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EPISODES:
Lecture 1 – Intro to Crypto and Cryptocurrencies Lecture 2 – How Bitcoin Achieves Decentralization Lecture 3 – Mechanics of Bitcoin Lecture 4 – How to Store and Use Bitcoins Lecture 5 – Bitcoin Mining Lecture 6 – Bitcoin and Anonymity Lecture 7 – Community, Politics, and Regulation Lecture 8 – Alternative Mining Puzzles Lecture 9 – Bitcoin as a Platform Lecture 10 – Altcoins and the Cryptocurrency Ecosystem Lecture 11 – The future of Bitcoin?

Lecture 2 – How Bitcoin Achieves Decentralization

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Second lecture of the Bitcoin and cryptocurrency technologies online course.

In this lecture (click the time to jump to the section):
* Centralization vs. decentralization 1:12
* Distributed consensus 4:45
* Consensus without identity: the block chain 17:46
* Incentives and proof of work 35:43
* Putting it all together 55:39

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