Bitcoin Course | Big Picture Basics 5.2 - Decentralised Data Grid

Free Course Full Lesson https://hashpower.academy/lessons/5-blockchain-data/
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This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] so bitcoin’s blockchain is a technical topic and so to give you the clearest understanding the text of this section is going to take you through all of the different moving parts of the blockchain and what it’s trying to achieve and this video is to give you the best analogy as to the blockchain and how it works and all the different moving parts and the clearest way to understand the blockchain is think of our physical electricity grids it is a network managing the supply and demand of electricity and trying to remain balanced over time the blockchain is a digital Network trying to manage the recording of data over time with the supply to report data being hash power and the demand to record data being transactions that is the clearcut understanding of what the blockchain is it’s a Digital Data electricity [Music] grid [Music]

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