Ever Wondered How Bitcoin Actually Works?

Dear reader, Bitcoin has gone absolutely berserk. Notwithstanding the recent pullback, its price has increased parabolically, increasing by approximately 300% in 2016, and 1000% in 2017.

Jan ‘16: USD 367
Jan ‘17: USD 967
Jul ‘17: USD 2,873
Oct ‘17: USD 4,353
Jan ‘18: USD 13,889

Bitcoin (BTC) Price Index from Jan ‘16 to Dec ‘17 in USD
Statista

This has understandably generated a lot of interest in Bitcoin. But do you understand how it actually work? Here are 3 videos explaining in simple terms key fundamentals:

How the Bitcoin blockchain works
Why 256-bit encryption is secure
What a Blockchain fork is

Video: Ever wonder how Bitcoin (and other cryptocurrencies) actually work?

Video: How secure is 256-bit security?

Video: Just what is a Blockchain fork?

In future weeks I’ll be taking a closer look at Blockchain technology itself, and the impact it is having on our society and economy.

Yours Sincerely,
Henry Chong