Bitcoin: How Cryptocurrencies Work

The video explains Bitcoin, a digital currency that operates without a central authority, relying on a decentralized network and cryptography. It introduces the concept of blockchain, a global ledger recording all transactions, and describes how Bitcoin transactions are secured using cryptographic keys. The video also covers Bitcoin mining, where miners solve complex math problems to add transactions to the blockchain and earn rewards. Finally, it discusses the potential future of Bitcoin and its volatility as an investment.

How does the Bitcoin network ensure that transactions are not duplicated?

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Describe the process of mining in the context of Bitcoin.

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What are the potential risks associated with investing in Bitcoin?

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