Lecture 1 - Intro to Crypto and Cryptocurrencies

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  • Опубліковано 23 лип 2024
  • First lecture of the Bitcoin and cryptocurrency technologies online course.
    For the accompanying textbook, including the free draft version, see: bitcoinbook.cs.princeton.edu/
    In this lecture (click the time to jump to the section):
    * Cryptographic hash functions 1:51
    * Hash pointers and data structures 20:28
    * Digital signatures 29:25
    * Public keys as identities 39:04
    * A simple cryptocurrency 44:39

КОМЕНТАРІ • 253

  • @thebitcoinblog921
    @thebitcoinblog921 9 років тому +7

    Fantastic ! This really exceeded my expectations. I'm very glad I signed up for this and I am really looking forward to future lectures. Thanks !

  • @robertmyers3459
    @robertmyers3459 3 роки тому

    Never knew trade could be so challenging! Kept running back to these UA-cam videos to learn more about this your video is indeed helpful. Thanks

    • @harveydaniels5115
      @harveydaniels5115 3 роки тому

      .Sadly these are one of the changes in trade profit is not always assured..

    • @aidanpatterson5430
      @aidanpatterson5430 3 роки тому

      @Brandon Hussain .Not everyone has the patience and persistence to grow account. Some may end up blowing up their account.

    • @jamiehussain2811
      @jamiehussain2811 3 роки тому

      @George Potter .Demo account are risk free

    • @harrychapman3172
      @harrychapman3172 3 роки тому

      Trade has left me no choice but to keep investing because it makes so much profit for me.

    • @jayfrancis1519
      @jayfrancis1519 3 роки тому

      @@harrychapman3172 .I have been during trade offshore and still in yet to earn my first $100, what strategy do you use please.

  • @Chopik1149
    @Chopik1149 6 років тому +2

    Excellent. GREAT series. So well presented. Much appreciated. Thank you.

  • @sreenivaspg7753
    @sreenivaspg7753 6 років тому +1

    Awesome. builds from ground up and provides great understanding. Thank you.

  • @RoozbehDaneshvar
    @RoozbehDaneshvar 7 років тому +3

    Fantastic! I really enjoyed the whole lecture. It was very concise, clear and engaging.

  • @ParthPatel-vj2zv
    @ParthPatel-vj2zv 2 роки тому +13

    0:00 intro
    1:47 cryptographic hash functions
    20:28 hash pointers and data structures
    29:23 digital signatures
    39:03 public keys as identities
    44:32 a simple cryptocurrency

  • @Marynando
    @Marynando Рік тому +87

    Thank you so much for this enlightening video it has helped me greatly. Many a time new comers are indecisive on how to start when it comes to their personal investment growth. But great investors can provide proper guidance...

    • @aarondaniels5525
      @aarondaniels5525 Рік тому

      True< this is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your high conviction stocks or crypto on a discount. Wealth is created during bear markets, not bull markets. If your portfolio is really affecting your mental health then delete the app and go for a walk. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 16` btc from day trading with Mark Maxwell in few weeks this is one of the best medium to backup your assets incase it goes bearish…

    • @jessicasam2516
      @jessicasam2516 Рік тому

      My growing love for crypto caused me to explore until I came across Mark Maxwell (although I'm trying to avoid sensationalism) he is by far the best. No hype for hype's sake, but great inspiration to trade crypto.

    • @Helen_Sanch
      @Helen_Sanch Рік тому

      Wow, you know Maxwell too, he has been helping alot of [people recover their losses from the crash, he's all we need right now. Trading has so much advantages as it is volatile, this is a perfect time to partake in it folks.

    • @donalddavis4387
      @donalddavis4387 Рік тому

      I invested with Max also, he understands every beginners intention and fix you to a trading plan that matches your capital.

    • @Marynando
      @Marynando Рік тому

  • @DeepakSingh-hl3er
    @DeepakSingh-hl3er 2 роки тому +2

    Really amazing lecture.
    Thanks for decentralising the knowledge.

  • @ibrooksdb9
    @ibrooksdb9 6 років тому +1

    a very well delivered and thorough introduction to the foundations of cyber-currencies. Great work!

  • @johnmacdonald4560
    @johnmacdonald4560 3 роки тому +2

    thank you for the course, you're a great teacher and communicator!

  • @crimsonalucard
    @crimsonalucard 9 років тому +24

    Your speaking is very clear. Great lecture!

    • @tpalden753
      @tpalden753 3 роки тому

      Did you ever buy bitcoin?

  • @SuperRedja
    @SuperRedja 8 років тому +2

    Excellent! thank you very much for sharing your knowledge

  • @geofaz7047
    @geofaz7047 6 років тому +2

    whoa super detailed may need to see this a few times

  • @navonildeb3583
    @navonildeb3583 7 років тому +1

    appreciable teaching. done a really great job @profs

  • @d3c0d3junky
    @d3c0d3junky 6 років тому +1

    Very beautifully explained, thanks!

  • @JoukoSalonen
    @JoukoSalonen 9 років тому +2

    thank you. Excellent start!

  • @Brainwaves2802
    @Brainwaves2802 Рік тому +1

    Thank you,
    Sir, for the accessible lecture.

  • @jamusundararajan7170
    @jamusundararajan7170 6 років тому

    Excellent lecture covering the key concepts very concisely

  • @dclafever
    @dclafever 9 років тому

    Great intro to bitcoin. Thank you for posting this.

  • @CRIresearch
    @CRIresearch 9 років тому +32

    Great! So nice to see some real heavy hitting in this space! Thanks.

    • @hallerd
      @hallerd 9 років тому +1

      $1 *****

    • @OlympischbriesjeNadaAverage
      @OlympischbriesjeNadaAverage 7 років тому

      I miss the time we could ChangeTip, but I'm sure it will be back again stronger and better.

    • @Ozymandias1
      @Ozymandias1 7 років тому

      The average fees for a Bitcoin transaction are over $1 right now because of the inane blocksize debate. It is becoming useless for microtransactions.

    • @earlpoorman9045
      @earlpoorman9045 7 років тому

      Let me hug some coins (っ◔◡◔)っ!
      19HKMEVXViRMdMj318x5VqTPzJ1ipEBLSK
      ua-cam.com/video/fOMVZXLjKYo/v-deo.html

    • @eureka4498
      @eureka4498 6 років тому

      CRI did

  • @DarijusF
    @DarijusF 7 років тому +2

    Good stuff, much appreciated!

  • @pushkarsoni8927
    @pushkarsoni8927 5 років тому +1

    Amazing Lecture prof!

  • @CROOMANILE
    @CROOMANILE 5 років тому

    This was a Master Class! Thanks, From Eric Croom Jr,

  • @udaysingla3260
    @udaysingla3260 3 роки тому +2

    These are all entirely new concepts for me. It's difficult to grasp and make notes together at this pace!

  • @TheDinarian
    @TheDinarian 4 роки тому

    Thank you so much for doing these.

  • @kennedigreen6788
    @kennedigreen6788 7 років тому +1

    Great Lecture!

  • @samjphoto
    @samjphoto 9 років тому +1

    Great lecture!

  • @hushi3403
    @hushi3403 6 років тому

    Love it!!!! nice explanations

  • @justenkarinmerks-roebroek9281
    @justenkarinmerks-roebroek9281 9 років тому +1

    Thanks for sharing!

  • @taviokagame9305
    @taviokagame9305 6 років тому

    Excellent lecture. Very very good stuff

    • @isaackendall9549
      @isaackendall9549 6 років тому +1

      For cryptocurrency mining and how to make good wages on your invested funds contact me (isaacken70@gmail.com ) and I'll show you how i made over $500k in 3 months and the secrets behind it.

  • @waqardetho2426
    @waqardetho2426 8 років тому

    great lecture very well explained thanks.....

  • @icemd24
    @icemd24 9 років тому

    34:43 Where exactly you draw the line that separates plausible numbers and non-plausible numbers?

  • @manonlescaut4701
    @manonlescaut4701 7 років тому

    Qestions:
    14:00: "...returning as commitment: is it "hash(key) + Message" *or* "hash(key+message)"?
    14:15: When the key+message was given to the verifier so he could hash it for comparsion?
    Great lecture!

  • @adetorrent
    @adetorrent 6 років тому

    Ah, this is like being back in Uni. Reminds me of my Computer Engineering and Electronics days.

  • @chautrongan6183
    @chautrongan6183 6 років тому

    THANK SIR, GOD BLESS AMERICA AND GREECE-ROMAN.

  • @rolandtritsch
    @rolandtritsch 7 років тому +12

    Slide: Commitment API. The line commit(msg) := (H(key|msg), H(key)) probably needs to read commit(msg) := (H(key|msg), key).

    • @dionyziz
      @dionyziz 7 років тому

      Yep, that's a mistake.

    • @eddy-currents
      @eddy-currents 7 років тому

      Good catch.

    • @BlackSkyoo7
      @BlackSkyoo7 6 років тому

      can you just briefly explain the difference?

  • @osharaki
    @osharaki 8 років тому +2

    13:45 So commit(msg) returns (com, key), where in reality this is equal to (H(key|msg), H(key)). Does this mean that the key which is to be published is actually equal to H(key)? In that case, how could it possibly be that the verification method which uses the published key(aka H(key)) could ever succeed, since it will always be doing: verify(com, H(key), msg):=H(H(key)|msg)==com bearing in mind that com=H(key|msg).

  • @huguesad
    @huguesad 8 років тому

    @24min: re tampering: i undertand that tampering is not possible in th middle of the block chain but what if the tampering occurs at the very end of the chain (at the most recent "link").
    would that not be possible?

  • @simonsicard4867
    @simonsicard4867 9 років тому +1

    Nice ! Thanks

  • @dizmus_8267
    @dizmus_8267 6 років тому

    Can anyone answer what software I would use to calculate these commands? Com, key, msg, etc? How can I implement what I am learning in this video?

  • @piggubiggu5324
    @piggubiggu5324 3 роки тому

    BRILLIANT

  • @stepanvorobiev3440
    @stepanvorobiev3440 9 років тому +3

    Thank you for providing the world with this infinitely valuable and accessible resource! 100000 satoshis *****

  • @OnePunchSaga
    @OnePunchSaga 6 років тому

    at 23:10 are the blocks going from left to right or right to left ?

  • @illiahalych4543
    @illiahalych4543 6 років тому

    I have a thought about the identity in Privacy. When analyzing the behavior of an address to find out who that is, isn't it a good idea to use Machine Learning to run through the layers and to update the output over time? The activity of the address can be the input layer, the probability that that is Joe would be the output layer.

  • @zandaya
    @zandaya 9 років тому

    This is actually a bitcoin course that I can understand. I'm waiting for episode 2, when will it be uploaded?

  • @sasthihalder8145
    @sasthihalder8145 7 років тому

    Arrow pointers under heading of 'Blockchain' and 'Detecting Tempering' should point to previous/parent block H( ). It correctly mentions previous H( ) though arrow pointer shows next H( ). Both Bitcoin and Ethereum Block Header stores parent H( ) which is previous H( ). Please correct this.

  • @vasuagarwal6140
    @vasuagarwal6140 5 років тому

    If last block data is tempered, how will it hamper the previous blocks?

  • @satyajitdeshmukh1880
    @satyajitdeshmukh1880 6 років тому +3

    At 7 mins 24 seconds, I believe speaker meant: "If hash values are same, then X and Y have to be equal".

  • @pankajkumaranuragi8453
    @pankajkumaranuragi8453 6 років тому

    22:27 why we are not calling it next pointer instead of prev??

  • @kirchdubl1652
    @kirchdubl1652 6 років тому

    Is signature the way to prove , that someone is holding certain private key? Other words do we have another API for signature saying: isTheSameSK(pk,sig1,sig2)? This is like asking: is sig1 and sig2 made by the same person ? Or i can send a msg2 to this person and ask to sign it and later verify he also signed msg1?

  • @shipod
    @shipod 8 років тому +46

    16:08 "Let me just go through it "Bit-by-bit"" lol

  • @JavierSalcedoC
    @JavierSalcedoC 3 роки тому

    Time for a 4th rewatch?
    Yes.

  • @jasonvaccaro5352
    @jasonvaccaro5352 6 років тому

    Are these videos available somewhere for legal download or are they only on youTube?

  • @livinglong8258
    @livinglong8258 6 років тому

    I heard that educational token(LEDU coin) is currently paying project creators for their work, any thought on it

  • @MK-007.
    @MK-007. 7 років тому +1

    Slide Commitment API: What's the purpose of the key? The only thing you publish at beginning is commitment. Message is kept secret until opening envelope. So you can easily do only com=h(msg) and publish com. Nobody can reveal msg from com. Message originator can't forge original message because he can't find msg' with the same hash h(msg)=h(msg'). Everything works without the key as well. All you need is clear hash.

  • @andre.queiroz
    @andre.queiroz 8 років тому +20

    I lost it on the meteor HAHAHAHAHAHAHAHA

    • @317jeetu
      @317jeetu 3 роки тому

      A good blog to begin with cryptos and blockchain
      i-am-in-crypto.blogspot.com/2020/07/coming-soon.html

  • @SomnoNaut
    @SomnoNaut 9 років тому

    I would like feedback on this concept
    Imagine a hash being generated by number string occurring only once in space+time would that not eliminate any "collisions?"

  • @lihaozhang6611
    @lihaozhang6611 6 років тому

    Where can we get the lecture PPT?

  • @jgizzy
    @jgizzy 7 років тому

    Are these lectures the same ones being used for Coursera's Cryptocurrency course? I'd just sign up for the course but I hear the assignments on this specific course are pretty frustrating.

  • @_ashout
    @_ashout 2 роки тому

    More Qeustions:
    @23:48
    - How is the data from in a tamper-evident log stored? In a key value store? Since you are not using pointers to memory you need an auxilary store right?
    - Does the prev H(arrow) include the prev pointer AND the data or just the data? It would make more sense to include both right?

  • @Youer777
    @Youer777 2 роки тому

    anyone knows: are all coins are immutable? thanks!

  • @aryatayal129
    @aryatayal129 4 роки тому

    Does anyone have answers to the quiz of this course ?

  • @xa1551
    @xa1551 3 роки тому

    What's the difference between the commitment and signature API's?

  • @neilh.4385
    @neilh.4385 6 років тому

    Ho boy that's how you know they're real academics ... 3 minutes in and it's an college senior-level algorithms lecture

  • @sudheeshv4834
    @sudheeshv4834 3 роки тому +1

    Sir will u please post the week 1 assingment answer file

  • @jurgengermeys5508
    @jurgengermeys5508 6 років тому +1

    What is the point of Powerpoint if you just put the words you are speaking into it?

  • @aliyassine999
    @aliyassine999 6 років тому

    Thank you

  • @789overdrive
    @789overdrive 6 років тому +21

    This is where 99% of the people in this world don't understand how bitcoin actually works. They only know the bitcoin price news....

    • @TheCornbeefsoup
      @TheCornbeefsoup 6 років тому +2

      789overdrive And it's those people that will ruin bitcoin's potential future and just turn it into another financial bubble.

  • @gdaaps
    @gdaaps 6 років тому +1

    HEllo, would it be possible to have the slides of this course?

  • @srinivasrao3867
    @srinivasrao3867 8 років тому

    very good

  • @samahelemary7300
    @samahelemary7300 2 роки тому

    Can I get slides of lecture , please?

  • @SoCalFreelance
    @SoCalFreelance 9 років тому +9

    Ummmm, cryptographic vegetables, tasty :D

  • @nishanthcodes4576
    @nishanthcodes4576 10 місяців тому

    perfect

  • @kerrytrax9332
    @kerrytrax9332 6 років тому +1

    "relies on hairy math" best quote

  • @uscdb07
    @uscdb07 8 років тому

    What's the song used in these videos?

  • @herkules1663
    @herkules1663 3 роки тому +1

    what exactly is the commitment API ? is this kind of api an application programming interface ?

    • @ishitaviti5801
      @ishitaviti5801 3 роки тому

      I can recommend Mr William charle he is a good broker and also expert in crypto currency he can help you get More informations and knowledge about Bitcoin
      He's available on what's app
      *+1 8 1 8 7 2 2 9 1 4 5*

  • @samahelemary7300
    @samahelemary7300 2 роки тому

    Please, I want solution of exercises to chapter 1

  • @_ashout
    @_ashout 2 роки тому

    Typing out my questions as I make my way through the video... I'll probably be posting multiple times...
    - When discussing the commitment API around the @14:28 mark, why do hash the 256 bit key? H(key)
    - Is it because we do "H(key | msg)" and theres some sort of communitive property?
    - Is "binding" essentially the same as saying the hash function is collision-free (impossible to find collisions)

  • @zachrichardson8713
    @zachrichardson8713 7 років тому +1

    at 7:16 he says "that if we know X and Y have the same hash, then it's safe to assume that X and Y are different"
    Did he mean to say that they are the same?
    The formula above shows "If we know H(x)=H(y), it's safe to assume that x=y"

    • @piyushbansal3734
      @piyushbansal3734 6 років тому

      yeah he meant that they are the same.

    • @ravikirantuduru1061
      @ravikirantuduru1061 5 років тому

      yes H(x)=H(y) it is safe to assume x=y but it is rare situations where H(x)=H(Y) where x!=y it means it is difficult to find where Hash values are same with different X and Y. I think this is the concept he explained. If I make any mistake please correct me .

  • @Naimazamm
    @Naimazamm 5 років тому

    I want to learn it

  • @chamcham123
    @chamcham123 8 років тому +37

    He looks like Tim Cook.

  • @hspnew
    @hspnew 6 років тому

    Why complaints? this is "intro" yes

  • @digitizedcurrencygroup915
    @digitizedcurrencygroup915 8 років тому

    Great work .Would like to request Blockchain sync that covers and the technical background for Peer to peer network. Covering Topics like
    1. Bitcoin Peer Discovery 2. Inital Block Download 3. HeaderFirst Block Downloads. 4. Orphan Blocks and 5. Alerts Mis behvaing nodes. These are all topics that have been added to bitcoin documentation on bitcoin.org/en/developer-guide#orphan-blocks and are closely related to Stanford lecture for 4 Gen Peer-to-Peer Technology.

  • @lokalboys2482
    @lokalboys2482 3 роки тому

    Tammm

  • @gaofan2856
    @gaofan2856 2 роки тому

    "Earth will be destroyed by giant meteor in next 2 seconds which... did not happen" :D great lecture

  • @MrRigdensChannel
    @MrRigdensChannel 6 років тому +1

    Surprised Disney has not requested a take-down of this video.

  • @JavierSalcedoC
    @JavierSalcedoC 9 років тому +4

    A course for gentlemen

  • @kocaeliajans1605
    @kocaeliajans1605 7 років тому

    l

  • @forheuristiclifeksh7836
    @forheuristiclifeksh7836 26 днів тому +1

    2:47

  • @brocho-_xx6253
    @brocho-_xx6253 3 роки тому

    In the past several years, the use and prevalence of virtual currency have increased exponentially. The proliferation of digital assets has changed the way goods and services are exchanged and has allowed for faster and cheaper transactions. But with this new technology comes the increased risk of fraudulent activity - especially tax fraud. Recently, the Internal Revenue Service (“IRS”) has made it abundantly clear through guidance, amendments to tax forms, and even warning letters to Americans suspected of tax fraud, that it is getting very serious about virtual currency tax compliance.
    The IRS and the Department of Justice (the “DOJ”) appear to be poised to commence a flurry of enforcement actions against virtual currency tax fraud offenders. Likely to be entangled in these enforcement actions are virtual currency institutions and companies that regulators suspect facilitated their customers’ tax evasion. It is thus imperative for all entities in the virtual currency industry to ensure their compliance programs are equipped to detect and prevent the facilitation of virtual currency tax fraud.

  • @forheuristiclifeksh7836
    @forheuristiclifeksh7836 25 днів тому +1

    34:31

  • @iamlove7096
    @iamlove7096 2 роки тому

    How rich would Satoshi be,if he mined 90% of the Bitcoin supply?

  • @forheuristiclifeksh7836
    @forheuristiclifeksh7836 26 днів тому

    0:51

  • @videofudge
    @videofudge 5 років тому +1

    So... invest in GoofyCoin?

  • @AdvExplorer
    @AdvExplorer 6 років тому

    anyone else got rich from the time this came out? :D

  • @forheuristiclifeksh7836
    @forheuristiclifeksh7836 25 днів тому

    36:28

  • @LonHosford
    @LonHosford 6 років тому +2

    Illustrations are too abstract and lack practical examples or meaningful analogies. Stopped at 27:30.

  • @gdaaps
    @gdaaps 9 років тому

    vegetables are great...

  • @vovos00
    @vovos00 6 років тому

    He looks like Tim Cook

  • @johnprather8
    @johnprather8 7 років тому

    I had to turn on the subtitles concat - a - what? concatenate... shoulda paid attention in math...