A look at nodes and miners in managing bitcoin transactions

See how the concept of verification and addition to the blockchain works in real time.

Every transaction made via bitcoin is recorded on its blockchain—the decentralized, distributed ledger that provides a permanent and transparent record of the currency's entire history. While that may sound abstract, the technology allows anyone to monitor and confirm each of the transactions.

Bitcoin mining validates/adds bitcoin transactions onto the blockchain

Mining, done by a decentralized network of actors, is incredibly energy intensive, making the award of bitcoins a major incentive.

A visual guide to how bitcoin transactions work and rely on cryptography

The "crypto-" in cryptocurrencies like bitcoin refers to the mathematical functions that generate pairs of public and private keys and encrypt data in blocks. When combined, these systems secure transactions on the network, verify digital asset and token transfers, and contribute to end-user anonymity.

Watch an expert explain blockchain technology to five different people: a child, a teen, a college student, a grad student, and a fellow expert.

A simple visual explanation of how blockchains work

Blockchains are decentralized, distributed, and digital methods to record transactions and prevent alterations and tampering of the record. That's a simplified definition. This easy-to-understand six-minute video further and better explains what blockchains are and how they work using colorful illustrations and clear, concise clarifications on their processes and what makes them so special.

Only 21 million bitcoin will ever be created—what happens then?

Bitcoin is a popular cryptocurrency with a finite supply, and the issuance of new bitcoins is currently offered as a reward for verifying the transactions on the blockchain. Experts say the currency won't reach its limit until the year 2140, and miners may ultimately rely on transaction fees.

Bitcoin explained and made simple

Bitcoin, the most popular and well-known example of a cryptocurrency, came on the scene around 2010, with its evangelists proclaiming it would eventually displace government-backed traditional cash. While the concept of a digital currency may seem straightforward, the details can be deceptively simple. This quick video overview provides the foundation for a deeper dive into the world of decentralized currency.

A definitive guide to crypto and blockchain

The concept of cryptocurrency emerged more than a decade ago, with a famous whitepaper on bitcoin. To fully understand the rise of bitcoin, Bloomberg’s Matt Levine developed this comprehensive four-part series exploring the broader crypto and blockchain ecosystems, where they came from and how they work (subscription required).

The blockchain offers tantalizing possibilities for future use

Think of blockchains as a running list of information, where new details are added to the running chain as discrete "blocks." With crypto, the information contained within each block could be virtually anything, providing flexibility for uses in commerce, legal filings, healthcare records, and more.

What is blockchain? A visual explanation from a Stanford professor

Stanford professor Dan Boneh teaches "Blockchain Primitives: Cryptography and Consensus," providing an introduction to the cryptographic foundation of blockchains and how developers can use them to build new types of applications.

Using cryptocurrency to turn traditional financial arrangements on their head

Cryptocurrency is poised to drastically change everything in the financial world, including financial arrangements. Decentralized finance makes it easier for virtually anyone to take advantage of financial markets without the need for a bank. However, there are new risks involved as well. Professor of Legal Studies and Business Ethics Kevin Werbach, an expert on Bitcoin and blockchains discusses it all in detail in The Conversation.

Check the real-time price of bitcoin

Bitcoin has gone through several boom and bust cycles. Those peaks and valleys sit on top of a steadily rising value, growing as the currency gains wider adoption. As of 2024, bitcoin’s total market value was over $1.3T, with more than 19.6 million coins in circulation. Still, the value fluctuates.

Money laundering is a three-step process: placement, layering, and integration

"Placement" occurs when dirty money is introduced into the financial system. Then "layering" happens when the money is moved around to disguise where it actually came from. Finally, the money is placed in other assets or investments in a step called integration.

Ledgers—what are they good for?

It might seem strange that a ledger—a dull and practical document associated mainly with accounting—would be described as a revolutionary technology. But the blockchain matters because ledgers matter. Read (or listen to) this 14 minute breakdown on why ledgers matter.

A list of major companies that accept cryptocurrency as payment

Have a fistful of Bitcoin? SpendMeNot provides a fascinating infographic that shows which companies currently accept the cryptocurrency. If you want to know where you can engage in Bitcoin transactions, this extensive resource directs you to the right merchants. Food, jewelry, banks, travel services and more are all represented here.

There's a bitcoin mine in remote Zambia

In Zambia, a small hydropower plant draws water to power a town of 15,000 people—and a bitcoin mine. A shipping container containing 120 computers mining bitcoin—solving complex calculations to win the reward of several bitcoin—was set up near the plant to use its cheap electricity, and share its revenue.

Many bitcoin enthusiasts have compared the cryptocurrency to digital gold

Gold is valued for its stability and reliability, serving as a hedge against inflation and economic uncertainty. Bitcoin shares both of these characteristics, but also provides near-instant liquidity and isn’t subject to government regulation.

Onion routing disguises internet traffic in layers resembling a nesting doll

Data is encrypted at least three times before being sent to a node—a server that can only decrypt one layer. Then, the underlying encrypted data is relayed to another node, and the process repeats until all layers are decrypted. Thousands of possible nodes make it extremely difficult to trace activity within the system.

What are smart contracts?

Smart contracts are potentially one of the most useful tools associated with blockchain, and they can enable the transfer of everything from Bitcoin and fiat currency to goods transported around the world. Here’s what they do and why they’re likely to gain traction.

Bitcoin and ethereum are decentralized cryptocurrencies with different functions

Bitcoin, launched in 2009, is primarily a digital currency and store of value with a fixed supply. Ethereum, introduced in 2015, enables smart contracts and decentralized apps, offering more flexibility.

Read the original white paper from Satoshi Nakamoto

Satoshi Nakamoto's original introductory paper "Bitcoin: A Peer-to-Peer Electronic Cash System," is required reading for anyone who wishes to understand the cryptocurrency. Bitcoin.org provides assorted translations. While Nakamoto's identity remains a mystery, his ideas are neatly laid out here, along with supporting documentation.

Princeton University offers a free online bitcoin course

Want to understand bitcoin and cryptocurrencies? A free online course from Princeton University unpacks the details of bitcoin, from how it works to what distinguishes it from other currencies, to the security and anonymity associated with its use. Explore explainer videos, or take the course as a series of lessons.

Bitcoin started as a .PDF

Have you ever wondered how bitcoin became, well, bitcoin? In this podcast episode, journalist PJ Vogt dives into what drove the bitcoin hype machine, explaining how it became the phenomenon it is today.

The benefits of cryptocurrency and blockchain technology

At the root of cryptocurrencies' allure is blockchain technology, an innovation bringing profound transformations to industries, especially the financial industry. This simple article breaks down the difference between cryptocurrencies and blockchain as well as the benefits of each.

Proof-of-work is the original way cryptocurrencies added new blocks to blockchains

It’s a competitive method requiring “miners” to solve cryptographic puzzles, often using equipment that consumes massive amounts of energy. Ethereum switched to proof-of-stake, a less energy-intensive method in which “validators” stake crypto to be randomly chosen to check transactions.

Watch a video that visualizes what really happens inside a credit card network when you make a purchase.

Cryptocurrency is reshaping finance, but its environmental impact often sparks debate

Behind the scenes, mining operations consume vast amounts of energy, comparable to the emissions of small nations. What drives this surprising environmental footprint, and can the industry evolve?

Who accepts bitcoin payments in 2025?

Bitcoin and other cryptocurrencies are used primarily as stores of value or speculative assets, and less likely to be used to purchase goods and services. Advocates for the currency say as an increasing number of retailers accept bitcoin, average holders will begin to treat the currency more like traditional money.

Merchants have to pay credit card transaction fees each time a card is swiped

Credit card networks such as Visa, Mastercard, and American Express must calculate fees for not only the customer, but also the merchant in every transaction.

Two Papa John's pizzas were the first real-world transaction involving cryptocurrency.

Explaining the Ethereum merge in simple terms

Ethereum slowly switched the way it adds blocks to the chain. In 2022, it completed its transition from a proof-of-work model to a proof-of-stake model. That event, called “The Merge,” happened when it combined two Ethereum blockchains operating under different systems. For an explanation of proof-of-work and proof-of-stake, and the significance of switching from one to the other, read this article.

The Chain Reaction podcast: The latest in bitcoin and blockchain developments

There are constantly new tokens, DeFi projects, NFT collections, and DAOs being launched, but how can you make sense of everything going on in the crypto space? TechCrunch senior crypto reporter Jacquelyn Melinek explores the impact of crypto on finance, art, web3, and society as a whole. One the best resources to keep up with actual—meaning, beyond the hype—developments in the world of bitcoin and blockchain.

The industries ripe for disruption by blockchain and cryptocurrencies

Blockchain—what is it good for? Lots of things, it would seem. Peruse this guide from The Motley Fool site and learn about different applications and use cases for blockchain technology. Financial exchanges, real estate, insurance, voting, an gambling are just a few of the 15 applications discussed here.

In 2008, Satoshi Nakamoto began working on the underlying bitcoin code and blockchain

Widely credited as inventing the currency, Nakamoto abruptly disappeared from the digital world—no one has confirmed his identity, or whether he was even a single individual.

Bitcoin, the oldest and most popular cryptocurrency, is a digital cash alternative introduced in 2009 that rapidly grew in popularity and now boasts a global user base.

What do investment bankers actually do?

Investment bankers organize large financial transactions at a high level. But what does that look like day to day? A video breaks down the specifics about the transactions and deals investment bankers work on, and which members of an investment banking team have eyes on each project.

Crypto exchanges are online platforms to buy, sell, and exchange cryptocurrencies

Crypto exchanges have grown alongside and fueled the boom in digital currencies. Popular exchanges like Coinbase, Kraken, and Binance each have separate features, fee structures, and more. You can learn how to begin with the platforms, how to carry out research, and when to be aware of the associated risks.

NFTs can be minted using an online marketplace or directly on the blockchain

Minting, or creating, an NFT is how NFTs are added to the blockchain. The process can be simplified by using a popular marketplace.

Visualizing the history of money

Money is any medium of exchange used in payments for goods or services and can take many forms. From cattle and shells in ancient times to paper and blockchain today, money has taken many shapes and sizes. This infographic illustrates some of the major forms of exchange world cultures have used over the last 5,000 years.

Bitcoin's founder has always remained anonymous

A pseudonym used by the person or group of people who created bitcoin—the first decentralized cryptocurrency—the real identity of Satoshi Nakamoto has baffled millions of enthusiasts for years.

The role stories play in mass economic trends like bitcoin, crashes

Economics is dominated by numbers, but stories play a huge role in the emotional shifts seen within macroeconomic trends. For example, bitcoin is not just a cost-benefit winner, but a compelling tale of decentralization and independence. This is a 20-minute summary of Nobel prize-winning economist Robert Shiller's "Narrative Economics."

Making sense of the parts of a check

Though individuals use checks sparingly if at all, half of businesses rely heavily on check-writing to pay suppliers and contractors. Get to know the parts of a check with this visual guide.

Proof-of-work versus proof-of-stake: what's the difference?

The two main consensus mechanisms—the way blockchains confirm and enshrine information—are proof-of-stake and proof-of-work. An overview compares the differences between the two and the latter's ability to reduce the energy intensity of the computation process, which has emerged as one of the biggest criticisms of the crypto boom.

How exchanges like the Chicago Mercantile act as trading referees

Chicago's Mercantile Exchange emphasizes futures contracts on commodities. This podcast episode breaks down how exchanges actually work, make money, and streamline the market.

Worldwide cryptocurrency heists tracker

A look at the biggest cryptocurrency heists, be they from an exchange, smart contract, or a business, including amounts, methods, reparations, and consequences.

The similarities and differences between bitcoin and ethereum

Ethereum is the second-largest cryptocurrency by market cap behind Bitcoin. Usually, that comparison just scratches the surface of the overall market cap. Instead, a visual pits the tokens up against each other on a per-token basis and shows how and why the Ethereum/bitcoin ratio has fluctuated over time.

An explanation of TCP/IP, which helps transmit data across the internet like a club sandwich

The system consists of several layers—application, transport, internet, and network—each responsible for specific tasks. These include interacting with a web browser, checking for errors, sending packets of data across various networks to avoid congestion on their way to a destination address, and managing the transmission of information across hardware, such as an Ethernet cable.

The internet explained at five levels of difficulty, from protocols to internet flattening

Resembling a roadway with traffic laws that all cars must follow, the internet is the hardware that connects a source to a destination, and these connections must follow specific software rules. Although data had to travel through about 10 networks to reach a destination in the past, data centers increasingly consolidate traffic, just as a highway does for cars, to improve data speeds.

Cryptocurrency acts as a store of value

Traditional money, dating back to its first known uses in ancient Babylonia, has many uses—it reduces friction in transactions by providing a common denominator of value (unit of account), acts as a single item accepted by many vendors (medium of exchange), and holds wealth as a store of value.

The US Mint created a video to show kids how coins are made

The video, made simple for children (or anyone who wants an easy-to-understand 101 video about the process coins go through to get in your wallet), outlines the entire process that a coin goes through in its lifetime, from Congress voting on new coins, to how coins are stamped, to their journey to a Reserve Bank.