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We know Bitcoin is banned in Nepal but do you know what it really is ? In this video we’ll teach you everything you need to know about the technology behind Bitcoin which some have called the greatest technology ever whilst some have labelled it as the biggest scam of all time. Today, we’ll address both sides as we understand the history of the existing economic system, analyze its weakness and finally see if bitcoin solves these issues. Don’t worry we won’t use complicated jargon and instead will ease you into the world of bitcoin after creating our own simple to understand economic system. We promise that this video will be all you need to understand the whitepaper that brought Bitcoin into existence. So, get yourself a cup of tea and give us 30 minutes of your time and be prepared to have your mind blown. Timestamps: 0:00 - Intro 1:13 - The Backstory 2:28 - Traditional Way of Transactions 5:02 - Our Own Financial System (Analogy) 14:05 - Double Spending Problem 16:32 - Bitcoin and Blockchain Explained Massive shoutout to the Web Based Blockchain Demo tool we used in the video. It's open source and you can use it for yourself from here: https://github.com/anders94/blockchai... This not only helped us learn the concept but also became the perfect tool that helped us present our video. Links to resources used in the video: 1. Link to the whitepaper by Satoshi Nakamoto: https://www.ussc.gov/sites/default/fi... 2. Link to the Bitcoin Blockchain Explorer: https://btcscan.org/ 3. Link to Bitcoin Transaction Visualizer: https://txcity.io/v/btc-eth Here are some additional resources if you want to learn Bitcoin and Blockchain on your own: 1. Understanding Digital Signature: https://www.instructables.com/Underst... 2. Bitcoin Developer Guide: https://developer.bitcoin.org/devguide/ 3. Learn how crypto are designed and function within various subjects here: • MIT MAS.S62 Cryptocurrency Engineering and... A huge thank you to Pranjal Pokharel ( / ppok_24 ) who led the research that went into making this video. This video would not have been possible without your help. And finally, a huge shoutout to Luna Manandhar ( / luna_manandhar_ ) who provides us with the thumbnails for all our videos. ** Disclaimer: This video is for educational and informational purposes only and does not constitute financial, legal, or investment advice. Bitcoin and cryptocurrency-related activities are banned in Nepal as per the Nepal Rastra Bank, and we do not encourage or endorse any illegal actions. The content explores the technology, history, and debates surrounding Bitcoin in a simplified manner. Viewers should conduct their own research and consult with qualified professionals before making any decisions related to cryptocurrencies. Opinions expressed are those of the creators and not necessarily reflective of any official stance. Always comply with your local laws and regulations. **