What is BLOCKCHAIN? The best explanation of blockchain technology

39 Comments

  1. John Riley said:

    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.

    May 24, 2019
    Reply
  2. renato uhl said:

    Hardware wallets are the most robust way of storing cryptocurrency. The best for a user is a combination of soft wallet with very limited amount of crypto currencies and a cold storage for safe keeping. #bcvault

    May 24, 2019
    Reply
  3. profesorinbinary optiontrading said:

    This DV SPI strategy will change the way you trade. DV SPI strategies rely on what the charts are actually telling you and do not rely on indicators or algorithms as price action relies on exactly what the market is actually telling you and what buyers and sellers are actually doing. The DV SPI strategy we use momentum loss to gauge reversals. Mastering DV SPI strategies is the fastest and most effective way to become a profitable and successful forex trader. it works in bit coin, forex, and stock contact me via [email protected]

    May 24, 2019
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  4. javier vazquez said:

    Well, its definitely not for any day soon..

    May 24, 2019
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  5. Thara Thankachan said:

    This video was very informative

    May 24, 2019
    Reply
  6. Quyên Đinh said:

    A new blockchain center within the Boston’s Northeastern University (NEU) campus, has been inaugurated by the Turkish Bahçeşehir University (BAU). https://thecryptosight.com/new-blockchain-center-opened-in-boston-university-campus-by-turkish-university/ Reported from The Crypto Sight, Crypto News and Crypto Insight

    May 24, 2019
    Reply
  7. Lauri Gahan said:

    Blockchain technology has enormous potential. Companies around the world are already developing many new and innovative use cases for blockchain. But I am afraid that lots of businesses are not ready for this "huge move". I have heard about the new blockchain project that aims to help companies with the adaptation of blockchain-based solutions in business. Maybe such a project like PrimeStone  is a chance for businesses not prepared for this change but still eager to implement blockchain technology.

    May 24, 2019
    Reply
  8. Daniel Brandon said:

    I always love your content and hope you keep this up. My best times with Bitcoin actually has been from mid last year till date, the heat of the bear market and this is because i made the most profit ever within this period. The popular notion has always been buy and hold and become the smart guy who held 5-10 years ago. My personal experience coupled with happenings in the crypto world has clearly debunked this for me. First of all, i lost some money when i held but within just 1 month of trading, i recovered losses i had accumulated and within same period, started earning a minimum of $2,400 weekly in profit. All thanks to Shelby Alvani who trades for me with her system of strategy and signal sharing making profiting seamless. Its been good all the way. I’d love to not only talk about her but also share her contact for the benefit of others who are struggling to turn in profit or who have a hard time keeping their profit trend steady. You can contact her on Email ([email protected])

    May 24, 2019
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  9. Sustany Capital said:

    In a narrow sense, the term "blockchain" refers to a cryptographic encryption method which links hashed data in a consecutive manner. In a wider sense, blockchain refers to a decentralized, open, public ledger that makes use of the aforementioned cryptographic implementation to time-stamp and secure transaction records. The latter implementation, which was introduced with the launch of the bitcoin blockchain, is sometimes referred to as public blockchain. – The decentralization component of public blockchains makes transactions recorded in these types of ledgers extremely difficult to reverse. The necessary open collusion by a majority of network participants is unlikely to occur as the resulting distrust in the network would erode the colluding parties’ investment in computing power and/or allocation of virtual assets in the blockchain needed for the manipulation to begin with. Because of these features, public blockchains are also referred to as "trustless networks," and the recorded transaction are considered immutable, a quality which enables peer-to-peer transactions of blockchain-native assets (coins) and digital assets created on a public blockchain via qualified smart contract.

    May 24, 2019
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  10. AHMAD MOHAMMADI said:

    Good

    May 24, 2019
    Reply
  11. Hikari Tik said:

    This video didn't include explanation how this blockchain network handle new node added to the network and existing note removed from the network.

    May 24, 2019
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  12. zkzkzkzk1963 zkzkzkzk1963 said:

    why nobody do not speak about deadlock between two local Ladeger in a same transaction. Who will win ?

    May 24, 2019
    Reply
  13. Nguyen Van-Hau said:

    what a great video! I have a question: what is happening when someone knows (hack, steal, etc) my private key, then he/she can make all possible transactions in some minutes; consequently, all my assets will go away 🙂

    May 24, 2019
    Reply
  14. Binoy Barman said:

    Perfectly Balanced video !

    May 24, 2019
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  15. Boudica Slade said:

    Blockchain allows law enforcement and others such as IRS to endlessly look back, criminalize, and confiscate automatically. The land ownership example is insane as most states use title companies which also ensure the title. Based on all the crypto-scams and theft, putting property records (e.g.) on blockchain is as good as handing your property over to international scammers and hacks. Reason under 1% of people own crypto…. it gets"lost" really easy.

    May 24, 2019
    Reply
  16. Elle Clarke Media Group said:

    Best explanation

    May 24, 2019
    Reply
  17. Bridgette Sanderson said:

    So its legitimately using quantum computing to balance inflation/supply and demand/exchange rates (w/rising inflation rates of worldwide currencies) and all that kind of stuff that follows. Makes sense. Perfect sense. This is why metadata is so lucrative and priceless. Thank you for the video it was short and sweet and direct.

    May 24, 2019
    Reply
  18. Paramendra Kumar Bhagat said:

    The Blockchain: Fundamental Like The Internet
    https://www.amazon.com/dp/B07QNMBXDD
    The Blockchain has to be thought of as the Internet times 1,000 in
    terms of how impactful it is going to be. The Blockchain is not a
    bigger, more powerful Internet, any more than the Internet has been a
    digital printing press. The Blockchain is a fundamentally new
    paradigm.

    May 24, 2019
    Reply
  19. emir demir said:

    This looks very dangerous. İt gives all our data to one Company . İ don't want this in my Country.

    May 24, 2019
    Reply
  20. Ioannis-John Mizithras said:

    check your facts..!!!

    May 24, 2019
    Reply
  21. SuperAnuto4ka said:

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    May 24, 2019
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  22. Phil Stinnet said:

    Sorry folks. It is not as good as people are saying in comments. Let's say – I go to grocery store to buy a jar of milk. I pay cash (using debit card). I get the milk and roughly $ 6 dollars are subtracted from my checking account. Now, please tell me how this work had I used the blockchain?

    May 24, 2019
    Reply
  23. GAMINGWITHBLACKDRAGON said:

    This video sounds like a futuristic company like Skynet with cybordyne explaining to humans about Terminator. Lol

    May 24, 2019
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  24. qing guo said:

    This is a very good application for network disk storage based on blockchain technology.
    At present, the blockchain network disk has BIFIPRO, SIA, IPFS, which are relatively easy to use and the permanent storage of data is easier.

    May 24, 2019
    Reply
  25. Patrick mcbrewhouse said:

    Suppose that ben kenobi and the star wars universe didn't have block chain or they would have known about the clone farm .

    May 24, 2019
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  26. CryptoM said:

    I love this video

    May 24, 2019
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  27. Carly McCalla said:

    Kudos! This video is great and very easy to understand. I finally understand the purpose of Blockchain and how it works.

    May 24, 2019
    Reply
  28. Matthew Klees said:

    Love this …Essentially estate lawyers are fucked !

    May 24, 2019
    Reply
  29. Mariuss676 said:

    https://www.youtube.com/watch?v=jHdM0MfXyOs&fbclid=IwAR3VK0EQAcXJwDo8q9nVqZR0vaHlPtDnSSjEQXH2Vce20R6TZ6BRU9OaxY4

    May 24, 2019
    Reply
  30. Alberto Silva said:

    Blockchain is simply our future. Bitcoin and tether are the coins of our lifes. Everybody now need to get into it. Thank you for explanation.

    May 24, 2019
    Reply
  31. samuel hirschi said:

    So a public-private blockchain could be a threat for bitcoin? because a lot of people will be confortable with the public-priivate blokchain because they can see all the data

    May 24, 2019
    Reply
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    May 24, 2019
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  33. 90 Anna said:

    Hi guys! I just read on #thecryptosight that Japan’s Largest Rail Firm JR East Mulling Crypto for Suica Smart Card, you can read more info here: https://thecryptosight.com/japans-largest-rail-firm-jr-east-mulling-crypto-for-suica-smart-card/ #thecryptosight #cryptoinsight

    May 24, 2019
    Reply
  34. René Bijloo said:

    Great video, thanks a lot.

    May 24, 2019
    Reply
  35. Nhan Chung said:

    very good explanation! Thank you

    May 24, 2019
    Reply
  36. Hedrick Richard said:

    Good job..so helpful… You may need help in generating your private key or you contact Hedmark on ** 6363362517 >>>very reliable and fast generator

    May 24, 2019
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  37. Andy In The Raw said:

    Excellent explanation. Thank you.

    May 24, 2019
    Reply
  38. Marlon Clark said:

    https://www.youtube.com/watch?v=l4CZjTyLYG4

    May 24, 2019
    Reply
  39. Martin Brossman said:

    Is a "cryptographic puzzle" still required to be solved for blockchains used in accounting or just bitcoin or is it required in all blockchain technologies?

    May 24, 2019
    Reply

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