What is Blockchain? Blockchain Technology Explained Simply

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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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Giới thiệuThúy Navi

Thúy Navi 26 tuổi đam mê du lịch, công nghệ,đang sống và làm việc tại Hà Nội. Founder,Blogger tại Website: http://www.internetviettelnhatrang.com/

34 Bình luận

  1. CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers.
    Stay safe ??????

  2. If all transactions go on the blockchain, is there a point where simply the amount of data is so great, it can't run? If BC was actually used for the trillions of consumer transactions, each pended onto the ledger, does this simply fail after a year, a decade or some time period?

  3. The growth of BTC has created a multi-billion dollar industry that allows individuals to buy or sell the cryptocurrency across a large number of exchanges that several broker states now permit BTC trading as part of their forex trading services. however, investors should know a few simple realities about how bitcoin trading and forex trading actually works.

  4. Question, can Blockchain be manipulated so as to seem decentralized but backdoored by someone who runs a massive network similar to a bot network?
    NVM , I found my answer and just as I thought yes,yes it can . I guess it would be a variation of what's called the 51%. Nothing is infallible

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