What is BLOCKCHAIN? Simply Explained in 5 minutes

Are you curious about blockchain and cryptocurrencies but don't know where to start? No worries!
In this 5-minutes video, we'll explain: what is blockchain, how does blockchain technology works, and the real-world problems it solves.

🔍 Explore the Current System
Discover why we trust digital transactions through banks and how blockchain offers a better way.

💡 What is Blockchain?
Unveil the concept of blockchain as a secure digital ledger with blocks, hashes, and proof-of-work, providing protection beyond just financial transactions.

🤖 The Mechanics
Learn how blockchain's interconnected blocks, unique hashes, and proof-of-work ensure data integrity and security.

⛏️ Proof of Work
Understand the security layer of proof-of-work, essential for blockchain's trustworthiness.

🌐 The Decentralized Network
Explore the global network of blockchain ledgers, making it highly reliable and tamper-resistant.

🚀 Blockchain's Potential
Discover how blockchain is already transforming industries like supply chain management, healthcare, and voting systems, and reshaping the future of value exchange.

📈 Subscribe for More
If you found this video insightful, thumbs up!

Subscribe for more tech and finance insights from AIBC College ➡️ @AIBCcollege

0:00 - Intro
0:19 - Current system
1:07 - What is blockchain?
1:31 - How does blockchain work?
2:31 - Proof of work (PoW)
3:09 - Peer-to-peer network (P2P)
3:42 - Miners
4:05 - Decentralized network
4:13 - Blockchain's potential
4:45 - Conclusion

Disclaimer: This video is for educational purposes only. We are not financial advisors, and investing in cryptocurrencies carries risks. Do your own research before making any financial decisions.