Cryptocurrency Explained: Understanding “Double-spend”, Block Re-Organization, & Consensus [Bitcoin]

Today there were headlines about a “double-spend” in bitcoin! Many took that to mean that bitcoin has a catastrophic flaw (it doesn’t) or the network is not secure (it is) or that bitcoin is somehow broken (it’s not). Watch this video to learn the truth about what a double-spend is, what it’s not, and how to separate FUD from facts. tl;dw: Nothing abnormal happened.

Are you interested in really understanding bitcoin? In this video, aantonop (one of the most trusted, unbiased sources of crypto info) answered questions bitcoin transactions, network double spends, how consensus works, and much more. Don’t miss Andreas’ version of what happens if you let someone drive away with your car after only 1 confirmation.

COMMENT with your questions and let us know how you like this video.

SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1

JOIN this YouTube channel to become a YouTube Community Member and access custom emojis and other perks: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join

BECOME a Community Builder: https://patreon.com/aantonop

You may already know that Andreas’ mission is to educate as many people as possible about Bitcoin and open blockchain technologies. Watching and sharing these videos is one way to do that. Thank you for being part of this mission!

About aantonop: Andreas isn’t promoting a company or an organization; he’s paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com

***Learn More From Andreas’ Workshops, Books & Events**
Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8
Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: https://aantonop.io/shop
Patreon: https://patreon.com/aantonop
Website: https://aantonop.com
Workshops: https://aantonop.com/workshops

***Connect with Andreas on Socials***
Facebook: https://www.facebook.com/AndreasMAntonopoulos
Instagram: https://www.instagram.com/amantonop/
LinkedIn: https://www.linkedin.com/company/aantonop/
Twitter: https://twitter.com/aantonop

Music: “Unbounded” by Orfan (https://twitter.com/grassfedbitcoin)

Thanks for watching!

(Visited 16 times, 1 visits today)

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

kusama
Kusama (KSM) 175,51 0,94%
compound-governance-token
Compound (COMP) 386,49 6,24%
dash
Dash (DASH) 133,72 0,15%
zcash
Zcash (ZEC) 98,06 0,76%
yearn-finance
yearn.finance (YFI) 27.262,02 0,63%
bitcoin
Bitcoin (BTC) 31.961,75 3,30%
ethereum
Ethereum (ETH) 2.210,92 0,13%
tether
Tether (USDT) 0,842851 0,46%
cardano
Cardano (ADA) 1,15 1,15%
xrp
XRP (XRP) 0,599484 1,58%
dogecoin
Dogecoin (DOGE) 0,165570 1,93%
polkadot
Polkadot (DOT) 15,48 1,10%
usd-coin
USD Coin (USDC) 0,842851 0,02%
uniswap
Uniswap (UNI) 19,20 1,52%
bitcoin-cash
Bitcoin Cash (BCH) 445,17 2,48%
chainlink
Chainlink (LINK) 19,44 5,46%
matic-network
Polygon (MATIC) 0,859708 2,86%
solana
Solana (SOL) 31,74 6,70%
litecoin
Litecoin (LTC) 116,30 2,60%
stellar
Stellar (XLM) 0,228806 1,76%
ethereum-classic
Ethereum Classic (ETC) 41,89 1,51%
eos
EOS (EOS) 3,38 1,86%
tron
TRON (TRX) 0,057268 1,84%
filecoin
Filecoin (FIL) 47,11 0,33%
aave
Aave (AAVE) 301,60 10,94%
monero
Monero (XMR) 203,93 4,24%
dai
Dai (DAI) 0,842851 0,29%
tezos
Tezos (XTZ) 2,65 1,42%
cosmos
Cosmos (ATOM) 10,70 0,51%
algorand
Algorand (ALGO) 0,697354 1,03%