But How Does Bitcoin Actually Work?

Explore the mathematical foundations of cryptocurrencies in this 25-minute video from 3Blue1Brown. Delve into the core concepts of bitcoin, including digital ledgers, cryptographic signatures, decentralization, and blockchain technology. Learn about proof of work, double spending prevention, block times, and transaction fees. Gain a comprehensive understanding of how cryptocurrencies function through clear explanations and engaging animations.

- Introduction
- Ledgers and digital signatures
- The ledger is the currency
- Decentralization
- Cryptographic hash functions
- Proof of work and blockchains
- Double spending
- Block times, halvenings, and transaction fees
- Thanks