Bitcoin 101: Breaking Down the Blockchain | What is a Bitcoin Miner?
Control and Compound with Darren Mitchell · Control and Compound Financial | BNV Media
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Show Notes
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On today's episode, Darren and Christina are back with part 2 of their Bitcoin series. In this episode, they break down how blockchain technology works, the key role that miners play in the bitcoin process and what are nodes? Good question, tune in to find out!
Show notes:
00:00 - Introduction
2:10 - How do we create a monetary system that has a decentralized ledger?
3:25 - What is a blockchain?
7:40 - What does bitcoin exchange look like?
11:20 - Other applications that use blockchain technology
12:55 - What is a bitcoin miner?
17:05 - How do you become a bitcoin miner?
20:40 - How do the miners get paid?
23:30 - What are nodes?
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