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This is a technical explanation for everyone on how cryptocurrencies really work, their transactions, mining, their origins, problems and much more. How does mining work? Is it worth mining? You will not only learn the history of Bitcoin and how it works but you will also understand the principles and mechanisms behind it. In this video I also explain how Ethereum works and what Ether is used for. Do you want to build a PC? 💻 Budgets ➞ https://nategentile.com Learn Programming and Computer Science: 👨🎓 My academy ➞ https://mastermind.ac Series: 🖥️ PC Assembly ➞ https://bit.ly/30OCj3M 💾 Computer Disclosure ➞ https://bit.ly/3nx4Ch2 ⚙️ Hardware Videos ➞ https://bit.ly/3nxTGzE 🧰 PC Modding ➞ https://bit.ly/34DeY6o ⌨️ Mechanical Keyboard Guides ➞ https://bit.ly/2Gxz7Tz 🖱️ Gaming Mouse Guides ➞ https://bit.ly/3nGFRzh 💻 Laptops ➞ https://bit.ly/3jFUxvX 🎧 Gaming Headphones ➞ https://bit.ly/3iL1jzg 👁️🗨️ Retro PC ➞ https://bit.ly/2GFq1Ec ⚗️ Nate Labs ➞ https://bit.ly/30P6Grc Social Networks: 📷 Instagram ➞ / nategentile7 🐦 Twitter ➞ / nategentile7 🔴 Twitch ➞ / nategentile7 Timestamps: 0:00 Introduction 0:38 Digital Money 2:00 Bitcoin System 4:12 Block Chain 5:48 Bitcoin Rules 7:24 Hash 9:37 Contents of a Block 11:38 Avoiding Fraud 12:59 Proof of Work System 17:52 The 10 minutes 19:33 Origin of Bitcoins 22:00 Ethereum and Smart Contracts 23:11 Farewell