How Does Bitcoin Mining Work? Explained With Python Code
Many people are aware that Bitcoin is mined, but few people know why it is mined, and even fewer understand the details of how it is mined. In this video, I go over Bitcoin's Proof Of Work(POW) algorithm with Python code and explain why Bitcoin takes up so much energy mining.
Github:https://github.com/mallorbc/python_BT...
Timestamps
00:00 - Intro
01:19 - Explaining Bitcoin POW
01:44 - Explaining Hashing
04:01 - Bitcoin POW Difficulty
05:26 - Explaining Nonces
07:16 - Difficulty Impact on POW
08:08 - Code Explained For POW Demo
09:42 - POW Demo With Different Difficulties
10:48 - Validators Can Instantly Verify Work
11:57 - Bitcoin POW Difficulty Over Time
12:56 - Outro And Future Plans
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