An academic lecture by Andreas M. Antonopoulos explaining the consensus algorithm, "Proof of Work", used by bitcoin and many other blockchains. Andreas is a UCL alum.
Chapters
0:00 Introduction
1:38 What is bitcoin?
3:07 SHA-256
21:28 Consensus rules
23:47 25 bitcoin reward
26:38 Who sets the validation rules?
28:46 Bitcoin blockchain technology explained
46:23 Other protocols for consensus
47:14 The longest chain and blocks
51:07 Bitcoin mining
53:27 How often does a fork happen?
1:06:41 Every node has to fully validate from the genesis block to today
1:08:31 Nakamoto consensus
1:09:14 Scaling other consensus algorithms
1:10:44 Consensus algorithm as a scientific discipline
1:11:51 Process consensus
1:13:02 Reference consensus
1:13:25 5 consensus constituencies
1:15:33 It's not so easy to shift consensus in bitcoin
1:17:33 How many transactions can you get done in 10 minutes?
1:21:43 Bitcoin and Moore's law
This talk was presented in collaboration with the Department of Computer Science at University College London.
If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:
RELATED:
What is Consensus: Rules without Rulers - Bitcoin Security: Bubble Boy and the Sewer Rat - Bitcoin, A New Species of Money: An Evolutionary Perspective on Currency - Measuring Success: Price or Principle - Why Open Blockchains Matter - Decentralised Globalisation - Investing in Education instead of Speculation - Beyond Price: Bitcoin's Impact on the Future - How does the Blockstream satellite work? - Regulation and the bank boycott - Remittances and smuggling in Venezuela - Bitcoin as everyday currency - What is the appeal of sound money? - Hyperbitcoinization - Why permissioned blockchains fail - Protocol development security - How to avoid re-creating systems of control - Wallets, nodes, and monetary sovereignty - Is bitcoin testing governments? - Will governments let privacy coins exist? - Geopolitics and state-sponsored attacks - Governance and social attack immunity - Sanctions and censorship resistance - State-sponsored digital currencies and trust minimization - Taxation and failed societies -
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop Website:
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!
MASTERING BITCOIN, 2nd Edition:
Translations of MASTERING BITCOIN:
THE INTERNET OF MONEY, v1:
THE INTERNET OF MONEY, v2:
Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - French, 'L'internet de l'argent' (v1) - Russian, 'Интернет денег' (v1) - Vietnamese, 'Internet Của Tiền Tệ' (v1) -
MASTERING ETHEREUM (Q4):
Music: "Unbounded" by Orfan (Outro Graphics: Phneep (Outro Art: Rock Barcellos (Join the aantonop Channel: #in bitcoin investieren anfänger #verschenkt elon musk bitcoin #why is bitcoin going down
Consensus Algorithms, Blockchain Technology and Bitcoin UCL - by Andreas M. Antonopoulos [8QVCBeyQj7J]
An academic lecture by Andreas M. Antonopoulos explaining the consensus algorithm, "Proof of Work", used by bitcoin and many other blockchains. Andreas is a UCL alum.
Chapters
0:00 Introduction
1:38 What is bitcoin?
3:07 SHA-256
21:28 Consensus rules
23:47 25 bitcoin reward
26:38 Who sets the validation rules?
28:46 Bitcoin blockchain technology explained
46:23 Other protocols for consensus
47:14 The longest chain and blocks
51:07 Bitcoin mining
53:27 How often does a fork happen?
1:06:41 Every node has to fully validate from the genesis block to today
1:08:31 Nakamoto consensus
1:09:14 Scaling other consensus algorithms
1:10:44 Consensus algorithm as a scientific discipline
1:11:51 Process consensus
1:13:02 Reference consensus
1:13:25 5 consensus constituencies
1:15:33 It's not so easy to shift consensus in bitcoin
1:17:33 How many transactions can you get done in 10 minutes?
1:21:43 Bitcoin and Moore's law
This talk was presented in collaboration with the Department of Computer Science at University College London.
If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:
RELATED:
What is Consensus: Rules without Rulers - Bitcoin Security: Bubble Boy and the Sewer Rat - Bitcoin, A New Species of Money: An Evolutionary Perspective on Currency - Measuring Success: Price or Principle - Why Open Blockchains Matter - Decentralised Globalisation - Investing in Education instead of Speculation - Beyond Price: Bitcoin's Impact on the Future - How does the Blockstream satellite work? - Regulation and the bank boycott - Remittances and smuggling in Venezuela - Bitcoin as everyday currency - What is the appeal of sound money? - Hyperbitcoinization - Why permissioned blockchains fail - Protocol development security - How to avoid re-creating systems of control - Wallets, nodes, and monetary sovereignty - Is bitcoin testing governments? - Will governments let privacy coins exist? - Geopolitics and state-sponsored attacks - Governance and social attack immunity - Sanctions and censorship resistance - State-sponsored digital currencies and trust minimization - Taxation and failed societies -
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop Website:
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!
MASTERING BITCOIN, 2nd Edition:
Translations of MASTERING BITCOIN:
THE INTERNET OF MONEY, v1:
THE INTERNET OF MONEY, v2:
Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - French, 'L'internet de l'argent' (v1) - Russian, 'Интернет денег' (v1) - Vietnamese, 'Internet Của Tiền Tệ' (v1) -
MASTERING ETHEREUM (Q4):
Music: "Unbounded" by Orfan (Outro Graphics: Phneep (Outro Art: Rock Barcellos (Join the aantonop Channel: #in bitcoin investieren anfänger #verschenkt elon musk bitcoin #why is bitcoin going down