Geek Culture
Published in

Geek Culture

Bitcoin Broken Down

The “Explain it to me like I'm five” version we all need to read.


How To Hold Possession of a Bitcoin



Double Spending Problem


Earning a Bitcoin

  1. You have to verify 1MB worth of transactions. (Effort)
Not Bitcoin-related, but a simple debrief on the linked transactions

Hash Rate

Miner’s Reward


The Incentive


Personal Note



A new tech publication by Start it up (

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Fatimah Hussain

An AI+ML+CAD Software Design Enthusiast. Striving to Create an Everlasting Impact.