Bitcoin Course | Big Picture Basics - Lesson 4 - Networks & Hashpower

Free Course Full Lesson https://hashpower.academy/lessons/4-networks-hashpower/
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This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] well we are now halfway through the big picture basics in which module 1 to 3 took us through the concepts of the physical side of bitcoin’s network and we went through it in order of producing energy transferring on our grids consuming it in mining machines and those machines produce hash power which delves into the digital side of things hash power is what updates the blockchain module 5 and on the blockchain is where we store all of our transactions and financial information and all the contracts and agreements that we make with each other and module 6 being Bitcoin as money and all of the topics that that contains now now one of the most important things to understand about the digital side of Bitcoin is that it’s very paradoxical and what I mean by that is what you think might be the answer is actually completely opposite to the truth and that’s the way it just works but it’s really interesting so I hope you [Music] enjoy

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