ByteSize Blockchain
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2 selected videos
Mining, Proof of Work, and why Bitcoin is Backed by Time.
In bitcoin, we refer to those that validate transactions and create bitcoin as ‘miners’. In Blockchain and cryptocurrency, “miners” rely on computers and code as tools, and use electricity as the fuel, or cost to mine. The blockchain and the value of bitcoin are backed by the laws of math and the most precious resource of all: TIME itself.
Related topics : bitcoin transactions time
Bitcoin Security: Not Your Keys, Not Your Bitcoin
The problems with @Coinbase, #MtGox and other Centralized Exchanges. If you don't control your keys, you don't control your #bitcoin
#ByteSizeBlockchain
Related topics : bitcoin security problems
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