Blockchain 101: Visual Explanation of How Blockchain works (~18 Mins)

Osborne admits struggling to grasp blockchain, but found a video that finally made it click. This 18-minute visual explainer simplifies blockchain fundamentals, which is crucial for any founder or investor navigating the evolving landscape of fintech and decentralized technologies. Understanding the basics empowers better decision-making in the Web3 space.

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For founders entering the blockchain space, prioritizing accessible explanations of your technology is crucial for adoption and attracting both investors and users.

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Even with deep technical concepts, finding simplified visual explanations can unlock understanding and inform investment decisions, highlighting the importance of continuous learning.

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If you are struggling to understand new technologies, seek out resources that prioritize clarity and visual aids to grasp fundamental concepts and accelerate learning.

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I do not understand how blockchain and cryptocurrencies work. I’ve admitted this in the past. Have scoured the internet to get an easy to understand explanation of how it works. Have even read the original paper by Satoshi Nagamoto to understand the concept. But all of it was too complicated or written with unnecessary jargon or complex math. I did, however, over time, understand the concept of blockchain (distributed, peer to peer, no central trust authority etc.) but not how blockchain actually works.

All of that has changed. This video (link below) has helped me understand the fundamentals of blockchain. it visually explains the core concepts of the blockchain, how transactions are stored, how it’s unhackable, how mining is done, why its a complex task etc. It’s extremely simplified but it drives home the concept. If you’re looking to learn more about blockchain, watch this 18 minute tutorial.

Onward.