Bitcoin Protocol Explained #3 – Transactions

Bitcoin Protocol Paper Playlist: http://www.youtube.com/watch?v=UieiMU-ImvI&list=PLQVvvaa0QuDcq2QME4pfeh0cE71mkb_qz&feature=share

All Bitcoin Videos Playlist: http://www.youtube.com/watch?v=UieiMU-ImvI&feature=share&list=PLQVvvaa0QuDebbCxrDPCux6SzC1RET4mF

In this Bitcoin Protocol tutorial video, the Transactions section of the Bitcoin protocol paper is explained. Of course, however, with this proposed solution, we have another issue. We can for sure confirm that a user owns or at least owned a coin, and we can confirm the chain of owners, but we cannot confirm just yet that this coin was not double spent. Have no fear, this is coming!

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