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

This video on "Blockchain in 7 Minutes" by Simplilearn will help you understand what blockchain is and how it works. In this video, you will 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 features 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 it works.
Below are the topics we have covered in this Blockchain in 7 Minutes video.
00:00 Blockchain In 7 Minutes
01:03 What are Cryptocurrencies?
01:30 What Is A Ledger?
03:13 What Is Blockchain?
05:50 How does Walmart use Blockchain?

Why learn Blockchain?
Blockchain technology is the brainchild of Satoshi Nakamoto and enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, and incorruptibility are some of the enticing characteristics of Blockchain. By design, Blockchain is a decentralized technology that is used by a global computer network 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.