How exactly does Bitcoin work? The Secret of Anarchy's Stable Operation for 16 Years | Complete Comparative Analysis from Banking System to Blockchain | Crypto Planet

This is a video that thoroughly understands "how bitcoin works". It does not rely on banks or governments, but it has been operating for 16 years and has never been interrupted; it has no boss or backend, but can achieve global free transfer and open and transparent accounting ⚠️ Important reminder: This content is for education and information sharing only and does not constitute any investment advice. ⏰ Timeline: 00:00 Opening: Why can Bitcoin run anarchically? 00:44 Account comparison: Bank account opening VS Bitcoin wallet 02:19 Accounting mechanism: Centralized ledger VS Blockchain 05:14 Transaction confirmation: Bank review VS Mining mechanism 08:15 Transparency comparison: Closed system VS Public ledger 10:39 Asset control: Freeze risk VS Anti-censorship 12:35 Currency issuance: Money printing mechanism VS Mining reward 14:39 Anti-inflation: Fraud depreciation VS Half mechanism 17:11 Summary: Rethink the essence of currency🔑 Core points: ✅ How Bitcoin achieves decentralized operation✅ Essential principles of blockchain technology✅ Detailed explanation of mining and consensus mechanism✅ Why Bitcoin is called "digital gold" ✅ Comprehensive comparison of traditional finance VS cryptocurrencies💡 You will learn: - The importance of Bitcoin wallets and private keys - How does blockchain ensure transaction security - Why is the total amount of Bitcoin fixed at 21 million - How does the halving mechanism affect the value of Bitcoin - Advantages and risks of decentralized finance 📚 Related video recommendations: Bitcoin Q&A ① | Does Bitcoin money laundering? Was it invented by criminals? https://youtu.be/Iwhz3JhdJy4?si=fUYlLlaJ29pxwW48 Bitcoin Q&A② | How to kill Bitcoin? Full analysis of 7 attack methods https://youtu.be/Iwhz3JhdJy4?si=yrXqQ_dWKPwGdbqM Bitcoin Q&A 3 | The immutability of Bitcoin https://youtu.be/nomfeQ8cAmQ Bitcoin Q&A 4 | Who can replace Bitcoin? The truth about the failure of the challenge of tens of thousands of altcoins https://youtu.be/27UrcW-8iVo Bitcoin Q&A 5 | Who can replace Bitcoin? The truth about the failure of the challenge of tens of thousands of altcoins https://youtu.be/27UrcW-8iVo Bitcoin Q&A 6 | Bitcoin Crisis: Does the quantum threat really exist? https://youtu.be/a9fUrZIW8h8 Bitcoin Q&A 7 | How exactly does Bitcoin work? https://youtu.be/Flrhq4nooms 🔗 Useful links: - Bitcoin Block Browser: https://blockchair.com/bitcoin - Official Bitcoin White Paper: https://bitcoin.org/bitcoin.pdf 👇 Welcome to join our Discord: 🍉 Melon Eating Mass Autonomous Society: https://discord.gg/EqWcMJu8zA 🍉 Melon Eating Mass Autonomous Society White Paper https://www.notion.so/DAO-v0-1-1e1ed1b358148028bbddd80544f4467e --- 🎬 About Encrypted Planet: Focusing on in-depth content creation of blockchain technology and ideas makes the complex crypto world simple and easy to understand. #Bitcoin#Blockchain#Cryptocurrency