Video Transcript

Let’s see if I can explain the Bitcoin Network to you in under 60 seconds are you ready let’s go whether you’re on the side of religion or science they all start with the same story something to do with energy and that is the production of energy is our civilizational infrastructure that is

The production of electricity and in the 21st century we all use electricity it’s extremely important and we’re moving everything on to an electricity standard but what if we have excess electricity well we could consume it in computers to produce heat to warm our homes or green houses but they also produce this

Digital commodity called hash power and hash power is simply compute power that is specific to mining blocks of Bitcoin on the blockchain and the blockchain all it does is store data and that data is financial data we call Bitcoin a monetary unit based on the energy sector