{"id":2832,"date":"2021-12-25T19:13:37","date_gmt":"2021-12-25T19:13:37","guid":{"rendered":"http:\/\/egrowonline.com\/?p=2832"},"modified":"2021-12-25T19:13:37","modified_gmt":"2021-12-25T19:13:37","slug":"what-is-blockchain-blockchain-technology-explained-simply","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=2832","title":{"rendered":"What is Blockchain? Blockchain Technology Explained Simply"},"content":{"rendered":"<p>Start trading Bitcoin and cryptocurrency here: http:\/\/bit.ly\/3uk1YyL<\/p>\n<p>Blockchain technology is a way of managing a ledger of records in a decentralized manner. It means that everyone participates in maintaining and updating the ledger, which makes it practically impossible to falsify.<\/p>\n<p>While Blockchain technology is a good solution to the issue of centralization, it\u2019s also very inefficient and slow, therefore it should only be used if the problem at hand is indeed centralization.<\/p>\n<p>That\u2019s Blockchain technology in a nutshell. If you want a more detailed explanation about the Blockchain and how Blockchain technology watch the complete video , here\u2019s what I\u2019ll cover:<\/p>\n<p>0:54 &#8211; What blockchain aims to solve<br \/>\n2:48 &#8211; Bitcoin: the decentralization of money<br \/>\n3:10 &#8211; Decentralization opportunities<br \/>\n4:04 &#8211; Blockchain explained in a nutshell<br \/>\n5:16 &#8211; How does blockchain technology work<br \/>\n10:05 &#8211; Ethereum in a nutshell<br \/>\n10:26 &#8211; Private blockchains<br \/>\n11:40 &#8211; Public blockchains<br \/>\n11:58 &#8211; Is blockchain the next big thing?<br \/>\n13:12 &#8211; Conclusion<\/p>\n<p>For the complete text guide visit: <\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"5naUngB6HR\"><p><a href=\"https:\/\/99bitcoins.com\/what-is-blockchain\/\">What is Blockchain Technology?<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;What is Blockchain Technology?&#8221; &#8212; 99 Bitcoins\" src=\"https:\/\/99bitcoins.com\/what-is-blockchain\/embed\/#?secret=8tt2vJGxac#?secret=5naUngB6HR\" data-secret=\"5naUngB6HR\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Join our 7-day Bitcoin crash course absolutely free:<br \/>\nhttp:\/\/bit.ly\/2pB4X5B<\/p>\n<p>Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel:<br \/>\nhttp:\/\/bit.ly\/2BVbxeF<\/p>\n<p>Still have questions? Leave us a comment in the comment section below<br \/>\n<br \/><a href=\"https:\/\/www.youtube.com\/watch?v=2yJqjTiwpxM\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Start trading Bitcoin and cryptocurrency here: http:\/\/bit.ly\/3uk1YyL Blockchain technology is a way of managing a ledger of records in a decentralized manner. It means that everyone participates in maintaining and updating the ledger, which makes it practically impossible to falsify. While Blockchain technology is a good solution to the issue of centralization, it\u2019s also very [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[47],"tags":[],"class_list":["post-2832","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-videos","post_format-post-format-video"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/12\/1640459613_maxresdefault.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/2832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2832"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/2832\/revisions"}],"predecessor-version":[{"id":2834,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/2832\/revisions\/2834"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/2833"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2832"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}