When I hear Block Chain, I think of poor children living in rural areas next to electric power lines and these power lines are causing these kids to get Leukemia.
Great video, clear, precise and instructive. I'd like to add a translation for Portuguese (Brazilian), so I can show it to my Information System students. Is it possible?
what is a blockchain? each transaction needs a calculated hash, and the calculation includes information from the previous transaction. That's it. It doesn't have to be distributed. And if you talk about financial transations, you NEED the middle man - in order to comply with Anti MoneyLaundering laws, prevent (and not encourage) human traficking. So some concepts are being conflated here. The distributed part and the 'not needing a middle man' part, and the 'reliability' (although you CAN change a transaction in between, if you re-calculate the hashes of each of the following transactions). And they're not really related. Yes you can make a blockchain. No you can't skip the middle man if you want to do transactions LEGALLY and responsibly. Yes you can still cheat if you have enough CPU's.
Since data is stored in blocks, which are stored in a decentralized manner. What if computer storing one block goes down? Wouldn't data record be missing data if that happens?
All computers on the network store all blocks from the first to the last at any time. Decentralization here means that there is no intermediary who has all the information alone, i.e. all blocks, all computers on the network own it. So if one goes down nothing is lost.
Who are here after anudeep recommendation ?
We bro
Me
😀
😄
@@ayushisingh1750 to y
Who made this video? Really impressed by the animation.
Best video for the blockchain explanation
I rate this channel better than Vox, yet for some reason it's not nearly as big...
Blockchain Technology and Use Case very well explained in the most simplistic manner 🙂
Awesome explanation!
When I hear Block Chain, I think of poor children living in rural areas next to electric power lines and these power lines are causing these kids to get Leukemia.
Recommended this to everyone!
Everyone can watch Everyone 😂 now there's alot of SMARTER PEOPLE than the smart ppl everything depends who you watching in the game.
Great video, clear, precise and instructive. I'd like to add a translation for Portuguese (Brazilian), so I can show it to my Information System students. Is it possible?
Can we use this video ?
Very clever technology. Really like it.
what is a blockchain? each transaction needs a calculated hash, and the calculation includes information from the previous transaction. That's it. It doesn't have to be distributed. And if you talk about financial transations, you NEED the middle man - in order to comply with Anti MoneyLaundering laws, prevent (and not encourage) human traficking. So some concepts are being conflated here. The distributed part and the 'not needing a middle man' part, and the 'reliability' (although you CAN change a transaction in between, if you re-calculate the hashes of each of the following transactions). And they're not really related. Yes you can make a blockchain. No you can't skip the middle man if you want to do transactions LEGALLY and responsibly. Yes you can still cheat if you have enough CPU's.
Is Andrew really CONNOR MCGREGOR?
Добавьте пожалуйста перевод на русский , очень хочу знать что там говорят
Good vídeo, greetings :)
Great video, great explanation!
Well explained and very informative....future of storing data is here!!
Thank you very much for this 😊
sweet sweet voice
great information, Ty
Awesome vid
Since data is stored in blocks, which are stored in a decentralized manner. What if computer storing one block goes down? Wouldn't data record be missing data if that happens?
All computers on the network store all blocks from the first to the last at any time. Decentralization here means that there is no intermediary who has all the information alone, i.e. all blocks, all computers on the network own it. So if one goes down nothing is lost.