What a Blockchain Actually Does | Not What You Think! 👀

Blockchain is more [music] than just a ledger. Most people hear the words blockchain and think of a giant spreadsheet. But a blockchain really >> [music] >> is a coordinated system and it allows people all over the world to agree on who owns what without needing a central authority. I [music] know you guys like that, some freedom. Every block is a record of transaction and each [music] new block extends a shared history that anybody could verify and that's what makes crypto possible. >> [music] >> Once you understand that, you stop looking like a database and start looking like a trust machine. Like a bank has a ledger but it's centralized and [music] you can't see it. Go to your bank and see if they let you look at the ledger. It's not going to happen. But in crypto, we can

verify everything. That is the power >> [music] >> of decentralization. Raise that crypto IQ. Come to the Underground Crypto [music] Deep Dive Research Show Monday through Saturday 8:30 New York time. See you there.