For centuries, banks and governments have acted as mediators between citizens and their money, granting institutions immense power over our financial transactions. But times are changing. Enter the Blockchain, a new way of recording and securing transactions that promise to bypass the traditional custodians of our wealth. But how does Blockchain work exactly, and is it going to cause a revolution? For better or worse, we’re living through a huge moment in history as the world shifts towards digitization and decentralization, centuries after the Industrial Revolution brought about immense progress. In this episode, adapted from the Arabic-language series Dahaleez, Amr Waked explores the power and potential dangers of the Blockchain.
Blockchain Technology Simply Explained
In this video, we will take a simple, easy-to-understand look at blockchain technology. We will talk about the technology behind blockchain, how it works, and what it could be used for.
Blockchain technology is an innovative distributed ledger technology that is changing how we store and share information. It is a decentralized computing system that lets users store data safely and do business without trusting each other. Many different fields, from finance to health care, are starting to use this technology.
At its heart, blockchain technology creates a shared digital ledger of transactions that can’t be changed. Each transaction is recorded as a block, which is linked to the block before it in a chain. The blockchain gets its name from this chain of blocks, which makes it a very secure technology.
When it comes to security, blockchain technology is very safe because it uses advanced cryptography to protect data and make sure that only authorized users can access and change it. This makes it perfect for applications that need the highest level of security, like those in finance, health care, and government.
By the end of this video, you will have a better understanding of blockchain technology and its potential use cases. So, if you are interested in learning more about blockchain technology, then this video is for you!
PayPal explains the vision for its dollar-pegged stablecoin: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Jose Fernandez da Ponte of PayPal discusses the rollout of the firm’s dollar-pegged stablecoin.
How Big Banks Like JPMorgan And Citi Want To Put Wall Street On A Blockchain
Investors at the New York Stock Exchange trade upwards of a billion shares in a single day, but many of those trades take days to settle. Big banks like JPMorgan and Citi think they have a solution, and they need to borrow a tool from crypto to make it happen—blockchain. Citi thinks tokenizing assets on the blockchain could be a $5 trillion dollar industry by 2030. But tight regulation of markets, and a crackdown on crypto from the SEC could slow adoption.
Crypto: a beginner’s guide
Cryptocurrencies, decentralised finance and blockchain technology—what do these terms really mean? The Economist’s finance correspondents guide us through the key concepts of crypto.
Will Quantum Computing Break Bitcoin?
In this video, I discuss whether quantum computers will be able to destroy Bitcoin.
When discussing possible quantum computer attacks on Bitcoin, it’s important to remember that there’s no community in the world that is more focused on cyber security than Bitcoiners.
By contrast, the US banking system and US government are only able to hire mostly second-rate tech employees who enjoy dealing with bureaucracy and taking long lunch breaks.
Quantum computing is thus a much bigger threat to the US government or the US banking system than it is to Bitcoin.
In the event of a quantum attack on Bitcoin, the current signature algorithms would need to be replaced with a quantum-secure signature algorithm– and all BTC at those old addresses would need to be moved to new quantum-secure addresses.
This would be disruptive, but would not ultimately destroy Bitcoin. Once you understand that the essence of Bitcoin is the social layer, the social consensus surrounding it, and Bitcoin’s whole UTXO set, you begin to see that technologically driven attacks on Bitcoin (like a quantum computer attack) are much less dangerous than social attacks.
The best defense against social attacks on Bitcoin is Bitcoin education for everyone.
If Satoshi’s coins ever move, we can be reasonably sure that there is a new powerful quantum computer working in the world.
How Blockchain And Generative AI Are Linked
Alex Tapscott, an entrepreneur, investor, and author, joins Diane Brady on Forbes Talks to define Web3 by breaking down the differences between Web1 and Web2.
Ethereum 2.0 : The Future of Blockchain & Crypto
Join us as we dive deep into Ethereum 2.0, the next evolution of the Ethereum blockchain. From scalability enhancements to energy efficiency improvements, we explore how Ethereum 2.0 is set to transform the crypto world.
Whether you’re a seasoned crypto investor or new to the blockchain universe, this comprehensive guide is a must-watch.
What is a Blockchain – Coinbase Crypto University
Blockchain technology is the backbone of cryptocurrency, but what exactly is a blockchain, and how does it work? In this video, we’ll explain the basics of blockchain technology in a way that’s easy to understand for beginners. We’ll start by defining a blockchain, a digital ledger of transactions that is open for anyone to view and verify, and how cryptocurrencies, like Bitcoin and Ethereum, are powered by blockchain technology. Lastly, we’ll navigate through the specifics of how blockchains work, highlighting the role of decentralized peer-to-peer computers within a blockchain network.
Crypto Weekly: the blockchain heats up
From new allegations leveled at Binance, to why a new breed of tokens is growing on the Bitcoin blockchain, these are the week’s top stories in the world of virtual money.