How does a blockchain work – Simply Explained brian cha digital marketing

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What is a blockchain and how do they work? I’ll explain why blockchains are so special in simple and plain English! Get $10 of free Bitcoin: Use my Coinbase affiliate link, and we’ll both get $10 of free Bitcoin when you deposit $100: Social Twitter: Facebook: Blog: Newsletter: (no more than once a month) Sources can be found on my website: ️ Become a Simply Explained member: .

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How does a blockchain work - Simply Explained

How does a blockchain work – Simply Explained

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How does a blockchain work – Simply Explained
brian cha digital marketing
आप यहां बहुत सारी उपयोगी जानकारी देख सकते हैं।: यहाँ और देखें
आप यहां बहुत सारी उपयोगी जानकारी देख सकते हैं।: यहाँ और देखें

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19 comments

Williams Smith 01/03/2022 - 6:45 Chiều

Let's not forget that the biggest payouts in the markets don't come from great performances but rather it's great promotions. Stay invested, diversification for streams of incomes is very important

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Steve P 01/03/2022 - 6:45 Chiều

Russians own and trade this scum currency. Ban it now. It is the currency of tyrants and dictators. Is it only Russians that still own them?

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bara 01/03/2022 - 6:45 Chiều

wow bitcoin was 2009 and now already 2022? time flies so fast

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Irakli Tsurtsumia 01/03/2022 - 6:45 Chiều

Block all crupto by russians

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BILLIONAIRE GH OFFICIAL 01/03/2022 - 6:45 Chiều

Thank you

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Agent 007 01/03/2022 - 6:45 Chiều

Questions
data on a block (transaction) is visible to all blocks on the block chain.
1. So does change or modification of such data change the hash of the host block.?
2. Does modifying data(transaction) in a block require consensus from the rest blocks?
3. After the new block has been accepted into the block chain, does modifying the block (which changes the hash) require consensus?

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MrAhuraMazda187 01/03/2022 - 6:45 Chiều

The problem with this technology is that proving something is so complicated, it's impossible and inefficient to validate it. What do I mean? I understand the utility and security of crypto and blockchain, but Im not so sure of the implementation. For instance: I buy $1000 of Bitcoin. My screen says I have 0.01 of whatever. But how do I know that Im on the blockchain? Yes I have a username on Coinbase, but i dont believe my name is on the blockchain or if there is a blockchain at all? There could be somewhere in the fine print that says "official purchases are ones that have closed" or something that indicates what I see on my screen, that I have $1000 of Bitcoin is actually a placeholder, and not me being on a blockchain at all. Kinda like how banks dont actually have your money. Or that money should be backed by gold etc. I know blockchains are secure, I know my screen says I have $1000 worth. But I dont know anything deeper as far as me being on an actual blockchain or even actually owning the coin or asset altogether. To speed things up, maybe the developer substitutes a legal IOU for the actual crypto? I couldn't prove it if I tried cause i have no clue.

Furthermore, take this issue and expand it to speed of use and broad adoption throughout an economy. Yes its secure, but so would putting giant steel doors on my car. The speed of cutting corners seems too likely to not be true. And I'm not unsophisticated to prove it wrong.

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Christopher Afowowe 01/03/2022 - 6:45 Chiều

I like the simplicity of the explanation.

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Timelessocity 01/03/2022 - 6:45 Chiều

Excellent video, thank you for posting!

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Gururaj BN 01/03/2022 - 6:45 Chiều

Thanks for the lucid explanation. On account of some familiarity, one can understand block chain vis a vis crypto currency. How can it be used for other purposes for which now database are used? For example, government passport data, students’ academic records, or some major portal like Amazon? That would be more meaningful.

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姜易 01/03/2022 - 6:45 Chiều

I like this video so much. If you don't mind, I would like to ask your permission to share this
video to the other website in China for the embarrassing reason that YouTube is blocked from
accessing in China. Of course, I will give sources of the original website. Thank you very much.

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Moh Ben 01/03/2022 - 6:45 Chiều

Great video, if you add more video about blockchain in details Thanks

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William ORourke 01/03/2022 - 6:45 Chiều

Very well done. Thank you for creating this video!

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I am a fatlez who likes ti touch herself on camera 01/03/2022 - 6:45 Chiều

You cannot explain a blockchain simply, because you'l soon find out it has no use at all

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Sundeep Edubilli 01/03/2022 - 6:45 Chiều

Explained in layman's terms..! Thank you..!

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Thai Buttorff 01/03/2022 - 6:45 Chiều

There is no possible way that 2 people have the same keys and can turn them at the same time. Brilliant.

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ahmad IQ 01/03/2022 - 6:45 Chiều

Amazingly explained

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HELL LORD 01/03/2022 - 6:45 Chiều

Best explanation… Ever ❤

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Demitri Peynado 01/03/2022 - 6:45 Chiều

Thank you! I was struggling to understand blockchain, but now I understand clearly in less than six minutes.

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