Bitcoin Transaction Explained in 5 Minutes

In this quick video, we do our best to explain the mechanics of a single Bitcoin transaction in 5 minutes or less. We explain things like addresses, wallet apps, private keys, and the blockchain.
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[@elijahromashchenko7731]

Colt don't stop! Go forward, you are doing a great job! Thank you! I'm very very happy to find and sign in your course!

[@kavitadesai9528]

I take your full stack developer course. So far it's the best course that I have ever taken

[@BA-xs5du]

I can finally say that I am one step closer to understanding bitcoin, brilliant job!

[@RogerThat902]

Really enjoyed this. I'd never heard the public drop box explanation, but that is perfect for clearing up where the private key comes in (what I was struggling to understand!). Thanks!

[@ramondavi5436]

You're amazing Colt !

[@digitaldisruptlabs]

Hey! Your KZbin project is amazing! Keep doing this please! I literally die with your intro btw haha!

[@amansahil]

Could you do crash courses on stuff like vue , angular, firebase or even ethereum

[@RishabhJain-hr6sz]

Nicely Explained.

[@tdux4162]

Finally I understand! Thanks

[@alxrlja]

goodspeed Colt. I'm the subscriber #361 of much much more to come! :-)

[@ashome7622]

Finally you’re here I’m very happy :D it’s peace of mind ✌🏻

[@asifhashmi9519]

Awesome explanation .

[@AlexSmith-kr3pj]

Hi Colt, I've noticed that some morons have decided espouse their nonsense in the comments. PLEASE don't let the idiots put you off growing your channel (not that I think they would but I wanted to say it anyway). Your courses are top-notch! Keep up the good work.

[@WilliePeloquin]

Good luck with your KZbin page. I am one of your MySQL students. I hope to start a KZbin page in the near future.

[@jinwookkim8511]

I can't wait to watch your new bitcoin videos! :)

[@hazzafilms2580]

Best of luck colte

[@sididiaby5784]

nice colt!!

[@bobbyn28]

Where can I find the course

[@bwulf]

He's a great teacher, one of the best online. Stop hating.

[@jessecaine3779]

if you had the success he has and received hundreds of questions every day, I doubt you would have the time to single-handedly respond to every question.

[@urgenttax2436]

I bought three of his courses. he personally responded to four of my questions, and Ian responded to 12 other. He has brilliantly clear explanations, and all 16 questions I had was answered. Stop the hate.

[@chrisr3155]

Alex Jesus, he has a job and he does it quite well. He teaches people how to harvest their skills and find a job. You couldn’t hold Colts jock strap. That’s the whole point of Udemy...to learn. Just like websites and just like you tube. The fact that you’re giving this guy and other commenters shit says a lot about your self esteem.

[@jessecaine3779]

You definitely don't make 100k a year doing anything that involves writing. You can barely piece together a sentence.

[@juseis2999]

Un dropbox es un adress para mandar la crypto, cuando yo digo un adress me refiero a un link que puede se mandao por codigo qr o el link en si, ok entonce vamo a decir que un amigo me quiere manda 10 bitcoin, tu tiene que crea un dropbox con una aplicacion. Ahora como uno saca el dinero transferido a un dropbox, bueno funciona asi, cualquier persona puede transferir bitcoin a el dropbox, PERO solo yo( el creador del dropbox tiene acceso a esa criptomoneda) osea que dete que tu amigo te mande el crypto ya no tiene acceso a el Aqui viene lo de blockchain, que es un lugar public que tiene los dropboxes en conjunto, osea de pila de jente que ta haciendo e mismo proceso, la ventaja de hacer un dropbox por un blockchain es que solo se necesita uno para la transacion ya que mandaria a todos al mismo link en el cual solo tu tienes acceso a recoger y usar el crypto.

[@letslearntogether2481]

Hi Colt, I am a freelance PHP developer and working via Upwork. Now-a-days most of the clients from Upwork asking like Need a "Looking for an experienced developer in Cryptocurrency Exchange building." / Crypto currency exchange / Bitcoin wallet / crypto currency wallet etc.. Can you please provide complete bitcoin / crypto currency related course , which will make us to fulfill client requirements.. Thank you.

[@jun_senba4146]

So bitcoin its like imaginary coin where the only way to get it in the matrix room...

[@king0fw0rld69]

This is more like a send/receive explanation of Bitcoin. Doesn't really explain what the Bitcoin is.. Should consider renaming the title..?

[@ColtSteeleCode]

That's a good point. It's really more of "how a single bitcoin transaction works" rather than how all of bitcoin works behind the scenes. I'll see if I can edit the title/thumbnail.

[@Cognitoman]

yo!!!!

[@AshishSingh-op2ul]

Are you a twins of Tom Holland?

[@Naomi-rf1bl]

poSt moRe PleAse

[@13lackfir3]

But it’s not anonymous, right?

[@liam190]

It is. People can see the transaction but they can't make out who did that.

[@13lackfir3]

Liam well that’s not exactly true as well. You can trace it to both the sender and the receiver. It’s not something simple to do but the USPS is using technology to try and stop deep/dark web transactions.

[@gibau1000]

Why can't someone go straight to the point and explain the whole darn crap?

[@kingdavidoninstagram8254]

His the best ☝️☝️☝️