Blockchain technology for dummies (benefits & applications)

Blockchain technology for dummies (benefits and applications).
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Blockchain technology for dummies (benefits & applications)

Video / Documentary description: The world has witnessed the rise in blockchain technology benefits and applications over the past decade, with Bitcoin being front and center. In this blockchain technology for dummies video tutorial, you will learn that blockchain has become extremely useful for recording transactions, transferring value, and being a distributed database that holds mass amounts of information.

Blockchain technology for dummies is essentially a network of computers that have ledgers on them that record data and update data simultaneously. One could think of it like the cloud on the internet. When you upload something to the cloud it is accessible to others and sometimes even editable by others. This is similar to blockchain technology benefits and blockchain technology applications, where transactions and value are updated and transferred throughout the particular blockchain at the same time.

The difference is, if I upload something to the cloud, it is only accessible to certain people. With blockchain technology applications, the information is not updated or changed by people but by the computers connected to the blockchain.

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