How does a blockchain work - Simply Explained
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- เผยแพร่เมื่อ 15 พ.ค. 2024
- 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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#blockchain #simplyexplained #cryptocurrency #bitcoin - วิทยาศาสตร์และเทคโนโลยี
If you cannot explain something simple enough for everyone to understand, then you have not understood it well enough. Great video.
This may not be true. Realativity theory , whoever explained , it is very difficult to grasp on.
@@virjeeva so have you understood everything?
Disagree
Einstein's quote, I see :)
That's stupid
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Dude you've explained this so well! I've search many sources before and couldn't grasp the concept. You used visual guides excellently as well! I only understand now thanks to you!
I googled and went through almost all the websites but you were the best. Rest all made it impossible for me to present a poster in my university. I almost thought to give up. Thanks for this. I promise to give the perfect presentation on the D-Day...! THANK YOU so much SAVJEE
Great video, thank you for breaking down this complex concept into a simple and understandable explanation. May God bless you man🙏❤️.
Amazing explanation in proper layman terms. Finally I have got a rough idea about blockchain .
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Simple and brief! Excellent work! Thank you!
Thank you for this video! The visuals are very effective and the script is simple enough for a beginner to understand without feeling condescending.
Holy crap, I actually understand Blockchain after like 10 years of not knowing wtf everyone was talking about. Thank you so much for your video
This is the best explanation on blockchain.
Watched ton of videos, got some idea but not much clarity as your video.
Simple and straightforward explanation!!
You got a new subscriber.
Great job!!
After watching 7 or 8 other videos, I am glad to have found this one. Great job explaining this in an easy way!
Hello 👋
Finally, after tons of videos I got it. Thank you!
Johannes Pales ll
same here hah
He did a great job making it plain and simple
Once you understand it another world opens
haha I still have a few more to go
Success is about focusing Your energy on what creates results and using what you already know
Assets that can make you rich!
But I don't know why people remain poor due ignorance
@@kylehenderson1243 It's not ignorance but unprofessional broker in the market
Investing in crypto currency now is the best thing to do especially with the current rise in the market
So investing in it wouldn’t be a Bad idea
Thank you for breaking it down and adding the visual aid! Really appreciate it
Wow, it took me like 10 years before I decided to look into what Blockchain actually means. Not as complicated as I imagined.
I don’t know why I still find it complicated
@@motivateyourself6441 it's fine, we all got different ways to think. Just watch another video about it and you'll get it
@@motivateyourself6441 The intention of the blockchain is basically to create encryption for all digitalized information that exist in every records of mankind. Cloud storage for everything that digitally exist. And those records without digital records can be provided by digital representation like a QR code but blockchain uses Hash instead.
Hash is basically a mathematical formula that is almost impossible to reverse. For context, addition can be reversed by subtraction, multiplication with division, quadratic equation with quadratic formula. The level of complication in the Hash formula is too complex to find a solution for reversibility. This resulted to Hash formula to be the most complex mathematical formula ever developed.
This may remove multiple variety of encryption of similar items in the internet which more often that not, prevents a smooth and safe transaction due to repetitive encryption and decryption of weaker encryption formula. This does not however stop others from creating another encryption on top of the Hash. And that is a good thing, since if ever by some miracle that someone manage to figure out a Hash solution, then all content of blockchain will be the biggest gold mine to ever exist in the history of mankind.
TL:DR
Block chain is meant to create security for items/events/transactions that can be put in public. Preventing theft, promoting public integrity, ease of access. But some information that needs privacy can still be put in blockchain by way of applying another encryption on top of Hash.
@@ezekieldominiquintal7556 theres money to be made in this space for the average person for sure. just got to get creative
@@aw7614 definitely. I'm pretty new in game development and I've been studying this concept.
There are games wherein some items that you found/trained/created can be sold in the game's blackmarket as an NFT. These NFTs can be used on different games that implements those particular items.
Basically, an item developer can work with other game developers to implement the same NFT in their games. Now, that NFT will be useable whichever games that uses it.
Example: If a shiny pickachu is an NFT, it can be sold in the blackmarket providing profits for both the player and the developers (maybe as a service fee). When it is transferred in a different game, the item's implementation can be different from its origin. Which means, a shiny pikachu may not necessarily be a pokemon in other games but a card, a potion, or a weapon.
NFT (Non-fungible token) - an item inside blockchain.
A brilliant video, beautifully explained for beginners. Well done!
I'm impressed. Very easy to understand and well written. Thank you!!
Probably the best and easiest to follow explanation of blockchain technology I’ve found on TH-cam. Just subscribed!
"Blockchain is a chain of blocks" Oh, now I understand!
Seriously though, this video was great and really helped me understand better. Now time for the smart contracts video!
I watched a number of videos on BlockChain,I barely understood until found yours!
It is a short,simple,articulate and informative video.
From Tanzania in East Africa,Thank you so much
hello now are you doing
love you my man, I had the concept, but this really hits home the reasons and security behind blockchain. you nailed it
This is by far the best blockchain "for dummies" video on youtube.
None of that confusing Alice sends Bob $, Bob sends Joe $, confusion.
If you can understand what blockchain technology is on a fundamental level, the rest of it all fills itself in intuitively.
Best video EVER! Very clear, concise and easy to follow. This answered a ton of my questions.
Now i realised "inception" is a simple movie.
*Now I realize 'Inception' is a "simple" movie
Lol man 😂😂✌️😄🤣 lmao u got mah point
Haha haha that is what I thinking
HHahaha
odlicno objasnjeno-svaki put nesto novo saznam i naucim.
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!
Imagine making a video on a complex subject so good that students and professors alike appreciate it for their work
Do you have any idea what kind of future you are working/studying to create? Probably not. Sad.
Are a crypto currency trader
Wow! I've been researching about this for a time and this video is the clearest explanation I've come across. Thanks so much for making this. I'll definitely check out your other stuff.
Hello
Seriously great video man. I've read like 3 articles and left confused each time. Your video really glued it all together. Block Chain is exciting.
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You do an amazing job explaining things! I’ve fallen into a hole with four videos because it’s so easily understood. Awesome job!
a poop fart
Who's here wit me in 2021, beginning or furthering their crypto currency education?
Are we too late?
@@ronneldeleonbul2nddeo350 no it’s just the Beginning
Me! 🙋🏻♀️
@@ronneldeleonbul2nddeo350 We are just getting started!
@@rosiecollins4099Glad I am not alone haha
The best video on youtube explaining blockchain. Great effort.
This video provides a simplified explanation of how blockchain technology operates, breaking down complex concepts into easy-to-understand terms. It offers a clear overview of the underlying mechanisms that make blockchain secure and decentralized. Whether you're new to blockchain or looking to deepen your understanding, this video is an excellent resource.
Agreed 1000% I have watched this video many times and I will continue until it becomes second nature. Thanks man!
Thanks man, as someone with no experience in programming, this made me understood what it's about.
Are you trading bitcoin?
Oh uh got it na....toh plz explain this in 2lines.....
Cz I m still confused
@@nidhisahay1122
You (a "node") have a file of transactions on your computer (a "ledger"). Two government accountants (let's call them "miners") have the same file on theirs (so it’s "distributed"). When you make any transaction, your computer sends an e-mail to each accountant to inform them.
Each accountant rushes to be the first to check whether you can afford it (and be paid their salary "Bitcoins"). The first to check and validate hits “REPLY ALL”, attaching their logic for verifying the transaction ("proof of work"). If the other accountant agrees, everyone updates their file…
This concept is enabled by "Blockchain" technology.
@@tanmayja1n wow now I got it
Thank you 😊 I tried really hard to understand it through notes but all the ways I found were confusing.....
Finally easy explanation.....n really helpful
@@nidhisahay1122 Glad it could help.
The way you explained is amazing. Thank you so much it feels like soon i will become blockchain expect if start implementing block chain from your videos. God bless you great work
Great explanation. Clear, succinct and accurate.
watched about dozen of videos on this and this one is the only one that is actually explains it. great job.
perfectly and simply explained, thank you!
At last, an understandable explanation of blockchain with clear, simple and yet informative illustrations and commentary. Thank you
This is not understandable to me at all!
I liked it too, the way it present it is clear and simple
Please explain proof of work
@@amanuelermiaserbo913
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it's just fake.. scam..
Thank you! ❤️ You explained well.
Thank you for the great video! Super easy to comprehend and the graphics were visually nice to see.
Simple , useful , and clear . Thank you
This is a terrific video, I finally have a base understanding of what the block chain is, thanks!
Dude now it is your time to understand the Arbimoon, and do some research because what I have seen regarding it is really gonna worthy
Are a crypto currency trader
Simple and Clear. This 5 minutes video helped me more than reading a blockchain related book. Thank you so much.
one of best explanation i have ever seen. thanks for making it so simple.
5 minutes of my time made me understood everythings with this video. Thanks you very much :)
Best explanation I found on the internet!! Love this video!
Seriously, very helpful. Thankyou!
Thank you for this video, so much clearer than the others. Very nice.
Never understood blockchain until I found this video! Thank you!
Well. That's 69 of us now ....noice .
Hello
Hello 👋
I'm new to all this crypto, feels overwhelming but I won't give up on learning this. Thanks for you clear explanation from the very beginning!
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Dude you did it.
The perfect blockchain explanation.
Excellent work.
Hi Savjee
You just made my understanding of something complex easier and now i can talk about ''The blockchain''.
Great explanation.
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Very good explanation sir! Appreciate the high level overview that makes me understand a very complicated process.
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This was the first video I watched on Blockchain. And I keep coming to it again and again to show it to anyone who asks me what is blockchain.
In the entire google and TH-cam, this is the best and simple explanation I have got
Thanks a lot
Thanks man. It is a great video, nice use of graphics too. And links in the description were also very helpful.👌👍
very well explained thank you ! 😊 some more concepts about smart contracts live platform as cryptokitties please!
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Thank you so much, best video explanation ever. Keep up the good work!
Congratulations, simplicity at its best, I have read articles about it that failed to mention some of the points you mentioned in your video. Looking fwd to continue learning from you. Great job!
Are a crypto currency trader
It's really amazing !! Great work 👏
I m currently working as an intern in Ednerds and want to know abt blockchain technology and this video has really helped me !!
Good job man and thank you.
the best vid i watched on yt. u explained it vv.v.v.v.v. better and eaier in a short time. thanks a bunch
Great explanation. Thank you for this.
Very well exolained, thank you!
Really nicely explained, good job there! This is the start of an amazing technology.
Are a crypto currency trader
Simple and claire, thank's 👍
Nice and simple. I've been looking all over to understand this.
So clear!!!! I loved it!!!
You lost me at the block
Edit: jk I'm an early adopter
Watch it a few times, you'll get it. I too watched it a couple of times to get a hold of the concept.
Hahahahahaha
I can help you with the right informations.. and make you understand everything you need to know
@@SomethingSomewhereJustOnce so do you know everything you need to know right now?.. i can give you some guide if you want
@@blissbrown8626 can you send me a pm about the block chain technology, and especially a explanation would be great, thanks
Definitely the best video in TH-cam related to the topic. Thank you!
An excellent explanation. Loved your efforts.
I honestly can't imagine why anyone would dislike this, this is very clear and very helpful. You just got a new subscriber and a like, thank you very much!!
Thank you for making it simple to understand
This is the most simplest, most understood video. Great work
Absolutely the best easily understood blockchain video I've ever seen. Well done.
Are a crypto currency trader
Great video. Straight to the point and clear. Thank you
Are a crypto currency trader
Savjee! Thank you. You are very easy to follow and superbly illustrated. Kindly keep doing more. Best Regards
Are a crypto currency trader
🙏🙏🙏 thanks for breaking down this in a verre simple way.
simple explanation and very understandable ! loveyu bro
Well explained! Thank you!
Wow... super video..very informative and useful one. Great job
Are you in?
Wow… Great clear and concise explanation!
Quite helpful, thanks. Most articles about blockchain don't seem to understand it themselves.
very helpful, thanks for making this video
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You deserve my comment!
Best explanation.
Thank you for the short video that explains blockchain in a succinct manner.
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!
Finally, after a whole day, I got it by watching your video. Thank you!
Thank you for saving my presentation!
fantastic breakdown and really well explained.
Thank you! I was struggling to understand blockchain, but now I understand clearly in less than six minutes.
*This shit makes no sense. Quit fucking trolling.*
You saved me for my AP project because this explained everything i needed
I wish discovered this video years yearlier, at last I understood how it works.
I can help you out
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@@tylorwinner666 can you help me out please? my uncle told me to do research on block chain as he said it’s the way to the future, this is my first video i’m going to watch more as i don’t understand but i want to learn about this and profit off it. anyway i can contact you by the way if you do help me i have zero knowledge so i may be a bit dumb. i’d say i have a average iq
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Explained Well! Thank you!
Thanks for sharing this video really helpful to understand blockchain.
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