Channel: Simply Explained

Category: Science & Technology

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Description: Mining Bitcoin or Ethereum is a hard task for your computer. But why? And what does the difficulty have to do with the security of blockchains? Learn all about blockchains, consensus algorithms and why difficulty adjustment is crucial to keep everything operating at an optimal (and safe) level. 💰 Get $10 of free Bitcoin: Use my Coinbase affiliate link, and we'll both get $10 of free Bitcoin when you deposit $100: coinbase.com/join/decuyp_9 🌍 Social Twitter: twitter.com/Savjee Facebook: facebook.com/Savjee Blog: savjee.be 💌 Newsletter: newsletter.savjee.be (no more than once a month) ❤️ Become a Simply Explained member: youtube.com/channel/UCnxrdFPXJMeHru_b4Q_vTPQ/join 📚 Sources Citations: savjee.be/videos/simply-explained/mining-difficulty Blog: savjee.be