KidzTube
Welcome
Login / Register

What Exactly Is Blockchain?

Thanks! Share it with your friends!

URL

You disliked this video. Thanks for the feedback!

Sorry, only registred users can create playlists.
URL


 Computer Science   |   Economics   |   Science   |   Social Science
 Find Related Videos  added
191 Views

Description

Blockchain was built to revolutionize how we share data...but can it live up to the promises it has built?
Subscribe to Seeker! http://bit.ly/subscribeseeker
Watch more Elements! http://bit.ly/ElementsPlaylist
Visit our shop at http://shop.seeker.com

While bitcoin and blockchain are often part of the same discussion, the two technologies are not synonymous and blockchain actually has potential issues far beyond bitcoin and other cryptocurrencies.

Blockchain, a recording software that makes it near impossible to change, hack, or cheat the system, can be a way to get multiple parties that might not trust each other to share and agree on data. Its this peer-to-peer system thats made blockchain appealing for financial applications like Bitcoin and other cryptocurrencies. But ironically, it is those same features that make it secure, that also make it impractical for many applications.

So what exactly is blockchain, what exactly is it used for, and what is ultimately holding it back?

Find out more in this Elements.

#cryptocurrency #blockchain #bitcoin #technology #seeker #science #elements

China Just Launched Its Digital Yuan, Could This Be the End of Cash?
https://www.youtube.com/watch?v=z9f90On0Pic&ab_channel=Seeker

Read More:

What is blockchain? The complete guide
https://www.computerworld.com/article/3191077/what-is-blockchain-the-complete-guide.html
"Based on a peer-to-peer (P2P) topology, blockchain is a distributed ledger technology (DLT) that allows data to be stored globally on thousands of servers while letting anyone on the network see everyone else's entries in near real-time."

Making sense of bitcoin, cryptocurrency and blockchain
https://www.pwc.com/us/en/industries/financial-services/fintech/bitcoin-blockchain-cryptocurrency.html
"Bitcoin is the name of the best-known cryptocurrency, the one for which blockchain technology was invented."

What's Blockchain Actually Good for, Anyway? For Now, Not Much
https://www.wired.com/story/whats-blockchain-good-for-not-much/
"For a while, blockchain was seen as a panacea, says Andrew Stevens, a Gartner analyst who coauthored the blockchain fatigue study. ...They predicted 90 percent of those projects would eventually stall."

____________________

Elements is more than just a science show. Its your science-loving best friend, tasked with keeping you updated and interested on all the compelling, innovative and groundbreaking science happening all around us. Join our passionate hosts as they help break down and present fascinating science, from quarks to quantum theory and beyond.

Seeker empowers the curious to understand the science shaping our world. We tell award-winning stories about the natural forces and groundbreaking innovations that impact our lives, our planet, and our universe.

Visit the Seeker website https://www.seeker.com/videos

Elements on Facebook https://www.facebook.com/SeekerElements/

Subscribe now! http://www.youtube.com/subscription_center?add_user=dnewschannel

Seeker on Twitter http://twitter.com/seeker

Seeker on Facebook https://www.facebook.com/SeekerMedia/

Seeker http://www.seeker.com/

Post your comment

Comments

Be the first to comment









RSS