Blockchain Technology | What Is Blockchain Technology? | Blockchain Explained | Simplilearn

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This video on Blockchain covers all the important concepts from basics to advanced. Also, it covers all the information about Blockchain like how it came into the picture, how Blockchain works, what are the features of Blockchain, how transactions take place in blockchain, which hashing algorithm it uses, what is mining and what are miners?, and what is Proof-of-Work.

These are the facts we will be discussing in this video:
00:00 Issues with the current banking system
02:13 How bitcoin solved these issues
05:33 What is Blockchain Technology
08:33 Features of Blockchain
17:23 Use Case
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What is Blockchain Technology?
Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain,” in a network connected through peer-to-peer nodes. This storage is referred to as a ‘digital ledger.’ Every transaction in this ledger is authorized by the digital signature of the owner, which authenticates the transaction and safeguards it from tampering. Hence, the information the digital ledger contains is highly secure. In our blockchain tutorial, you’ll learn about bitcoin mining, how does blockchain work, the process of transaction, and more. You will also learn about the Blockchain Wallet, Cryptocurrency, and Ethereum.

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