- published: 23 Dec 2016
- views: 6952
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Bitcoin in five minutes: Blockchain technology will drastically change our lives. In the coming years, the technology behind crypto currencies such as Bitcoin will inevitably and radically change the role of traditional trusted parties such as banks, accountants, notaries, and governments. The animated video about Bitcoin that was released today on http://bitcoinproperly.org is the first to specifically address the technology behind Bitcoin: the Blockchain. Within five minutes, it is explained how the essential functions of the “trusted third party” can be automatized through the Blockchain as well as what the implications of this are. From Bitcoin hype to Blockchain revolution: an internet of trust. With the arrival of crypto currencies such as Bitcoin, everyone around the world can tra...
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“Every now and then, a truly stellar new technology emerges, and it always takes us to places we never imagined,” says blockchain specialist Mike Schwartz. Like the combustion engine, the telephone, and the Internet before it, blockchain promises to transform how human society functions. We’re not there yet, but if all goes as planned, blockchain may just underpin the first real revolution of the information age. TED@BCG Paris embraced the concept of continuous change. To manage the growing complexities of this new normal, speakers sought inspiration from history and biology to describe creative, imaginative, unexpected ways ahead. About the TED Institute: We know that innovative ideas and fresh approaches to challenging problems can be discovered inside visionary companies around the wo...
Non technical explanation of the block chain concept underlaying the Bitcoin network. This video is meant for people who want to get a grasp of this new technology.
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This video https://youtu.be/eXJHPDs4M3Y provides an easy to understand introduction to Blockchain Technology. Please leave comments and questions below the video. Here is the full transcript for your convenience: What is a Blockchain? A Blockchain is a distributed database that multiple parties share and everyone can trust. A Blockchain network provides a mutually trusted, transparent way of sharing and transacting. Each party participating in a Blockchain network maintains their own copy of the database. What makes Blockchain secure? Transactions on the database are atomic (this means that they're processed one at a time). The next transaction will be a different write or a read, but only after the preceding transaction has completed (or failed). Each write to the database is consider...
The Blockchain of Things uses the power of the underlying cryptocurrency protocol to enables transactions, secure messaging, governance, chain of custody and disintermediation of trust. Crucial elements for the success of devices on the Internet of Things (IoT) and the industrial internet.
The world's first easy-to-understand explanation of blockchain.
Simple introduction to smart contracts on a blockchain