I just recently watched a great video explaining some more confusing concepts in Bitcoin. Here is a great video that shows this. Some of the highlights to look for is:
- An explanation of the 51% attack ( it doesn't mention it by name, but you can figure it out)
- It shows exactly how bitcoins are transferred
- It explains the purpose of mining ( it actually has a purpose which I didn't understand before)
- Also public keys are randomly generated in your wallet. There is no confirmation with the network that the key isn't taken.
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