Bitcoin – The Ledger or Minting

How does a Bitcoin get created out of thin air? The answer: Minting. But what does mining Bitcoins actually look like. Also, in this session we will discuss the concept of “Proof of Work” which is at the heart of the system. Finally, the unique equilibrium Blockchain balances between number of users, computational power, the desire to mint a coin at a steady pace, and the assurance that the value of coins remain the same.Bonus: This session contains the key explanation to the Bitcoin protocol and the main components that typically are not explained by other ‘What is Blockchain” videos or texts. If you get through this one, you passed the biggest hurdle in understanding the mechanics of this new crypto world.