Hello everyone and welcome to this video in this video are basically going to be explaining to you guys
who are blocked James are on the block chain is so basic.
Let's start from the building blocks.
A block is basically is a record or a log of a transaction.
All right.
That you have a basically a bitcoin transaction.
All right.
So a block is a log or a record of a bitcoin transaction.
All right.
Now basically what forms a block chain is when a block or which is also a record of a bitcoin transaction
joins the other block in a chronological sequence.
So basically a block chain is a collection or a record of all transactions that were done on the deep
web through Bitcoin.
All right.
So basically if for example the first transaction connected to the second one after that all in a chronological
order.
This all forms a what's called what's known as a block chain.
So let me basically explain this to you using the Web site.
So the website I'm using here is the Gluckstein a dot info website and basically it's going to share
your transactions per day.
So he's going to say the number of Bill Clinton's actions in the last 24 hours.
All right.
And it's going to basically give you a few just statistical charts about what bitcoin what's going on
and he's going to say this.
You said this is basically how many transactions are currently being completed right now and you can
see this quite a lot being performed.
And as I was saying basically if I perform a transaction today using Bitcoin it's going to be stored
in a block.
All right.
And then that block is going to connect to the one before him before mine.
So it all goes in a in a sequence of chronological order.
So the newest will come first and so on and so forth.
So that's basically it for these video guys.
Just wanted to explain what block chains are.
So you guys get a good understanding of what they are and how they basically relate to the deep web
in bitcoin.
So in the next video will actually get started using a bitcoin wallet.
So yeah.
Thank you guys for doing this video.
Any questions.
Leave them in the Q&A section and goodbye.