How Blockchains Work

Everything Everywhere Daily

Gary Arndt

History, Education

4.8 • 1.8K Ratings

🗓️ 26 September 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

One of the biggest innovations in computing over the last several years has been the blockchain. There have been a host of companies that have hyped products using a blockchain. Blockchains are the basis of all cryptocurrencies and non-fungible tokens. Despite all the talk about blockchains, most people still aren’t totally sure what a blockchain is or how it works. So, learn more about what blockchains are and how they work on this episode of Everything Everywhere Daily. Sponsors Draft Kings Step into the thrilling world of sports and entertainment with DraftKings, where every day is game day! Join the millions of fans who have already discovered the ultimate destination for fantasy sports and sports betting. Download the DraftKings Sportsbook app and use code EVERYTHING to score two hundred dollars in bonus bets instantly when you bet just five dollars! Newspapers.com Newspapers.com is like a time machine. Dive into their extensive online archives to explore history as it happened. With over 800 million digitized newspaper pages spanning three centuries, Newspapers.com provides an unparalleled gateway to the past, with papers from the US, UK, Canada, Australia and beyond. Use the code “EverythingEverywhere” at checkout to get 20% off a publisher extra subscription at newspapers.com. Noom Noom is not just another diet or fitness app. It’s a comprehensive lifestyle program designed to empower you to make lasting changes and achieve your health goals. With Noom, you’ll embark on a personalized journey that considers your unique needs, preferences, and challenges. Their innovative approach combines cutting-edge technology with the support of a dedicated team of experts, including registered dietitians, nutritionists, and behavior change specialists. Noom’s changing how the world thinks about weight loss. Go to noom.com to sign up for your trial today! ButcherBox ButcherBox is the perfect solution for anyone looking to eat high-quality, sustainably sourced meat without the hassle of going to the grocery store. With ButcherBox, you can enjoy a variety of grass-fed beef, heritage pork, free-range chicken, and wild-caught seafood delivered straight to your door every month. ButcherBox.com/Daily Subscribe to the podcast! https://link.chtbl.com/EverythingEverywhere?sid=ShowNotes -------------------------------- Executive Producer: Charles Daniel Associate Producers: Peter Bennett & Cameron Kieffer Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere Update your podcast app at newpodcastapps.com Discord Server: https://discord.gg/UkRUJFh Instagram: https://www.instagram.com/everythingeverywhere/ Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily Twitter: https://twitter.com/everywheretrip Website: https://everything-everywhere.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	One of the biggest innovations in computing over the last several years has been the blockchain.
0:04.0	There have been a host of companies that have hyped products using a blockchain.
0:07.0	Blockchains are the basis of all cryptocuracies and non-fungible tokens.
0:11.0	Yet, despite all the talk about blockchains, most people still aren't
0:15.2	totally sure what a blockchain is or how it works. So learn more about what blockchains are and
0:20.4	how they work on this episode of Everything Everywhere Daily. If you've paid any attention to technology or computer news in the last few years you've probably heard a lot about
0:44.0	blockchains. Blockchains are the technology behind
0:46.8	cryptocurrencies and non-fungible tokens or NFTs. However I've noticed that
0:52.0	while there have been many mentions of blockchains, there hasn't
0:55.1	been a lot in the way of explaining what a blockchain actually does.
0:59.2	My goal in this episode is to provide a high-level understanding of what a blockchain is and how it works.
1:05.0	I'm not going to get into the specifics of any particular use of blockchains.
1:09.0	Also, I know I have a wide variety of people who listen to the show,
1:12.0	so there will be some people
1:13.7	who are very familiar with what I'm talking about, and there are some who might not even know
1:17.6	what a blockchain is.
1:19.6	This episode is intended for the latter group, who may have heard the term but otherwise don't really know much about it.
1:25.0	So with that, let's start with what problem a blockchain is trying to solve.
1:30.0	So let's create a hypothetical example and say that I'm going to allow people to
1:34.8	vote on if I should do an episode on tomatoes. So I'll create a Microsoft Word
1:39.7	document and make it available for download. A bunch of people download that Microsoft Word file and then vote in the Word file.
1:47.0	I've distributed the file, but there's an obvious problem. No one else, including myself, can see what changes you made.
	...

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