How would you explain Blockchain in simple terms? Are blockchains anonymous? Can you trace a blockchain transition? Is blockchain and bitcoin the same? Let’s find out.
Welcome to Explain Like I’m 5, where we’re making it easy for you, explain crypto concepts in simple terms and answer the questions we’ve all been asked by friends and family about crypto. In this episode of the show, Jessica is joined by Scott Stornetta is the blockchain co-inventor quoted in the Bitcoin whitepaper written by Satoshi Nakamoto, who created the first cryptocurrency in 2009.
🔵 CoinMarketCap Bitcoin Explained Timestamps:
00:00 – Intro to Blockchain
2:43 – Blockchain Transactions
4:10 – Bitcoin on the Blockchain
5:12 – Blockchain Analogy
7:12 – Is blockchain Anonymous?
9:32 – Future of Blockchain
10:46 – Outtro
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Founded by Brandon Chez in May 2013, CoinMarketCap or CMC has quickly grown to become the most trusted source by users, institutions, and media for comparing thousands of crypto assets and is commonly cited by CNBC, Bloomberg, and other major news outlets.
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