Bitcoin Lesson | Transactions

An explanation of how bitcoin transactions work.

01:27 - Transaction Basics
↳ 08:45 - Change
↳ 12:49 - Graph
↳ 15:10 - Coinbase Transaction
↳ 17:24 - Fees
20:00 - Transaction Data
↳ 35:22 - Signing
↳ 48:20 - Summary
54:20 - Live Example
↳ 1:02:45 - Code

If you found this video helpful, please buy me a beer: 3Beer3irc1vgs76ENA4coqsEQpGZeM5CTd

[adalbertthomalla]

Wow, I read just books about bitcoin. But this explanation and your website is really the best Ive seen yet.

[layomi.]

I've been looking for videos that go in deep into the technical details, and your videos have been extremely satisfying to watch and comprehend. Absolutely love them!

[julien]

This is just the best explanations I’ve ever seen about Bitcoin. Really worth taking time to study.

[uber]

Another video of this format explaining different types of transactions would be great

[pierreschuster]

another great video from this channel. it's also good to have a student in it, who asks some interesting questions. great format.

[brunoa]

Excellent content. Better than most of the videos I have seen on the subject

[weissmannrob]

Just found your side, double thumbs up, the best for learning bitcoin internals. Thanks for all the work you put into it.

[milleym]

You are a great teacher. You do a good job of explaining things with words and visuals. Thanks for the video. :)

[MarkRobson]

These explanations are up there with the likes of Feynman. Amazing work!

[MarkT]

BSV: Sequence number (nSequence) - A sequence number used to indicate whether an input is considered ‘finalised’, given as a 4-byte little-endian value. Sequence numbers are used in conjunction with the transaction lock time (nLockTime) to iterate inputs inside of a payment channel. Inside a payment channel (see page 11) nSequence is considered final when its value is i.e. the maximum value of a 4-byte field, often referred to as “UINT_MAX”.

[JustinMasayda]

Regarding the transaction amount limit, 8 bytes has ~1.8E19 values. That's more than enough to the total number of satoshis that will ever be mined (~2.1E15).

[RonFreimann]

Just found your video series. Really good work, much appreciated.

[simux]

This is perfect. I really enjoy documentation in action format! Please keep it up, your voice, format and content are very very helpful and easy to follow.

[eeb]

Your video series just absolutely brilliant!, you have the most clear and comprehensive explanation on bitcoin. Very much appreciate the efforts that went behind this.

[tyogarasa]

Great video. The explanations and illustrations were amazing. I learned so much from it. Thank you so much!

[julienriposo]

This is an excellent explanation, with a story. This is what's really missing anywhere else. Thank you so much for your time and energy to build such crazy website!

[lynndon]

Learned much from your video and web site, thank you.

[imed]

You explanation are so on point. Thanks so much for you effort. Can you tell me how you approach such complex topic and break it down. Do you have any method for it ? What kind of sources do you use ?

[MarkT]

I'd really like to see the signing video about now-ish!

[gomino]

Great explanation! Will you do more videos in the future about what changed in the protocol in the meantime, like Segwit and Taproot?