If You Dont "Really" Understand What Blockchain Is - This Video Explains It [6 min]

in #bitcoin7 years ago

Visualizing ideas often help you understand a concept much better. This video will walk you through how the blockchain/Bitcoin  works. What is most interesting in this video is that it shows you that the blockchain can be used for so many more things than just money or currency. Here are just some examples:

  • Purchases
  • Health Care
  • Insurance
  • Trust funds
  • Elections
  • Budget allocations for a company

The good thing with the blockchain technology is that it will remove existing middlemen such as banks, insurance companies, accountants and perhaps the best part, governments.

Finally, this video can be shared with people who have a low knowledge of the blockchain and cryptocurrencies. It is very easy to understand:

Enjoy!


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This is for me because I really do not understand what blockchain is. Thanks!

You are welcome. It really gives you a broader perspective

"Finally, this video can be shared with people who have a low knowledge of the blockchain and cryptocurrencies. It is very easy to understand"

God i wish i had this video a few months ago lol

yeah, better late than never...

At least it has the merit of being simple. For beginners like me it's great. Thank you very much for sharing.

Yeah, awesome. That's perfect for my next presentation. Thank you!

You are welcome

Great post, thanks for sharing.

you are welcome