How Does Blockchain Work? | 1-Minute Guide to Blockchain Technology
ever pondered over the workings of blockchain technology in just 60 seconds let’s simplify it blockchain a digital Ledger logs transactions in blocks linked to form a chain each block contains data a hash and the hash of the last block unlike ledgers blockchain is decentralized spread across multiple computers or nodes this decentralization increases its security as any changes need approval from the majority of nodes blockchain isn’t just digital it has real world applications it forms the basis of cryptocurrencies like Bitcoin and ethereum and enables smart contracts nfts and more its transparency and high security make it valuable across various sectors to delve deeper into blockchain and cryptocurrencies ensure you subscribe to helic crypto and ring the notification Bell for more concise and enlightening videos
Welcome to HeliCrypter! In this 1-minute guide, we explain how blockchain technology works. Learn how transactions are recorded in blocks and linked together in a chain, creating a secure and decentralized digital ledger. Blockchain is the foundation of cryptocurrencies like Bitcoin and Ethereum, and it’s also used for smart contracts, NFTs, and more.
If you found this video helpful, please like, comment, and subscribe to our channel for more quick and informative videos about cryptocurrencies and blockchain. Don’t forget to hit the notification bell to stay updated with the latest trends!
Add A Comment