What is BLOCKCHAIN? The best explanation of blockchain technology
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- Опубликовано: 13 янв 2018
- Blockchain explained in plain English
Understanding how blockchain works and identifying myths about its powers are the first steps to developing blockchain technologies.
Blockchain is an algorithm and distributed data structure for managing electronic cash without a central administrator among people who know nothing about one another. Originally designed for the crypto-currency Bitcoin, the blockchain architecture was driven by a radical rejection of at (government-guaranteed) money and bank-controlled payments.
Blockchain is a special instance of Distributed Ledger Technologies (DLTs), almost all of which have emerged in Bitcoin's wake.
HOW DOES BLOCKCHAIN WORK?
Blockchain is a Distributed Ledger Technology (DLT) that was invented to support the Bitcoin cryptocurrency. Bitcoin was motivated by an extreme rejection of government-guaranteed money and bank-controlled payments. The developer of Bitcoin, Satoshi Nakamoto envisioned people spending money without friction, intermediaries, regulation or the need to know or trust other parties.
Technically, the original blockchain is separable from Bitcoin, but this report will show that the blockchain design is so specific to Bitcoin that it's not a good fit for much else.
The central problem in electronic cash is Double Spend. Because pure electronic money is just data, nothing stops a currency holder from trying to spend it twice. Blockchain solves the Double Spend problem without a digital reserve fund or similar form of umpire.
Blockchain monitors and verifies Bitcoin transactions by calling upon a decentralized network of volunteer-run nodes to, in effect, vote on the order in which transactions occur. The network's algorithm ensures that each transaction is unique.
Video created by the Centre of International Governance Innovation.
I share this video to everyone that asks me what it is. It's one of the best video explanations I've come across in the past 2 years.
I have no doubt in explanation but if we do mistake while entry in blocking we cant access to change it na??
Yeah it even helped me, a verified dullard, to understand.
@@avinashb8180 if you're making the changes means then you gotta edit accordingly the succeeding & preceding data of that particular block for example like in this video the records of land's sale from 1970-2010 years and you wanna edit the name of the person who owned in 2002 as it was wrongly uploaded(Avinesh to Avinash) then you gotta change data in the succeeding block too (Previous owner name as- Avinash).This editing should be verified by all the authorities too. After verification & approval only the correction will be updated.
@@avinashb8180 if i understand the ledger method correctly, the "mistake" remains as is but an additional block is added to correct it.
A blockchain doesn't have to be distributed. The only requirement is that the "blocks" of data are hashed and linked sequentially by including the preceding hash in the newest block. [Hash: deterministically reduce some data down to a "key". The important feature being that the same specific data will produce the exact same key, regardless of any other factors (time, computer, etc.).]
Most of what was explained was actually a specific consensus algorithm for handling a particular distributed ledger (Bitcoin). In general, the consensus resched is about which node gets to be the "central authority" on each update.
Investing is a way to set aside money while you are busy with life and have that money work for you so that you can fully reap the rewards of your labor in the future. Invest wisely.
One of my favorite expert trader is Gregory, he does real TA and his trade signals fetches me around 4.6Btc every month.
Excellent Crypto course! I now have a core understanding of trading & investing in Cryptocurrencies. Thank you, Mr Gregory. He explains it all so in depth, even for the advanced users. So, no matter your experience there’s always something you can learn!
Gregory Dubravko’s daily signal is top and one of the best out there when it comes to trading bitcoin.
Gregory my ass
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You most look outward if you wanna be successful in life.
Sure! Is a better way to counter this foreseen inflation, because all this wars everywhere are politics.
Living in one's "comfort zone" is a contributing cause to the plight of young people.
Fear is a total failure when you give up Ambitiousness; and Success is a game of dice, you throw your $coin while your investment decides your goal.
@@samiraabubakar2963 they said when you invest little money you earn big,
Can't even imagine how it is possible
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings.
@Vicki Sams Please can you leave the info of your invstment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
@Vicki Sams This recommendation literally came at the right time, I dipped by $11k in stocks last week alone. Its crazy! I just looked up Maryilyn Daine Lynch online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals . Information they say, is power. Thanks for this.
HELLO FROM SPAIN! I'VE BEEN AN INVESTOR IN THE CRYPTO MARKET FOR OVER 2YEARS NOW.
How do I get a professional broker to trade for me I have been trading myself and blowing up my account 😭
Hello thanks for introducing her to us i actually did the trade with a loan from my friend and now with the profits i payed up and now am happy and comfortable
Expert Mrs Jessica Dave has brought me out of wrenches and to be a better living through trading options I encourage newbies to trade with her
However, it's best advised we should work smart, look out for multiple streams of income and get more involved with online trading. For me, trading Bitcoin/forex still remains the best.
Warren Buffett once said "if you don't find a way to make money while you sleep, you will work until you die".
I'm a beginner who is seeking for advice, I want to start trading this 2021.
@@goodluckjustin3838 as a beginner I will advise you to work with madam Cynthia Edna, for good and huge withdrawals.
@Saud Farha i don't mentor investors, I have a financial consultant Mrs Cynthia Edna who handles my portfolio and I have been perfecting my strategy with her educational materials.
You can reach her up through her website below
*Cynthia Edna mchenry*©🅾♏*
One of the best content I’ve seen. Crypto is the best though I don’t self trade but I still make my profit with the help of my broker till I'm sure I can start of self trading.
Obviously trading in crypto is very volatile and risky to trade that's the reason most investors trade with a professional broker.
I'm looking forward to investing in the crypto market. I am still trying to figure out how the entire thing works
Hello Marcella who’s your broker I'm bit new to the market and willing to invest heavily
Lack of trading discipline is the primary reason for intraday trading losses.
it is estimated that nearly 80- 85% of intraday traders end up losing money in the stock market Experiencing loss is also part of the game but that don't mean you should give up.
@@paulsamson2830 My personal broker/investment manager; Expert Rebecca Davis, she runs a stock investment platform where you don't have to undergo any stress in the trades, she manages my account and all I need to do is invest capital and she gets a tiny bit of my returns as her commission.
Nice content. To me, trading the forex and crypto market is way better than any online investment💯
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating
@@chrissain1395 I will advise you to try expert Mrs Bridget's trading services...... She's the best
🏐🏐🏐
＋𝟭𝟰𝟮𝟰𝟮𝟮𝟲𝟲𝟮𝟱𝟳
Tell her i referred you👆
@@Kokoben1 Wow you really know expert Bridget...? I'm a living testimony of expert Bridget, she has been trading for me for months now
The amount of time we spend believing we can't is more than enough time to learn how you can.
-my brain
You are absolutely right 👍
Investing in crypto is very cool, especially with the current rise in the market.
@@andymarvic9439 I really don't know why people still remain poor out of ignorance.
@Judith William Am so surprised knowing that a lot of people knows about him, he helped me recover all that I lost to these online scammers.
@@iyabiggs3439 You don't need to be surprised because am also trading with Mr mark J. Ramsey.
When you stop learning , you get left behind . Never stop educating yourself
Being successful don’t happen by magic
Success is dependent on the action or
steps you take to achieve it. Show me
a man who doesn't have an investment
and I will tell you how soon he'll go broke
Investment is building a safe haven for the
future: with the right choice of investment
that has at least 1% minimum risk and
with an Expert guidance, profit and interest
should be 💯 guaranteed.
@@dulcerocio4763 I agree e with you 💯 .. I had a senior
colleague at work who was doing well but
never had an investment. Unfortunately he
lost his job and went from living a
comfortable life to hardship. There would
had been something to fall back on if he
had an investment
@Janaiana Butler True, there is never any culture of wealth gathering or wealth creation to keep multiplying your finance that lack an investment value. This means, if you have to plan you must be an investor. that's why Investing in crypto stands to be the best
@Janaiana Butler Yeah !! The only credible law of increase is investment because money not invested has no future. I make huge profits on my crypto investment since i started trading fx with Mr Kelvin Maorgan, his trading strategies are top notch.
It is the planning you put into today that will yield the dividends of prosperity for you tomorrow.
Why am I the only one that thinks that bitcoin is kinda easy but it's way is nervous to start✌🏻✌🏻
Yeah! I agree with you sir.
If you want to be successful, you must have the mindset of the rich, spend less and invest more. Don't give up your dreams.
People come here with the aim of chasing money more than knowledge and that will damage your progress trust me, chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@@migueltherapy7450 That's very correct sir!! And that's why most people end up losing money to scammers.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing..
Je me considère comme un succès dans le trading avec l'aide de mon courtier qui gère mon compte de trading et me rapporte des bénéfices impressionnants. Ses stratégies sont de premier ordre, associées à la petite commission qu'elle facture sur son échange. Je peux dire sans équivoque que le trading de crypto ou de forex est l'une des activités les plus rentables et les plus lucratives pour tout investisseur disposant du bon expert.
Le trading est très rentable avec l'aide d'un courtier expérimenté qui gère votre compte de trading
Investir dans des actifs est le code de triche pour avoir une vie financière réussie...
Pour éviter de subir des pertes lors de la négociation, vous devez acquérir une compréhension et une connaissance complètes de la négociation et de la détention
@@cryptolover4408 Vous avez raison... la plupart du temps, avoir des connaissances ou un aperçu d'une activité particulière peut également être un exercice agréable.
C'est vrai que la plupart des gens aujourd'hui ont eu beaucoup d'échecs dans le secteur commercial en raison d'une mauvaise plate-forme et d'une mauvaise orientation.
Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty
inconvenient.”
Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. - People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too.”
When bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the bitcoin universe an algorithm replaces the function of the goverment …[that] is actually pretty cool.”
It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies.
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence.
At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.”
01:30 - Let's say there was a dispute between Anne, and her brother Conor McGregor
Ha Ha Ha ! Nice
So, I wasn't the only one who saw the resemblance ...Lol
HOW MUCH TRUE IT IS ?
So conor KO annie
Get the fook out of my land
Live your desired life/dream life. I encourage everyone to invest in crypto currency Today and live a crypto lifestyle with professional, is the best way to financial freedom
I made $13,800 within 6days of trading
@@manuelasantilla948 You're lucky
I Lost $1500 trading with an unprofessional trader
Most people don't invest due to ignorance
People are scared of investing because of the high rate of scam in the business. There are scammers but real brokers are out there for investors
many see forex say a get rich scheme but forex is not like that, it's a gradual process with the right tools and application you can make a living from forex trading....
The rich get rich because they invest wisely and took the risky involved in making great profit
Here are some investment you can try.
forex
Bitcoin
stock
cryptocurrency
@@hannacollins7818 stock are good but I swapped and invested in forex , Bitcoin and other cryptocurrency. I have been making good profits
Bitcoin is the most profitable investment online if only you trade with a professional broker
@@markwillison9300 please, can i invest in forex trading on my own.. I have been practicing on my demo account
I've been searching for a good broker to trade with!!!
Please 🙏 sir how can i find one??
Real brokers are hard to find but you have to settle down and select one for yourself
@Innocent law Wow 😲 I'm surprised you called that name here.
Yes I've been working with her and she's super fabulous
Ohh i remembered a friend of mine calling that name but i didn't pay attention then...
But i will like to make some good investment with her.
You guys know Mrs Bell Elizabeth too...
I have been trading her, i invested $7k last two weeks and i received $21,560k and i placed another trade immediately.
@@allengalvin2838 Who's this Mrs Elizabeth everyone is talking about?
With all these compliments, i think she's an expert .
Please how can i contact her? 🙏🙏🙏
This is by far the best visual and audio explanation available on the internet. So elegantly explained using the ledger system.
Should have added links to your social media so i could follow them.
I have been watching some videos and I was thinking about investing, but still don't know where to start from.
I have heard alot about forex and bitcoin watched multiple video but always get confused 😕
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
I want to start too but i don't know how..
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts
The Crypto market has been good news lately, many people in it are seeing a great return on.
I'm a fan of crypto, I'm really benefitting from my investment in crypto.
@@clintonj.johnson9879 I am actually looking for a good trader to help me with my investment, any ideas?
I am investing with Mr Carvalho, he is among the best traders from the UK.
I would recommend Nura Carvalho if you are interested, he is a well known popular expert trader.
I would love to reach out to this expert, how do I go about that.
God bless you for the efforts you have put in to explain the complex subject in easy manner. Immense thanks
Wow such finesse!! Wonderful work by the director, animators, editors, script writer and the voice over artist!! Good job 👍🏻
Albert Einstein said that if you can’t explain it to a six year old, you don't understand it yourself.
This is one of the best explanation videos that explained in a way a 6 year old me would understand. Thank you for sharing🙏
Beautiful video in simple English! No geeky BS! No confusing tech jargon. Meant for the common man!
A perfect explanation for BlockChain - A relatively secure and decentralised ledger system of database mgmt. which cuts down on intermediaries (saving time and money) and facilitates convenience.
This was hands down the best explained video about blockchain I've seen.
totally!!
This is the BEST video I've seen yet on blockchain. And I've watched so many up to this point, I've lost count.
I have never understood blockchain better than I understand now after watching this video. Should be in the top search results no doubt. The visuals are wonderful while also being very helpful in bringing understanding to the topic.
I have watched lot of videos regarding blockchain but I couldn't get better explanation than this!!
Me too..
Love this explanation! Brilliantly simple, clear and easy to understand.
A great way of simplifying the technology behind Blockchain. Thank you.
What an amazing video,this is exactly what I need as a motivation to trade Btc/Fx
Determination is highly needed in tradin because only a brave heart is determined to take the risk involved in making great profits.
Shorting the right stock at the right time is a good way to make money
People are ignorant of the profitablity in Bitcoin investment and that's been there major issue limiting there investment
I wanted tradin but I got confused by the fluctuation on price, everything going up and down. Lol
@@edwardsanabria2593
That won't bother you if you trade with a prof company, Been tradin about 4yrs now still on the top of the profit list even with the fluctuation of Btc/Fx
This was the best explanation I've seen online so far.
Best BlockChain video ever.
This video has just taught me what a ton of reading and confusing explanations couldn't. I finally understand the excitement around Blockchain. Thanks!
I have always believed that if I ask some about blockchain- A concept ,they would explain the technology. This is perhaps the only video which explains the concept. Thanks a ton!
This is the explanation that I have liked the most so far. Good job!
I have been watching some videos and I was thinking about investing in bitcoin or forex , but still don't know where to start from, any recommendation or tell me what am doing wrong ?
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts
I have been seeing so many recommendations about Stella Allison on Insta and other platforms trending I think she must be good for people to talk about her
You don't make money on forex or crypto by holding your coins rather you trade to make gains
The best explanation that I've come across! So elegant and simple to grasp!
Super clear and simplified version of such a breakthrough technology !!
Best explanation thank you
*GOOD VIDEO; EVERYONE NEEDS MORE THAN THEIR BASIC SALARY TO BE FINANCIALLY SECURED, THE BEST THING TO DO WITH YOUR MONEY IS TO INVEST, MONEY LEFT IN SAVINGS ALWAYS END UP USED WITH NO RETURNS,*
I totally agree with you, the Crypto market is the most profitable venture I ever invest in
I reached my goal of $500k yearly trade earnings.Setting realistic goals is an essential part of trading.,
most intelligent words I've heard,
Crypto is the new gold,
I'm a huge fan of crypto, I hold some few coins in my wallet.
I just listened to various youtubers attempt to explain blockchain. However they could not resist the urge to pontificate about their personal political views. I found it irritating, self indulgent and unedifying(if there's such a word). Thank you so much for making if plain and concise. Your presentation makes me want to really learn more about it. Thank you so much for your time and effort in putting this together.
One of the Best blockchain videos super Duper Phenomenal Explanation
Cool insight, I appreciate an opportunity to get such knowledge on how to make money, I Iook forward to trading bitcoin and
making it an alternative source of income
BITCOIN IS THE ONLY TRUE DEMOCRACY EVER EXISTS IN THE WORLD
How does this whole Bitcoin stuff work. I'm interested in it. And willing to invest heavily in it. But need guidance so I don't loose out.
I wanted to trade crypto but I got confused by the fluctuation in price
You don't need any one to teach you on how to invest your coins. You can make research on your own and start doing it yourself
You suggested trading on your own without guidance from an expert or professional. Huh I laugh you, because you will remain where you are or make a lot of losses that
would blow your account and loose all your money this has been one of the main problems for new traders. So I suggest you get an expert
This is by far the best explanation of BLOCKCHAIN TECHNOLOGY I've seen... Great video... Keep up the hard work🙂
Ive watched thousands of videos, and it surprises me that this video escaped that list. Truly the best explanation om blockchain tech ever!
very good and informative video. thanks for sharing it.
This was a great video and really explained Blockchain in a way that was easy to understand. I always knew that Blockchain could be huge and of its many uses, but was always hard to understand what it is. This really clears it up for me.
Hey, i wanna win a challenge and i need as much bitcoins/ cash etc as possible, pls support me by chipping in anything u can.. Here’s my wallet address: qrw0ke0ngstauyva4rdwcpjyadxvppszvuf5vjvtvq.. Thank y’all so much😊
@@nasirlamido8464 scam.
Best Blockchain Explanation
Now i can explain to someone in clear terms what i understand about Blockchain technology. Thank you.
Very good will use this in my understanding video thank you
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Same here, My portfolio has been going down the drain while I try trading,l don't know what I do wrong.
I will advice you should stop trading on your own if you keep losing and start trading with Mrs Stacy Griffin kartner trading services
I lost £1200 carelessly trading on a
platform then I was referred to Mrs Stacy Griffin kartner she recovered the loss and made an extra profit of £4600
Wow I'm just shock you mentioned and recommended Expert Mrs Stacy Griffin kartner I thought I'm the only trading with her
You don't need to be shock because I'm also a huge beneficiary of expert Mrs Stacy Griffin kartner
Amazing project with an interesting theme
Best ever explained Blockchain definition so far, thanks
This is one of the best videos I have come across regarding Blockchain! Brilliant!
Tinvested in both stocks and Crypto currency but
see Cryptos is doing more better and profitable
Bitcoin investment is a very lucrative way of
making money online now
Crypto currency is the future
Bitcoin to the moon
I have always got this interest in bitcoin maybe ll
give it a try.
@@elizajoyce8497 With bitcoin trading been favorable and the current
increase in bitcoin as its Investing now won't be a
bad decision to make
Remember some precious metals.
Thank you~ have been watching your channel for couple of weeks ago and it's really make sense and it really help me through
would gladly appreciate if you can introduce us to a better platform where we can earn profits on a daliy bases......BTC/ETH/DOG/,
Doge to the moon and beyond
Thanks you for your update Am long term holding. I love dogecoin
I'm 50% ADA 50% BTC 5 year hold
ADA
The best that there is on Block Chain. Thank you for the simplicity
Finally I understood blockchain technology! Great work!!
Animation is sublime!!! I am super amazed by it!
Are you a tech person
Wow 😯.. Mr. Joshuaof financial education has really made name for himself.
I was watching hundred of videos explain about blockchain. I didn't get the core idea. This video helps me understand. Thank you.
Thanks for watching and commenting, we are always available for questions, guidance and support at any time ᵂ..ᴴ..ᴬ..ᵀ..ˢ..ᴬ..ᴾ..ᴾ
±¹..⁷..¹..²..⁶..²..⁵..⁶..²..⁰..⁷...
One of the best explanation of blockchain
PLEASE I NEED SOMEONE TO HELP ME TRADE OR INVEST THE FOREX OR CRYPTO MARKET BECAUSE I'M TIRED OF TRADING IN LOSSES MYSELF. I'VE BLOWN MY ACCOUNT TWICE AND IT'S FRUSTRATING
I'll recommend Expert Mrs Stephanie to you, she's the best i've seen .she trades my fx account and makes me good profits weekly
Her success story is everywhere
That's great! Congrats.i'm one of her clients too....and I'm a living testimony of Expert Mrs Stephanie she has changed my financial status for the best, all thanks 🥰 to my friend who introduced her to me
I think people talking all this good about her she must be an expert, please how can i get in touch with her?
Anyone looking to invest in forex or crypto market should get in touch with her.
most people think..... investing in crypto is all about buying coin and leave it to rise, common it's takes much analysis to be a successful crypto trader.
I'm making a whole lot of profit off trading stock. at the same time, I'd like to invest in forex and Bitcoin as i heard it's really happening
@Precious James I will advise you to try expert James Lucas fx he trading strategies is really working for me.
I have heard of expert James Lucas I think saw it online, as I was making a research on something.
expert James Lucas fx success story is everywhere.
thanks for all this opportunity when I get home!!!
This one of the best explanation of block chain technology
Excellent, well done, great pace for first time viewers!!
Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current rise
Bitcoin trading right now will be at every wise individuals list. In few minutes you'll be ecstatic with the decision you made today
Bitcoin trading nowadays is a big chance to make money
I wanted to trade crypto but I got confused by the fluctuation in price
@@terigiovanni826 Without the help of Adrian Brayden Caleb I would have still been in abject poverty struggling with life
Adrian caleb has changed my financial status for the best. All thanks to my sister who introduced him to me.
Investing in bitcoin is the best investment anyone can do this year 2021 because bitcoin investment has made a lot of people millionaires
I actually started investing in bitcoin before lockdown now I make profits more than I expected
As a beginner how do I get started
If you are a beginner, I will advice you to get connected to a professional broker like Expert Mrs Mary Allen
I have been an investor with her since 2019
She has been a great mentor and account manager to me
Hi......I was thinking of asking you if you are interested and my bitcoin investment strategy and how you can earn more than 1BTC every week
The simplicity of this idea is mind blowing and absolute genius. Crazy what the human brain comes up with
This is simply awesome.
Easy to understand 👍
The best explanation! This video should have got more views.
Totally agree!
There is an unlimited amount of fiat to buy a finite quantity of Bitcoin. Ths U.S. dollar is backed by nothing and the government can (and does) print as much of it as it wants. Every major bank you can think of has employees on staff working on internal blockchains because they have a fiduciary responsibility to use it; it’s faster, more efficient, reduces costs, reduces staff required to crunch numbers and it is less hackable. Yes, this includes whatever bank you deal with.Fud whatever you want about bitcoin or crypto but aaying blockchain is going away is like saying the internet is going away. Blockchain use will grow exponentially in the next 5 years and be used in finance, charities, voting, construction; badically anything you can think of.
Mark G 100% correct Mark.
Priyanshu Not the best in my opinion, I find this one a lot better: ruclips.net/video/SSo_EIwHSd4/видео.html
This is a terrible explanation of Blockchain. It's the usual dumbed down nonsense of "a computer solves a puzzle and everyone else verifies it". How on earth can anyone actually understand blockchain from this? This is why so many people are piling blindly into cryptos (and the usual "my friend made a million so it must be great"). It's also why we have other comments saying "I don't trust it" and "it's all a scam", if all I knew was what was in this video I'd be sure it was a scam. The reality is fairly straightforward and you do need to understand hashing, there are plenty of great sites and videos out there I am not going to recommend any particular one but please, do your reseacrh before watching stuff like this and then thinking "Great, I've got it, let's put my money into Bitcoin"
GoChain (GO) : Best and Faster Blockchain to Business
yup this is it. Thanks a lot. I was roaming around all the way here and I finally reached this video that easily demonstrates the concept.
Finally understood what blockchain is. Very good video.
Saving your money and investing it into stock market will be the wisest thing to do to ensure success
Totally agree it is by far the easiest to access and does not involve physical labor.
ACCURATELY SPOKEN BITCOIN INVESTMENT ESPECIALLY IS REALLY PROFITABLE NOWADAYS
This could be the wisest word I've heard you got my points
@Michael Dubie How do I get a professional broker I have been wasting my time trading on my own and blowing up my account
Trading alone is almost inevitable that you're not going experience some ups and down along the way trading for yourself
Successful people don't become that way overnight. What most people see at a glance wealth, a great career purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
Assets that can make one successful in life
1. Crypto
2. Stocks
3. Shores
You are right, to be a successful person in life it requires him or her of hard work and brave heart determined to take the risk involved
But I don't know why people remain poor due to ignorance
It's not ignorance but unprofessional broker in the market
Beautiful explanation. This was easier to understand. I personally enjoyed the learning and the explanation indeed! Thank you!
Perfect explanation for someone like me who has no idea about this. Thank you. :)
Investing in crypto right now is one of the most reliable ways to make profits. The high liquidity associated with bitcoin makes it great investment vessel.
Thanks for the video.
Sure, Investing in Bitcoin and crypto currency is the investment anyone can do this season because it has made a lot of people millionaires
@@brucechristopher422 You are right, there is only one reason which will make one invest in
Most people don't invest due to ignorance and bad advice from friends a nd family
People are really making a fortune out of it. In binary trading options and trade, therefore investing in it wouldn't be a big deal nor a bad idea
Most times having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that Forex and Crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
I love this explanation so clear.May Jah bless you.
On Jah bro
David please this thing is it real!?? Abeg
Amazing video, easy to follow up, so informative and to the point, awesome work, all the best!!
great explanation with awesome visuals.
Hello Mrs Maria is legit and her method of works like magic I keep on earning every single week with her new strategy.
Wow, I'm just shock someone mentioned expert Mrs Maria I thought I'm the only one trading with her, she helped me recover what I lost trying to trade my self.
I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert Mrs Maria,
I think she is the best broker I ever seen.
Thanks for introducing me to Mrs Maria,
Mrs Maria has changed my financial status for the best. All thanks to my aunty who introduced her to me .
I've never seen someone as perfect as Mrs Maria, she knows how to analyze trade,and with her strategies she has earn me $16,250 in 18 days of working with her.
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I have been watching some videos and I was thinking about investing, but still don't know where to start from, any recommendation?
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
@@ammayien3239 Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts
@@gabrieljaxon9553 You don't make money on forex or crypto by holding your coins rather you trade to make gains
@@leogabriella2991 I believe your view
This helped a lot with my understanding of blockchain... will definitely be doing more research. Thanks
Very informative and explicit.
Thank you.
Value investing is a fairly simple concept. Executing it, on the other hand, can prove quite difficult for investors. If you're ever feeling intimidated or on the wrong track, it's always a great idea to listen to experienced people. With that in mind,
All intelligent investing is value investing - acquiring more than you are paying for
How do we get paid through online investment platform?
Through what kind of job, is it through online investment?
Yes through online investment investing platform
I get paid directly to my bank account
This is the best explanation video of Blockchain I have seen! Thank you. May I use part of this for my computer science project?
@Jennifer Rissetti It is simple, yeah. But It is really good for just 6 mins presentation. what are you talking about?
One of the best explainations, EVER!
Without a doubt the best informative video I've ever seen. Well done
Bitcoin trading right now will be at every wise individuals' list. In few weeks you'll be ecstatic with the decision you made
today
BITCOIN IS THE ONLY TRUE DEMOCRACY
EVER EXISTS IN THE WORLD
Crypto is the future, trading crypto has
become a lucrative way of making money
Me too I wanted to trade crypto but I got confused by the fluctuation in price. Heard bitcoin mining is more profitable
You don't need any one to teach you on how to invest your coins. You can make research on your own and start doing it yourself
You suggested trading on your own without guidance from an expert or professional. Huh I laugh you, because you will remain where you are or make a lot of losses that would blow your account and loose all your money this has been one of the main problems for new traders. So I suggest you get an expert
For reason 2: Proof of Work to create trust in data,
1) What is the purpose of the cryptographic puzzle?
2) How can one be in the network that verifies the proof-of-work? How are these selected people in this network chosen?
The people who are involved in the transaction . As in if it is a matter of land then court authorities for land verification and income tax department,previous owners etc they will be linked with this system for verification.
Cryptographic puzzle is sort of a payment you make to access the network. In some network you earn bitcoins, in such network you earn proof of work/ verification you require.
This is my own understanding from this video I might be wrong. But this is what I understood. :)
detailed explanation
ruclips.net/video/bBC-nXj3Ng4/видео.html
ravi badola well understood my friend
It is an AMAZING video. Thanks for the wonderful efforts have been done to create this explanation.
Great info...aptly supported by the graphics and direction team...makes this very clear and simple to understand.. !
😅Mrs Lisa is legit and her method works like magic I keep on earning every single week with her new strategy
Wow I' m just shock someone mentioned expert Mrs Lisa I thought I' m the only one trading with her
She helped me recover what I lost trying to trade my self
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Lisa
I think that she is best broker I ever seen
My first investment with Mrs Lisa gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
There is a saying thay money has wings so its best you save it properly, invest it wisely and spend it judiciously. For me investing it wisely is the only profitable option of the theee
And what other way to invest and be sure of returns on your investment is not cryptocurrency and forex which is gradually providing better financial status to its numerous investors.
Invetsing is simply the science of money making more money for you but its important you know that it's one thing to invest and another to invest rightly. Yes it's TRUE many do not have the required knowledge needed to change that fact but one change you can definitely implement at the moment is to choose to start investing rightly.
I do wish I started investing earlier in life. I didn't start investing until my early 30's and while I'm glad to be where I am now, there are certain things that I wish the younger me had known.
Most people who have made money in the markets tend to say the same thing concerning investing which is the earlier you start investing the better off you'll be.
Meanwhile before making any investment decision it's important you take time to assess your financial situation especially if you've never made a financial plan before because the first step to successful investing is personal assessment which involves figuring out your goals and risk tolerance.
thank you, an easy lesson to understand and understand, success for you
Best video i hav seen 4 introducing blokchain 2 beginners