Best Blockchain Explanation Video
This is one of the best explanations on the way Blockchain works! I suggest everyone that doesn't understand Blockchain completely to check this video out. Blockchain is quite complicated and its very impressive to explain such a complex technology and system using simple analogies. I believe sharing this video will educate people because I doubt everybody on Steemit understands the technology behind it, because uniquely the way you gain Cryptocurrency on Steemit means you don't necessarily have to understand the technology behind it. It is almost too easy.
The video also explains the benefits the technology could have in our ever increasing automated and software based world, having centralization on information is just too dangerous and as the information we keep online increases the greater the danger of that information being stolen or abused. This can also been seen with company's abusing privacy of their costumers.
If you find this video useful give this post a resteem to increase education!
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I do like that video. Watched it a few months after I had got into cryptocurrency and it did give me a better understanding. Steem and EOS are two of my favourites because I think they have enough decentralisation and have overcome some of the negatives that other cryptos have, like transaction fees and long confirmation times.
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