Bitcoin – Transaction block chains

The mechanics of a bitcoin transaction block chain, which is a construct that is generated by bitcoin miners and functions as a global ledger for recording and validating bitcoins.
More free lessons at: http://www.khanacademy.org/video?v=QzDO44oZWtE

Video by Zulfikar Ramzan. Zulfikar Ramzan is a world-leading expert in computer security and cryptography and is currently the Chief Scientist at Sourcefire. He received his Ph.D. in computer science from MIT.

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