The Bitcoin Whitepaper | Fully Explained (With Animations!)

00:00 Brief Outline Of The Paper 04:02 Hash Functions & Digital Signatures (Quick Reminder) 07:07 Section 0 - Abstract 09:01 Section 1 - Introduction 10:34 Section 2 - Transactions 13:28 Section 3 - Timestamp Server 15:36 Section 4 - Proof Of Work 20:31 Section 5 - Network 24:23 Section 6 - Incentive 25:18 Sections 7/8 - Reclaiming Disk Space/Simplified Payment Verification 33:36 Section 9 - Combining And Splitting Value 37:48 Section 10 - Privacy 38:50 Section 11 - Calculations 41:44 Section 12 - Conclusion How SHA-256 Works (In Detail): https://www.youtube.com/watch?v=orIgy2MjqrA Interview W/ Stuart Haber & Scott Stornetta (Inventors Of The Timestamp Server, i.e. Blockchain) : https://www.youtube.com/watch?v=WWVoPBkPd6g&ab_channel=CoinGeek On October 31 2008, Satoshi Nakamoto gave humanity a gift. This video explains what his gift was and how it works, based purely on the original whitepaper by Satoshi.