Bitcoin Transaction Explained in 5 Minutes

In this quick video, we do our best to explain the mechanics of a single Bitcoin transaction in 5 minutes or less. We explain things like addresses, wallet apps, private keys, and the blockchain.

[cryptopeter]

Colt where are you? I'm Peter in Florida and love the quality of your content and your actual communication of the math, etc. Wish I could borrow your brain for about a half hour. Wishing you joy. Pete.... 🤗

[alxrlja]

goodspeed Colt. I'm the subscriber #361 of much much more to come! :-)

[juseis]

Un dropbox es un adress para mandar la crypto, cuando yo digo un adress me refiero a un link que puede se mandao por codigo qr o el link en si, ok entonce vamo a decir que un amigo me quiere manda 10 bitcoin, tu tiene que crea un dropbox con una aplicacion.

Ahora como uno saca el dinero transferido a un dropbox, bueno funciona asi, cualquier persona puede transferir bitcoin a el dropbox, PERO solo yo( el creador del dropbox tiene acceso a esa criptomoneda) osea que dete que tu amigo te mande el crypto ya no tiene acceso a el

Aqui viene lo de blockchain, que es un lugar public que tiene los dropboxes en conjunto, osea de pila de jente que ta haciendo e mismo proceso, la ventaja de hacer un dropbox por un blockchain es que solo se necesita uno para la transacion ya que mandaria a todos al mismo link en el cual solo tu tienes acceso a recoger y usar el crypto.

[amansahil]

Could you do crash courses on stuff like vue, angular, firebase or even ethereum

[elijahromashchenko]

Colt don't stop! Go forward, you are doing a great job! Thank you! I'm very very happy to find and sign in your course!

[AlexSmith-krpj]

Hi Colt, I've noticed that some morons have decided espouse their nonsense in the comments. PLEASE don't let the idiots put you off growing your channel (not that I think they would but I wanted to say it anyway). Your courses are top-notch! Keep up the good work.

[kavitadesai]

I take your full stack developer course. So far it's the best course that I have ever taken

[BA-xsdu]

I can finally say that I am one step closer to understanding bitcoin, brilliant job!

[jun_senba]

So bitcoin its like imaginary coin where the only way to get it in the matrix room...

[SKF]

Colt Steele is almost too good of a name!

[kingfwrld]

This is more like a send/receive explanation of Bitcoin. Doesn't really explain what the Bitcoin is.. Should consider renaming the title..?

[letslearntogether]

Hi Colt, I am a freelance PHP developer and working via Upwork. Now-a-days most of the clients from Upwork asking like Need a
"Looking for an experienced developer in Cryptocurrency Exchange building." / Crypto currency exchange / Bitcoin wallet / crypto currency wallet etc.. Can you please provide complete bitcoin / crypto currency related course, which will make us to fulfill client requirements.. Thank you.

[WilliePeloquin]

Good luck with your YouTube page. I am one of your MySQL students. I hope to start a YouTube page in the near future.

[gibau]

Why can't someone go straight to the point and explain the whole darn crap?

[digitaldisruptlabs]

Hey! Your YouTube project is amazing! Keep doing this please!
I literally die with your intro btw haha!

[RogerThat]

Really enjoyed this. I'd never heard the public drop box explanation, but that is perfect for clearing up where the private key comes in (what I was struggling to understand!). Thanks!

[jinwookkim]

I can't wait to watch your new bitcoin videos! :)

[ashome]

Finally you’re here I’m very happy :D it’s peace of mind ✌🏻