Blockchain And Cryptocurrency Explained In 10 Minutes | Blockchain And Cryptocurrency | Simplilearn
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- Опубликовано: 19 июн 2024
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This Blockchain and Cryptocurrency video covers all the important concepts from basics to advance. It will help you 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. Also, it covers all the information about Cryptocurrency like what Cryptocurrency is, how Cryptocurrency originated, How Cryptocurrency works, How Cryptocurrency benefits us and How it works on Blockchain. Now, let’s dive into this video and understand the basics of Blockchain and Cryptocurrency and how they work.
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4:27 it tells that the transaction is transmitted using Jack's public key. Should it not be Phil's public key? Or why Phil's public key is not used anywhere?
That was an really expensive dinner they've got 😃 they better enjoyed it 😂
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simply explained loved it!
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For the second question, don't different crypto currencies use different hashing algorithms?? You mentioned earlier that bitcoin uses SHA256 but Ethereum uses Ethash.
"""Hello! You're absolutely right!. The answer is C - SHA256
SHA256 is the hashing algorithm used by cryptocurrency because it is computationally efficient and produces a fixed length of out for any random input which makes it difficult to crack as well as it is the integral part of crypto mining because majority of Blockchain network works on Proof-of-Work."
Proof of Work
Prove of work .
Option # Encryption
"Sorry, The correct answer is C - SHA256
SHA256 is the hashing algorithm used by cryptocurrency because it is computationally efficient and produces a fixed length of out for any random input which makes it difficult to crack as well as it is the integral part of crypto mining because majority of Blockchain network works on Proof-of-Work."
very interesting video
Hello thank you for watching our video .We are glad that we could help you in your learning !
Good
Hello thank you for watching our video .We are glad that we could help you in your learning !
1.Hash
2.SHA256
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A. Public distributed ledger
Can you make video about affiliate marketing?
Hi, we already have a video on affiliate marketing on our channel. You can search for it there in our Ditgital Marketing playlist/category.
hash encryption
Thank You. Quit enlightening.
#Bitcoin
#TheSpeedSterToken
#Altseason2022
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Public distribution ledger
"Hi, you got the right answer. Kudos.
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
"
What is the best strategy to enter crypto trading now for someone with more or less than $2k
# Encryptio
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A
"Hi, you got the right answer. Kudos.
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
"
D
"Sorry, The correct answer is C - SHA256
SHA256 is the hashing algorithm used by cryptocurrency because it is computationally efficient and produces a fixed length of out for any random input which makes it difficult to crack as well as it is the integral part of crypto mining because majority of Blockchain network works on Proof-of-Work."
First
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a.) Public Distributed ledger
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A. Public Distributed Ledger
Where else should I touch for the game to start?
very interesting video
Bitcoin is slow, not scalable, expensive and uses lots of energy. It's rubbish.
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Public Distibuted Legder and SHA256
"""Hello! You're absolutely right!.
Answer to the question: SHA256
"""Hello! You're absolutely right!. The answer is C - SHA256
SHA256 is the hashing algorithm used by cryptocurrency because it is computationally efficient and produces a fixed length of out for any random input which makes it difficult to crack as well as it is the integral part of crypto mining because majority of Blockchain network works on Proof-of-Work."