What is the blockchain and how does it work?Easily explained."Plus Blockchain Concept animation video"

in #bitcoin7 years ago (edited)

As far as the story is often known. What Bitcoin brought to life is the blockchain.Clearly considered, this is nothing more than a decentralized database. A database that is complete on many nodes and is always up to date.

Joerg Platzer has it in his book "Bitcoin kurz & gut with an example easy and understandable explained.

Let us imagine that all people would be equipped with superhiders and could remember everything. Everyone would know at any time,who has in the world how much money. Furthermore, in this hypothetical world, we have lost the ability to lie so that we can always trust one hundred percent.
You should be lying in this hypothetical world, the ability to lie, so we can always trust one hundred percent. We (Alice) go for a beer in the evening and do not pay the host (Bob) the 2.50 € in coins, but leave the money to him orally. Since Bob has all the headlines in his head and knows that we have so much money, he accepts the payment and gives six more guests that we have handed Bob the money. These guests also know that we are so much and the Bob says the truth, they were witness to the transaction. So they pick up their smartphone and tell six other people that Alice has given Bob money and Bob now belongs to it. These six friends also inform six friends again, so that the whole world knows in a matter of seconds. Every ten minutes, an accountant checks somewhere in the world once again all the transactions that have taken place over the last ten minutes on their consistency. He confirms the correctness of the new accounts and documents that Alice paid the beer. From this point, the money now belongs to Bob.
I hope that by this example you now have a better understanding how it works a blockchain.
And now finally the Plus Blockchain Concept animation video from the Autor Deloitte Digital Nl


Thank you very much for this great Video animation.

Germanlifestyle

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nice post great sharing good info :) dear now i am following you :)

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