-
Bitcoin - Transaction block chains
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-transaction-block-chains
The mechanics of a bitcoin transaction block chain, which is a construct that is generated by bitcoin miners and functions as a global ledger for recording and validating bitcoins.
More free lessons at: http://www.khanacademy.org/video?v=QzDO44oZWtE
Video by Zulfikar Ramzan. Zulfikar Ramzan is a world-leading expert in computer security and cryptography and is currently the Chief Scientist at Sourcefire. He received his Ph.D. in computer science from MIT.
published: 02 May 2013
-
Bitcoin Transactions - from "Send" to "Receive"
Start trading Bitcoin and cryptocurrency here: http://bit.ly/2OGi9pw
Learn all about what happens to a single Bitcoin from the moment you hit send in your wallet until it's received on the other side.
Here's what I'll cover:
0:54 - Signing a transaction
2:22 - Broadcasting a transaction
3:22 - Using a block explorer
4:30 - Transaction Confirmation
6:10 - Conclusion
For the complete text guide visit:
http://bit.ly/2Qw6w02
Join our 7-day Bitcoin crash course absolutely free:
http://bit.ly/2pB4X5B
Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel:
http://bit.ly/2BVbxeF
See anything we haven't covered? Leave us a comment in the comment section below
published: 21 Sep 2017
-
How Bitcoin Transactions Work? Explained in 4 minutes | With Example | For beginner
Thanks for watching
All the pictures are downloaded from the following links:
Boy pic : https://www.freepik.com/vectors/hand
Women : https://www.freepik.com/vectors/abstract
wallet : https://www.freepik.com/vectors/background
clothes : https://www.freepik.com/vectors/sale
https://undraw.co
#blockchain
#bitcoin
#howbitcoinworks
#bitcoin transaction
#transaction
#wallet
#BTC
#btcwallet
#cryptocurrency
published: 10 Oct 2020
-
Bitcoin Transaction Explained in 5 Minutes
In this quick video, we do our best to explain the mechanics of a single Bitcoin transaction in 5 minutes or less. We explain things like addresses, wallet apps, private keys, and the blockchain.
Coupon Code for the course: https://www.udemy.com/bitcoin-and-cryptocurrency-bootcamp/?couponCode=MAGIC_LAUNCH_CODE
If you're ready to launch your career as a software engineer, check out my job-guaranteed bootcamp with Springboard: https://springboard.com/workshops/software-engineering-career-track/?utm_source=coltsteele&utm_medium=youtubedescription&utm_campaign=sec
published: 21 May 2018
-
But how does bitcoin actually work?
The math behind cryptocurrencies.
Help fund future projects: https://www.patreon.com/3blue1brown
An equally valuable form of support is to simply share some of the videos.
Special thanks to these supporters: http://3b1b.co/btc-thanks
This video was also funded with help from Protocol Labs: https://protocol.ai/join/
Some people have asked if this channel accepts contributions in cryptocurrency form. As a matter of fact, it does:
http://3b1b.co/crypto
ENS: 3b1b.eth
2^256 video: https://youtu.be/S9JGmA5_unY
Music by Vincent Rubinetti: https://soundcloud.com/vincerubinetti/heartbeat
Here are a few other resources I'd recommend:
Original Bitcoin paper: https://bitcoin.org/bitcoin.pdf
Block explorer: https://blockexplorer.com/
Blog post by Michael Nielsen: https://goo.gl/BW1RV3
(This is ...
published: 07 Jul 2017
-
How to Trace Bitcoin Transactions (and avoid yours being traced)
In this video I show you a common way that bitcoin transactions can be traced, and some methods to avoid your transactions being traced.
view bitcoin transaction history visually https://oxt.me/
₿💰💵💲Help Support the Channel by Donating Crypto💲💵💰₿
Monero
45F2bNHVcRzXVBsvZ5giyvKGAgm6LFhMsjUUVPTEtdgJJ5SNyxzSNUmFSBR5qCCWLpjiUjYMkmZoX9b3cChNjvxR7kvh436
Bitcoin
3MMKHXPQrGHEsmdHaAGD59FWhKFGeUsAxV
Ethereum
0xeA4DA3F9BAb091Eb86921CA6E41712438f4E5079
Litecoin
MBfrxLJMuw26hbVi2MjCVDFkkExz8rYvUF
Dash
Xh9PXPEy5RoLJgFDGYCDjrbXdjshMaYerz
Zcash
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Chainlink
0x0f7f21D267d2C9dbae17fd8c20012eFEA3678F14
Bitcoin Cash
qz2st00dtu9e79zrq5wshsgaxsjw299n7c69th8ryp
Etherum Classic
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USD Coin
0x0B045f743A693b225630862a3464B52fefE...
published: 27 Feb 2021
-
Are Bitcoin Transaction Fees Too High?
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
In this video, I discuss whether Bitcoin transaction fees are too high, and where I think they are headed in the long term.
Unless you want to institute a tail emission for Bitcoin, you need to accept the fact that almost all Bitcoin miner revenue will eventually come from transaction fees.
Wanting transaction fees to stay low forever is a little bit like wanting Bitcoin prices to stay low forever-- it will result in a Bitcoin network that is not secure and powerful enough to be able to support a global economy.
Ordinals, inscriptions, and BRC-20 tokens are causing a spike in transaction fees that is a foretaste of a permanently higher fee regime.
The good news is that higher transaction fees will allow only the most e...
published: 21 Dec 2023
-
How Do Bitcoin Transaction Fees Work?
A Beginner's Guide To Bitcoin:
https://www.amazon.com/gp/product/B08RX8Q4ZQ
In this video, I discuss how Bitcoin transaction fees work, in the context of unconfirmed transactions waiting in the mempool to be picked up by a miner.
The more crowded the mempool, the higher transaction fees will usually be.
Transaction fees are also determined by the amount of data in your transaction. If you have more inputs or outputs, you will pay a higher fee.
At the end of the video, I discuss the importance of doing consolidation transactions when the mempool is relatively empty and fees are low. This will save you money if you ever need to move that Bitcoin later on, by consolidating it into a single UTXO.
Not investment advice! Consult a financial advisor.
Examples of large amounts of Bitcoin bei...
published: 04 Nov 2021
-
bitcoin Whitepaper Explained
Discover the essence of Bitcoin through our comprehensive video explanation of its white paper. Uncover the principles, innovations, and possibilities of this groundbreaking cryptocurrency.
"Ready to dive into the world of Bitcoin? Get started with up to $50,000 in free trading bonus for early registrants! Click the link to claim your bonus now.
https://partner.bybit.com/b/btcprophecy
Remember, trading carries risks and the content shared is for entertainment purposes only. Always conduct your own research before investing."
published: 20 Feb 2024
-
Tracking Bitcoin Transactions (Forensics) - Programmer explains
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SoundCloud: https://soundcloud.com/ivanontech
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RSS (add in any app yourself): https://feeds.soundcloud.com/users/soundcloud:users:747558916/sounds.rss
**Disclaimer**
Please be advised that I own a diverse portfolio of cryptocurrency as I wish...
published: 07 Dec 2019
11:25
Bitcoin - Transaction block chains
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/...
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-transaction-block-chains
The mechanics of a bitcoin transaction block chain, which is a construct that is generated by bitcoin miners and functions as a global ledger for recording and validating bitcoins.
More free lessons at: http://www.khanacademy.org/video?v=QzDO44oZWtE
Video by Zulfikar Ramzan. Zulfikar Ramzan is a world-leading expert in computer security and cryptography and is currently the Chief Scientist at Sourcefire. He received his Ph.D. in computer science from MIT.
https://wn.com/Bitcoin_Transaction_Block_Chains
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-transaction-block-chains
The mechanics of a bitcoin transaction block chain, which is a construct that is generated by bitcoin miners and functions as a global ledger for recording and validating bitcoins.
More free lessons at: http://www.khanacademy.org/video?v=QzDO44oZWtE
Video by Zulfikar Ramzan. Zulfikar Ramzan is a world-leading expert in computer security and cryptography and is currently the Chief Scientist at Sourcefire. He received his Ph.D. in computer science from MIT.
- published: 02 May 2013
- views: 239680
6:38
Bitcoin Transactions - from "Send" to "Receive"
Start trading Bitcoin and cryptocurrency here: http://bit.ly/2OGi9pw
Learn all about what happens to a single Bitcoin from the moment you hit send in your wall...
Start trading Bitcoin and cryptocurrency here: http://bit.ly/2OGi9pw
Learn all about what happens to a single Bitcoin from the moment you hit send in your wallet until it's received on the other side.
Here's what I'll cover:
0:54 - Signing a transaction
2:22 - Broadcasting a transaction
3:22 - Using a block explorer
4:30 - Transaction Confirmation
6:10 - Conclusion
For the complete text guide visit:
http://bit.ly/2Qw6w02
Join our 7-day Bitcoin crash course absolutely free:
http://bit.ly/2pB4X5B
Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel:
http://bit.ly/2BVbxeF
See anything we haven't covered? Leave us a comment in the comment section below
https://wn.com/Bitcoin_Transactions_From_Send_To_Receive
Start trading Bitcoin and cryptocurrency here: http://bit.ly/2OGi9pw
Learn all about what happens to a single Bitcoin from the moment you hit send in your wallet until it's received on the other side.
Here's what I'll cover:
0:54 - Signing a transaction
2:22 - Broadcasting a transaction
3:22 - Using a block explorer
4:30 - Transaction Confirmation
6:10 - Conclusion
For the complete text guide visit:
http://bit.ly/2Qw6w02
Join our 7-day Bitcoin crash course absolutely free:
http://bit.ly/2pB4X5B
Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel:
http://bit.ly/2BVbxeF
See anything we haven't covered? Leave us a comment in the comment section below
- published: 21 Sep 2017
- views: 198997
4:20
How Bitcoin Transactions Work? Explained in 4 minutes | With Example | For beginner
Thanks for watching
All the pictures are downloaded from the following links:
Boy pic : https://www.freepik.com/vectors/hand
Women : https://www.freepik.com/...
Thanks for watching
All the pictures are downloaded from the following links:
Boy pic : https://www.freepik.com/vectors/hand
Women : https://www.freepik.com/vectors/abstract
wallet : https://www.freepik.com/vectors/background
clothes : https://www.freepik.com/vectors/sale
https://undraw.co
#blockchain
#bitcoin
#howbitcoinworks
#bitcoin transaction
#transaction
#wallet
#BTC
#btcwallet
#cryptocurrency
https://wn.com/How_Bitcoin_Transactions_Work_Explained_In_4_Minutes_|_With_Example_|_For_Beginner
Thanks for watching
All the pictures are downloaded from the following links:
Boy pic : https://www.freepik.com/vectors/hand
Women : https://www.freepik.com/vectors/abstract
wallet : https://www.freepik.com/vectors/background
clothes : https://www.freepik.com/vectors/sale
https://undraw.co
#blockchain
#bitcoin
#howbitcoinworks
#bitcoin transaction
#transaction
#wallet
#BTC
#btcwallet
#cryptocurrency
- published: 10 Oct 2020
- views: 1195
5:21
Bitcoin Transaction Explained in 5 Minutes
In this quick video, we do our best to explain the mechanics of a single Bitcoin transaction in 5 minutes or less. We explain things like addresses, wallet app...
In this quick video, we do our best to explain the mechanics of a single Bitcoin transaction in 5 minutes or less. We explain things like addresses, wallet apps, private keys, and the blockchain.
Coupon Code for the course: https://www.udemy.com/bitcoin-and-cryptocurrency-bootcamp/?couponCode=MAGIC_LAUNCH_CODE
If you're ready to launch your career as a software engineer, check out my job-guaranteed bootcamp with Springboard: https://springboard.com/workshops/software-engineering-career-track/?utm_source=coltsteele&utm_medium=youtubedescription&utm_campaign=sec
https://wn.com/Bitcoin_Transaction_Explained_In_5_Minutes
In this quick video, we do our best to explain the mechanics of a single Bitcoin transaction in 5 minutes or less. We explain things like addresses, wallet apps, private keys, and the blockchain.
Coupon Code for the course: https://www.udemy.com/bitcoin-and-cryptocurrency-bootcamp/?couponCode=MAGIC_LAUNCH_CODE
If you're ready to launch your career as a software engineer, check out my job-guaranteed bootcamp with Springboard: https://springboard.com/workshops/software-engineering-career-track/?utm_source=coltsteele&utm_medium=youtubedescription&utm_campaign=sec
- published: 21 May 2018
- views: 29602
25:16
But how does bitcoin actually work?
The math behind cryptocurrencies.
Help fund future projects: https://www.patreon.com/3blue1brown
An equally valuable form of support is to simply share some of ...
The math behind cryptocurrencies.
Help fund future projects: https://www.patreon.com/3blue1brown
An equally valuable form of support is to simply share some of the videos.
Special thanks to these supporters: http://3b1b.co/btc-thanks
This video was also funded with help from Protocol Labs: https://protocol.ai/join/
Some people have asked if this channel accepts contributions in cryptocurrency form. As a matter of fact, it does:
http://3b1b.co/crypto
ENS: 3b1b.eth
2^256 video: https://youtu.be/S9JGmA5_unY
Music by Vincent Rubinetti: https://soundcloud.com/vincerubinetti/heartbeat
Here are a few other resources I'd recommend:
Original Bitcoin paper: https://bitcoin.org/bitcoin.pdf
Block explorer: https://blockexplorer.com/
Blog post by Michael Nielsen: https://goo.gl/BW1RV3
(This is particularly good for understanding the details of what transactions look like, which is something this video did not cover)
Video by CuriousInventor: https://youtu.be/Lx9zgZCMqXE
Video by Anders Brownworth: https://youtu.be/_160oMzblY8
Ethereum white paper: https://goo.gl/XXZddT
Timestamps:
0:00 - Introduction
2:25 - Ledgers and digital signatures
7:21 - The ledger is the currency
10:06 - Decentralization
12:26 - Cryptographic hash functions
14:38 - Proof of work and blockchains
19:42 - Double spending
21:41 - Block times, halvenings, and transaction fees
24:40 - Thanks
------------------
Animations are largely made using manim, a scrappy open-source python library. https://github.com/3b1b/manim
If you want to check it out, I feel compelled to warn you that it's not the most well-documented tool, and has many other quirks you might expect in a library someone wrote with only their own use in mind.
Music by Vincent Rubinetti.
Download the music on Bandcamp:
https://vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown
Stream the music on Spotify:
https://open.spotify.com/album/1dVyjwS8FBqXhRunaG5W5u
If you want to contribute translated subtitles or to help review those that have already been made by others and need approval, you can click the gear icon in the video and go to subtitles/cc, then "add subtitles/cc". I really appreciate those who do this, as it helps make the lessons accessible to more people.
------------------
3blue1brown is a channel about animating math, in all senses of the word animate. And you know the drill with YouTube, if you want to stay posted on new videos, subscribe, and click the bell to receive notifications (if you're into that).
If you are new to this channel and want to see more, a good place to start is this playlist: http://3b1b.co/recommended
Various social media stuffs:
Website: https://www.3blue1brown.com
Twitter: https://twitter.com/3Blue1Brown
Patreon: https://patreon.com/3blue1brown
Facebook: https://www.facebook.com/3blue1brown
Reddit: https://www.reddit.com/r/3Blue1Brown
https://wn.com/But_How_Does_Bitcoin_Actually_Work
The math behind cryptocurrencies.
Help fund future projects: https://www.patreon.com/3blue1brown
An equally valuable form of support is to simply share some of the videos.
Special thanks to these supporters: http://3b1b.co/btc-thanks
This video was also funded with help from Protocol Labs: https://protocol.ai/join/
Some people have asked if this channel accepts contributions in cryptocurrency form. As a matter of fact, it does:
http://3b1b.co/crypto
ENS: 3b1b.eth
2^256 video: https://youtu.be/S9JGmA5_unY
Music by Vincent Rubinetti: https://soundcloud.com/vincerubinetti/heartbeat
Here are a few other resources I'd recommend:
Original Bitcoin paper: https://bitcoin.org/bitcoin.pdf
Block explorer: https://blockexplorer.com/
Blog post by Michael Nielsen: https://goo.gl/BW1RV3
(This is particularly good for understanding the details of what transactions look like, which is something this video did not cover)
Video by CuriousInventor: https://youtu.be/Lx9zgZCMqXE
Video by Anders Brownworth: https://youtu.be/_160oMzblY8
Ethereum white paper: https://goo.gl/XXZddT
Timestamps:
0:00 - Introduction
2:25 - Ledgers and digital signatures
7:21 - The ledger is the currency
10:06 - Decentralization
12:26 - Cryptographic hash functions
14:38 - Proof of work and blockchains
19:42 - Double spending
21:41 - Block times, halvenings, and transaction fees
24:40 - Thanks
------------------
Animations are largely made using manim, a scrappy open-source python library. https://github.com/3b1b/manim
If you want to check it out, I feel compelled to warn you that it's not the most well-documented tool, and has many other quirks you might expect in a library someone wrote with only their own use in mind.
Music by Vincent Rubinetti.
Download the music on Bandcamp:
https://vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown
Stream the music on Spotify:
https://open.spotify.com/album/1dVyjwS8FBqXhRunaG5W5u
If you want to contribute translated subtitles or to help review those that have already been made by others and need approval, you can click the gear icon in the video and go to subtitles/cc, then "add subtitles/cc". I really appreciate those who do this, as it helps make the lessons accessible to more people.
------------------
3blue1brown is a channel about animating math, in all senses of the word animate. And you know the drill with YouTube, if you want to stay posted on new videos, subscribe, and click the bell to receive notifications (if you're into that).
If you are new to this channel and want to see more, a good place to start is this playlist: http://3b1b.co/recommended
Various social media stuffs:
Website: https://www.3blue1brown.com
Twitter: https://twitter.com/3Blue1Brown
Patreon: https://patreon.com/3blue1brown
Facebook: https://www.facebook.com/3blue1brown
Reddit: https://www.reddit.com/r/3Blue1Brown
- published: 07 Jul 2017
- views: 15358348
14:25
How to Trace Bitcoin Transactions (and avoid yours being traced)
In this video I show you a common way that bitcoin transactions can be traced, and some methods to avoid your transactions being traced.
view bitcoin transact...
In this video I show you a common way that bitcoin transactions can be traced, and some methods to avoid your transactions being traced.
view bitcoin transaction history visually https://oxt.me/
₿💰💵💲Help Support the Channel by Donating Crypto💲💵💰₿
Monero
45F2bNHVcRzXVBsvZ5giyvKGAgm6LFhMsjUUVPTEtdgJJ5SNyxzSNUmFSBR5qCCWLpjiUjYMkmZoX9b3cChNjvxR7kvh436
Bitcoin
3MMKHXPQrGHEsmdHaAGD59FWhKFGeUsAxV
Ethereum
0xeA4DA3F9BAb091Eb86921CA6E41712438f4E5079
Litecoin
MBfrxLJMuw26hbVi2MjCVDFkkExz8rYvUF
Dash
Xh9PXPEy5RoLJgFDGYCDjrbXdjshMaYerz
Zcash
t1aWtU5SBpxuUWBSwDKy4gTkT2T1ZwtFvrr
Chainlink
0x0f7f21D267d2C9dbae17fd8c20012eFEA3678F14
Bitcoin Cash
qz2st00dtu9e79zrq5wshsgaxsjw299n7c69th8ryp
Etherum Classic
0xeA641e59913960f578ad39A6B4d02051A5556BfC
USD Coin
0x0B045f743A693b225630862a3464B52fefE79FdB
Subscribe to my YouTube channel http://goo.gl/9U10Wz
and be sure to click that notification bell so you know when new videos are released.
https://wn.com/How_To_Trace_Bitcoin_Transactions_(And_Avoid_Yours_Being_Traced)
In this video I show you a common way that bitcoin transactions can be traced, and some methods to avoid your transactions being traced.
view bitcoin transaction history visually https://oxt.me/
₿💰💵💲Help Support the Channel by Donating Crypto💲💵💰₿
Monero
45F2bNHVcRzXVBsvZ5giyvKGAgm6LFhMsjUUVPTEtdgJJ5SNyxzSNUmFSBR5qCCWLpjiUjYMkmZoX9b3cChNjvxR7kvh436
Bitcoin
3MMKHXPQrGHEsmdHaAGD59FWhKFGeUsAxV
Ethereum
0xeA4DA3F9BAb091Eb86921CA6E41712438f4E5079
Litecoin
MBfrxLJMuw26hbVi2MjCVDFkkExz8rYvUF
Dash
Xh9PXPEy5RoLJgFDGYCDjrbXdjshMaYerz
Zcash
t1aWtU5SBpxuUWBSwDKy4gTkT2T1ZwtFvrr
Chainlink
0x0f7f21D267d2C9dbae17fd8c20012eFEA3678F14
Bitcoin Cash
qz2st00dtu9e79zrq5wshsgaxsjw299n7c69th8ryp
Etherum Classic
0xeA641e59913960f578ad39A6B4d02051A5556BfC
USD Coin
0x0B045f743A693b225630862a3464B52fefE79FdB
Subscribe to my YouTube channel http://goo.gl/9U10Wz
and be sure to click that notification bell so you know when new videos are released.
- published: 27 Feb 2021
- views: 105741
13:30
Are Bitcoin Transaction Fees Too High?
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
In this video, I discuss whether Bitcoin transaction fees are too high, and where I think th...
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
In this video, I discuss whether Bitcoin transaction fees are too high, and where I think they are headed in the long term.
Unless you want to institute a tail emission for Bitcoin, you need to accept the fact that almost all Bitcoin miner revenue will eventually come from transaction fees.
Wanting transaction fees to stay low forever is a little bit like wanting Bitcoin prices to stay low forever-- it will result in a Bitcoin network that is not secure and powerful enough to be able to support a global economy.
Ordinals, inscriptions, and BRC-20 tokens are causing a spike in transaction fees that is a foretaste of a permanently higher fee regime.
The good news is that higher transaction fees will allow only the most economically dense transactions to occur at the base layer, while encouraging the development of higher layers or payment rails.
The bad news is that small UTXO sizes combined with high fees may make life difficult for pleb hodlers.
Not investment advice! Consult a financial advisor.
Bitcoin fees meme:
https://twitter.com/allenf32/status/1726541210284949742
Recent blocks where the transaction fees were equal to or greater than the block subsidy:
https://mempool.space/block/000000000000000000041802d1e36499adfe62219a8fa080ff6a29bfb51145c6
https://mempool.space/block/00000000000000000000653a2389a42549943c859e414f451f86944ac60b411b
https://mempool.space/block/000000000000000000040fee31ec7c6960e85f3d3a414aec257e64a26d0fe38e
Clark Moody's Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/
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.
#Bitcoin
#ordinals
#bitcoinmining
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
https://wn.com/Are_Bitcoin_Transaction_Fees_Too_High
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
In this video, I discuss whether Bitcoin transaction fees are too high, and where I think they are headed in the long term.
Unless you want to institute a tail emission for Bitcoin, you need to accept the fact that almost all Bitcoin miner revenue will eventually come from transaction fees.
Wanting transaction fees to stay low forever is a little bit like wanting Bitcoin prices to stay low forever-- it will result in a Bitcoin network that is not secure and powerful enough to be able to support a global economy.
Ordinals, inscriptions, and BRC-20 tokens are causing a spike in transaction fees that is a foretaste of a permanently higher fee regime.
The good news is that higher transaction fees will allow only the most economically dense transactions to occur at the base layer, while encouraging the development of higher layers or payment rails.
The bad news is that small UTXO sizes combined with high fees may make life difficult for pleb hodlers.
Not investment advice! Consult a financial advisor.
Bitcoin fees meme:
https://twitter.com/allenf32/status/1726541210284949742
Recent blocks where the transaction fees were equal to or greater than the block subsidy:
https://mempool.space/block/000000000000000000041802d1e36499adfe62219a8fa080ff6a29bfb51145c6
https://mempool.space/block/00000000000000000000653a2389a42549943c859e414f451f86944ac60b411b
https://mempool.space/block/000000000000000000040fee31ec7c6960e85f3d3a414aec257e64a26d0fe38e
Clark Moody's Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/
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.
#Bitcoin
#ordinals
#bitcoinmining
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
- published: 21 Dec 2023
- views: 17805
15:43
How Do Bitcoin Transaction Fees Work?
A Beginner's Guide To Bitcoin:
https://www.amazon.com/gp/product/B08RX8Q4ZQ
In this video, I discuss how Bitcoin transaction fees work, in the context of uncon...
A Beginner's Guide To Bitcoin:
https://www.amazon.com/gp/product/B08RX8Q4ZQ
In this video, I discuss how Bitcoin transaction fees work, in the context of unconfirmed transactions waiting in the mempool to be picked up by a miner.
The more crowded the mempool, the higher transaction fees will usually be.
Transaction fees are also determined by the amount of data in your transaction. If you have more inputs or outputs, you will pay a higher fee.
At the end of the video, I discuss the importance of doing consolidation transactions when the mempool is relatively empty and fees are low. This will save you money if you ever need to move that Bitcoin later on, by consolidating it into a single UTXO.
Not investment advice! Consult a financial advisor.
Examples of large amounts of Bitcoin being sent for very low fees:
https://decrypt.co/46346/someone-just-sent-1-billion-in-bitcoin-paid-only-3-in-fees
https://cointelegraph.com/news/bitcoin-worth-2-billion-moves-for-just-78-cents
https://cointelegraph.com/news/someone-transferred-a-billion-dollars-in-bitcoin-for-less-than-5
Mempool.space:
https://mempool.space/
Block 708,168:
https://mempool.space/block/00000000000000000000c02c87d5b5038a9a136c924607929a0edb5a61c947da
vByte definition:
https://river.com/learn/terms/v/vbyte/
Setting transaction fees on a Trezor:
https://wiki.trezor.io/Transaction_fee
Sometimes the mempool is almost empty:
https://www.cryptodefinance.com/bitcoin-mempool-almost-empty-china-mining-ban/
Mempool by vBytes:
https://mempool.space/graphs#6m
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
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.
#Bitcoin
#BitcoinFees
#Mempool
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
https://wn.com/How_Do_Bitcoin_Transaction_Fees_Work
A Beginner's Guide To Bitcoin:
https://www.amazon.com/gp/product/B08RX8Q4ZQ
In this video, I discuss how Bitcoin transaction fees work, in the context of unconfirmed transactions waiting in the mempool to be picked up by a miner.
The more crowded the mempool, the higher transaction fees will usually be.
Transaction fees are also determined by the amount of data in your transaction. If you have more inputs or outputs, you will pay a higher fee.
At the end of the video, I discuss the importance of doing consolidation transactions when the mempool is relatively empty and fees are low. This will save you money if you ever need to move that Bitcoin later on, by consolidating it into a single UTXO.
Not investment advice! Consult a financial advisor.
Examples of large amounts of Bitcoin being sent for very low fees:
https://decrypt.co/46346/someone-just-sent-1-billion-in-bitcoin-paid-only-3-in-fees
https://cointelegraph.com/news/bitcoin-worth-2-billion-moves-for-just-78-cents
https://cointelegraph.com/news/someone-transferred-a-billion-dollars-in-bitcoin-for-less-than-5
Mempool.space:
https://mempool.space/
Block 708,168:
https://mempool.space/block/00000000000000000000c02c87d5b5038a9a136c924607929a0edb5a61c947da
vByte definition:
https://river.com/learn/terms/v/vbyte/
Setting transaction fees on a Trezor:
https://wiki.trezor.io/Transaction_fee
Sometimes the mempool is almost empty:
https://www.cryptodefinance.com/bitcoin-mempool-almost-empty-china-mining-ban/
Mempool by vBytes:
https://mempool.space/graphs#6m
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
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.
#Bitcoin
#BitcoinFees
#Mempool
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
- published: 04 Nov 2021
- views: 22331
2:33
bitcoin Whitepaper Explained
Discover the essence of Bitcoin through our comprehensive video explanation of its white paper. Uncover the principles, innovations, and possibilities of this g...
Discover the essence of Bitcoin through our comprehensive video explanation of its white paper. Uncover the principles, innovations, and possibilities of this groundbreaking cryptocurrency.
"Ready to dive into the world of Bitcoin? Get started with up to $50,000 in free trading bonus for early registrants! Click the link to claim your bonus now.
https://partner.bybit.com/b/btcprophecy
Remember, trading carries risks and the content shared is for entertainment purposes only. Always conduct your own research before investing."
https://wn.com/Bitcoin_Whitepaper_Explained
Discover the essence of Bitcoin through our comprehensive video explanation of its white paper. Uncover the principles, innovations, and possibilities of this groundbreaking cryptocurrency.
"Ready to dive into the world of Bitcoin? Get started with up to $50,000 in free trading bonus for early registrants! Click the link to claim your bonus now.
https://partner.bybit.com/b/btcprophecy
Remember, trading carries risks and the content shared is for entertainment purposes only. Always conduct your own research before investing."
- published: 20 Feb 2024
- views: 2
15:13
Tracking Bitcoin Transactions (Forensics) - Programmer explains
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**Disclaimer**
Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.
This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.
bitcoin, cryptocurrency, crypto, altcoin, altcoin daily, blockchain, decentralized, news, best investment, top altcoins, ripple, ethereum, tron, stellar, binance, cardano, xrp, litecoin, 2019, 2020, crash, bull run, bottom, crash, tether, bitfinex, rally, tone vays, ivan on tech, chico, video, youtube, macro, price, prediction, podcast, interview, trump, finance, stock, investment, halving, halvening, too late, when, fed, federal reserve, interest rates, rates, cut, economy, stock market,
Good Morning Crypto
Ivan on Tech by Ivan Liljeqvist
https://wn.com/Tracking_Bitcoin_Transactions_(Forensics)_Programmer_Explains
✅ WATCH LIVE DAILY: https://ivanontech.com/live
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RSS (add in any app yourself): https://feeds.soundcloud.com/users/soundcloud:users:747558916/sounds.rss
**Disclaimer**
Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.
This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.
bitcoin, cryptocurrency, crypto, altcoin, altcoin daily, blockchain, decentralized, news, best investment, top altcoins, ripple, ethereum, tron, stellar, binance, cardano, xrp, litecoin, 2019, 2020, crash, bull run, bottom, crash, tether, bitfinex, rally, tone vays, ivan on tech, chico, video, youtube, macro, price, prediction, podcast, interview, trump, finance, stock, investment, halving, halvening, too late, when, fed, federal reserve, interest rates, rates, cut, economy, stock market,
Good Morning Crypto
Ivan on Tech by Ivan Liljeqvist
- published: 07 Dec 2019
- views: 61762