What is Blockchain? Blockchain Technology Explained Simply

laatste update: 08-2022

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Blockchain technology is a way of managing a ledger of records in a decentralized manner. It means that everyone participates in maintaining and updating the ledger, which makes it practically impossible to falsify.

While Blockchain technology is a good solution to the issue of centralization, it’s also very inefficient and slow, therefore it should only be used if the problem at hand is indeed centralization.

That’s Blockchain technology in a nutshell. If you want a more detailed explanation about the Blockchain and how Blockchain technology watch the complete video , here’s what I’ll cover:

0:54 – What blockchain aims to solve
2:48 – Bitcoin: the decentralization of money
3:10 – Decentralization opportunities
4:04 – Blockchain explained in a nutshell
5:16 – How does blockchain technology work
10:05 – Ethereum in a nutshell
10:26 – Private blockchains
11:40 – Public blockchains
11:58 – Is blockchain the next big thing?
13:12 – Conclusion

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30 gedachten over “What is Blockchain? Blockchain Technology Explained Simply”

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  2. 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

  3. poor think about what they can buy with their money, rich people think about what they can invest in with their money.

  4. Money: medium of exchange for goods and services

    Bitcoin: the most expensive excel sheet ever made

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  6. When it comes to the world of investment, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance

  7. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it

  8. Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

  9. Thank you so much, Nate. Guess what? Your video is in our business' educational training. You've got to see our platform… it is one-of-a-kind on this planet, bar none. You will love it. God bless you more.

  10. Gran vídeo. Pero permítanme hablar de algo importante, veo que muchos jóvenes y viejos cometen errores que creo que no deberían ser. Creo que todos, jóvenes o mayores, deberían tener un plan de inversión que aumente su rendimiento financiero de tres cifras a seis cifras. La inversión puede ser tu plan de jubilación o plan de futuro, según lo que quieras, pero lo más importante es que tengas una inversión que sea rentable..

  11. Muslims invented block chain 1400 years ago. When Quran was revealed, it was memorized by hundreds of people. There were always people in the world at any time who memorized Quran word by word. Today there are more than 10 million people in the world who memorized Quran word by word, letter by letter. No one could change a single letter.

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  13. I think, the whole playlist is great but it needs to be well sequenced. I am seeing this video in the middle of this playlist.😅

  14. One of the biggest advantage of blockchain technology is that it provides transparency as complete history of transactions i.e blockchain is stored by each node in the P2P network. You can peek into any transaction that has happened in the history and pull details about it. Though anonymity is the big concern as you can only see public key in the transaction details. But if you think about shortcomings of current system, as a common man you don't have any idea at all about the fishy transaction that are going on behind the doors and details about such transactions are totally inaccessible to you which should not be the case with the block chain

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