Blockchain Technology Simply Explained

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Название	:	Blockchain Technology Simply Explained
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Comment from : RGV DJS

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100 My goal is to become a master of cryptocurrency by Jan 2024, and it starts with blockchain technology
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Comment from : A L

100 Great content 👌
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Comment from : Victoria Jeka

100 - Thank you
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Comment from : Leena Hamunyela

100 Excelent explannation Thank you!
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Super
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100😊
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💯💯💯💯💯💯 💯
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I'm pretty pooped
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Comment from : MOVIE HUB

100 I'm grateful for the content I've found on this channel
Comment from : Huma Phemelo Ditshwene

Secure, transparent, decentralized
Comment from : Yuhang Guo

Keeping it 100
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😷100$
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Comment from : Baggers_Corner

100 this video was very well made thank you it answered quite a few questions for me
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Comment from : JULIAN SMITH

100 <3
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Comment from : attitude 🔥

Amazing video
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Comment from : The Reign

Blockchain technology is a decentralized and transparent digital system that records and verifies transactions across multiple computers or nodes It is most commonly associated with cryptocurrencies like Bitcoin, but its potential applications extend beyond just digital currencies br brAt its core, blockchain technology relies on a network of computers that collectively maintain a shared ledger of transactions This ledger, called the blockchain, is constantly updated with new transactions in a chronological and immutable manner Each transaction is grouped into a "block" and added to the chain of previous blocks, forming a permanent and tamper-resistant record br brOne of the key features of blockchain technology is its ability to provide transparency and security Every transaction recorded on the blockchain is visible to all participants, ensuring that no single entity can manipulate or alter the data without consensus from the network This makes blockchain technology particularly well-suited for applications that require trust, security, and transparency, such as supply chain management, identity verification, and financial transactions br brAdditionally, blockchain technology eliminates the need for central authorities or intermediaries to facilitate transactions Instead, it relies on consensus mechanisms, such as proof of work or proof of stake, to validate and add new blocks to the chain This decentralized nature reduces the risk of a single point of failure and enhances the resilience and fault tolerance of the system br brWhile blockchain technology offers numerous benefits, it also has some limitations Its reliance on consensus mechanisms can introduce scalability issues, as the network needs to reach an agreement on each transaction Moreover, the energy consumption associated with some consensus mechanisms, like proof of work, has raised concerns regarding the environmental impact of blockchain technology br brIn summary, blockchain technology is a decentralized and transparent system that records and verifies transactions Its potential applications extend beyond digital currencies and offer benefits such as increased security, transparency, and elimination of intermediaries However, it is important to weigh its limitations and consider the specific requirements of each use case before implementing blockchain technology brbrFor the more details about the Blockchain: Mobiloitteus
Comment from : Amrita jain

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Comment from : prerana borah

100, thanks for the video!
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Comment from : Leo Esnes

I highly recommend getting on the $CRU train The CRUST network, is a decentralized network of storage that allows an individual to contribute as a storage provider and receive the reward It's a win-win in many aspects as it will also provide a user-oriented storage service
Comment from : Tejiri Owumi

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Comment from : Toni Marro

100 of course
Comment from : AMIN MUSAH

Such an amazing, high quality video
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Comment from : Bharat

75❤
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if u here from They cloned tyrone your elite 🦅💯
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Comment from : Wayne Leonardo

Yey to making banks irrelevant :D
Comment from : CliffJumpingProd

Thankyou!
Comment from : ruhani jain

very clear explaination😊
Comment from : FARMER

❤❤❤❤❤❤🎉🎉🎉🎉🎉😊😊😊😊😊 i love this
Comment from : Prince E

100 Thanks for the info!
Comment from : Daven Davis

Great channel
Comment from : Monica Jacques

Remember pretty soon mark of the beast no purchase no selling and this is how it will happen 😢
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Comment from : Brian Paul

Very good
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Comment from : Aerodynamic Jackal

simplifies silent surveillance
Comment from : Carmel Brain

100 I want to know more…
Comment from : Robert Porter Sr

Great video data received 100
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Comment from : maria david

With AI 🤖 what are we now letting Pandora's box out! There will be no putting it back 💯😮😢🎉🤖🤖🤖🤖👺👹👽👽😈👿🖥️💻🖥️💻🖲️📱📱
Comment from : Betty Schneider

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Comment from : Jeremy Moyers

100 !! brbrAwesome info!
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Comment from : Sofia Jordin

Crypto currencies are a scam Keep your dollars!
Comment from : Damocles

A perfect way for the government to track every transaction of their citizens
Comment from : perry lc

I learned a lot except this 'mining' thing I heard the word passing by but not explained sufficiently
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Comment from : Durham GRIGG

100 percent
Comment from : Winter Rain

It's so sad, as the computer are advancing the humans are falling! What a pity with all of you!
Comment from : Eric Plattner

I am Mr X i have transcended such rudimentary concepts like digital communication when the universe was half its present size I use mental telepathy now because my conscience has evolved significantly in the last 1000years
Comment from : Travis Cotter