Bitcoin Deep Dive
A focused route through Bitcoin's own mechanics, beyond the basics covered in Crypto Beginner.
Who it's for: People who already understand what Bitcoin is at a high level and want to understand how it actually works.
12 steps · ~46 min of guided reading, plus research and tool steps
What you'll learn
- • Explain Bitcoin's fixed-supply monetary policy and why halvings happen on a schedule.
- • Understand what mining actually secures and what determines a miner's real profitability.
- • Explain what a transaction fee pays for and why fees rise and fall with network demand.
- • Describe what the Lightning Network changes about how Bitcoin can be used, and what it doesn't change.
- • Understand Bitcoin Script's role and how a soft fork has historically changed Bitcoin without breaking consensus.
- 1Guide
6 min read
What Is Bitcoin?
Start with Bitcoin's own purpose and design, if you haven't already covered this.
- 2Guide
6 min read
Bitcoin's Monetary Policy Explained
Understand the fixed-supply rules that make Bitcoin's scarcity enforceable rather than promised.
- 3Guide
5 min read
Understanding Bitcoin's Halving Cycle
See how that monetary policy is actually implemented on a recurring schedule.
- 4Tool
Halving Countdown Calculator
Practice working out time and blocks remaining to the next halving yourself.
- 5Guide
6 min read
Bitcoin Mining Explained
Learn what mining actually secures and how new bitcoin enters circulation.
- 6Tool
Mining Profitability Calculator
Practice estimating real mining profitability after hash rate share and electricity cost.
- 7Guide
5 min read
Understanding Bitcoin Transaction Fees
Understand what a fee actually pays for and why it rises and falls with demand for block space.
- 8Guide
6 min read
The Lightning Network Explained
See what a second-layer network changes about how Bitcoin can be used, and what it doesn't change.
- 9Guide
6 min read
Bitcoin Script Explained
Learn the scripting system that makes multisig and other spending conditions possible.
- 10Guide
6 min read
The History of Bitcoin's Major Forks
Understand how Bitcoin has changed over time through soft and hard forks, without a central authority deciding.
- 11Research
Bitcoin
Apply everything you've learned to Kaavon's real Bitcoin research profile.
- 12Research
Bitcoin vs. Gold: A Comparative Store-of-Value Analysis
Finish by seeing how Bitcoin's design compares to the store-of-value asset it's most often measured against.