Lecture 1 - Intro to Crypto and Cryptocurrencies

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  • čas přidán 9. 07. 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

Komentáře • 255

  • @thebitcoinblog921
    @thebitcoinblog921 Před 9 lety +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 !

  • @Chopik1149
    @Chopik1149 Před 6 lety +2

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

  • @ParthPatel-vj2zv
    @ParthPatel-vj2zv Před 2 lety +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

  • @sreenivaspg7753
    @sreenivaspg7753 Před 6 lety +1

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

  • @RoozbehDaneshvar
    @RoozbehDaneshvar Před 7 lety +3

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

  • @robertmyers3459
    @robertmyers3459 Před 3 lety

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

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      @harveydaniels5115 Před 3 lety

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      @brandonhussain4258 Před 3 lety

      Growing an account requires dedication and Patience

    • @aidanpatterson5430
      @aidanpatterson5430 Před 3 lety

      @@brandonhussain4258 .Not everyone has the patience and persistence to grow account. Some may end up blowing up their account.

    • @jamiehussain2811
      @jamiehussain2811 Před 3 lety

      @George Potter .Demo account are risk free

    • @harrychapman3172
      @harrychapman3172 Před 3 lety

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

  • @Marynando
    @Marynando Před rokem +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 Před rokem

      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 Před rokem

      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 Před rokem

      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 Před rokem

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

    • @Marynando
      @Marynando Před rokem

  • @JoukoSalonen
    @JoukoSalonen Před 9 lety +2

    thank you. Excellent start!

  • @DeepakSingh-hl3er
    @DeepakSingh-hl3er Před 2 lety +2

    Really amazing lecture.
    Thanks for decentralising the knowledge.

  • @geofaz7047
    @geofaz7047 Před 6 lety +2

    whoa super detailed may need to see this a few times

  • @d3c0d3junky
    @d3c0d3junky Před 6 lety +1

    Very beautifully explained, thanks!

  • @SuperRedja
    @SuperRedja Před 7 lety +2

    Excellent! thank you very much for sharing your knowledge

  • @DarijusF
    @DarijusF Před 7 lety +2

    Good stuff, much appreciated!

  • @dclafever
    @dclafever Před 9 lety

    Great intro to bitcoin. Thank you for posting this.

  • @navonildeb3583
    @navonildeb3583 Před 7 lety +1

    appreciable teaching. done a really great job @profs

  • @johnmacdonald4560
    @johnmacdonald4560 Před 3 lety +2

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

  • @jamusundararajan7170
    @jamusundararajan7170 Před 6 lety

    Excellent lecture covering the key concepts very concisely

  • @Brainwaves2802
    @Brainwaves2802 Před rokem +1

    Thank you,
    Sir, for the accessible lecture.

  • @ibrooksdb9
    @ibrooksdb9 Před 6 lety +1

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

  • @TheDinarian
    @TheDinarian Před 4 lety

    Thank you so much for doing these.

  • @crimsonalucard
    @crimsonalucard Před 9 lety +24

    Your speaking is very clear. Great lecture!

  • @pushkarsoni8927
    @pushkarsoni8927 Před 5 lety +1

    Amazing Lecture prof!

  • @CRIresearch
    @CRIresearch Před 9 lety +32

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

    • @hallerd
      @hallerd Před 9 lety +1

      $1 *****

    • @OlympischbriesjeNadaAverage
      @OlympischbriesjeNadaAverage Před 7 lety

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

    • @Ozymandias1
      @Ozymandias1 Před 7 lety

      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 Před 7 lety

      Let me hug some coins (っ◔◡◔)っ!
      19HKMEVXViRMdMj318x5VqTPzJ1ipEBLSK
      czcams.com/video/fOMVZXLjKYo/video.html

    • @eureka4498
      @eureka4498 Před 6 lety

      CRI did

  • @samjphoto
    @samjphoto Před 9 lety +1

    Great lecture!

  • @kennedigreen6788
    @kennedigreen6788 Před 7 lety +1

    Great Lecture!

  • @CROOMANILE
    @CROOMANILE Před 5 lety

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

  • @hushi3403
    @hushi3403 Před 6 lety

    Love it!!!! nice explanations

  • @justenkarinmerks-roebroek9281

    Thanks for sharing!

  • @udaysingla3260
    @udaysingla3260 Před 3 lety +2

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

  • @waqardetho2426
    @waqardetho2426 Před 8 lety

    great lecture very well explained thanks.....

  • @taviokagame9305
    @taviokagame9305 Před 6 lety

    Excellent lecture. Very very good stuff

    • @isaackendall9549
      @isaackendall9549 Před 6 lety +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.

  • @simonsicard4867
    @simonsicard4867 Před 9 lety +1

    Nice ! Thanks

  • @piggubiggu5324
    @piggubiggu5324 Před 3 lety

    BRILLIANT

  • @icemd24
    @icemd24 Před 8 lety

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

  • @sasthihalder8145
    @sasthihalder8145 Před 7 lety

    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.

  • @adetorrent
    @adetorrent Před 6 lety

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

  • @chautrongan6183
    @chautrongan6183 Před 6 lety

    THANK SIR, GOD BLESS AMERICA AND GREECE-ROMAN.

  • @osharaki
    @osharaki Před 8 lety +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 Před 8 lety

    @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?

  • @dizmus_8267
    @dizmus_8267 Před 6 lety

    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?

  • @_ashout
    @_ashout Před 2 lety

    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?

  • @pankajkumaranuragi8453

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

  • @OnePunchSaga
    @OnePunchSaga Před 6 lety

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

  • @vasuagarwal6140
    @vasuagarwal6140 Před 5 lety

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

  • @manonlescaut4701
    @manonlescaut4701 Před 7 lety

    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!

  • @jgizzy
    @jgizzy Před 7 lety

    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.

  • @MK-007.
    @MK-007. Před 7 lety +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.

  • @kirchdubl1652
    @kirchdubl1652 Před 6 lety

    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?

  • @jasonvaccaro5352
    @jasonvaccaro5352 Před 6 lety

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

  • @aliyassine999
    @aliyassine999 Před 6 lety

    Thank you

  • @rolandtritsch
    @rolandtritsch Před 7 lety +12

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

  • @Youer777
    @Youer777 Před 2 lety

    anyone knows: are all coins are immutable? thanks!

  • @stepanvorobiev3440
    @stepanvorobiev3440 Před 9 lety +3

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

  • @zandaya
    @zandaya Před 9 lety

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

  • @shipod
    @shipod Před 8 lety +46

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

  • @xa1551
    @xa1551 Před 2 lety

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

  • @livinglong8258
    @livinglong8258 Před 6 lety

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

  • @789overdrive
    @789overdrive Před 6 lety +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 Před 6 lety +2

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

  • @SomnoNaut
    @SomnoNaut Před 9 lety

    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?"

  • @illiahalych4543
    @illiahalych4543 Před 6 lety

    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.

  • @srinivasrao3867
    @srinivasrao3867 Před 8 lety

    very good

  • @satyajitdeshmukh1880
    @satyajitdeshmukh1880 Před 6 lety +3

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

  • @JavierSalcedoC
    @JavierSalcedoC Před 3 lety

    Time for a 4th rewatch?
    Yes.

  • @nishanthcodes4576
    @nishanthcodes4576 Před 10 měsíci

    perfect

  • @jurgengermeys5508
    @jurgengermeys5508 Před 6 lety +1

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

  • @sudheeshv4834
    @sudheeshv4834 Před 3 lety +1

    Sir will u please post the week 1 assingment answer file

  • @herkules1663
    @herkules1663 Před 3 lety +1

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

    • @ishitaviti5801
      @ishitaviti5801 Před 3 lety

      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*

  • @aryatayal129
    @aryatayal129 Před 4 lety

    Does anyone have answers to the quiz of this course ?

  • @andre.queiroz
    @andre.queiroz Před 8 lety +20

    I lost it on the meteor HAHAHAHAHAHAHAHA

    • @317jeetu
      @317jeetu Před 3 lety

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

  • @samahelemary7300
    @samahelemary7300 Před 2 lety

    Please, I want solution of exercises to chapter 1

  • @lihaozhang6611
    @lihaozhang6611 Před 6 lety

    Where can we get the lecture PPT?

  • @neilh.4385
    @neilh.4385 Před 6 lety

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

  • @SoCalFreelance
    @SoCalFreelance Před 9 lety +9

    Ummmm, cryptographic vegetables, tasty :D

  • @_ashout
    @_ashout Před 2 lety

    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)

  • @samahelemary7300
    @samahelemary7300 Před 2 lety

    Can I get slides of lecture , please?

  • @gdaaps
    @gdaaps Před 6 lety +1

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

  • @lokalboys2482
    @lokalboys2482 Před 3 lety

    Tammm

  • @gaofan2856
    @gaofan2856 Před 2 lety

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

  • @chamcham123
    @chamcham123 Před 8 lety +37

    He looks like Tim Cook.

  • @uscdb07
    @uscdb07 Před 8 lety

    What's the song used in these videos?

  • @zachrichardson8713
    @zachrichardson8713 Před 7 lety +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 Před 6 lety

      yeah he meant that they are the same.

    • @ravikirantuduru1061
      @ravikirantuduru1061 Před 5 lety

      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 .

  • @hspnew
    @hspnew Před 6 lety

    Why complaints? this is "intro" yes

  • @kerrytrax9332
    @kerrytrax9332 Před 6 lety +1

    "relies on hairy math" best quote

  • @digitizedcurrencygroup915

    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.

  • @Naimazamm
    @Naimazamm Před 5 lety

    I want to learn it

  • @MrRigdensChannel
    @MrRigdensChannel Před 6 lety +1

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

  • @kocaeliajans1605
    @kocaeliajans1605 Před 7 lety

    l

  • @JavierSalcedoC
    @JavierSalcedoC Před 9 lety +4

    A course for gentlemen

  • @mkmason2002
    @mkmason2002 Před 7 lety

    Heeelp! Every time I try to purchase ETH my CC Visa says Cionbase it's a company in Great Britain, and it blocks the purchase. Is coinbase out of GB I thought it was in Ca. Are the Visa bankers trying to discourage folks from buying?

  • @brocho-_xx6253
    @brocho-_xx6253 Před 3 lety

    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.

  • @iamlove7096
    @iamlove7096 Před 2 lety

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

  • @gdaaps
    @gdaaps Před 9 lety

    vegetables are great...

  • @AdvExplorer
    @AdvExplorer Před 6 lety

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

  • @videofudge
    @videofudge Před 5 lety +1

    So... invest in GoofyCoin?

  • @aramaisbaghoumian863
    @aramaisbaghoumian863 Před 3 lety

    Am the one who Broke the code .
    And launch it towards Japan 1991! Dark net!.

  • @vovos00
    @vovos00 Před 6 lety

    He looks like Tim Cook