How does a blockchain work – Simply Explained
What is a blockchain and how do they work? I’ll explain why blockchains are so special in simple and plain English!
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Basically like the computer version of genetics
No better explanation than this !
You are just awesome! Trust me!
My word…Thank you for such a great illustration of what & how it works. 🙏🏻
Have you tried the ☝️mentioned cantact he is the best.
“Almost impossible.” — Famous Last Words of a Fool
Imagine the energy needed to sustain a popular blockchain.
So then, why doesn't America use the blockchain in elections?
They could not tamper with the votes this way.
love this…im looking forward to 2022 to see how blockchain tokens like sparkle coin will do
Let's say, with block chain A>B>C>D, you tamper with block B. How would that affect all following blocks, or even just block D? Wouldn't tampering with B's hash only affect B's hash and C's previous hash?
This begs the question:if all blocks are connected,wouldnt it be easier to acces all the information if you get one hash?
What's the data that is stored in blocks? i am confused
Sorry but my knowledge of ths topic did not improve. Please explain what block , hash means also.
Can a super computer cheat this blockchain?
Very clear explanation👍🏼🙏
I'm interestion in knowing more about the use of blockchain to collect taxes
Wow… You made understand very well.
why does this shit have to be so hard to understand
It works just like a digital ponzi scheme.
What is a block exactly?
Prove of work (i.e. proof of waste) can safely be replaced with proof of stake. Faster and basically no elcetric bill. Shame that Bitcoin doesnt use that yet.
why don't you explain it to me like I'm 5.
Blockchain logic is RACIST !
Now to find a discussion of the problems of block chain——-exponential storage energy and resources?
Doesn't this mean that the chain gets longer and longer meaning that eventually it will be too big to calculate?
I wonder how many of the viewers got rich after 4 years
Wasnt it supposed to be simple??
So a block would be 1 coin?
Just wanted to say I'm citing your video in a paper I'm writing for my health information systems class. My professor also showed your video in class one day a month or two after I had found it. Needless to say, this video has been quite helpful for explaining blockchain in a way which is easy to understand lol. Thanks!
At 4:08 it says "when someone creates a new block". Can anyone please answer why someone would want to create a new block? What purpose will that block server?
one of best explanation i have ever seen. thanks for making it so simple.
This was very good, but left me with a couple questions. How is mining done, I think I understand that it is the act of processing these transactions and generating the proof of work, but then somehow a bitcoin gets created and given to you for your "work" but at some point there will be no more bitcoins available, so why would anyone do the work of processing the proof of work anymore, and how would the ledger stay current?
So it's kinda like a linked list. Great video!
@… Blockchain = a virtualized handshake … wow !!! 😀 … dencentralized … wow!!! 😀 …. everything you need preventing eyecontact with Hitler … for one eyecontact at least 1000 Watts … and then your toilet also can send message about the color of your shit
thankyou very much 😄
Bitcoin will be zer0 by 2023
TL;DR “ Block chain is a chain of blocks”
Intresting how these conversations were being had and most had no idea of it.
Now this tech has become so wildly mainstream that most (me lol) are playing catch-up trying to better understand this all.
Thank you for the amazing video!
This video is so amazing!!. But I have to add one more sentence. It is unbelievable that you can provide such a complex technology in 5 minutes like a pill!
Thank you for giving me information about blockchain. Theoretically, it looks so secure and wonderful, because it can assure that exchange can't never be changed. Hopefully, blockchain, which is such a great tool, will become a main component of any monetary system in the world.
May I know is blockchain included in data science?
I’m still confused how making each block ten minutes stops tampering
Simply and clearly explained, great content