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The blockchain is the operating system that it runs on
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Banking on Africa: The Bitcoin Revolution

The blockchain is theoperating system that it runs on

The blockchain is the
operating system that it runs on

Full Transcript

00:00:01.000 --> 00:00:05.012
- The blockchain is the operating system that it runs on.
Duration
5 seconds
Views
19
Timestamp in Movie
00:15:20
Uploaded
May 27, 2025
Genres
documentary
Production
N/A

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Movie Summary

This documentary follows the journey of Bitcoin pioneers as the African continent seeks to leverage cryptocurrency to increase their independency from a banking system that fails them.
So, you can see it as your Windows, - Banking on Africa: The Bitcoin Revolution 00:06
So, you can see it as your Windows,
The software layer is the blockchain - Banking on Africa: The Bitcoin Revolution 00:09
The software layer is the blockchain
- Blockchain is the magic behind the money, - Banking on Africa: The Bitcoin Revolution 00:09
- Blockchain is the magic behind the money,
It is the technology that underpins Bitcoin - Banking on Africa: The Bitcoin Revolution 00:07
It is the technology that underpins Bitcoin
You can use it to store data like patents or wills, - Banking on Africa: The Bitcoin Revolution 00:09
You can use it to store data like patents or wills,
The authenticity of the exchange of value, or transactions, - Banking on Africa: The Bitcoin Revolution 00:11
The authenticity of the exchange of value, or transactions,
Each transaction is recorded on a public distributed ledger - Banking on Africa: The Bitcoin Revolution 00:09
Each transaction is recorded on a public distributed ledger
- The blockchain is a decentralized system, - Banking on Africa: The Bitcoin Revolution 00:08
- The blockchain is a decentralized system,
No single institution is in charge of this information. - Banking on Africa: The Bitcoin Revolution 00:05
No single institution is in charge of this information.
Now that differs from the current financial system - Banking on Africa: The Bitcoin Revolution 00:07
Now that differs from the current financial system
In the case of South Africa, - Banking on Africa: The Bitcoin Revolution 00:07
In the case of South Africa,
And the Reserve Bank checks all the other banks, - Banking on Africa: The Bitcoin Revolution 00:06
And the Reserve Bank checks all the other banks,
And that's the difference between a decentralized system, - Banking on Africa: The Bitcoin Revolution 00:07
And that's the difference between a decentralized syste...
If I, for example, want to give you government money, - Banking on Africa: The Bitcoin Revolution 00:17
If I, for example, want to give you government money,
We think that is what happens, - Banking on Africa: The Bitcoin Revolution 00:15
We think that is what happens,
There's always a middle man somewhere - Banking on Africa: The Bitcoin Revolution 00:06
There's always a middle man somewhere
- The creator of Bitcoin, the cryptocurrency - Banking on Africa: The Bitcoin Revolution 00:06
- The creator of Bitcoin, the cryptocurrency
People think it's a group of people, - Banking on Africa: The Bitcoin Revolution 00:06
People think it's a group of people,
Several people have come out - Banking on Africa: The Bitcoin Revolution 00:05
Several people have come out
I like the fact that I don't know who it is - Banking on Africa: The Bitcoin Revolution 00:06
I like the fact that I don't know who it is