Bitcoin for Dummies – Blockchain and Bitcoin SIMPLE Explanation

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▶ YOUTUBE: https://bit.ly/2Bp6amp In this video (Crypto Ep1) summed up as Bitcoin for dummies, we cover some facts about bitcoin itself and how blockchain works in simple terms. We cover a bit about how exchanges work, how bitcoin wallets work and how bitcoin transactions work. I will expand a bit on what bitcoin mining is and how this keeps the network in check. We also touch on alt coins and what these are as well as a short explanation of ICOs.

Time Stamps for this cryptocurrency video:

0:50 - bitcoin simple explanation
3:50 – How to get involved and but bitcoin on exhcanges
4:30 – Bitcoin and cryptocurrency wallets
8:30 – How does blockchain technology work (the bitcoin blockchain)
13:20 – How does bitcoin mining work
17:45 – Alt coins explained (other cryptocurrencies)
19:42 – ICOs (Initial Coin Offerings) explained

Links:

Exchanges:

https://www.coinbase.com

https://www.poloniex.com

https://www.bittrex.com

https://www.binance.com

https://www.bitfinex.com
Wallets (COLD to HOT):

Hardware Wallet (RECOMMENDED):

Trezor Hardware Wallet:

Black - https://goo.gl/22kmDU
White - https://goo.gl/TFPNBf

Ledger Nano S Hardware Wallet:

https://goo.gl/vWZCeV
Desktop Wallet:

https://www.exodus.io

https://jaxx.io
Online Wallet:

https://www.cryptonator.com
Websites showing the latest ICOs:

https://www.icoalert.com

https://www.coinschedule.com
Hope you enjoyed this bitcoin for dummies video where we gave a blockchain and bitcoin simple explanation. None of this is financial advice, just sharing a bit about the areas I look into.

Видео Bitcoin for Dummies – Blockchain and Bitcoin SIMPLE Explanation канала Dan Rodgers