Bitcoin Advanced Level Transactions

What is a Bitcoin Transaction? Preview 06:19

An overview and description of what a Bitcoin transaction is.

Knowledge Check: What is a Bitcoin Transaction?

Let's find out what you have learned so far.

Important Message About Udemy Reviews Preview 01:00

Please watch this video. It has an important message about leaving a review for this course.

How Bitcoin Transactions Work. Preview 03:37

In this video, I describe how Bitcoin transactions work, and explain how Satoshi Nakamoto, the creator of Bitcoin explained the process. 

Knowledge Check: How Bitcoin Transactions Work.

Let's see how much you have kept from what you've learned.

The Chain of Digital Signatures Preview 06:09

Continuing on the description of how Bitcoin transactions work, we explore further the concept of the "Chain of Digital Signatures."

Knowledge Check: A Chain of Digital Signatures

Time to check again on what you have learned so far.

Analyzing a Real Bitcoin Transaction on the Blockchain Preview 08:00

In this lesson we will take what we have been learning and apply it to a real Bitcoin transaction.

What a Bitcoin Transaction Really Looks Like Preview 06:35

We will now look closer at what that .1 BTC transaction looks like by exploring the anatomy of it.

The Journey of a Bitcoin Transaction Preview 03:54

Let's analyze exactly how Alice's transaction of .1 bitcoins makes its way through the Bitcoin network to eventually reach Ben.

To help you further along, I have included a downloadable PDF infographic describing this entire process.

What is the Memory Pool? Preview 02:12

In this lesson we review the Bitcoin memory pool and how it is integral to the processing of transactions on the Bitcoin network.

The Coinbase Transaction Preview 05:02

In every block, there is a very important transaction called the "Coinbase Transaction."

We will explore in detail what this type of transaction is and why it is so important.

Bitcoin Transaction Confirmations Preview 08:14

Let's create a real Bitcoin transaction and see the process of how it is sent from one wallet to another. In the process, we will analyze the process of confirming transactions and discuss why Bitcoin transaction confirmations are so important.

Bitcoin Transaction Confirmations Part 2 Preview 02:06

After completing the transaction, we now return to the Bitcoin wallet to see that the transaction has been confirmed. Join me as we proceed to visit it on a block explorer so you can see how the Bitcoin blockchain continues to grow on top of the block which was just created with our transaction, adding more confirmations in the process.

I have also included a link to a block explorer showing the transaction we create in the video so you can analyze it yourself. Notice that the number of confirmations will be much higher when you visit the transaction on a block explorer as there will have been more blocks created and added to the blockchain since the time I published this lesson.

Knowledge Check: Analyzing a Bitcoin Transaction on the Blockchain

Now that you have seen how Bitcoin transactions can be verified on the public blockchain, let's see how much you have learned so far.

About Segregated Witness (SegWit) Preview 03:38

Bitcoin has undergone a protocol upgrade called "Segregated Witness" which was implemented as a way of increasing the number of transactions that can fit in a block.

Bonus Lesson: A Brief Bitcoin History Primer as Seen Through Its Transactions Preview 05:41

Transactions on a blockchain are permanent and immutable. As a result, Bitcoin keeps a permanent record of every single transaction that has ever been done on Bitcoin. In this lesson, we take a trip through the history of Bitcoin to revisit some very special moments.

Review and Additional Resources Preview 06:48