What is blockchain?

Blockchain was born in 2008, being built as the foundation of bitcoin, the most popular cryptocurrency in the world. Basically, blockchain is a platform capable of recording transactions in a decentralized way. With records on different computers, the “block chain” identifies the sending and receiving of virtual currencies.

All this is possible because all transactions made on the blockchain are stored in blocks. In turn, the blocks are linked to each other by links, called a “hash”. The sum of these links with the blocks form the chain, ensuring the operation of the secure record system of transactions carried out by cryptocurrencies.

In other words, blockchains function as an accounting platform. Through strong encryption, the chains validate operations performed virtually. The big difference for a bank system, for example, is that the records made by the blockchain are stored on millions of computers, avoiding fraud and double spending with the same cryptocurrency.

Acting as a ledger, where all the accounting records of a company are kept, blockchains have the advantage of being publicly shared with the participants of the system.

Safety

All the interest in investing in blockchains does not exist for nothing. As any transaction made in the system is only validated when the entire block is filled by the operations, the coins arrive at the correct destination and the transactions made previously cannot be changed. In addition, each block is closed with encryption, forming a chain of records that is practically impossible to change.

Blockchain areas of activity

The financial applications of blockchains are, today, the most explored. Its decentralized system has aroused the interest of financial institutions for securities registration, contract storage, customer data privacy and transaction tracking.

Although blockchains are mainly used for the financial market, the chain also began to draw the attention of governments and large companies. Currently, there is a lot of research being done on the possible applications of blockchains. In order to have a dimension of the matter, the stages of sending agricultural cargoes have already started to be recorded on blockchain.

Even with all these benefits, blockchain technology still needs to overcome some challenges. Among the main difficulties for the wide dissemination of the system are its regulation, the high energy consumption of the machines, the cost of implementation and the public’s confidence in the novelty.

Be that as it may, blockchains are already a reality. The expectation is that in the coming years the financial and corporate markets will adopt the technology, transforming various sectors on a global scale.

Strength in the last days

Both Ethereum and Bitcoin have seen gains of 12.85% and 13.49%, respectively, in recent days, bringing optimism among investors.

In total, the cryptocurrency market has jumped, in the last 24 hours alone, from US$1.7 trillion to US$1.91 trillion, with Bitcoin accounting for 41.3%, while Ethereum accounts for 17%.

Promising scenario for cryptocurrencies

Cryptocurrency Avalanche is also trading up 8%, selling at just over US$78, mainly on the back of the launch of a US$290 million incentive program. This is the Multiverse, with strong support in the development of game projects, NFTs and DeFi.

Cardano and Solana showed increases of 4% and 6%, but the biggest beneficiary this Wednesday (9) was Terra and the native token LUNA. The network that hosts DeFi’s second-largest ecosystem is up nearly 20% to trade at US$97.

Reflection of the US government statement

One of the factors that contributed to the good scenario was the release of a statement by the US Treasury Secretary, Janet L. Yelle, who spoke about the government’s plans to act in this segment.

The Joe Biden government’s idea envisions a well-structured approach to cryptocurrencies, supporting innovation that brings outstanding results to the nation, consumers and business, the statement reads.

Yellen also highlighted the importance of addressing the risks related to the illicit use of cryptocurrencies and consumer protection, both of which are important topics for management when it comes to operating in the industry.

And there’s no better time than now to learn more about decentralised money and blockchain. Bitcoin is at all-time highs, and the overall market capitalization of crypto assets has crossed a trillion dollars in dollar-denominated value. Fortunately, many experts, traders, and industry leaders have discovered that podcasts are the most effective method to share their expertise and explore the various possibilities that blockchain and digital currencies provide. Let’s take a look at some of the greatest blockchain and crypto podcast channels on YouTube.

1.Crypt0sNews

118k subscribers

12,788,959 views

Omar Bahm, one of the most well-known figures in the ‘crypto-YouTube world,’ runs a smash-hit channel with consistently high-quality crypto material. Omar mixes his 8 years of vlogging expertise with fluent crypto analysis to deliver well-produced regular interviews, news, and Q&As with approximately 120K followers. Omar’s interviews at crypto events give this channel a unique perspective, as he receives the most up-to-date news from the heart of the crypto world.

Omar Bham has been mining Ethereum since February 2016, after using Bitcoin since 2012. Omar chose to start publishing video diaries on YouTube to capture his life after going through a lot. This channel now hosts a range of material, including daily livestreams covering the latest cryptocurrency news, rumours, thoughts, interviews, and more. Omar finds the most essential issues of the day and reads a large number of articles so that viewers may acquire the knowledge they need without having to do all of the legwork themselves.

2. The Moon

172k subscribers

24,966,103 people have seen this page.

The Moon channel is dedicated to Bitcoin news and pricing. They concentrate on Bitcoin technical analysis, which is accessible to even the most inexperienced users. They also go through daily BTC and crypto headlines, as well as do some cryptocurrency analysis in general. “I think that fundamental analysis and technical analysis go hand in hand,” says the creator, “therefore I combine both in my Bitcoin movies.” Cryptocurrencies, particularly Bitcoin, will alter the world, therefore purchase Bitcoin, subscribe to our channel, and join this incredible financial revolution!”

3. MMCrypto (Technical Analysis & Swing Trading)

MMCrypto is really useful to me as someone who enjoys conducting technical analysis. He’s always upbeat, offers you a glimpse into all the fantastic locations he visits, and, most importantly, provides insightful analysis on the Bitcoin price charts. He’ll teach you how to analyse the charts from a variety of perspectives, and he’ll even show you how he makes million-dollar transactions. On the channel, he often invites DaVinciJ15 of Bitcoin HODL fame for some analysis and bromance.

4. Cobb, the Trader

11.7k subscribers

1,277,892 views

TraderCobb has worked with some of the most well-known traders in the world. TraderCobb and his crew are devoted to delivering a new quality of education to the bitcoin business. They have been featured on network TV programmes in Australia, offering their expertise to traders.

5. BitBoy Cryptocurrency (Crypto News, Analysis, & Fun)

With over 1.17 million followers on YouTube, BitBoy Crypto is undeniably one of the “biggest crypto communities on the internet.” Ben Armstrong and his crew release 3–4 videos each day, demonstrating their extensive crypto knowledge with a broad range of material that includes technical and fundamental analysis, crypto news, crypto projects, and more, all while keeping their programmes light and entertaining. You can tell they like what they’re doing.
While some of his predictions may border on “moonboy,” the best aspect of their channel is that they have a wide range of guests to assist you get a variety of viewpoints on what’s going on in the crypto industry. I’ve discovered a slew of other amazing YouTube channels thanks to the plethora of guests that appear on their channel. Indeed, just watching this channel and its many guests saves me time from having to visit other YouTube crypto channels to get diverse perspectives on what’s going on.

6. Bad Crypto Podcast

4.12k subscribers

148,737 views

One of the most popular episodes on blockchain and cryptocurrencies is The Bad Crypto Podcast. In this podcast for cryptocurrency newcomers and aficionados alike, Joel Comm and Travis Wright aim to explain the world of bitcoin, blockchain, alt-coins, NFTs, and ICOs.

It’s up to you to study and share the knowledge presented, regardless of whatever channel you choose to watch and listen to to keep up with the crypto world.