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Summary:

This content provides a concise explanation of blockchain technology in 7 minutes. It explains what blockchain is, how it works, and its applications, providing a clear understanding of the concept in a short time.

Conclusion:

Blockchain technology has the potential to revolutionize various industries and processes by providing a secure and transparent way to record and transfer data. Understanding the fundamentals of blockchain is crucial for anyone interested in the future of technology and financial systems.

FAQs:

Q: What are the key features of blockchain?
A: Some key features of blockchain include immutability, decentralization, and transparency.

Q: How is blockchain being used in different industries?
A: Blockchain is being used in industries such as finance, supply chain, healthcare, and real estate for secure and transparent record-keeping and transactions.

Q: Is blockchain secure?
A: Yes, blockchain is considered to be secure due to its cryptographic algorithms and consensus mechanisms.



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28 Comments
  1. @SimplilearnOfficial 5 months ago

    🔥Blockchain Course: https://l.linklyhq.com/l/1txCZ

  2. @ogsteppa7223 5 months ago

    Whenever you compare your blocks to the charm it takes mining work to make payments s go through correctly one slip up and your funds will be gone

  3. @ogsteppa7223 5 months ago

    Proof of work

  4. @jt2428 5 months ago

    Hash Encryption but can you do a video on the 51% attack

  5. @iandastan5475 5 months ago

    D

  6. @cchudgens126 5 months ago

    public distributed ledger?

  7. @Thevoicetouch 5 months ago

    Hash encryption is the answer for the quiz

  8. @user-un6ej8pg6n 5 months ago

    Thanks you❤

  9. @ChristianMartinezcz 5 months ago

    Nice video as always but here is my problem I have been making losses trying to make profit in tradng. I thought tradng demo account is just like tradng the real market… can anyone help me out or at least advise me on what to do?

  10. @hotjobwithledo 5 months ago

    good job

  11. @santhoshgowda7068 5 months ago

    Nice project

  12. @lucanthony2209 5 months ago

    D.

  13. @beloveddigital 5 months ago

    D is the answer

  14. @ayrasmith 5 months ago

    Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.

  15. @user-rn8jf8mv4k 5 months ago

    Thank you.

  16. @manmohandhal5121 5 months ago

    Hash Encryption

  17. @JaphetWonders 5 months ago

    D. Hash Encryption

  18. @CezReactsYT 5 months ago

    Hash encryption

  19. @brianmcguire5175 5 months ago

    My understanding of block chain from watching this video tells me that it's a ledger of transparency that allows trading partners to verify the legitimacy of a supposed payment attempt but does nothing else really. A bank tranfer denial may not be instantly recorded but anyone sending more than what they actually have fails both in the banking system and the block chain system. The block chain allows traders to view partners current bitcoin balance but fraud happens from interpersonal promises anyways. The failed bank transfer can be from other non trader based origin and so a block chain doesnt do anything to legitimise an earnest traders promise of future bitcoin purchases when their purchase or exchamge can still be denied by the bank they use anyways. What ive seemed to have learned is that the block chain is a mode of transparency for guaranteed exchanges but accounts for nothing regarding borrowing, loans, installments and other non digital and frankly human based trade options and agreements. I think the block chain is a basic cloak for a greater fraud. Yes you cut out the middle man, ie banks and their surcharges and penalties. But you expose yourself to liars and unvetted characters too. Overall, i recommended buying bitcoin as the firmly established digital currency rather then betting on random upstarts with high risk nature. With your bitcoin balance make purchases you benifit most in terms of its security value. For example, shopping deliveries to your home neednt be in bitcoin. But specific online investments are safer with your digital currency because of its digitally tracked and recorded ledger status. Am i right or wrong?

  20. @cc-eb5nf 5 months ago

    can someone explain to me what is proof of stake

  21. @tjdliv9809 5 months ago

    😂

  22. @EFF_TheFormula 5 months ago

    D

  23. @AcidDaBomb 5 months ago

    2 bitcoins each? That's an insanely expensive dinner lol

  24. @rudraraj8749 5 months ago

    How can we use blockchain technology in cyber crime detection and prevention?

  25. @nitaprasad3855 5 months ago

    I think D is the answer

  26. @BasseyUdosen 5 months ago

    A

  27. @user-lf9ro2ly4i 5 months ago

    A – PUBLIC DISTRIBUTED LEDGER.
    And thanks for explaining it in simple way.

  28. @Divs_innovatesYT 5 months ago

    Great information..!! Absolutely loved your video on use of blockchain..! Your insights are spot on. 👏👏
    I recently delved deeper into this subject and found some valuable information on blockchain usage in healthcare sector as well in below article, which can help to improve the quality of healthcare services.

    https://meditechchronicles.blogspot.com/2023/07/the-role-of-blockchain-in-healthcare.html

    Keep up the fantastic content.!"🎉👏

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