Category: Blockchain 101 Animation

Blockchain 101: Episode 21 – The digital signature of Bitcoin

The digital signature can only be generated by the Bitcoin sender. It’s a series of tamper-proof code. By verifying this […]

Blockchain 101: Episode 20 – What happens after I initiate a Bitcoin transaction?

When you initiate a Bitcoin transaction, the information is broadcasted to the whole network, after mining nodes receive the information, […]

Blockchain 101: Episode 19 – What are Bitcoin nodes?

Bitcoin is a peer-to-peer electronic cash system. Or, node-to-node. In every transaction, the sender sends information to surrounding nodes, which […]

Blockchain 101: Episode 18 – What is a Bitcoin address?

Bitcoin address is made up of random alphanumerical characters. There are 26 to 35 characters in an address and they […]

Blockchain 101: Episode 17 – Why are Bitcoin transactions charged by bytes?

Our banks usually charge a fee based on a percentage of the transaction amount we are sending. For example, 0.5% […]

Blockchain 101: Episode 16 – What’s the fee for Bitcoin transactions?

Bitcoin transaction fees give Bitcoin miners an incentive to include transactions into their blocks and provide sufficient hashing power, securing […]

Blockchain 101: Episode 15 – How do Bitcoin transactions work

We all have individual bank accounts, facilitating the transfer of money between individuals. Similarly, a Bitcoin transaction is the transfer […]

Blockchain 101: Episode 14: How do countries around the world perceive digital assets?

On a global scale, countries are divided in their stance towards blockchain and cryptocurrencies, but in general, governments are still […]

Blockchain 101: Episode 13 – How is Bitcoin different from QQ Coin?

Bitcoin is a decentralized digital asset, not controlled by any single entity. Q Coin is issued by Tencent. It is […]

Blockchain 101: Episode 12 – How does Bitcoin control its supply

Bitcoin is a virtual currency designed for deflation, with total supply cap of 21 million. Why? When designing Bitcoin, Satoshi […]