Blockchain Explanation

[@gstaadt]

Been watching about 10 explanations and this is by far the clearest!

[@stannisbarracuda5693]

i dont want to be that guy that says i wish i invested in block chain when it was still affordable at age 50 , best explanation of block chain ive found so far

[@karenread6341]

Thank you for putting this back up!!! This is the best blockchain video I've ever seen.

[@tedwhite6097]

Thank you so much on this explanation about blockchain. I really learn a lot about it. Planning to hop in on this this month and do some p2e game inside, my first project will be the FakeTown metaverse game.

[@pphu73]

Nice explanation as well as entertaining. I had a difficult time explaining blockchain to my brother last night. I will forward him this video. Thanks!

[@moonna8088]

Best video to understand blockchain by far, Well done Westpac.

[@hsinankara]

this video is the best one I've ever seen so far regarding blockchain, bitcoin and iot security. best.

[@MS-vh3kh]

I heard many SO CALLED TED TALKS but didn't understand how actually blockchain works... BUT now I know how it works exactly...Thanks a lot

[@aaronruiz816]

Finally, this concept has been explained simply. Thank you so much.

[@obalfaqih]

What a good explanation, suitable for those with and without programming background. Well done and thanks !

[@sigh2497]

Thanks for uploading it. Can’t imagine why the original would be taken down. This is required reading 📖 for everyone!

[@CasHCreeW]

one of the best explanations on the internet on blockchain topic

[@soareverix]

Thank you so much for this. This is the best video on Blockchain that I have watched

[@RamachandranS20]

Nice music. This kind of music tempts us to watch the full video and learn more :)

[@andrewbimpong323]

Really is! I've watched many so far, but this hammered the essence of distributed ledgers.

[@1993raghuram]

Very nice explaination and the best possible explaination ever!!!

[@corner559]

Wow, this is an amazing explanation. Best one I've seen thus far.

[@luxiong4725]

the best and most clear and inspring explanation I ever meet !

[@lamineaim5562]

the best explanation ever thanks alot

[@Mo-mw4it]

Definitely!

[@rafaelrodriguessantos6379]

Well done Sr. It's the best video so far.

[@LKelton888]

Probably the best explanation so far

[@bmwman5]

Yeah but how much time it would take for all the other 99 planes validate the 20-key code? Hours? Mins? Secs?

[@alabastardmasterson]

There in lies the problem

[@DwaineWoolley]

Yes definitely the best explanation I’ve seen

[@satisfyly]

best explaination ever made on youtube.

[@countryballs2005]

one of the best explanation video ever.. too bad only 64k view

[@AhmedTawheed]

really one of the best videos guys ,,, analogies are perfect

[@di-xz9bh]

I don't understand the part (approx. 2:30) explaining lost currency. The rationale is even if the coin isn't there, it can still be used to transact via the chain, but how? at what point do members of the chain allow/agree to record these values if it doesn't exist, even if it can be vouched that the coin was lost (implying it does exist) how do you account for possible fraudulent cases of other "lost currency"?

[@suniltripathi1805]

Best video on blockchain

[@stantonbrowndesign7259]

the aeroplane wing explanation did it for me,,..time frame 07:25 in the video...but watch the full video.

[@maxdoesdevops]

is it possible to get this presentation? as I understand it is made on Prezi

[@TheDestint]

Best explanation ever. Thanks a ton !!

[@nasimarahman6503]

Thank you so much, this is so clearly explained 💡⭐️⭐️

[@keesvandk7069]

I wonder where to keep all those ledgers , must every com have capacity to store those ledgers ?

[@CenturyOldPanda]

OK. So let try to get my head around. For simplicity sake, let's say there are 100 ledgers on public. 1. If I make a transaction legitimately using 1 public ledger, then the transaction I make gets "propagated" to the other 99 ledgers in the world. So the other 99 ledgers will "update" with my transaction and the information between the 100 of them will "agree". 2. Suppose the hacker somehow makes a illegitimate transaction. In theory, it sounds like the rest 99 ledgers will disagree with that and that hacker's ability to temper would be mitigated.... but if the hacker makes an illegitimate transaction, how does the rest 99 ledgers know whether to treat this as "something we cannot agree with" or treat it as "an update that's coming from one ledger and thus the rest 99 needs to update too"? 3. For example, I want to transfer $500 from A to B, and a hacker tempers with my transaction so make it look like the transfer is $5000 instead of $500. How does the rest 99 ledgers know to treat it as "an update for $5000 transaction" or "this is someone who is trying to make a $500 transfer but the transaction now says $5000 so let's all disagree"?

[@jatinarora4517]

Hi Stevan. Every application consists of to layers 1) Front End which is made using HTML,JS,CSS 2) The Back End which is blockchain in this case The problem you are talking about is the hack in the flow of data from the front end to the back end. To ensure data flows safely between the two layers is the responsibility of the application developer. Once the right data reaches the block chain, then it is the safest thing in the world.

[@alijannati1]

Your questions are legitimate in their nature, but in the whole spectrum of the block chain science, the first miner who detects, registers and records your transaction makes a permanent block of the transaction that all other 99 computers/devices will recognize and agree on. Any attempt by a hacker a second later has to access all the 100 devices to make the $500 original to $5,000 fake transaction. IMO

[@nwabuezeozuzu6370]

I don't think his question was answered. The hacker will successfully alter that transaction by updating the block chain to authorise a $5000 transaction. The hacker manipulates the front end data.

[@rabindrakumarmitra7275]

Best one on Block Chains!

[@Sunny_mystic]

Nice video.

[@ladymeow01]

Finally i understand blockchain !

[@bonz2864]

Wow! Thanks for sharing this. Awesome information.

[@pavelhassan7457]

Ok I understand, it's like sending email to another person... but how can I make money with block chain?

[@sebastianbur5387]

Hi, I am creating a help platform for people to get involved into crypto. we do that, in order to help projects gain money and awareness in order to help the poor people in guatemala. I was wondering if it is ok if we link your video about the blockchain on our website? we are planning to create our own videos , but didn't have the time yet. Thanks

[@tega2754]

Very good explanation.. thanks alot

[@carrino15]

Please make one without the music, that kind of killed it in order to make the watchers able to pay attention efficienty.

[@keilawhatley9833]

Cryptocurrency is a growing investment trend and many people are just barely getting aware of it, so it's time to double down and keep accumulating.

[@MegaMrDidier]

The best explanation ever!

[@3nien]

What happened when hacker got my private and verify 20 digit code

[@CrankyCrypto]

Thanks for reposting... Great Information.!!! :-) 2 POINTS

[@jasper5016]

Very good video. However, I am clueless that how those yuppies will get the 200kg stone back from the ocean.

[@dahidden12]

They won't have to. All they need to know is that its there. I want to be a Yapie

[@BKTV100]

Excellent Video

[@itsbhardwaj1677]

very good explantion

[@NizamKhan-nu1xg]

Fantastic video.

[@alleyare1]

Thank you its an awesome explanation. for the dapp

[@kelvinjanssens5423]

Blockchain is an exotic tech with far-reaching applications that can annihilate many others! It's already in the phase of games, where games like Bitcoin.com games made a great impact with casino games & also with cwv.io they have next-gen blockchain 3.0 using it for making apps & games, making it more faster & scalable, blockchain is the future!

[@seen203]

The computesr are run by "incentivized volunteers"? So where is the accountability when the money is lost? With a bank, if my money is lost, I at least have one, centralized entity that is held accountable.

[@evanlawrie3581]

How can blockchain be decentralized if it will likely be using some sort of could computing service to store public ledgers? Wouldn't hackers just be able to hack the cloud storage and modify information on all computers? Thoughts?

[@lastfirst8639]

You have ledgers every where they are only information showing the spent bitcoins and the trading and to change something all computers in the world have to agree to the change and they will not because idk they just won’t lmao

[@lastfirst8639]

Idk lmao it’s still rendering in my head that’s just what I just think

[@AmalJosemusic]

Kidu Analogy ❤

[@crocoddile]

Very good explanation, thanks!

[@sgt0m0sullivan]

If everyone adoptes this, wouldnt having a ledger of all people and their currency balance take up way to much space on most people's computer? Stats for 7.6 billion people is a lot for most computers

[@aditya44221]

J. Case it can be managed using a huge network of computers

[@mualchon]

thx man. this is great analogy

[@tobiasbeer2689]

This also perfectly illustrates all the problems with it. Saw where?

[@frksdf]

BEST VIDEO EVER!

[@talfromtelaviv]

Thanks for a great video

[@joenymus]

Good explanation but most irritant distracting music!!

[@letsfly6503]

ALERT: INCREASED NETWORK TRAFFIC The Bitcoin network is currently experiencing record usage, resulting in longer confirmation times and higher miner’s fees for transactions. Transactions are likely to be more expensive and/or take longer to complete and additional fees go directly to miners.

[@johnpoulos2694]

Hi! That's actually true, and it's a reason for which Bitcoin's price dropped and will continue to drop if transaction fees stay high.

[@FoneArc]

My name is.......my name is Craig...Grant...

[@aviadd843]

It's a great video - but the music prevented my concentration.

[@neonoply2205]

too fancy. just need a plain explain

[@alijannati1]

Bravo, Bravooooo

[@joreljebre]

2:23-2:39 is the reason why we're in this SHIT STORM of an economy RIGHT FUCKING NOW!!!! lol

[@connj67]

Cool vid but original bitcoin adopted segwit which is a fundamental departure from Satoshi’s whitepaper. I think BCH continues the vision. Larger blocks no segwit

[@Grievance_Studies_Affair_2018]

F*cking awesome!

[@Swanky95472]

very hard to focus with that damn music in the background!

[@HerrPorinski]

i also had hard times... .

[@cryptopaddy1894]

well then just mute the video and turn subtitles on dummy LOL

[@cpetch10]

There is news that bit coins got stolen....how can this be true if it is impossible to tamper the distributed ledger?

[@cpetch10]

Thanks for the clarity :-)

[@alijannati1]

To still a bitcoin one has to spend more money onthe use of electricity than the bitcoin's worth...

[@porkbellyism]

Michael Scott: why don't you explain this to me like I'm five =this video lol

[@alijannati1]

Like climbing the Mount Everest, a five-year old will never be able to climb it or get how the block chain works.... so try 25. (no insult, just being funny here).

[@AlliancedTrolls]

You lost me at 200 Kilos.

[@lastfirst8639]

Really helped man I am so amazed about this and can’t wait to start investing (I’m 15)

[@ansarrabiu5902]

Best project qnd kyced is lzn

[@BRK.Circle]

Son, they shook!

[@frksdf]

So, Yuppies invented the Blockchain :))

[@alijannati1]

Sorry though you can't invest in Blockchain.. you can invest in Crypro Currencies that are using Blockchain Science...go to Coinmarketcap.com and you'll see Bitcoin and more than 1300 Altcoins in the markets and exchanges...

[@stevemcginley77]

frksdf No.....Yappies, not Yuppies. Watch the video and COMPREHEND! LOL

[@dominickstewart433]

sounds like anarchist capitalism. okay.

[@christophermoutoulas3369]

Turn off the music

[@cryptopaddy1894]

well then just mute the video and turn subtitles on dummy LOL

[@GeorgeMeszaros]

The annoying music makes this video unwatchable.

[@tobiasbeer2689]

Anyone ever wondered why it is how they never explain how "coins" get created in the system? Fools.

[@johnpoulos2694]

Hi Tobias. I will talk about bitcoin which is the one I personally master. In Bitcoin coins are generated from 0 just in order to reward miners for using their computing power to solve complex computational problems to approve transactions.

[@redkellyre6568]

GET RID OF THE MUSIC

[@67mali]

I. Hate. The. Music.