The video below explains how bitcoin works and also mentions the practical applications so that people who aren't extremely familiar can understand the true value.
This bitcoin explanation video invites its viewers to think about and discuss the fundamental and radical innovations made possible by crypto currencies. Bitcoin is not the new money for internet, but it is the new internet for money, value and ownership in all forms. Crypto currencies like Bitcoin are the next step in the emancipation of all world citizens, and can help create a new dynamic for democracy, society and economy.
Video Claims: Blockchain Technology Will Drastically Change Our Lives
In the coming years, the technology behind crypto currencies such as Bitcoin will inevitably and radically change the role of traditional trusted parties such as banks, accountants, the stock market, notaries, and governments. The animated video about Bitcoin addresses the technology behind Bitcoin: the Blockchain. Within six minutes, it is explained how the essential functions of the “trusted third party” can be automatized through the Blockchain as well as what the implications of this are.
From Bitcoin Hype to Blockchain Revolution: An Internet of Trust
With the arrival of crypto currencies such as Bitcoin, everyone around the world can trade with each other without any involvement from traditional third parties such as banks, notaries, accountants, and governments. Trade is a fundamental pillar of our economy and society, and traditional trusted parties play a crucial role in this.
The technology behind Bitcoin making all this possible – the Blockchain – ensures that the essential functions of the “trusted third party’, are fully automatized through the internet. This way, these functions are as freely available, accessible, and programmable as the internet itself.
Avant Lending pays your loan in 24 hours. Learn more now...
Watch the video here:
Related article: Is bitcoin the future of money or just confusion?