What is the idea behind the Blockchain Technology. Blockchain Technology Explained.


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This video aims to teach cryptocurrency to beginners and will explain how cryptocurrency and blockchain works.
I will try my best to help viewers understand the blockchain and cryptocurrency technology in a historical context.

Blockchain cryptocurrency – understanding the idean and the technology behind cryptocurrency.

But first what is cryptocurrency?

A cryptocurrency, crypto-currency, or crypto is a collection of binary data which is designed to work as a medium of exchange. Individual coin ownership records are stored in a ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.Cryptocurrencies are generally fiat currencies, as they are not backed by or convertible into a commodity. Some crypto schemes use validators to maintain the cryptocurrency. In a proof-of-stake model, owners put up their tokens as collateral. In return, they get authority over the token in proportion to the amount they stake. Generally, these token stakers get additional ownership in the token over time via network fees, newly minted tokens or other such reward mechanisms.Cryptocurrency does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to a central bank digital currency (CBDC). When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.

Bitcoin, first released as open-source software in 2009, is the first decentralized cryptocurrency. Since the release of bitcoin, many other cryptocurrencies have been created.

Whats is blockchain?

Blockchain.com (formerly Blockchain.info) is a cryptocurrency financial services company. The company began as the first Bitcoin blockchain explorer in 2011 and later created a cryptocurrency wallet that accounted for 28% of bitcoin transactions between 2012 and 2020. It also operates a cryptocurrency exchange and provides institutional markets lending business and data, charts, and analytics.

Advice on Crtptocurrency learnng from gathered online resources

If you are starting to trade bitcoin, dodgecoin and other cryptocurrency it is useful to learn more about the blockchain technology and how its use in cryptocurreny, we will answer if the cryptocurency is a safe investment tool and possible loop hole that can be use to fraud investors.

in a nutshell:

I am going to cover a simple explination on how cryptocurrency work and show some graphic visualization. I will also explain how how blockchain works and its many uses – more than just cryptocurrency market.

Final Words:

Some people have asked if this channel accepts contributions in cryptocurrency form. Yes I do have a dodge coin account and you can send me some crypto if you think you like to support this channel.

Cryptocurrency and Blockchain Summary:

At the end of the video we should be able to learn

How cryptocurrency actually works. Other uses of blockchain, and how its benefits us in general.
we will also discuss about crypto currency mining,


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