Blockchain : BLOCKCHAIN 101 _ Full Basics

Blockchain : BLOCKCHAIN 101 _ Full Basics

This [***”Blockchain 101″ video***]( will help you understand what is Blockchain, what is Bitcoin, why Blockchain, how does Blockchain work, applications of Blockchain, who uses Blockchain, Blockchain concepts which includes SHA-256 encryption, public and private key, distributed public ledger, proof of work, mining and at the end, you will also see a demo on Blockchain. Bitcoin is a digital currency which is used to send and receive money across the world in a decentralized manner with minimum transfer fee. Bitcoin does this by storing and transacting money over a distributed peer to peer network called Blockchain. Now, lets deep dive into this video and understand what is Blockchain 101 and how does it actually work.

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What is the Blockchain?

A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.

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