Why Does Bitcoin Use Blockchain?

𝗚𝗲𝘁 𝗧𝗵𝗲 𝗨𝗹𝘁𝗶𝗺𝗮𝘁𝗲 𝗚𝘂𝗶𝗱𝗲 𝗧𝗼 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗖𝗼𝘂𝗿𝘀𝗲:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I discuss Satoshi's real innovation, which is combining blockchain with distributed proof of work. Blockchain by itself is not very interesting.

Blockchain provides a way of showing if the history of transactions has been tampered with. But only by adding in proof of work do you make it impossible to edit the history of transactions, thus ensuring the immutability of the ledger.

Satoshi's genius was combining blockchain, distributed proof of work, a network of nodes, public/private key cryptography, etc.

People who say "blockchain, not Bitcoin" are either altcoin scammers or people who simply don't understand what a blockchain does.

Not investment advice! Consult a financial advisor.

My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/

Hash power calculator:
https://coinguides.org/hashpower-converter-calculator/

SHA-256 calculator:
https://xorbin.com/tools/sha256-hash-calculator

History of blockchain:
https://en.wikipedia.org/wiki/Blockchain#history

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

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#blockchain
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