Blockchain Technology Explained | Blockchain Technology Tutorial | Blockchain Tutorial | Simplilearn

This Blockchain Technology Explainedvideo will help you understand what is Blockchain technology, issues with banking system, how bitcoin solved the issues in banking industry, what are the features of Blockchain which include public distributed ledger, proof of work, mining and at the end, you will also see a use case implementation demonstrating Blockchain mining. Blockchain technology today is very robust and there are a lot of aspects like the programming language, distributed ledger, bitcoin cryptocurrency and many more. Now, lets deep dive into this video and take a look at how Blockchain Technology works in detail.

Below topics are explained in this Blockchain Technology Explainedvideo:
1. Issues with the current banking system ( 00:35 )
2. How Bitcoin solved these issues ( 02:12 )
3. What is Blockchain Technology? ( 05:31 )
4. Features of Blockchain ( 08:31 )
- Public distributed ledger
- Proof of work
- Mining
5. Use case - Blockchain mining ( 17:17 )

#Whatisblockchain #Blockchain #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, Internet of Things(IoT), etc.

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[swappy]

Great explained... Actually I have paper presentation on the topic of block chain....
For demonstrate the block chain I made a coding in C language..
In which I create a hash value for data(coins) so it can get only verified by the miners...

[Dirtymousey]

Thank you for this great explanation! Blockchain is being introduced into a game app I play and it’s kinda confusing how that will impact the in-game store to purchase items. Would be nice to see more videos on this that explain how it would impact certain apps. Thanks!

[akshadapawar]

very well explained...could you share the applications and use cases of blockchain technology?

[saietchhetri]

Beautifully explained .. thank u so much

[hameedhm]

Nice pictorial explanation of how Blockchain network works. This will help for beginners to understand better. Good job.

[sanasheik]

Good video. Looking forward to see more practical sessions.

[piyushvikasduta]

Can you give me some real example of double spending ?

[ravimaddipati]

Sir in order to become an blockchain developer on which subjects have to be concentrate more during pursuing the degree

[georgetsiklauri]

1:17 How does 800$ holder sends 1000(2x500)$?

[ravindraverma]

who will generate explained mathematical problem for miner, there must be centralise authority. ?

[sekharreddytadi]

very nice tutorial... thanks, simplilearn is a suggestible for online classes I enlightened my self by this team...

[aditidubey]

Nicely explained👍
However I couldn’t well understand the concept of nonce.

[puneetsharma]

Thanks for the informative video.could we make use of blockchain in carbon footprint .if so could you suggest some learning stuff.

[ouroborostaleeater]

what if a transaction never gets mined ???

[rumitsurana]

Thank u sir for explaining us.
But i have a doubt what if the miner make a wrong calculation in hashing
Then what will happen
And also why we have to pay transaction fee, if we pay transaction fee then isn't good to go for banking

[Animeking]

Sir every transportation BTC address was change but i register the previous adress the amount will came to the old adress

[meetbuddhadev]

If in Cryptocurrency there is no third party, where does the transaction fee go? ( the $1 in example case)

[HarshSingh-xsdk]

Sir, now we having upi app, Google pay, and many more payment method by which we don't have to pay extra charges on transaction instead we get money back as some rewards. Google is one of the trusted company and provides a secure platform for transaction so why we need blockchain or how block chain is better.
and if blockchain have a potential to maintain our economy system then plzz make video on it and one more ques..that does the meaning of blockchain only relates to Bitcoin or any other crypto?

[harjotsingh]

Hlo sir plzz u sound little bit fast with ur words nd video slow it little then it will be perfect actually new block chain concept is difficult understand nd videos feel fast

[thalanayarswaminathansaipr]

Hey how will digital money spend twice?? Since all transfers are part of transaction, transaction is successful only if it is consistent . Then in that case the we can't send 2 times 500 dollors if we have only 800 dollars. Can you explain what does this double spending means