How does a blockchain work – Simply Explained

How does a blockchain work – Simply Explained
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What is a blockchain and how do they work? I’ll explain why blockchains are so special in simple and plain English!

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Blockchain In 7 Minutes | What Is Blockchain | Blockchain Explained|How Blockchain Works|Simplilearn

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This Blockchain video will help you understand what led to the creation of Blockchain, what Blockchain is, how a Bitcoin transaction works, how Blockchain plays an integral role in it with feartures like hash encryption, proof of work and mining and how Blockchain technology is used in real life scenarios. Now, let’s dive into this video and understand the basics of Blockchain and How Blockchain works

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#Blockchain #Whatisblockchain #BlockChainExplained #Blockchaintutorial #Bitcoin #Blockchainonlinetraining #Blockchainforbeginners #BlockchainTechnology #Simplilearn

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Blockchain technology is the brainchild of Satoshi Nakamoto, which enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, incorruptibility are some of the enticing characteristics of Blockchain. By design, Blockchain is a decentralized technology which is used by a global network of the computer to manage Bitcoin transactions easily. Many new business applications will result in the usage of Blockchain such as Crowdfunding, smart contracts, supply chain auditing, etc.

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40 comentarios

  1. Steve Mace

    i make huge profits on crypto trading with a professional trader mrs loice martha her trading strategies are awesome

  2. Pedro Antoninho

    Many thanks for the content of this video. Is it possible to have access to this road map in graphical format (like mind mapping or something similar)? For those who are taking the first steps in this recent technology, it becomes easier to process and assimilate all this information. All the best!

  3. Union Digital Center

    On the off chance that you can't make sense of something basic enough for everybody for comprehend, then you have not perceived it all around ok. Extraordinary video..

  4. Gabriel Henrichs

    Thank you for quality programming.< What you are describing here is accurate – the flight to safety to the US stock market and dollar. This is what is keeping the market going at this time and preventing a crash. This "melt UP" phase will go on for a while, then as the global economy crashes so will US markets only harder due to the "No Win scenario" that has been created by so much obscene debt. Next comes the "Default Phase" with mega-massive bankruptcies and lastly "Asset Seizures" where banks and the Fed government will simply declare an extreme national emergency to justify the crisis and debit your account directly. The fools will think that this could never happen. The actual legislation for this type of action is already in place. My advice to anyone feeling the heat in this inflation, just trade long term more than ever, I have made over 523k from day trading with Ruby Benally in few weeks, this is one of the best medium to backup your assets incase it goes bearish…

  5. rayla pikeri

    Excellent video. Thank you for including the theory but also the practical aspect.

  6. Ricky Araújo


    Hi Xavier, how are you? My name is Ricky Araujo. You reported the video I posted on YouTube for violating rights to your video, I understand you have the right to do so, but I humbly apologize for that.

    I'm a fan of your content that's why I subscribed to your channel, at the time I watched your video and I thought it was so rich that I didn't think twice about wanting to copy it, but I'm here begging you for a venomous apology and I ask you to remove your information, as this radically gets in the way. my growth here in Brazil.

    Also, I can post a video apologizing and put your channel in my video description.

    Don't worry about it anymore, it will never happen again. I just ask that you please withdraw a complaint.

    Att. Ricky Araújo

  7. Alim Ozkurt

    If your reading this I wish you health, wealth, and happiness! 💯😎🙋‍♂️👍

  8. DJ Remix Music

    how about if no one can verify and add a block to the chain?

  9. Monica

    This topic gave me a headache and with your demonstration, I completely understand now, how this works. Thank you!

  10. Ajax P

    Best explanation video so far. I just wished that there will be an in-depth discussion on the mining part. But all in all, this is great. Will definitely recommend this one to my friends.

  11. Baraq Ghaleb

    This is a very superficial explanation of Blockchain

  12. Face Indus

    First time I learnt about block chain. Answer is Proof of Ledger! Hope I’m right.. I didn’t cheat promise.

  13. Folusho Ogunde

    Awesome video but I wasn’t exactly sure the answer to pick lol

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