4.6 • 821 Ratings
🗓️ 13 August 2017
⏱️ 16 minutes
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0:00.0 | I used to call you after midnight. |
0:04.6 | It was cool because we both agreed. |
0:08.7 | We were easy, kind of weekly. |
0:13.2 | Just a friend sleeping next to me. |
0:20.2 | Yo, yo, welcome to Crypto 101. |
0:22.0 | This is Matthew Aaron. |
0:23.2 | And today we're going to talk about proof of work or proof of stake. |
0:26.5 | Proof of work or proof of stake. |
0:28.3 | And just the basic definitions. |
0:29.6 | And now look, you can go on YouTube and find videos about this all over the place. |
0:35.8 | But this wouldn't be Crypto 101 if I didn't cover proof of work and proof of stake. |
0:41.1 | But first, I have to tell you a story. |
0:43.8 | Interestingly enough, yesterday I got home and there was this box at my house. |
0:50.5 | And on this box, there was, it was just a box, you know, it was like a wooden box, hinges, |
0:56.8 | top to it, handles, you know, just, it's a box. |
1:00.7 | And on the box, there was this three-digit code, you know, three digits, one, two, three, |
1:04.5 | and each of them numbered from zero to nine, like a briefcase. |
1:08.3 | And on top of this, the box, there was a note. And it said, uh, thank you. Here, this is for you. |
1:15.7 | If you can open the block, you get the 12 bucks inside. I'm like, what? Okay, fine. We're going to call it a |
1:21.1 | block. Whatever. And I was like, all right. So I did the quick math. I was like, okay, 10 times, 10 times, |
1:27.3 | 10, how many different combinations are there? |
1:29.8 | A thousand divided by 60. |
... |
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