Bitcoin: How Cryptocurrencies Work

From Elon Musk to your grandma, we all know about the cryptocurrency Bitcoin, but how does it actually work? Hosted by: Michael ArandaSpecial Thanks: Dalton HubbleSciShow has a spinoff podcast! It's called SciShow Tangents. Check it out at http://www.scishowtangents.org----------Learn more about Cryptography: https://www.youtube.com/watch?v=-yFZGF8FHSg----------Support SciShow by becoming a patron on Patreon: https://www.patreon.com/scishow----------Dooblydoo thanks go to the following Patreon supporters—we couldn't make SciShow without them! Shout out to Bella Nash, Kevin Bealer, Mark Terrio-Cameron, Patrick Merrithew, Charles Southerland, Fatima Iqbal, Benny, Kyle Anderson, Tim Curwick, Will and Sonja Marple, Philippe von Bergen, Bryce Daifuku, Chris Peters, Patrick D. Ashmore, Charles George, Bader AlGhamdi----------Like SciShow? Want to help support us, and also get things to put on your walls, cover your torso and hold your liquids? Check out our awesome products over at DFTBA Records: http://dftba.com/scishow----------Looking for SciShow elsewhere on the internet?Facebook: http://www.facebook.com/scishowTwitter: http://www.twitter.com/scishowTumblr: http://scishow.tumblr.comInstagram: http://instagram.com/thescishow----------Sources:https://bitinfocharts.com/ https://chrispacia.wordpress.com/2013/09/02/bitcoin-mining-explained-like-youre-five-part-2-mechanics/https://www.youtube.com/watch?v=Lx9zgZCMqXEhttps://www.youtube.com/watch?v=nQZUi24TrdIhttps://bitcoin.org/en/how-it-workshttp://www.forbes.com/sites/investopedia/2013/08/01/how-bitcoin-works/#36bd8b2d25eehttp://www.makeuseof.com/tag/how-does-bitcoin-work/https://blockchain.info/charts/total-bitcoinshttps://en.bitcoin.it/wiki/Controlled_supplyhttps://www.bitcoinmining.com/http://bitamplify.com/mobile/?a=news Image Sources:https://commons.wikimedia.org/wiki/File:Cryptocurrency_Mining_Farm.jpg