‘Blockchain’ is an interesting technology. Many technology experts and early adopters of blockchain have called ‘blockchain’ the biggest invention after the internet.
And like the early days of the Internet, it’s slow, not user-friendly, and not perfect. I also believe that blockchain will do for everything else what the internet did for information.
However, just as most people are unaware of the Internet boom, many people are unaware of the revolution that blockchain will bring.
I feel this because blockchain is more complex than the Internet and the context is not clear enough as to why this technology is so important!
Additionally, some myths and theories about blockchain prevent individuals from understanding its full potential. I also know that some people don’t participate because they think it’s purely technical. I don’t agree.
Of course, blockchain is a technology and it is very technical to understand, but it is much more than that. Blockchain is a fusion of mathematics, computer science, philosophy, psychology, and trustlessness.
That’s why some think it’s the basic tenant of blockchain that everyone should know, whether they’re technical or not. I wrote this article with the purpose of introducing blockchain to the CoinSutra community and clearing up some of the misconceptions surrounding this technology.
I also see this article as an opportunity to tell you everything I know and feel about ‘blockchain’, and I strongly encourage you to read my previous articles about it.
Also, please watch my carefully selected videos below to familiarize yourself with blockchain technology.
9 Blockchain Videos Beginners Must Watch
1. What is blockchain?
This video is brought to you by one of the organizations I most admire, the World Economic Forum. This video vividly explains how blockchain was invented and how/where blockchain can be implemented beyond the field it was originally conceived of. It also tells us who could be the losers and who could be the winners in terms of blockchain technology.
2. Blockchain – a brief introduction
This video shows how blockchain emerged and evolved in Bitcoin. We use money as an example to show how blockchain can be cheaper for payments. It also explains how blockchain can be used to prevent fraud by creating unique digital identities for money and everything else we know.
3. What is blockchain? | CNBC explains
CNBC offers a unique perspective on blockchain technology in this video. While simultaneously acknowledging that blockchain technology has been used to finance the purchase of drugs, guns, and unethical lending, the focus is primarily on positive use cases. It’s good to see that organizations like UNICEF still think blockchain can be a force for good and that traditional banks are facing extinction due to new blockchain-based fintech startups.
4. Blockchain, how it works
This video demonstrates the importance of maintaining ledgers, considering how cumbersome and expensive maintaining ledgers/databases has become due to the growth of global commerce. This provides good insight into blockchain use cases beyond finance. For example, considering the various checkpoints of the diamond industry and blockchain can provide a better, safer, cheaper and more effective commerce model.
5. Understand blockchain in 2 minutes
The first killer app of blockchain is Bitcoin, which we all know. But the invention of Bitcoin introduced us to game-changing blockchain technology that has the potential to create a digital identity for everything we know on Earth. This is one of the best short videos about blockchain that thoroughly explains blockchain features.
6. The new kids of blockchain
This video is brought to you by Lorne Lantz, blockchain and Bitcoin educator. Lantz explains how the Bitcoin blockchain works and why it matters. This video also sheds light on the real-world problem-solving power of blockchain.
This video also discusses how the problem of correspondent banking can be solved if banks implement blockchain technology and save a lot of money for banks and users. It also shows how blockchain can help verify the authenticity of the medications you take every day and the shoes you wear.
7. Unraveling the mysteries of blockchain
This video goes back in history to trace the origins and evolution of the internet and the 2008 financial crisis, which was accidentally or intentionally linked to the origins of blockchain.
The reason I say coincidental or intentional is because no one knows whether Satoshi Nakamoto’s Bitcoin paper was a timely move or a coincidence right after the collapse of the global monetary system in 2008.
8. How blockchain will fundamentally change the economy
This video talks about the underlying technological institutions (e.g. blockchain) that will change the way we exchange value and informs us about the decentralized economy that will be created in the coming years. It also explains why various industries have traditionally trusted institutions and how these institutions function to reduce uncertainty.
But what if you didn’t need a trusted institutional intermediary to run your operations? That’s what this video is about.
9. Blockchain: Super Simplified
The speaker in the video takes us back to the early days of the Internet, when it was broken, slow, and inefficient, and presents the current state of the Internet. Likewise, blockchain as we know it now is not very good, but over time it could be as good or better as we have seen with the evolution of the internet.
It also talks about the gap that blockchain is helping to bridge, which is fundamental to human existence.
Best Blockchain Videos
All content in this article is from my perspective. We also borrowed content from others to convey what blockchain is and why it is important.
Now we’d like to hear from you:
- What do you think about blockchain?
- Do you think it will be bigger than the Internet?
- Which of the following videos did you like best?
- Do you know of more interesting videos about blockchain?
Let us know your answers to these questions in the comments section below!
Also, join CoinSutra and check us out on the following platforms: Because we are trying to bridge the gap between you and cryptocurrency/blockchain technology.
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