitcoin paper:

    Block explorer:

    Blog post by Michael Nielsen:
    (This is particularly good for understanding the details of what transactions look like, which is something this video did not cover)

    Video by CuriousInventor:

    Video by Anders Brownworth:

    Ethereum white paper:

    Animations largely made using manim, a scrappy open source python library.

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  • Bitcoin Cryptocurrency for Beginners ????


    ATTENTION: I AM NOT ON TELEGRAM!!! To anyone who is being approached under the scam please report to Telegram. How I got Rich off Bitcoin! We've all been hearing about it. What is Bitcoin? What is cryptocurrency? How do I invest my money into crypto? This video is for all my beginners so I had to break it down for you boos. Sign up for a coinbase: & Kucoin: These are MUSTS for beginners.

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    FTC: Not sponsored. I do have a coinbase account and if you put in $100 we both get $10 credited towards our accounts They have no idea who I am, I just want that COINT!


    7 Steps Beginners Guide for Crypto:
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  • What is Cryptocurrency? A Simple Explanation


    What is Cryptocurrency?

    A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature.

    Cryptocurrencies have skyrocketed in value over the last few years. Almost everyone has heard about Bitcoin, but how many people actually know what Bitcoin is? How many people know where they come from and how they work? Our video Cryptocurrency Explained will tell you everything you need to know about cryptocurrencies in an easy to understand format.

    Cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.

    In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.“

    His goal was to invent something; many people failed to create before digital cash.

    Announcing the first release of Bitcoin, a new electronic cash system that uses a peer-to-peer network to prevent double-spending. It’s completely decentralized with no server or central authority. – Satoshi Nakamoto, 09 January 2009, announcing Bitcoin on SourceForge.

    The single most important part of Satoshi‘s invention was that he found a way to build a decentralized digital cash system. In the nineties, there have been many attempts to create digital money, but they all failed.

    … after more than a decade of failed Trusted Third Party based systems (Digicash, etc), they see it as a lost cause. I hope they can make the distinction, that this is the first time I know of that we’re trying a non-trust based system. – Satoshi Nakamoto in an E-Mail to Dustin Trammell

    After seeing all the centralized attempts fail, Satoshi tried to build a digital cash system without a central entity. Like a Peer-to-Peer network for file sharing.

    This decision became the birth of cryptocurrency. They are the missing piece Satoshi found to realize digital cash. The reason why is a bit technical and complex, but if you get it, you‘ll know more about cryptocurrencies than most people do. So, let‘s try to make it as easy as possible:

    To realize digital cash you need a payment network with accounts, balances, and transaction. That‘s easy to understand. One major problem every payment network has to solve is to prevent the so-called double spending: to prevent that one entity spends the same amount twice. Usually, this is done by a central server who keeps record about the balances.

    In a decentralized network, you don‘t have this server. So you need every single entity of the network to do this job. Every peer in the network needs to have a list with all transactions to check if future transactions are valid or an attempt to double spend.

    But how can these entities keep a consensus about this records?

    If the peers of the network disagree about only one single, minor balance, everything is broken. They need an absolute consensus. Usually, you take, again, a central authority to declare the correct state of balances. But how can you achieve consensus without a central authority?

    Nobody did know until Satoshi emerged out of nowhere. In fact, nobody believed it was even possible.

    For more blockchain guides, content, and videos, visit us at

  • How Does Bitcoin Work?


    Thanks to Away for sponsoring this video! Go to and use promo code techquickie to get $20 off your next order!

    Bitcoin has surged in popularity recently. How does it work, why do people want it, and how can you get your hands on some?

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  • Bitcoin explained and made simple | Guardian Animations


    Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came from and the impact it's having around the world. Is bitcoin the future of finance, a potential destroyer of the economy ... or just a silly slice of technical utopianism?
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  • What is Bitcoin? Bitcoin Explained Simply for Dummies


    Start trading Bitcoin and cryptocurrency here:

    Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called the blockchain, which is accessible for everyone to see.

    Bitcoin gives you complete control over your money, unlike other assets you own which are regulated by banks and governments. As bitcoin gains more popularity, more and more places accept it as a payment method.

    That's Bitcoin in a nutshell. For the complete simple explanation watch this video, here's what I'll cover:

    0:50 - What is money?
    3:10 - Fiat money
    3:43 - Fiat money drawbacks
    4:25 - Digital money
    5:34 - Centralized money issues
    7:21 - Enter Bitcoin
    7:44 - Bitcoin is transparent
    9:13 - Bitcoin is decentralized
    9:35 - Bitcoin is digital
    9:56 - Why is Bitcoin such big news?
    11:45 - Who accepts Bitcoin?
    12:05 - Conclusion

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  • How To Trade Bitcoin Cryptocurrency for Beginners


    Get an additional $10 in Bitcoins from Coinbase when purchasing through my referral link

    Here is a quick beginner's guide on how to start investing and trading cryptocurrency. Please understand that this is a high risk market and you should not invest more than what you are willing to lose.


    Since most exchanges are closed for new registration. Kucoin is my recommended exchange for trading. Here is my referral link:

    10 Things to Know about Bitcoin:

    CHC: CPKc6gk5S3zyVgD4yKSoz5M7MQxiuSCupV
    BTC: 17HjUU7YqrsAeBCeFPRjqJqmPsSfzszgD4
    ETH: 0x1275e5693CC69dB1F3d55D0D346d84fbbEC0dD6c

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  • Crypto Trading For Beginners: Introduction to Bitcoin and Cryptocurrencies


    Today we explain the basics of cryptocurrencies, using Bitcoin as our way of exploring the world of digital tokens of exchange and Blockchain technology. We also run through which cryptocurrencies you can trade with Trading212. This video aims to explain crypto for beginners, as well as more advanced traders.

    Test and practice your investment strategies in real market conditions with virtual money. Learn to trade and invest for free. -

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    #Investing #Trading #Equities #Trading212

    At Trading 212 we provide an execution-only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • How to Buy Cryptocurrency for Beginners


    This is the ultimate guide on how to buy cryptocurrency like Bitcoin, Ethereum, and other cryptocurrency for beginners. Link to the article version of this guide about how to buy bitcoin for beginners:

    ======== LINKS TO ACCESS SITES SAFELY ========

    ♦ Coinbase - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest $100:

    ♥ Signup - - Type in Referral Code: CryptoCasey and we both get $50 ????

    ♦ Malwarebytes for computer -

    ♦ Malwarebytes for mobile devices -

    ♦ ProtonMail Encrypted Email Account -

    ♦ Ledger Store -

    ♦ Trezor Store -

    ======== TABLE OF CONTENTS ========

    00:00 - Introduction

    Three Important Things to Know About Investing in Cryptocurrency

    01:36 - Important things to understand about cryptocurrency
    02:27 - The Golden Rule of investing
    03:13 - Accessing links to cryptocurrency websites safely

    Part One: 9 Steps to Take BEFORE Buying Bitcoin

    04:20 - The importance of paper notebooks in cryptocurrency
    04:54 - Using paper notebooks for storing sensitive information
    06:15 - How to create secure passwords for cryptocurrency accounts
    08:26 - Securing your computer before buying cryptocurrency
    10:56 - Securing your smartphone before buying cryptocurrency
    12:34 - Creating an encrypted email account
    14:15 - Two-factor authentication applications
    20:47 - Hardware wallets for storing cryptocurrency
    22:16 - Instructions on managing cryptocurrency

    Part Two: How to Buy Bitcoin and Other Cryptocurrency in 7 Easy Steps

    23:29 - Creating a Coinbase account
    25:04 - Connecting a funding account to Coinbase
    26:15 - Configuring security settings of Coinbase account
    27:26 - Verifying your identity
    28:22 - Buying Bitcoin, Ethereum, and other cryptocurrency
    29:38 - Transferring Bitcoin to hard wallet for offline storage
    31:43 - How to transfer Bitcoin back to Coinbase to sell or buy other cryptocurrency

    ======== VIDEO SUMMARY ========

    Part one of this guide is all about the nine steps you need to take BEFORE investing in cryptocurrency.

    In the first section, we discuss important concepts you need to understand about bitcoin and cryptocurrency. Then we walk through steps to secure your computer, cell phone, and online accounts with strong passwords and two-factor authentication applications..

    In part two of this guide, we walk through the process of actually buying cryptocurrency using one of the easiest, and safest exchanges available: Coinbase.

    In the final step, we walk through transferring bitcoin back to the Coinbase exchange to sell for fiat or other cryptocurrencies like ethereum, XRP, EOS, and more.

    If you have any additional questions about how to buy bitcoin or other cryptocurrency, feel free to contact me through one of the social media links provided in the Social Media Links section below.

    Thank you for taking the time to check out my ultimate guide on how to buy bitcoin and other cryptocurrency for beginners.

    ======== ESSENTIAL CRYPTO RESOURCES ========

    ♦ Recommended 1st Option to Buy Bitcoin/Ethereum:
    Coinbase Signup Link - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest $100 -

    ♦ Recommended 2nd Option to Buy Bitcoin/Ethereum:
    Coinmama Signup Link -

    ♦ Recommended Exchange to Buy Altcoins:
    Binance Signup Link:

    ♦ Recommended Hardware Vault:
    BC Vault Link -

    ♦ Recommended Hardware Wallet:
    Ledger Nano X Backup Pack Link -

    ♦ Recommended 2nd Hardware Wallet:
    Trezor Model T Link -

    ♦ Recommended Malware Protection for Computer & Mobile Devices:
    MalwareBytes Link -

    ♦ Recommended Encrypted Email Account for Managing Cryptocurrency Accounts:
    ProtonMail Link -

    ♦ Recommended Crypto Tax Solution:
    CryptoTrader Link -

    ======== SOCIAL MEDIA LINKS ========

    ● Facebook Page -

    ● Twitter:

    ● Instagram:

    ● Telegram:

    ● Business Contact -

    ● Website -

    ======== DONATIONS ========

    ♥ BTC - 12XfdCJqEuRRzMrcD1YaE5kHeSShdkcW3G

    ♥ ETH - 0xf94c719621E358890Dd33dD010a1fb4717EbdaE4

    ♥ LTC - LaoZLinRjD44KReqJkRtiQmUuDRSu8LEYP

  • Bitcoin and cryptocurrency mining explained


    Bitcoin and cryptocurrency mining explained with the Byzantine Generals Problem. We use it to explain the essence of cryptocurrency mining.

    The Byzantine Generals problem was first introduced in a computer science paper published in 1982. The problem discussed in the paper is that reliable computer systems must be able to function effectively in the presence of faulty components that may send conflicting information to different parts of the system. This issue is even more acute when we talk about decentralized computer networks.
    Imagine the following thought experiment:
    The Byzantine army has surrounded an enemy city. The army is organized into several units. Each unit is commanded by a general and they all need to come up with a coordinated plan of action. However, they are located away from each other and the only means to communicate among themselves is via messages. To make things more complicated, one or more of the generals are possibly traitors. The presence of disloyal generals means that misleading messages could be sent aiming to disrupt any coordinated plan of action, be it attack or retreat. To find a successful solution to this conundrum, the Byzantine army needs to find its path to coordinated action, one way or another. To achieve this, the Byzantine army needs an algorithm that works effectively towards a coordinated outcome where the loyal generals follow it and the traitors don’t.
    Now that you are familiar with the problem, let’s see its solution. It is called the Byzantine Fault Tolerance algorithm. Over the years, there have been several proposed theoretical solutions involving game theory and math.
    The first practical implementation of Byzantine Fault Tolerance algorithm came with the Bitcoin’s Proof-of-Work. In this case the “generals” are nodes on the Bitcoin network, also known as “miners”. A network node is a connection point that can receive, create, store and send data across a network. In other words, nodes are the connected dots that make up a network.
    To simplify, think of it in the following way. In the image we traditionally use to depict a blockchain, every single computer is a separate node. They are all connected and can receive, create, store, and send data to each other.
    In the context of the Byzantine Fault Tolerance algorithm, the important concept to grasp is that these mining nodes start from the assumption that nobody else on the network can be trusted.
    Proof-of-Work secures network consensus even in the presence of non-compliant nodes. That is, even if there are some Byzantine generals who are not acting in the army’s best interest, coordinated action can still be achieved. Let’s see how this mechanism works in Bitcoin.
    As we all know by now, Bitcoin is a peer-to-peer network where all activities are done by its users through appropriate software and hardware. These activities include making transactions, receiving transactions, and verifying and transmitting transactions.
    Now, this is where we need to introduce the concept of “mining”, which many of you have probably heard. Mining is an activity, carried out by network participants, which involves Proof-of-Work and results in generating new coins as a reward for the miner who successfully did this Proof-of-Work first for each new block.

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  • Free Cryptocurrency Course


    Here are more details on the full 24 hour version of this Comprehensive COMPLETE Cryptocurrency Course! I guarantee that this is THE most thorough cryptocurrency course available ANYWHERE on the market - or your money back (30 day 100% money back guarantee). Click here for the 24 hour course for only $9.99:

    Click here for all of my courses:

    This course and the many exercises in this course are for beginner or advanced users in any country!

    By an Award Winning MBA professor who is a top selling online business teacher, top selling author, former Goldman Sachs employee, Columbia MBA (finance major) and venture capitalist who has invested in and sat on the boards of cryptocurrency companies since 2013 and a hedge fund industry veteran and founder. He is also the author of the #1 best selling business course on Udemy.


    Cryptocurrency Investing
    Cryptocurrency Mining
    Cryptocurrency Wallets
    Cryptocurrency Exchanges
    Creating a Diversified Portfolio & Much More!
    Also included in this course is a very comprehensive Excel spreadsheet that contains more than 30 Cryptocurrency exercises to help you learn everything you need to know about cryptocurrencies (whether you are a beginner or an advanced user). No prior cryptocurrency or finance or accounting or tech or Excel experience is required to take this course.

    We Will Cover More than 10 Cryptocurrencies in this Course (and how to buy & sell each one, what are the pros and cons of each one & how to mine each one):

    ...and more (this course will constantly be updated with more cryptocurrencies)

    We Will Cover More than 5 Wallets in this Course (how to set one up, the pros & cons of all 5 wallet types and how to transfer money between them):

    QR Code Wallets
    Four USB Wallets (Trezor. Ledger Nano S, DigitalBitBox & KeepKey)
    ...and more (this course will constantly be updated with more wallets)

    We Will Cover the More than 5 Exchanges in this Course (how to transact with each one):

    ...& more (this course will constantly be updated with more exchanges)

    Topics Covered:

    The Future of Money & What is Blockchain?
    Introduction to 10+ Cryptocurrencies (Mining, Investing & Much More)
    Create an Investment Portfolio of Cryptocurrencies
    Understand What Makes a Great Cryptocurrency as A Great Long-Term Investment
    Introduction to 5+ Wallets to Use to Store Your Cryptocurrencies
    Introduction to 5+ Exchanges to Use to Buy or Sell Cryptocurrencies
    Introduction to Mining & Building a Mining PC from Scratch!
    Cryptocurrency Investment Framework (made in Excel)
    Watching out for Scams & Managing Risk
    What Are the Biggest Mistakes New Investors Make in Cryptocurrencies?
    How to Identify the Next Great Cryptocurrency (What to Look For & Watch Out For)
    When Should You Buy or Sell a Cryptocurrency?
    How Do You Read Charts & Look for Buy or Sell Signals
    What Makes a Great Wallet (What to Look For From Researching a Wallet)
    Introduction to ICOs + What Makes a Great ICO (What To Look For From Researching An ICO
    More than 100 Great Online Cryptocurrency Resources
    You can use the comprehensive Excel exercise document in this course on a Mac or on a PC (I recommend having Excel version 2013 or later in order to complete all of the cryptocurrency exercises in this course).

    This course and the included comprehensive Complete Cryptocurrency Excel dashboard exercise file is a roadmap for your personal & technical/finance cryptocurrency success.

    All of the tools you need to be successful with cryptocurrencies are included in this course & the entire course is based on real life Practical Knowledge and experience & not based on theory.


    No prior technology or cryptocurrency or finance or accounting or Excel experience is required to take this course. Please note that Excel 2013 (or a newer version) is recommended in order to complete some of the exercises in this course. The Excel exercises in this course work on the Windows and Mac versions of Excel.

    Who is the target audience?

    Anyone in ANY country interested in learning EVERYTHING about cryptocurrency can take this course as this 23+ hour COMPLETE course is 5+ courses in 1 (1: Investing, 2: Mining, 3: Wallets, 4: Blockchain , 5: Transacting, 6: Creating a Diversified Portfolio & Much More!)

    *** Again, I guarantee that this is THE most thorough cryptocurrency course available ANYWHERE on the market - or your money back (30 day money back guarantee). ***

    Chris Haroun

  • Earning $2000 A MONTH?! Staking Cryptocurrency | Passive Income W/ NRG and Crypto Earn


    We are earning over $60 dollars a day, or about $2000 dollars a month in passive income with cryptocurrency because we are staking coins! Subscribe to VoskCoin here! -
    Best computer for a home server and node -

    Learn how we are earning over $60 a day and over $1,800 dollars a month staking Energi NRG cryptocurrency coins on their Energi 3.0 platform here -

    Learn how we are using Crypto Earn to stake popular cryptocurrencies like Bitcoin, Ethereum, Tezos, Chainlink, MCO, and CRO along with the $50 code here -

    Please join VoskCoinTalk, the official cryptocurrency forum of VoskCoin, and simply the best crypto forum!

    There are countless ways to earn passive income online, and earning passive income with cryptocurrency is one of the most lucrative options right now! Bitcoin, cryptocurrencies, and blockchains are ushering in the next financial revolution and they enable unique methods of earning easy money online from home. Currently, we are staking Energi NRG and on their Energi 3.0 platform, this is pretty easy. We set up a dedicated server to simply help run their decentralized network and blockchain, and in exchange for doing that along with holding their coins, we are randomly rewarded with more coins! This reward mechanism is called proof of stake, and all users staking on their network are basically competing with each other to earn more coins. We are also using CryptoCom's Earn platform to stake several different cryptocurrencies, their CryptoCom coin, CRO has a very high interest rate, and you'll need some MCO in order to unlock the best benefits with their platform. They payout their staking interest rewards weekly, and you can even sell coins directly for USD right in their app!

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    VoskCoin Official Donation Addresses
    BTC - 12PsgKuhcJrEqJbD3oMN7rcEcuyqyqRznL
    ETH - 0xDEe6A2ae293F8C58Ef71649658344BbF382b6e70
    ZEC - t1ZoVF5t75NahSAfuwpcyHA8uzkPyocXpJZ

    VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.

    #PassiveIncome #WorkFromHome #Cryptocurrency #Blockchain #Energi #Crypto #NRG #VoskCoin #Ethereum

  • How Cryptocurrency Scams Work


    The cryptocurrency industry is attracting a lot of excitement and a lot of scammers. Some scammers even impersonate well-known figures, like Elon Musk, and set up fake cryptocurrency giveaways. Jane Lytvynenko breaks down how cryptocurrency scams work and how to avoid them.

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    #trackback #cryptocurrency #cryptocurrencyscams

  • Inside The Cryptocurrency Revolution


    Bitcoin’s emergence as a global digital currency has been as revolutionary as it has been erratic. But while fledgling investors obsess over every fluctuation in the cryptocurrency market, nation-states are more interested in the underlying blockchain technology and its ability to revolutionize how business is done on the internet and beyond. VICE's Michael Moynihan travels to Russia with Vitalik Buterin, inventor of the ethereum blockchain, to get a front-row seat to the geopolitical tug of war over Internet 3.0.

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  • What is the difference between Bitcoin and blockchain?


    Unlike the bitcoin application which is open, public and anonymous making its security and trust questionable - blockchain for business is private, permissioned and running on smart contracts. Explore the key differences between bitcoin and blockchain in this video.

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  • Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED


    Blockchain, the key technology behind Bitcoin, is a new network that helps decentralize trade, and allows for more peer-to-peer transactions. WIRED challenged political scientist and blockchain researcher Bettina Warburg to explain blockchain technology to 5 different people; a child, a teen, a college student, a grad student, and an expert.

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    WIRED is where tomorrow is realized. Through thought-provoking stories and videos, WIRED explores the future of business, innovation, and culture.

    Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED

  • Types of Cryptocurrency


    Types of Cryptocurrency Explained & How You Can Invest in Crypto with Your IRA

    For more information, visit:

    6 Cryptocurrencies Explained

    Digital currency is designed to work as a medium of exchange. There are many different types of cryptocurrency, but these six are among some of the more well-known currencies.

    1. Bitcoin (BTC)
    One of the most commonly known currencies, Bitcoin is considered an original cryptocurrency. It was created in 2009 as an open-source software. The author of the whitepaper that established this digital currency was under the pseudonym Satoshi Nakamoto.

    How does Bitcoin work?

    Using blockchain technology, Bitcoin allows users to make transparent peer-to-peer transactions. All users can view these transactions; however, they are secured through the algorithm within the blockchain. While everyone can see the transaction, only the owner of that Bitcoin can decrypt it with a “private key” that is given to each owner.

    Unlike a bank, there is no central authority figure in the Bitcoin. Bitcoin users control the sending and receiving of money, which allows for anonymous transactions to take place throughout the world.

    2. Litecoin (LTC)
    Litecoin was launched in 2011 as an alternative to Bitcoin. Like other cryptocurrencies, Litecoin is an open source, global payment network that is completely decentralized, meaning there are no central authorities.

    What’s the difference between Bitcoin and Litecoin?
    Here are a few differences between these digital currencies:
    - Litecoin is believed to feature faster transaction times.
    - The coin limit for Bitcoin is 21 million and Litecoin is 84 million.
    - They operate on different algorithms, Litecoin’s being “scrypt” and Bitcoin’s is “SHA-256.”

    3. Ethereum (ETH)
    Created in 2015, Ethereum is a type of cryptocurrency that is an open source platform based on blockchain technology. While tracking ownership of digital currency transactions, Ethereum blockchain also focuses on running the programming code of any decentralized application, allowing it to be used by application developers to pay for transaction fees and services on the Ethereum network.

    4. Ripple (XRP)
    Ripple was released in 2012 that acts as both a cryptocurrency and a digital payment network for financial transactions. It’s a global settlement network that is designed to create a fast, secure and low-cost method of transferring money.

    Ripple allows for any type of currency to be exchanged, from USD and Bitcoin to gold and EUR and connects to banks, unlike other currencies. Ripple also differs from other types of digital currencies because its primary focus is not for person-to-person transactions, rather for moving sums of money on a larger scale.

    5. Bitcoin Cash
    Bitcoin Cash is a type of digital currency that was created to improve certain features of Bitcoin. Bitcoin Cash increased the size of blocks, allowing more transactions to be processed faster.

    6. Ethereum Classic
    Ethereum Classic is a version of the Ethereum blockchain. It runs smart contracts on a similar decentralized platform. Smart contracts are applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interface. Like Ethereum, it provides a value token called “classic ether,” which is used to pay users for products or services.

    Cryptocurrency in an IRA:

    With Equity Trust’s Digital Asset Platform, it’s possible for you to invest in these popular cryptocurrencies that we’ve gone through in this session, in your self-directed account. Investments can grow in a tax-advantaged environment, which can be a benefit of using your self-directed account to invest in cryptocurrencies.


    Prior to making any investment decisions, please consult with the appropriate legal, tax, and/or investment professionals for advice. As a self-directed IRA custodian, ETC will not provide investment advice or risk assessment of any investment. The digital currency market may experience a high degree of volatility and clients should consult with an investment professional before any investment is made.

  • The Truth About Bitcoin and Cryptocurrency


    If you bought just $1000 of bitcoins in July 2010, you would now have over $90 million on your hands. From a mere $0.05 a pop seven years ago, the cryptocurrency has steadily been climbing in value. What’s driving bitcoin’s surge in value? Let's explore.

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  • Bitcoin explained: How do cryptocurrencies work? - BBC News


    An estimated £3-4 billion is being laundered via cryptocurrencies in Europe every year, the director of Europol has told the BBC.
    It comes as the Shadow Treasury Minister, Alison McGovern, says much speedier regulation is needed.
    But what are cryptocurrencies? Spencer Kelly explains all.

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  • Cryptocurrency Explained | What is Cryptocurrency? | Cryptocurrency Explained Simply | Simplilearn


    This Cryptocurrency Explained video will help you understand what is a cryptocurrency, how paper money came into existence, the future of cryptocurrency, features of cryptocurrency, how cryptocurrency works, what make cryptocurrencies special, what is 'crypto' in cryptocurrency and you will also see a comparison between bitcoin and an ether. A cryptocurrency is a digital or virtual currency that is meant to be a medium of exchange. Today, cryptocurrencies have become a global phenomenon known to most people but not understood by many people. So, lets deep dive into this video to understand how cryptocurrency actually works.

    Below topics are explained in this Cryptocurrency Explained video-
    1. What is cryptocurrency? ( 03:20 )
    2. What makes cryptocurrencies special? ( 04:12 )
    3. What's the 'crypto' in cryptocurrencies? ( 04:50 )
    4. Bitcoin vs Ether ( 06:39 )
    5. What's the future of cryptocurrency? ( 08:30 )

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    #Whatisblockchain #Blockchain #Blockchaintutorial #Bitcoin #Blockchainonlinetraining #Blockchainforbeginners #BlockchainTechnology #Simplilearn

    Simplilearn’s Blockchain Certification Training has been designed for developers who want to decipher the global craze surrounding Blockchain, Bitcoin and cryptocurrencies. You’ll learn the core structure and technical mechanisms of Bitcoin, Ethereum, Hyperledger and Multichain Blockchain platforms, use the latest tools to build Blockchain applications, set up your own private Blockchain, deploy smart contracts on Ethereum and gain practical experience with real-world projects.

    Why learn Blockchain?
    Blockchain technology is the brainchild of Satoshi Nakamoto, which enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, incorruptibility are some of the enticing characteristics of Blockchain. By design, Blockchain is a decentralized technology which is used by a global network of the computer to manage Bitcoin transactions easily. Many new business applications will result in the usage of Blockchain such as Crowdfunding, smart contracts, supply chain auditing, Internet of Things(IoT), etc.

    This Blockchain Certification course offers a hands-on training covering relevant topics in cryptocurrency and the wider Blockchain space. From a technological standpoint, you will develop a strong grasp of core Blockchain platforms, understand what Bitcoin is and how it works, learn key vocabulary and concepts commonly used when discussing Blockchain and understand why engineers are motivated to create an app with Ethereum. Hands-on exercises and projects will give you practical experience in real-world Blockchain development scenarios.

    After completing this course, you will be able to:
    1. Apply Bitcoin and Blockchain concepts in business situations
    2. Build compelling Blockchain applications using the Ethereum Blockchain
    3. Design, test and deploy secure Smart Contracts
    4. Use the latest version of Ethereum development tools (Web3 v1.0)
    5. Develop Hyperledger Blockchain applications using Composer Framework
    6. Model the Blockchain applications using Composer modeling language
    7. Develop front-end (client) applications using Composer API
    8. Leverage Composer REST Server to design a web-based Blockchain solution
    9. Design Hyperledger Fabric Composer Business Network 10.
    10. Understand the true purpose and capabilities of Ethereum and Solidity
    11. See practical examples of Blockchain and mining
    12. Describe the various components of Hyperledger Fabric Technology (Peers, Orderer, MSP, CA)

    The Blockchain Certification Training Course is recommended for:

    1. Developers
    2. Technologists interested in learning Ethereum, Hyperledger and Blockchain
    3. Technology architects wanting to expand their skills to Blockchain technology
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    6. Anyone interested in ERC20 tokens and ICOs

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  • How Cryptocurrency Works | NYT


    From Bitcoin to Litecoin to Ethereum, we explain how cryptocurrency transactions work.

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    Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It's all the news that's fit to watch.

  • How Bitcoin and Cryptocurrency Work | A Complete Guide


    Cryptocurrency is a complex topic that takes time and dedication to understand. This video aims to make terms like decentralization, mining, hash, and blockchain clear and intuitive. A central focus on bitcoin is used as an example, but these principals can be expanded to other cryptocurrencies. Ethereum, smart contracts, and tokens are also discussed.

    This video is a complete guide to cryptocurrencies.


    Bitcoin: 3CHgv3BLvbBufcV2b5u4gHtV9DDvFR995Y
    Ethereum: 0x5b21ccef07349578158a99fbf9b683fb9382d6da


  • Bitcoin and cryptocurrencies explained for beginners


    Bitcoin has been all over the news in recent days, reaching all-time highs then dropping thousands in minutes. So what is the hype all about?



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  • BTC TRADING FOR BEGINNERS | Cryptocurrency Exchange w/ PDAX | Philippines


    This video was the old version of PDAX

    Don't forget to input the referral code: JHAZEL when cashing in atleast P1000 to get P30 BONUS! (Bonus may reflect on your balance after 3-5 days)

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    This video is for educational and entertainment purposes only. There is no guarantee that you will earn any money using the techniques and ideas mentioned in this video. This is not financial advice. Your level of success in attaining the results claimed in this video will require hard-work, experience, and knowledge. We have taken reasonable steps to ensure that the information on this video is accurate, but we cannot represent that the website(s) mentioned in this video are free from errors. You expressly agree not to rely upon any information contained in this video.


    Ephesians 2:8-9 King James Version (KJV)
    For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: Not of works, lest any man should boast.
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  • What Is Bitcoin / Cryptocurrency & How Does It Work?


    There is a lot of miss-conception about cryptocurrencies, this video explains what exactly is cryptocurrency, what is a blockchain and how it works, we'll mainly talk about bitcoin but the general idea is more or less the same.

    This video is part of the ultimate dark web, privacy, security and anonymity course

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  • Cryptocurrency explained by Bill Gates - Bitcoin and Cryptocurrencies


    Cryptocurrency explained by Bill Gates - Bitcoin and Cryptocurrencies

    Information from Wikipedia about cryptocurrency.

    Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly known. In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers. In case of decentralized cryptocurrency, companies or governments cannot produce new units, and have not so far provided backing for other firms, banks or corporate entities which hold asset value measured in it. The underlying technical system upon which decentralized cryptocurrencies are based was created by the group or individual known as Satoshi Nakamoto.

    As of March 2015, hundreds of cryptocurrency specifications exist; most are similar to and derived from the first fully implemented decentralized cryptocurrency, bitcoin. Within cryptocurrency systems the safety, integrity and balance of ledgers is maintained by a community of mutually distrustful parties referred to as miners: members of the general public using their computers to help validate and timestamp transactions adding them to the ledger in accordance with a particular timestamping scheme.

    The security of cryptocurrency ledgers is based on the assumption that the majority of miners are honestly trying to maintain the ledger, having financial incentive to do so.

    Most cryptocurrencies are designed to gradually decrease production of currency, placing an ultimate cap on the total amount of currency that will ever be in circulation, mimicking precious metals. Compared with ordinary currencies held by financial institutions or kept as cash on hand, cryptocurrencies are less susceptible to seizure by law enforcement. Not in citation given. Existing cryptocurrencies are all pseudo-anonymous, though additions such as Zerocoin and its distributed laundry feature have been suggested, which would allow for true anonymity.

    There are around 700+ cryptocurrencies in the market and BitCoin is the most known. Yet there is many more cryptocurrencies out there that increase in the market capaitalization. As for example Ripple, Ethereum, Litecoin and MORE.

  • Creating My Own Cryptocurrency


    yes, new bitcoin

    i made my own cryptocurrency implementation using blockchain tech and python, kinda like Bitcoin or Facebook's Libra but worse


    if you liked the video, subscribe, like, and comment feedback :)

    s/o to corey shafer and simplyexplainedsavjee

    bg music is non copyright (kid ocean)

    #nang #crypto #bitcoin #tech #programming #entertainment #make #youtube #create #python #facebook #libra #etherium #nang #cryptocurrency #funny #lol #youtubechannel

  • What is a Cryptocurrency and How Does it Work ?


    What is Bitcoin? Well, that is not the correct question to ask. Bitcoin is a cryptocurrency so better ask What is a Cryptocurrency and How Does it Works ?

    A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets.] Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

    How bitcoin works?

    As a new user, you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once.

    Balances - block chain

    The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography.

    Transactions - private keys

    A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining.

    Processing - mining

    Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spend

  • BREAKING: US Banks Just Gave the GREEN LIGHT to Cryptocurrency Investors Going into 2021!


    Breaking cryptocurrency news today as US banking regulators authorizes federal banks to hold reserves for stablecoin cryptocurrencies! The U.S. Office of the Comptroller of the Currency sent a letter to US Banks giving them the green light! Let's discuss!

    We also review best NFT cryptocurrencies, the first cryptocurrency ETF in Bermuda, & more daily crypto news.

    What do you think? What impact will this decision have in 2021?

    Altcoin Daily, the best cryptocurrency news media online!

    How I Would Invest $1000 in Cryptocurrency in 2020

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    00:00 Intro
    00:28 Stablecoins + Bitcoin Adoption
    03:16 Best Non-Fungible Tokens
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  • How Cryptocurrency Works


    Wall Street Journal reporter Paul Vigna gives us a crash course on cryptocurrency.
    Please LIKE & SUBSCRIBE if you enjoyed!
    **More info & videos below**

    For full episodes, check out

    Cryptocurrency is a new digital method of transmitting money, the most popular form of which is called Bitcoin. Today there are more than 300 forms of digital currency and it appears that this technological form of money is here to stay. Hari Sreenivasan hits down with Paul Vigna, Wall Street Journal reporter and author of The Age of Cryptocurrency.

    “SciTech Now” is a new weekly, half-hour newsmagazine program focusing on “the nexus of new ideas.” Hosted by Hari Sreenivasan, anchor of “PBS NewsHour Weekend” and a senior correspondent for the nightly program, “SciTech Now” tackles topics including technology, scientific discovery and innovation.


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  • Cryptocurrency Wallets Explained | What are Crypto Wallets?


    In short, a crypto wallet is a tool that you can use to interact with a blockchain network. There are various crypto wallet types which can be divided into three groups: software, hardware, and paper wallets. Depending on their working mechanisms, they may also be referred to as hot or cold wallets.

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  • How to Trade Cryptocurrency!


    How to Trade Cryptocurrency!

    At it's base level, cryptocurrency trading is fairly simple. You use an exchange and you swap your money for whatever crypto you want. But then what?

    Where do you keep it? Can you trade that first coin for different ones? Is it safe with the exchange? In this guide we answer all those questions and more. Stay tuned for our next video where we talk about the more technical details of reading charts and data!

    For more videos, courses, and guides, visit us over at

  • Tech Breakdown: What is cryptocurrency?


    From Bitcoin to Facebook's Libra, you may have heard a lot about cryptocurrencies but still struggle to understand them. So, what are they exactly and what can we do with them?

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  • Cryptocurrency explained


    So what is cryptocurrency? How does bitcoin differ from money in the bank?
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  • Cryptocurrency Explained in 3 Minutes


    What is cryptocurrency? How does blockchain work? Does cryptocurrency have a place in your longterm investment portfolio? If you're hearing a lot about Bitcoin, Ethereum, Litecoin and all the others, but arent's sure why cryptocurrency is so popular or what you're supposed to do with it, I give you a crash course in only 3 minutes!

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  • Cryptocurrency Basics: How Bitcoin Works


    I've had many people request this from me, so I am creating a basic video for how cryptocurrencies work.

    I know it's a very basic video but I figure it is better to get something out there for you guys than have nothing at all!

    Feel free to share this with your family and friends in the space. This is a fairly rough video, Let me know what you think, I may make a more advanced version in the future.

  • Everything You Need To Know About Cryptocurrency Exchanges


    Cryptocurrency exchanges are websites where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euro.
    It’s important to do a little homework before you start trading. Here are a few things you should check before making your first trade.

    Bitcoin interest has been growing lately, and with that comes volatility. Bitcoin is currently much more volatile than any other currency, making it a prime candidate for arbitrage.

  • Cryptocurrency & Bitcoin - What You Need To Know About Bitcoin


    *Satoshi Nakamoto is a pseudonym* Cryptocurrency like Bitcoin has been a hot topic. Here's Cryptocurrency & Bitcoin explained - the good, the bad, and how to profit from Bitcoin
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    The Truth About Cryptocurrency & Investing in Bitcoin
    0:18 - How cryptocurrency and bitcoin was created
    1:15 - Why do we have cryptocurrency
    1:47 - Can you create cryptocurrency & bitcoin mining
    2:30 - Types of cryptocurrencies
    2:51 - Downsides of cryptocurrency
    4:30 - Profit by trading or investing in cryptocurrency & bitcoin
    5:36 - Profit by being a Bitcoin lender

    What Is The Minority Mindset?
    The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset.

    Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000.

    Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #ThinkMinority #Crypto

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  • Joburgs cryptocurrency millionaire


    The price of bitcoin has grown from about $1000 at the beginning of this year to currently over 15 000 US dollars. Just in October one Bitcoin cost around R60 000 in rands, now it hovers at around R240 000 and R250 000. Similar to markets the bitcoin responds to developments, and the recent surge is speculated to be due to the announcement by two global markets that have announced their intention to legitimatize it as an asset class for mainstream investors. With us in studio is Mpho Dagada, the author of How I Became a Millionaire at 21, Bitcoin.

    For more news, visit:

  • How to Buy Cryptocurrency for Beginners Pt 1


    Check Out the UPDATED Version of this Ultimate Guide Here:

    This video will teach you how to buy cryptocurrency for beginners step-by-step safely in 10 easy steps.

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    Link to the article version of this guide:

    Learning how to invest in cryptocurrency before putting your money into it is extremely important.

    Unlike banks, credit unions, or traditional stock exchanges, there are no pre-built fail safes in this technology to protect your funds. It's up to you to take the necessary steps before buying cryptocurrency to ensure the security of your investments.

    Cryptocurrency is cutting-edge technology, it’s the modern day wild wild west, so it requires some focused time and energy to wrap your head around.

    Luckily for you, I’ve done a lot of the leg work to compile this step-by-step guide to ensure you receive the knowledge and understanding you need to be successful in cryptocurrency investments.

    In this step-by-step video, you will be walked through the process of setting up passwords, new email accounts, 2-factor authentication apps, wallets, malware protection, and all the essential steps you need to take to protect yourself.

    Always remember the golden rule of investing: NEVER invest more than you can afford to lose. High risk can lead high reward and we humans have a natural tendency to want to overreach.

    But you need to figure out an amount you are comfortable investing and, more importantly, an amount you can truly afford to invest - then you need to stick with that amount and be patient in the process.

    Cryptocurrency is a lot more volatile and unpredictable than the stock market. Unlike the 9 to 5 New York stock exchange, cryptocurrency is traded around the world 24/7.

    So if you want to get a good night’s sleep as a crypto investor, you need to budget the amount of money you are going to invest and stick to it.

    You will learn how to buy cryptocurrency in 10 easy steps. Feel free to reach out if you have any questions about how to buy cryptocurrency.

    ======== ESSENTIAL CRYPTO RESOURCES ========

    ♦ Recommended 1st Option to Buy Bitcoin/Ethereum:
    Coinbase Signup Link - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest $100 -

    ♦ Recommended 2nd Option to Buy Bitcoin/Ethereum:
    Coinmama Signup Link -

    ♦ Recommended Exchange to Buy Altcoins:
    Binance Signup Link:

    ♦ Recommended Hardware Vault:
    BC Vault Link -

    ♦ Recommended Hardware Wallet:
    Ledger Nano X Backup Pack Link -

    ♦ Recommended 2nd Hardware Wallet:
    Trezor Model T Link -

    ♦ Recommended Malware Protection for Computer & Mobile Devices:
    MalwareBytes Link -

    ♦ Recommended Encrypted Email Account for Managing Cryptocurrency Accounts:
    ProtonMail Link -

    ♦ Recommended Crypto Tax Solution:
    CryptoTrader Link -

    ======== SOCIAL MEDIA LINKS ========

    ● Facebook:

    ● Twitter:

    ● Instagram:

    ● Telegram:

    ● Business Contact:

    ● Website:

    ======== DONATIONS ========

    ♥ BTC - 12XfdCJqEuRRzMrcD1YaE5kHeSShdkcW3G

    ♥ ETH - 0xf94c719621E358890Dd33dD010a1fb4717EbdaE4

    ♥ LTC - LaoZLinRjD44KReqJkRtiQmUuDRSu8LEYP

  • Binance Exchange Tutorial 2020: How To BUY And SELL Cryptocurrencies?


    New Binance exchange tutorial 2020. How to deposit and withdraw, how to use the exchange itself and we also discuss some more features of the Binance platform. Interested in buying Litecoin, Chainlink, XRP, VeChain, Tezos or an other crytocurrency? Then check out this tutorial!

    Register on Binance (get 10% off fees):
    Register on Coinbase (get $10):

    #Binance #tutorial #cryptocurrencies


    *** Social media ***

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    *** Exchanges ***

    Register on Binance (get 10% off fees):

    Register on Coinbase (get $10):


    *** Crypto cards *** (get $50 bonus):
    Code is: youngandinvesting


    *** Crypto hardware wallets ***

    Buy a Ledger hardware wallet:

    Buy a Trezor hardware wallet:


  • How does the cryptocurrency Bitcoin work?


    You want to dive deep into the world of finance and management? Visit us:

    Imagine you want to send 1,000 € from Germany to Indonesia via a bank. Due to complex processes between international banks, the transaction will take some time and will cost transaction fees. This means that of the 1,000 € you originally sent, only 900 € may arrive in Indonesia two weeks later.

    With Bitcoins on the contrary, you can send money very quickly, with low transaction fees and on a worldwide basis. You could send the equivalent of 1000 € to Indonesia, where it would arrive in full after only ten minutes.

    Bitcoins are based on the blockchain technology. A blockchain is a distributed ledger that is synchronised between multiple computers. These computers, or nodes, together maintain the Bitcoin network. The nodes contribute the hardware and electricity which the blockchain needs to operate and are themselves paid for it with Bitcoins. This process, called mining, provides incentive to its participants and ensures that the blockchain continues, even if a single node leaves the network.

    The value of Bitcoins is determined by their scarcity. The total number of Bitcoins that can be mined is limited to a maximum of 21 million coins. At its current rate of development, Bitcoin and other cryptocurrencies will likely play an important role in future global trade.

  • 3 Easy Online Jobs ????| Cryptocurrency Online Job???? | Work at Home Jobs????| Legitimate Online Jobs


    3 Easy Online Jobs | Cryptocurrency Online Job | Work at Home Jobs| Legitimate Online Jobs

    In this video, I will be providing the information on how to make money online from legit online jobs. You might be able to make income from online jobs and create additional an income source. These are the 3 inline jobs that make it very unique. In this video, I mentioned a cryptocurrency online job or the crypto online job. These are some of the best online jobs in USA. Also, these are 3 easy online with potentnail to be high paying online jobs and also legit online jobs. Great online work from home jobs in this video

    These are the website links for the jobs available in the USA -
    AI Online Job -
    Kraken Cryptocurrency Online Job - Content Screener -

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    DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support!

    DISCLAIMER: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read and/or view here.

  • What is a Cryptocurrency Wallet? Simple To understand Video


    What is a Cryptocurrency Wallet? Simple To understand Video


    What is a Cryptocurrency Wallet?
    A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance. If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.

    Cryptocurrency Wallet Guide: A Step-By-Step Tutorial

    How do they work?
    Millions of people use cryptocurrency wallets, but there is considerable misunderstanding about how they work. Unlike traditional ‘pocket’ wallets, digital wallets don’t store currency. In fact, currencies don’t get stored in any single location or exist anywhere in any physical form. All that exists are records of transactions stored on the blockchain.

    Train to Become A Blockchain Developer
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    Cryptocurrency wallets are software programs that store your public and private keys and interface with various blockchain so users can monitor their balance, send money and conduct other operations. When a person sends you bitcoins or any other type of digital currency, they are essentially signing off ownership of the coins to your wallet’s address. To be able to spend those coins and unlock the funds, the private key stored in your wallet must match the public address the currency is assigned to. If public and private keys match, the balance in your digital wallet will increase, and the senders will decrease accordingly. There is no actual exchange of real coins. The transaction is signified merely by a transaction record on the blockchain and a change in balance in your cryptocurrency wallet.

    Cryptocurrency Wallet Guide

    What are the different types of Cryptocurrencywallets?
    There are several types of wallets that provide different ways to store and access your digital currency. Wallets can be broken down into three distinct categories – software, hardware, and paper. Software wallets can be a desktop, mobile or online.

    Desktop: wallets are downloaded and installed on a PC or laptop. They are only accessible from the single computer in which they are downloaded. Desktop wallets offer one of the highest levels of security however if your computer is hacked or gets a virus there is the possibility that you may lose all your funds.

    Online: wallets run on the cloud and are accessible from any computing device in any location. While they are more convenient to access, online wallets store your private keys online and are controlled by a third party which makes them more vulnerable to hacking attacks and theft.

    Mobile: wallets run on an app on your phone and are useful because they can be used anywhere including retail stores. Mobile wallets are usually much smaller and simpler than desktop wallets because of the limited space available on a mobile.

    Hardware: wallets differ from software wallets in that they store a user’s private keys on a hardware device like a USB. Although hardware wallets make transactions online, they are stored offline which delivers increased security. Hardware wallets can be compatible with several web interfaces and can support different currencies; it just depends on which one you decide to use. What’s more, making a transaction is easy. Users simply plug in their device to any internet-enabled computer or device, enter a pin, send currency and confirm. Hardware wallets make it possible to easily transact while also keeping your money offline and away from danger.

    Paper: wallets are easy to use and provide a very high level of security. While the term paper wallet can simply refer to a physical copy or printout of your public and private keys, it can also refer to a piece of software that is used to securely generate a pair of keys which are then printed. Using a paper wallet is relatively straightforward. Transferring Bitcoin or any other currency to your paper wallet is accomplished by the transfer of funds from your software wallet to the public address shown on your paper wallet. Alternatively, if you want to withdraw or spend currency, all you need to do is transfer funds from your paper wallet to your software wallet. This process, often referred to as ‘sweeping,’ can either be done manually by entering your private keys or by scanning the QR code on the paper wallet.

  • How Bitcoin and Cryptocurrency Works - A Case Study For Entrepreneurs


    How Bitcoin and Cryptocurrency Works by the Biz Doc on Valuetainment. Don't forget to subscribe to Valuetainment

    Visit the official Valuetainment Store for gear:

    Download the free PDF here:

    In this episode Tom describes the many different kinds of cryptocurrencies, the most popular companies and how Bitcoin and cryptocurrency works.

  • Bitcoin - The Cryptocurrency Explained


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    Cryptocurrency, as the name suggests, are currencies which are generated by computer codes, thus it has no issuing agency. Any cryptocurrency is generated by ‘miners’ on a cryptocurrency network like bitcoin that solves complex mathematical problems.

    Bitcoin is the name of the oldest and most popular cryptocurrency network as well as the unit of currency generated by the same network. Except the fact that it is virtual and decentralized, bitcoin behaves very much like any real currency you know.

    Whatever the Bitcoin price is at the moment, we tried to explain the concepts of bitcoin and how it works in a simplified manner. We hope you learn something from the video. Some other sources will be given below if you want further details.

    The Bitcoin whitepapers by Satoshi Nakamoto:

    Other sources:

    Music Masterpiece:
    Beethoven - Moonlight Sonata

    Thank You and Farewell until next time!

  • 11 Free Apps That Pay You Bitcoin and Other Cryptocurrencies


    Here are 11 free apps that pay you Bitcoin and other cryptocurrencies. Go to for video notes, related content, tips, and helpful resources mentioned.
    YouTube Tools I Use:
    Tubebuddy -

    VidIQ -
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    Enjoy the video! Let me know what you think, ask me a question, or suggest something I cover in the future in the comments below! I'd love to hear from you!

    Disclaimer: Some links on this page contain affiliate links in which I get paid a commission if a purchase is made. I only endorse products or services I've used or gotten great feedback from. In most cases, I endorse products without being an affiliate or receiving any compensation and would never recommend anything if I had concerns that you might not be satisfied with it.

  • Bill Poulos Presents: Bitcoin & Cryptocurrencies Explained In 5 Mins. Bitcoin For Beginners.


    Bill Poulos & Profits Run Present:
    How To Invest In Bitcoin For Beginners (Buy Or Sell)

    Bitcoin investing (bitcoin trading) is explained simply in this entertaining and informative 5 minute training video which uses fun cartoon-based scenarios to help you learn how to invest in Bitcoin and how to understand Bitcoin at a high level.

    If you've ever been confused by Bitcoin investing in the past, this video will clear up any confusion you may have had.

    Also, if you're looking to learn how to understand just what Bitcoin is, you will learn a little about Bitcoin mining, blockchain, and more in this short video.

    For more information, get my free dummies guide to Bitcoin invest here:

    Learn more about Bill Poulos here: &

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