Basics_02 - Hashes & Proofs of Work

February 10, 2023 00:58:45
Basics_02 - Hashes & Proofs of Work
Bitcoin Audible
Basics_02 - Hashes & Proofs of Work

Feb 10 2023 | 00:58:45

/

Hosted By

Guy Swann

Show Notes

In order to truly understand why Bitcoin works, we must understand a fundamental tool that operates at basically every level of the system. The hash function. And using the hash function, we can build one of the most important elements of the game theory that keeps the system honest, Proof of work. This is the second episode of the Bitcoin Basics series: Hashes & Proofs of Work To play around yourself with the hashing tools discussed you can: - open a Terminal window on your Mac or Linux computer and type...  shasum -a 256 [insert file] Replacing [insert file] with the file path of whatever you wish to hash (you can usually drag and drop) - On Windows open the "command prompt" and type... Get-FileHash -Path [insert file] To verify my Proof of Work done in the episode: echo -n "H18" | shasum -a 256 (this works on Mac & Linux, but unfortunately the process on Windows was too complicated to go through the trouble of confirming it) Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off everything in your cart! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- "You never change things by fighting the existing reality. To change something, build a new model, that makes teh existing model obsolete." – R. Buckminster Fuller Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

October 25, 2019 00:40:27
Episode Cover

CryptoQuikRead_312 - Sovereignty Through Mathematics - Part 5 [Knut Svanholm]

Closing the week with the incredible conclusion of Knut Svanholm's work! Don't forget to thank him for making this available to us and everyone...

Listen

Episode

June 10, 2020 00:57:52
Episode Cover

GuysTake_28 - Bitcoin & The Layers of Financial Cryptography

A follow-up to yesterday's incredible read from The Nakamoto Institute by Ian Grigg, The 7 Layers of Financial Cryptography. Today we dig into what...

Listen

Episode

February 14, 2020 01:13:09
Episode Cover

CryptoChat_30 - Once BITten, down the Bitcoin Rabbit Hole with Daniel Prince

I had an awesome time the other day with Daniel Prince on the new Once BITten Podcast. Diving into some of my own personal...

Listen