In this video, we delve into a detailed comparison between two prominent blockchain networks: Polkadot and Bitcoin. Exploring their historical origins, functionalities, and unique features, we shed light on how these networks operate and differ. Discover how Bitcoin's Proof of Work consensus stands against Polkadot's Nominated Proof of Stake system. If you're curious about the future of cryptocurrency and want a comprehensive understanding of these networks, this video is your guide.
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➡️ Breakdown
00:00 - 00:23 ⮕ Intro
00:24 - 01:33 ⮕ About Bitcoin
01:34 - 04:26 ⮕ Pre-Bitcoin Era
04:27 - 06:07 ⮕ Work Mechanism of Bitcoin and Polkadot
06:08 - 06:48 ⮕ Programming Language
06:49 - 7:25 Scalability
07:26 - 08:04 ⮕Energy Efficiency
08:05 - 08:40 ⮕ Tokenomics
08:41 - 10:15 ⮕ Total Supply
10:16 - 10:40 ⮕ Outro
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➡️ Referenced Links:
1. Polkadot SDK Github ⮕ github.com/paritytech/polkado...
2. Polkadot (Official) ⮕ polkadot.network
3. Polkadot Network Explorer ⮕ polkadot.js.org/apps/#/explorer
4. Polkadot JS ⮕ Polkadot.js.org/apps
5. Bitcoin Whitepaper ⮕ bitcoin.org/bitcoin.pdf
6. Polkadot reveals future-proof scaling updates at sub0 developer conference ⮕ www.polkadot.network/newsroom...
7. What is the Total Supply of DOT? ⮕ support.polkadot.network/supp...
8. What is DOT and uses of DOT ⮕ wiki.polkadot.network/docs/le...
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➡️ Third Party Links
1. The Great Recession ⮕ en.wikipedia.org/wiki/Great_R...
2. Bitcoin WiKi ⮕ en.bitcoin.it/wiki/Main_Page
3. The 2008 Global Meltdown and Birth of Bitcoin ⮕ www.livemint.com/Money/YTYMYU...
4. Digicash Wikipedia ⮕ en.wikipedia.org/wiki/DigiCash
5. Legality of cryptocurrency by country or territory Wikipedia ⮕ en.wikipedia.org/wiki/Legalit...
6. Bitcoin [Third Party Website] ⮕ bitcoin.org/en/
7. What exactly is the situation with Bitcoin’s supply? ⮕ www.blockchain-council.org/cr...
Bitcoin Energy Consumption Reported by -
1. How Much Energy Does Bitcoin Actually Consume? [HBR] ⮕ hbr.org/2021/05/how-much-ener...
2. Cryptocurrency’s Energy Consumption Problem [RMI] ⮕ rmi.org/cryptocurrencys-energ...
3. Why Does Bitcoin Use So Much Energy? [Forbes]⮕ www.forbes.com/advisor/invest...
4. Energy Consumption [Columbia Climate School] ⮕ news.climate.columbia.edu/202...
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➡️ Describedot Videos :
1. What is Substrate ? | Substrate Setup in Hindi ⮕ • What is Substrate ? | ...
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➡️ About @Describedot
Using precise articulation and extensive research, Describedot aims to explore the Polkadot (built using Substrate, a Blockchain-building framework) and Web 3.0 technologies through this channel. The agenda is to make words and topics clear, and easy to understand. Our goal is to help you to learn about the decentralized web and Why this is called the future of the internet.
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