What is a Blockchain? (Animated + Examples)
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- เผยแพร่เมื่อ 25 เม.ย. 2021
- In this video, we are going to explain what a blockchain is in very basic terms using simple examples and analogies. A Blockchain is a record of data that is stored on a network using cryptographic hashes.
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With the halving fast approaching and the approval of Bitcoin ETFs, so many think bitcoin will exceed ($100k). I don't want to miss out on this chance. I want to invest my “$210k” savings now, but I'm worried if it's too late to make the most profit.
My consultant says some People are going to start selling before the halving thinking the price will go down. It will go down but the whales and ETF's will eat it all up and then the rocket ship takes off.
The best course of action if you lack market knowledge is to ask a consultant or coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Could you mention your consultant? I'll be happy to use some help.
Sonya lee Mitchell is the licensed manager I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
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I came here to learn how to trade after listening to this video I'm still confused, I'm a newbie and I'm open to ideas.
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@Pacome Ali How reliable and efficient are her services? know this question may seem out of place, but this is what I look for in a portfolio manager or broker.
Interesting, old but it is golden. But that doesn't change the fact that people still do not understand cryptocurrency and the importance of having an expert
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I want to invest roughly $70,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stock?
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Assets that can make you rich
*FX
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@@GideonMitchell17You're right but a lot of people remain poor due to ignorance
This is the best crypto channel on TH-cam. I have been learning a lot from your videos. Thank you!
This guy puts in a lot of effort. Appreciated
Animation techniques and explanation of concepts: two excellent tools for a enriching access to knowledge. Thanks.
what tool is used to make the animation?
100% Agree!
Easy to understand, like your explanation very much!
wish i found this channel way earlier. excellent work!! thank you!
Hey Theodore , this is some brilliant stuff that you're doing. But I've watched you're videos randomly based on YT recommendations and then realised it will be so helpful of you could put a video explaining what all videos you have uploaded to this point and a sort of a navigational categorisation of what order to watch the videos in so that we can frame a better understanding. These concepts are so overwhelming and you make it so easy to grasp
Thanks much
I normally do not comment but this channel is amazing. Keep it up, you are doing a great job
thanks, nicely explained buddy
your video is so easy to follow. Thanks a lot!
This is the best explanation have gotten about blockchain in my life
Amazing video it explained the blockchain really good and didn't leave out anything. thx!
Great, simple yet detailed explanations. Good work.
Thank you!
yes +1
It would be great to see you guys in more technical videos. It is a great channel, we love your videos!
Thank you, have been watching your channels for couple of weeks now and it's really good and really helping me through
I'm 50% ADA 50% BTC 5 year hold
ADA and DOGE, a winning combination
Like you said, those are the only two i see holding at this time
When did ETH go from 6% to 5% when staking to ETH2?
Thanks you for your update am long term holding. I love dogecoin
Your page is such a help! Thank you!!
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Love your channel one of the best that i met my entire life, and you are amazing team especially the narrator
the video is amazing simple and straightforward and yet informative. thanks a lot.
hoped that it explained hashing and mining in greater details
Perfect explanation! Thanks
Amazing info, thank you!
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Thanks guys! This is great knowledge-
Thanks so much for these amazing videos - have been hooked to them
it literally cleared everything thanks man
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Great work guys. The animation and the analogies were spot on 👍
Beautifully explained!
This is a very clear explanation!
After so many videos on understanding how can I explain my dad about all these Bitcoin. I got my answer by watching this awesome video which was lucid and understandable by all.thanks pls keep making such video
Congratulations buddy!
Appreciate your effortt & hardwork put into each of the videos ♥️👍🏼
Thank you somuch. Clear and fun explanations on very complex subjects. A bit too fast for me, but hey, english is my second language
Thank you for that! Education is king!
You deserved to get 10million subscribers in this channel! 👍
Great explanation, Thanks!
Very useful info. Thanks for sharing it
These videos are AMAZING!!! I spent money on classes when I first started to get into blockchain, and no one has answered my question. What is the problem computers are trying to solve!?!
Great work at explaining.
Great video!! That was easy to understand!
We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@carmindaAntunes You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 1.3m in net profit across high dividend yield stocks, ETF and bonds during this red season.
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True..
My brain when I read underrated/undervalued:
BUY THE DIP!!
Brilliant work you are doing.. Just recently started paying more attention to the Crypto, NFTs and Blockchain Universe.. As a Computer science major graduate this could be my permanent turf..
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MINDBLOWN
Great content on blockchain!!
I've been trying to connect the puzzle since 2019..
Even though I am in profit with trading.. but I feel I am lost as a technology understanding..
Now I understand everything.. LOL
Thank you so much for the effort.
Amazing video mate !
Fantastically simple and understandable explanations!
Thank you for great info
Hello, I'm new to crypto and forex trading and I've been making huge loses trading on my own but recently i see alot of people earning from it. can someone please give me a new strategy or at least tell me what I'm doing wrong?
@Rupert rex Yes, having monitored my portfolio performance which has made a jaw dropping $290k from just the past two quarters alone, I have learned why experienced trader's make more success in the market.
@@johnrichard3862 Exactly that's the trick, don't panic when everyone else is and invest across the board .
@Usman Garba Do you trade on your own?
That's impressive, are you giving her your money or how do you go about it, what's really the idea behind copying trade's.
It's very nice to see this comment section, yes I'll highly recommend Mrs katelyn cuz I'm currently using her broker, her timing and trading strategies have been quite efficient
loved it .. its so informative
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Thank you so much! We appreciate your comment.
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Very nice community and roadmap
This is great content !
This channel is so addictive ❤️
Excellent explanation
You guys are indeed, legends
love your videos, maybe you need to consider to add a video about THETA and TFUEL not just about streaming and NFT but also the patented micropayment that can process to a Million Transaction per second.
YOu are an excellent teacher!
Thank you. 💐
Excellent!!
Brilhiante explicação!! Simplesmente BRILHANTE! Obrigado
Thank you so much
Really love your videos, I am new to crypto and I am learning a LOT from you. Thankyou and keep up the good work! :)
Excelente!!
Good work 👏
Great video ☺️
I didn't really get it all but here's what I understood
Crypto Notes #1
Each "Block" in the blockchain technology are just collection of data records.
Another block will be created once it has reached full capacity.
SHA-256 means Secure Hashing Algorithm & 256 is the amount of Zeroes and Ones it contains in the block.
When the blocks are full, miners hash them.
Miners add random numbers to solve calculations.
Ledger is a record of transactions.
Thank you very much
LOVE THIS
thank you!
Great video
Brilliant, helped me a lot to get my head around this topic! Is this your real voice by the way?
Yep :)
Thousand of thanks for this video. It helped me a lot in understanding this technology. Still, have 2 questions though?
1. If hash is a kind of password to open newly created block, then it's a bit contradicting with a function of a block, which contains list of transactions. How can empty blocks contain list of transactions in them?
2. How are new block generated, automatically or manually?
Literally thankyou
Great video! Explained well. Thank you.
Sick clan bro
Good job! MJ
Perfect.
great videos , Big fan over here ! may i ask why is it important to put Zeros at the end of your hash ?
Great videos
Definitely made it a lot easier.
excelente!
Really cool video. Awesome bro.
But I have a doubt, if miners get reward for facilitating the transaction, then what will happen after the last bitcoin mined? There will not be any reward, so miners will be stop varify the transactions. So, then how the thing will work?
you are good man
smart really samrtttt
Awesome.. I have been in crypto for 5 years... Computer Geek... I now know where to send "Non-Geek" people... Great Job...👍👍👍👍👍👍👍👍👍👍
Thank you! Could you please explain IOTA :)
Thank you
I all of a sudden like to watch ads since discovering your channel.
A whiteboard video on Iot, would absolutely be relevant. How does internet of things function?
Hi, I am a bit confused when you say in the video that the zeros are being added to the end of the block hash because the bitcoin blocks have them actually prepended to the beginning of the hash? Can you elaborate?