What is Blockchain? Blockchain Explained in 1 Minute

What is blockchain? This video is the perfect entry point for beginners looking to learn. In this animation, blockchain technology is explained simply in 1 minute.

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[lesossbapt]

Thank you for this perfect explanation !

Subtitles :

The blockchain offers the ability to distribute ledgers in a decentralized record of information. Unlike centralized systems where the ledgers of records are stored in a single specific entity, like a bank or a governmental institution, the blockchain share the ledgers in between its participants. That is what makes it decentralized. This means that the ledgers are written and stored in a network and its members are responsible to update it and monitor it. No record could ever be added without consensus of its participants. Every block of records is constantly synchronized by the different members of the open network, creating multiple copies of the data through a shared record-keeping system, ensuring no one person or organization holds ownership of the data. To sum up, a blockchain establishes an auditable and indisputable open record of information that is cheaper, faster and more secure than any centralized system.

[fireline]

Awesome relaunch! To bad btc is pumping like crazy....

[abhinavseth]

What if there is a mismatch between one or more records in a block chain (Since multiple copies of single ledger flows through the entire block chain network)?

[alexanderromeo]

How engaging will this academy be? I saw that there will be certificates for meeting criteria? Will this be equivalent to khan academy?

[RoseannMosley]

The video content is very interesting! I am a little confused: someone sent me a usdt and I have the recovery phrase. How do I extract them?

Hey there! I was wondering if you'd allow me to use this video in an Educational manner for visual representation of Blockchain vs. Centralized Network in a presentation for an Academic Graduation involving Cryptocurrency as a subject. Please let me know! I would obviouslly give you credits.

[姜易-yl]

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.