What is Blockchain In a Nutshell
Today I wanted to cover the bare basics of all cryptocurrencies - the Blockchain. Blockchain Technology is used in Bitcoin, Ethereum, Litecoin and almost every cryptocurrency (except CryptoNote or Tangle). This video explains why private keys are important, network nodes and more importantly, why transactions work
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Great post! With all the new people being introduced to cryptocurrency, your simple explantation is well timed. If I may make a suggestion, I would like to hear your thoughts on DASH. It seems to be the quiet, humble, "little engine that could", in crypto. With Evan's new article laying out the plan for DASH, I feel that it is on the brink of another breakout. I noticed as well, that you like to use DASH for your payments when submitting upgrades, "because of the cheapest transaction fees". Why do their miners process the transactions at such a low cost? The coin is worth quite a bit, and ultimately is going to have a smaller max level than bitcoin.
will defintely talk about it :D
For those that still don't get it, check out this illustration (probably what Boxmining based his video off of, considering the name picks).
Could you do a video on how a crypto-company's tech translates into value for its coin? Love your vids, dude
haha i just based my diagram on what seems simplist :D That illustration is a great way of understanding things! the question you have asked is the million dollar question :D
Yeah, it's the part about crypto I don't fully grasp. Take NMR, for instance. Why would I want to invest in the coin just because they've developed a tech that allows datascientists to compete in making the best market-predicting AI? I'm not a scientist, so why should that even matter when I'm only looking to invest and make money?
prices change due to changes in supply and demand, so most hope that in the future supply will be low and demand will be high.
Your video tutorials are amazing and I always learn something from you. The timing is perfect as I am almost finished writing a Steemit post called "Demistifying Cryptocurrenciess". I dont produce videos so would be great to somehow promote you in my posts - let me know how best to do that. Thanks again.
Good post brother, we need to setup a podcast with our great minds to offer the public different aspects of this blockchain game.
actually that would be great!! I follow both on YT and like a lot the way both talk about the cryptoworld! cant wait to see that podcast bro! 💪💪
great great info @boxmining! ✌
I've made a post less then a hour ago about how I feel about the blockchain (https://steemit.com/blockchain/@kintar0/blockchain-power-to-the-people)... and now I came across your video on YT talking about the blockchain!
I personally think Blockchain is the Power going back to the People! pass by and let memknow know what you think! cheers!
upvoted+resteemed
Thanks so much kintar0!
This is like the Anders explanation in blockchain demo but with better art.
Art that i drew! I should do one of those learn how to draw in 30 day things and post results on steemit
First to comment on this young superstar's newest Steemit post. LoL
haha far from a superstar :D i'm just some guy whole loves crypto :D
You are humble and that's cool :)
Great videos man, cheers from Canada!
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@boxmining
https://steemit.com/blockchain/@akshaybornare/what-is-blockchain-and-how-it-works
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