Blockchain In 7 Minutes | What Is Blockchain | Blockchain Explained|How Blockchain Works|Simplilearn

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Explore the concept of blockchain and understand what is blockchain with our informative video, providing insights into this revolutionary technology.
This video on Blockchain in 7 Minutesby Simplilearn will help you understand what is Blockchain and how blockchain works. In this video, you will 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. Now, let’s dive into this video and understand the basics of Blockchain and How Blockchain works.
Below are the topics we have covered in this Blockchain in 7 minutes video.
00:00 Blockchain In 7 Minutes
01:03 What are Cryptocurrencies?
01:30 What Is A Ledger?
03:13 What Is Blockchain?
05:50 How Walmart uses Blockchain?
To learn more about Blockchain, subscribe to our KZread channel: kzread.info...
Watch more videos on Blockchain: • Blockchain Tutorial Vi...
#Blockchain #Whatisblockchain #BlockChainExplained #Blockchaintutorial #Bitcoin #Blockchainonlinetraining #Blockchainforbeginners #BlockchainTechnology #Simplilearn
Simplilearn’s Blockchain Certification Training has been designed for developers who want to decipher the global craze surrounding Blockchain, Bitcoin and cryptocurrencies. You’ll learn the core structure and technical mechanisms of Bitcoin, Ethereum, Hyperledger and Multichain Blockchain platforms, use the latest tools to build Blockchain applications, set up your own private Blockchain, deploy smart contracts on Ethereum and gain practical experience with real-world projects.
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Пікірлер: 3 000

  • @SimplilearnOfficial
    @SimplilearnOfficial3 жыл бұрын

    🔥Full Stack Developer (MERN Stack): www.simplilearn.com/full-stack-developer-course-mern-certification-training?SCE-FullstackIITM&Comments& 🔥Full Stack Developer (MERN Stack): www.simplilearn.com/full-stack-developer-course-mern-certification-training?SCE-FullstackIITM&Comments& 🔥 Post Graduate Program In Full Stack Web Development: www.simplilearn.com/pgp-full-stack-web-development-certification-training-course?Blockchainscribe&Comments&

  • @anthonycarter9987

    @anthonycarter9987

    3 жыл бұрын

    D hash ac555363@gmail.com

  • @theshiningones349

    @theshiningones349

    3 жыл бұрын

    The Answer is A. Am I correct???

  • @prixkatrish3367

    @prixkatrish3367

    3 жыл бұрын

    GOD BLESS SHEWENHACKS ON TELEGRAM THEY ARE THE BEST I CONFIRMED 10BTC AND GOT MY WITHDRAWAL SUCCESSFULL WITHOUT ANY ISSUES OR IRRELEVANT CHARGES

  • @irprod.5581
    @irprod.55813 жыл бұрын

    Can we just appreciate how this guy has almost a million subscribers and has the time to reply to every comment. Props to you man!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!

  • @muhammadmasterminders

    @muhammadmasterminders

    3 жыл бұрын

    @IR Prod That is called humility.

  • @dibyajyothimishra6369

    @dibyajyothimishra6369

    3 жыл бұрын

    He is using block chain tech 😂

  • @airplayrule

    @airplayrule

    3 жыл бұрын

    some of his replies look copy/pasted

  • @bhoot1702

    @bhoot1702

    3 жыл бұрын

    He's using bots bro

  • @user-lf9ro2ly4i
    @user-lf9ro2ly4i6 ай бұрын

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

  • @RobSwizz1e
    @RobSwizz1e2 жыл бұрын

    I've listened to several podcasts and multiple videos, and so far, this one was the best example for how I was able to finally understand block chain. Really appreciate the video, thank you!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad you enjoyed it!

  • @dpayneless
    @dpayneless3 жыл бұрын

    I've watched several videos about blockchain but this one made me really understand how it works - thanks!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Glad it was helpful! Thank you for watching!

  • @nextdecademinerssupport8242

    @nextdecademinerssupport8242

    2 жыл бұрын

    Thank me later

  • @judyscott8652

    @judyscott8652

    2 жыл бұрын

    I watched several videos about blockchain but can you make me to understand about the blackchin

  • @SimplilearnOfficial
    @SimplilearnOfficial5 жыл бұрын

    Please share your feedback below and don't forget to attempt the quiz at 05:19 (by commenting your email id and answer) to be one of three winners who can win amazon vouchers worth Rs.500 or $10 (depending on your location). We will give out the answer and announce the winners on Monday, 11th March 2019 in this same comment! Happy Learning!

  • @Cardioak

    @Cardioak

    5 жыл бұрын

    Simplilearn Email: baygald@yahoo.com Answer: hash encryption

  • @SimplilearnOfficial

    @SimplilearnOfficial

    5 жыл бұрын

    Hi, thanks for your reply! We will give out the answer to the quiz on Monday, 11th March 2019. If your answer is right, you could be one of the 3 lucky winners to grab Rs 500 or $10 worth Amazon voucher. Stay Tuned!

  • @adeeba8423

    @adeeba8423

    5 жыл бұрын

    Option A

  • @vartikarana5378

    @vartikarana5378

    5 жыл бұрын

    Email: vartikarana2000@gmail.com Ans: Hash encryption

  • @SimplilearnOfficial

    @SimplilearnOfficial

    5 жыл бұрын

    Hi Adeeba, thanks for your reply! However, without your email id, we won't be able to give you the prize and neither would your answer be counted as valid. So comment your email id down below now to get back in the contest!

  • @DailyRicotine
    @DailyRicotine2 жыл бұрын

    Thank you for breaking it down in a 7minute video and keeping it entertaining I didn’t fully understand it before !

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad it was helpful!

  • @jacobmunoz4373
    @jacobmunoz43733 жыл бұрын

    Thank you for so such a simple, in depth, and fun video!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Glad it was helpful!

  • @InSearchOfForever
    @InSearchOfForever4 жыл бұрын

    Expensive dinner!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    4 жыл бұрын

    Hehe! True that!

  • @aandm7772

    @aandm7772

    3 жыл бұрын

    hahahahahha

  • @billlyque3105

    @billlyque3105

    3 жыл бұрын

    Hahaha

  • @jomniharuna7237

    @jomniharuna7237

    2 жыл бұрын

    Yes that's true

  • @clarajoe4052

    @clarajoe4052

    2 жыл бұрын

    Bitcoin is really profitable at this stage.

  • @Cindy-es4ob
    @Cindy-es4ob2 жыл бұрын

    Finally! I've watched several videos and this is the only one I actually understand. Thank you so much

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    You're welcome!

  • @testme5337

    @testme5337

    2 жыл бұрын

    Hit me up

  • @farrukhrafiq1102
    @farrukhrafiq11023 жыл бұрын

    absolutely brilliant video. you have explained it in a way that makes it super easy to understand

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Glad it was helpful!

  • @wbRosario
    @wbRosario10 ай бұрын

    2 btc each for dinner nowadays 😂

  • @SimplilearnOfficial
    @SimplilearnOfficial5 жыл бұрын

    Blockchain is changing every industry. Be the first mover and kick-start you career with our latest Blockchain Career Guide. Comment below for your copy. Hi everyone, exactly two weeks ago, we conducted a quiz contest in our Blockchain video. The answer to the quiz is given below: Option: A (Public 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. Hash Encryption is not the right answer as this is used to maintain users' anonymity and verify their transactions' authenticity. We are pleased to announce the 3 lucky winners who got the right answer for our quiz: 1. Dinesh 2. Noel Philip 3. Vaishnavi Congratulations to all the winners! They've won an Amazon voucher worth INR 500.

  • @Bamir96

    @Bamir96

    5 жыл бұрын

    So someone can alter the data, it would just be pointless? Correct me if I am wrong but this does not strictly answer what prevents alteration - if your answer relies on people flagging the now altered data....

  • @SimplilearnOfficial

    @SimplilearnOfficial

    4 жыл бұрын

    @@Bamir96 In a way, yes, it depends on the people on the network. But as of now, the concern of the data being altered isn't one we need to worry about since it's never been done. More importantly, the process of altering the data within a block is one that requires a lot of processing power, and by the time this hypothetical process is fulfilled, a new block would have been added to the blockchain. This would render the whole alteration pointless.

  • @FloresVi

    @FloresVi

    4 жыл бұрын

    @@SimplilearnOfficial Furthermore, if by any chance one of the participants successfully alters the Public Ledger, then surely the majority of the participants (51%) will loose confident in the network and the investment value will sharply decline.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    4 жыл бұрын

    You are right. Thanks for your valuable input!

  • @apollolwi5370

    @apollolwi5370

    4 жыл бұрын

    Hello, I'd like to know what to write on the address 1 and 2 and what kind of postal code it shld be wen setting up Blockchain?

  • @poojagupta3296
    @poojagupta32965 жыл бұрын

    This is an amazing explanation of blockchain, thank you so much Simplilearn! I have shared this with all my friends. Kudos to the effort you guys put in

  • @SimplilearnOfficial

    @SimplilearnOfficial

    5 жыл бұрын

    Hi Pooja, thanks for the kind compliment. Do subscribe to our channel and get our new video updates directly into your email. If you have any questions related to these videos, you can post in the comments section, we will clear your queries/doubts.

  • @candyfloss184

    @candyfloss184

    2 жыл бұрын

    Thank you 🙏

  • @muhammadmasterminders
    @muhammadmasterminders3 жыл бұрын

    You're unbelievable! I'm subscribing immediately! Thanks for the enlightenment.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Welcome aboard!

  • @michaelmitchell155
    @michaelmitchell1553 жыл бұрын

    I was looking for a stripped down explanation of blockchain, and found it here. I get it at it's core. Thank you so much. You're right, that was one expensive meal.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Thank you for the appreciation. You can check our videos related to various technologies and subscribe to our channel to stay updated with all the trending technologies.

  • @Monica-70
    @Monica-702 жыл бұрын

    This topic gave me a headache and with your demonstration, I completely understand now, how this works. Thank you!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    You're very welcome!

  • @ajaysukhdial4379
    @ajaysukhdial43793 жыл бұрын

    The best explanation for a novice that I've seen to date. Kudos to the creators if this video!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    We are glad you found our video helpful, Ajay. Like and share our video with your peers and also do not forget to subscribe to our channel for not missing video updates. We will be coming up with more such videos. Cheers!

  • @devpakhring8989

    @devpakhring8989

    2 жыл бұрын

    I

  • @lizamathur3748
    @lizamathur37482 жыл бұрын

    I am completely new to the concept of blockchain.. and even bitcoin... I just thought that I won't be able to understand this.. but thanks to this video... this is the first video I watched for understanding what is blockchain and I have understood 100% of the information given in this video.. thanks to your channel. Keep it up.. 🙂

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    We are glad you found our video helpful. Like and share our video with your peers and also do not forget to subscribe to our channel for not missing video updates. We will be coming up with more such videos. Cheers!

  • @choudhurymaqsurat2035
    @choudhurymaqsurat20352 жыл бұрын

    Just amazingly described ... I wonder how much beneficial this technology is going to be! Thanks for making me understanding the initial knowledge of Blockchain..

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Our pleasure. Happy to help!

  • @jayxcrypto4898
    @jayxcrypto48982 жыл бұрын

    The knowledge I just acquired is a billion times more than the Amazon gift card. Keep the good work. Nice tips for entrepreneur and coders

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad it was helpful!

  • @testme5337

    @testme5337

    2 жыл бұрын

    Hit me up

  • @wytdo99
    @wytdo994 жыл бұрын

    Solid Video! I have to learn about blockchain for a class of mine and this couldn't have helped more! Thank you all so much!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    4 жыл бұрын

    Hello, thank you for appreciating our work. We are glad to have helped. Do check out our other tutorial videos and subscribe to us to stay connected. Cheers :)

  • @BlessedOmid
    @BlessedOmid3 жыл бұрын

    Thank you for your lucid video. Was really helpful for figuring out what blockchain is and how it works.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Glad it was helpful!

  • @williecharles5098
    @williecharles50983 жыл бұрын

    I appreciate this video This is exactly what I need as motivation.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Glad it was helpful!

  • @eugenewilliams920
    @eugenewilliams9203 жыл бұрын

    Thanks for that simple, complete, understandable explanation. Will be sure to share it with my friends..

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Glad it was helpful!

  • @victorstephen9404

    @victorstephen9404

    2 жыл бұрын

    I really need to know more about blockchain

  • @babuOOabc
    @babuOOabc4 жыл бұрын

    miners part i didnt understand pls explain how does miner validate the criptografy. and why this is specially need in cryto currect crypto does all cryptografy need so much processing power? bit coin transaction will be slow to?

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!

  • @NewHorizonsjules
    @NewHorizonsjules Жыл бұрын

    fantastic video, it explained EVERYTHING PERFECTLY. THANK YOU❤❤❤❤❤❤

  • @SimplilearnOfficial

    @SimplilearnOfficial

    Жыл бұрын

    Hello thank you for watching our video .We are glad that we could help you in your learning !

  • @aymaneelhoudaigui
    @aymaneelhoudaigui2 жыл бұрын

    After many researches you are the one who explained the blockchain to me ! Thank you

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad it was helpful!

  • @sawsix1823
    @sawsix18233 жыл бұрын

    Thanks for that explanation. I’m going to watch it again. I recently started investing in cryptocurrency and I was unfamiliar with all the terminology. Your brief explanation opened my eyes more to the future of blockchain technology.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Glad it was helpful! Thank you for watching!

  • @jaredwii123

    @jaredwii123

    2 жыл бұрын

    How did it go?

  • @agraniabha6151
    @agraniabha61513 жыл бұрын

    This is the most informative video I've ever watched !

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!

  • @JordanAlexochannel
    @JordanAlexochannel2 жыл бұрын

    Finally starting to understand this a bit more. It has been a slow process, need to rewatch it again. Thanks!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Keep learning with us .Stay connected with our channel and team :) . Do subscribe the channel for more updates : )

  • @SayzChannel
    @SayzChannel2 жыл бұрын

    Now I understand what is Blockchain

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Great to hear that Simplilearn is helping you learn better .

  • @TheAexo
    @TheAexo4 жыл бұрын

    Very clear explainations! Good.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    4 жыл бұрын

    Greetings! Thank you for your kind words. Spread the word by liking, sharing and subscribing to our channel! Cheers :). You can also explore our playlists for more Blockchain: kzread.info/dash/bejne/q6mW3KywYNjPdZc.html.

  • @ajaxp7176
    @ajaxp71762 жыл бұрын

    Best explanation video so far. I just wished that there will be an in-depth discussion on the mining part. But all in all, this is great. Will definitely recommend this one to my friends. Thanks

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad it was helpful!

  • @welexteamblockchain661
    @welexteamblockchain6612 жыл бұрын

    Never seen an explanation this detailed, nice work you doing here your videos have really helped me

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Awesome, thank you!

  • @stocksandblocks9661
    @stocksandblocks96614 жыл бұрын

    Our mission is to inform people about bitcoin. You are doing a great job!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    4 жыл бұрын

    WooHoo! We are so happy you love our videos. Please do keep checking back in. We put up new videos every week on all your favorite topics. Whenever you have the time, you must also check out our blog page @simplilearn.com and tell us what you think. Have a good day!

  • @abhiramp1067
    @abhiramp10674 жыл бұрын

    Like a station wise assembly in a manufacturing company. Every station has certain work they have to follow . Each station is regularly checked .

  • @SimplilearnOfficial

    @SimplilearnOfficial

    4 жыл бұрын

    Nice example!

  • @sufyanarif2577

    @sufyanarif2577

    3 жыл бұрын

    And they are rewarded bitcoins.

  • @Onz.m
    @Onz.m9 ай бұрын

    You’re method of explanation is supreme thank you so much i watched others but yours nailed it !

  • @shubobtv
    @shubobtv3 ай бұрын

    Just came across your channel. Exactly what i wanted. Simple to the point and clear. Thank you so much!

  • @celiwemalindi
    @celiwemalindi3 жыл бұрын

    Thank you for the explanation. It is very easy to understand.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    You are welcome! Thanks for watching!

  • @Nftss-ep2kr
    @Nftss-ep2kr3 жыл бұрын

    Looking at this I would say blockchain is definitely the future

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    True that!

  • @SweetPeachannel

    @SweetPeachannel

    3 жыл бұрын

    yesss

  • @BlackMambaInland
    @BlackMambaInland2 жыл бұрын

    Wow.. Such a simple way to understand blockchain. Kudos to this guy. ❤️

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad you liked it

  • @115-mayurisadaphal5
    @115-mayurisadaphal52 жыл бұрын

    Thank you sir!.. Truly non technical student could also have a fast learning by your videos in simple form

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    You are most welcome

  • @sara104015
    @sara1040154 жыл бұрын

    Hi, I have a test on business disruptive technology tomorrow and I would like to know about P2P network in an easy way and how to illustrate or draw a diagram for an example for blockchain.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    4 жыл бұрын

    Hi Sara, you can refer to our Blockchain 101 video where we have used an example and explained the P2P network in a simple way: kzread.info/dash/bejne/iXdrm5aCp7LbfJM.html.

  • @jabibgalt5551
    @jabibgalt55513 жыл бұрын

    I get bitcoin now, but when I didn't, I wish I had this video to explain what bitcoin and the technology behind it (blockchain) are. Thank you so much.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Hey Jabib, thank you for appreciating our work. We are glad to have helped. Do check out our other tutorial videos and subscribe to us to stay connected. Cheers :)

  • @chaitanyakrishna707
    @chaitanyakrishna7072 жыл бұрын

    This is the best Blockchain explanation video on KZread. This cleared all my doubts. Thank you.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad it was helpful!

  • @meenakshiraman25
    @meenakshiraman252 жыл бұрын

    What an explanation!! Clearly understood.Thank you sir✨

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Most welcome!

  • @Anna-sj4ut
    @Anna-sj4ut2 жыл бұрын

    Clear and concise explanation; you're a great teacher! If I may suggest something, is have the answer(s) to your quiz in the details section?

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    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.

  • @ittoakimbo
    @ittoakimbo3 жыл бұрын

    The answer is A, good explanation, I think I’m starting to get what blockchain is, many thanks

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    "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. "

  • @ittoakimbo

    @ittoakimbo

    3 жыл бұрын

    @@SimplilearnOfficial I know, im just interested and somewhat intrigued with the technology, thanks for the great explanation

  • @georgeevreniadis2377
    @georgeevreniadis23772 жыл бұрын

    great description of blockchain not only for cryptocurrency but very very very interesting description for applications in the logistics and supply chain industry. Many thanks, you have given me so many great ideas....

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad it was helpful!

  • @nailsthatstunt3665
    @nailsthatstunt36652 жыл бұрын

    I almost gave up on my curiosity of blockchain glad I watched your video. Now I get it. 😊 Thanks.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad it was helpful!

  • @TheLally7
    @TheLally73 жыл бұрын

    Question, so what happens in the time it takes for someone to validate your transaction, ie, the miner? Are we talking few seconds or hours?

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Hi, Simplilearn provides online training across the world. We would be happy to help you regarding this. Please visit us at www.simplilearn.com and drop us a query and we will get back to you! Thanks!

  • @nitsujanimations7212
    @nitsujanimations72122 жыл бұрын

    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. but what if all of the people alter the ledger ? is that possible?

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    "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. "

  • @HDsignatures
    @HDsignatures2 жыл бұрын

    Wow, this is such an eyeopener, where the world is heading to, i am really happy i came across your video, your explanation are soooo beginners and very understandable. Thank you

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad it was helpful!

  • @mdanarul9629
    @mdanarul96292 жыл бұрын

    This is an amazing explanation of blockchain, thank you so much Simplilearn! I have shared this with all my friends.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Much appreciated!

  • @amolthikane
    @amolthikane4 жыл бұрын

    Nice video, concept made easy to understand. Blockchain technology can be used wherever there is work or process flow to correctly identify source of issue.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    4 жыл бұрын

    Hey Amol, thank you for watching our video. We are glad that you liked our video. Do subscribe and stay connected with us. Cheers :)

  • @69k_gold
    @69k_gold2 жыл бұрын

    Our uni recommends this channel as an official source of self-education

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Keep learning with us .Stay connected with our channel and team :) . Do subscribe the channel for more updates : )

  • @namatullahyousafi
    @namatullahyousafi2 жыл бұрын

    The answer to the question is option A. Thank you for your simple explanation about Blockchain. İ am a Math and İT teacher. İ am sharing your vid with my students as well.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    "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. "

  • @DigitalTokenTechnology
    @DigitalTokenTechnology2 күн бұрын

    This was educational .. thanks for sharing with everyone!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 күн бұрын

    We are glad you found our video helpful. Like and share our video with your peers and also do not forget to subscribe to our channel for not missing video updates. We will be coming up with more such videos. Cheers!

  • @swapnilchauhan966
    @swapnilchauhan9664 жыл бұрын

    Amazing explanation... Really Loved It. Thank You!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    4 жыл бұрын

    Hey Swapnil, thank you for appreciating our work. We are glad to have helped. Do check out our other tutorial videos and subscribe to us to stay connected. Cheers :)

  • @user-cq4jj7rn8q
    @user-cq4jj7rn8q3 жыл бұрын

    See this is great bc it gives me an initial scenario versus just starting into a blockchain definition. Thank you!!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!

  • @dee_giah001
    @dee_giah001 Жыл бұрын

    This video is really comprehensive and the best video that really explains blockchain and am able to understand the concept behind it, thumbs up for a great job.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    Жыл бұрын

    Glad it was helpful!

  • @malaychakrabortty5079
    @malaychakrabortty50793 жыл бұрын

    Thanks for the video, it's informative & concise...Answer is option-A (Public Distributed Ledger)

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    "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. "

  • @pussycla
    @pussycla2 жыл бұрын

    Best blockchain explanation on KZread. Thank you

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad it was helpful!

  • @yusrashahina3444
    @yusrashahina34443 жыл бұрын

    You guys have elaborated it very nicely keep adding such content to your channel. Looking forward for more such videos P. S:answer is hashing algorithm

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Sure 😊

  • @kyawphyolwin4137
    @kyawphyolwin41372 жыл бұрын

    Thank you. This video explains a lot and it's very easy to understand.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad it was helpful!

  • @testme5337

    @testme5337

    2 жыл бұрын

    Hit me up

  • @harshitbhangre
    @harshitbhangre8 ай бұрын

    Thank you, the session was amazing 🤩

  • @behroozsayah1679
    @behroozsayah16795 жыл бұрын

    The best answer would be A. Because everyone know about the numbers and you can realized and find out the problem.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    5 жыл бұрын

    Hi Behrooz, thanks for your reply! However, without your email id, we won't be able to give you the prize and neither would your answer be counted as valid. So comment your email id down below now to get back in the contest!

  • @meenakshijha9281
    @meenakshijha9281 Жыл бұрын

    Fruitful video with time saving and better understanding! 🌺

  • @SimplilearnOfficial

    @SimplilearnOfficial

    Жыл бұрын

    Glad it was helpful!

  • @anshul9680
    @anshul96802 жыл бұрын

    I have been searching for days an easy explanation of Blockchain technology. Thankyou

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Hello thank you for watching our video .We are glad that we could help you in your learning !

  • @Khannauman3198
    @Khannauman31982 жыл бұрын

    I have a doubt regarding the block chain, that what is the relation between python and blockchain and if we use python to create a blockchain then which type of blockchain python create ?

  • @karthik6278
    @karthik62783 жыл бұрын

    Public distributed ledger.. And thank for this video ☺

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    "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. "

  • @ritc1839

    @ritc1839

    3 жыл бұрын

    Surely the answer is public Distributed Ledger.

  • @562prabhassatti2

    @562prabhassatti2

    3 жыл бұрын

    Public distributed ledger

  • @e4s7
    @e4s73 жыл бұрын

    I'm quite new into the Blockchain technology, and I have a question on the part where you say "public distributed ledger", where all Phil's friends have a copy of the ledger and know how much bitcoin Phil has left (1 bitcoin left at minute 2:56). In this case, does it mean people who have a common copy of your ledger will always know how much "money" (bitcoin for example) you have in your account? Apologies if it is a dumb question, kinda new here 😅

  • @aadiluddin

    @aadiluddin

    3 жыл бұрын

    The ledger (blocks) are encrypted, so no one can see how much Phil has in his account.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    They would, but they would also have to know Phil's wallet address. Without out, they wouldn't know how much money he has. Thank you for watching!

  • @sheetaluniyal8605
    @sheetaluniyal86052 жыл бұрын

    Finally, I got this ! You made this easy thank you.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad it helped!

  • @vijaym1906
    @vijaym19063 жыл бұрын

    You make complex topics sound easy. I've subscribed your channel on just watching 2 videos. Thanks a ton. Appreciate if you can make a video on Ripple

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Thanks for the sub!

  • @SandeshMotoVlogs
    @SandeshMotoVlogs3 жыл бұрын

    Omg even a new born baby would understand this!!

  • @mehdikaoukab2920
    @mehdikaoukab29202 жыл бұрын

    7minutes but it resumed hours of studies... thank you

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Keep learning with us .Stay connected with our channel and team :) . Do subscribe the channel for more updates : )

  • @sarfarazsurkhi557
    @sarfarazsurkhi5572 жыл бұрын

    I have a question Blockchain developers should know the coding or no ? If they should know the coding, which coding is required ?

  • @ingokramer4415
    @ingokramer44152 жыл бұрын

    Success is about focusing Your energy on what creates results and using what you already know

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!

  • @munimmorshed5742
    @munimmorshed57425 жыл бұрын

    D; hash encryption

  • @SimplilearnOfficial

    @SimplilearnOfficial

    5 жыл бұрын

    Hi Munim, thanks for your reply! However, without your email id, we won't be able to give you the prize and neither would your answer be counted as valid. So comment your email id down below now to get back in the contest!

  • @nicolasleo5572
    @nicolasleo5572 Жыл бұрын

    Very interesting content, i would also be glad if anyone here can explain a few things for me, this is 2022 and I believe it's my time to invest and shine for a better future

  • @SimplilearnOfficial

    @SimplilearnOfficial

    Жыл бұрын

    Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!

  • @stevehenry9826
    @stevehenry98262 жыл бұрын

    Vary interesting. I was talking to one of my freinds who is up alot on the tech of the future. I was asking him about Bitcoins and that's when he also mention Blockchain but he had to get back to work so he did not have time to explain. Your video cover it vary well. Excellent video!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!

  • @nomoremrniceguy007
    @nomoremrniceguy0072 жыл бұрын

    Huge thank you for clearing that up for me.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Glad to help!

  • @abhishekjha6661
    @abhishekjha66613 жыл бұрын

    A. public distributed ledger is the concept of blockchain.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    "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. "

  • @JambalaX
    @JambalaX3 жыл бұрын

    Perfect for a quick understanding of the concept before deep-diving into it. I was wondering in relation to the Walmart example if blockchain also describes the system of tracking damage when engaging in carsharing. Hereto, when you take pictures and note potential damage to the car before and after use, for the company to track when the damage to the car has occurred?

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!

  • @jesusyrosnowin7333
    @jesusyrosnowin73333 жыл бұрын

    i went through many sites,vds but only you solved my answers . GREAT APPLAUSE TO U MAN :):):):):):)

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Hi, Simplilearn provides online training across the world. We would be happy to help you regarding this. Please visit us at www.simplilearn.com and drop us a query and we will get back to you! Thanks!

  • @Firedragon-wm6bq
    @Firedragon-wm6bq2 жыл бұрын

    You saved me for my project thank you so much!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    You're welcome!!

  • @iwin4985
    @iwin49853 жыл бұрын

    So what happens when the last bitcoin is issued to a miner for "proof of work". How will they get paid after that? Will they have to keep mining for free?

  • @BueSoftVideos

    @BueSoftVideos

    3 жыл бұрын

    They'll be mining for a fee? A percentage of the transaction amount?

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    They'll mine for a fee from the community. The community would still own all the bitcoins produced until that moment. Thank you for watching!

  • @fahadfarooq155
    @fahadfarooq1555 жыл бұрын

    Public Distributed Ledger and Encryption both are the answers I guess.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    5 жыл бұрын

    Hi Fahad, thanks for your reply! However, without your email id, we won't be able to give you the prize and neither would your answer be counted as valid. So comment your email id down below now to get back in the contest!

  • @OnlyTop10ss
    @OnlyTop10ss3 жыл бұрын

    Great video, very simple and easy ways to explain and understand blockchain. Thank you!!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Glad it was helpful!

  • @andreaingram5853
    @andreaingram58532 жыл бұрын

    answer: a: Public distributed ledger, see why it uses lots of electricity since everyone has a copy. Thanks for the explanation.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    "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. "

  • @reenathakur3073
    @reenathakur30734 жыл бұрын

    It's amazing...... Blockchain is very safe for transitions

  • @SimplilearnOfficial

    @SimplilearnOfficial

    4 жыл бұрын

    True that!

  • @shabarishgudisi5456
    @shabarishgudisi54565 жыл бұрын

    I saw your video today and I am sad as I couldn't participate in the quiz ☹️

  • @SimplilearnOfficial

    @SimplilearnOfficial

    5 жыл бұрын

    Hey Shabarish, don't worry! We have more quizzes coming soon! Stay tuned by subscribing to our channel! :)

  • @shabarishgudisi5456

    @shabarishgudisi5456

    5 жыл бұрын

    @@SimplilearnOfficial i have subscribed on the 1st day i saw this cryptocurrency video of yours

  • @aroopmukherjee951
    @aroopmukherjee9512 жыл бұрын

    Blockchain can be used in production areas like steel and power plants. It will help them in development and transition of built in quality product

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!

  • @koomilawak3252
    @koomilawak32522 жыл бұрын

    Crypto currency and blockchain should be teach in every schools in the world.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!

  • @jaypeters4852
    @jaypeters4852 Жыл бұрын

    jack is balling

  • @Tonchbonoan
    @Tonchbonoan3 жыл бұрын

    Hi! Thanks for the video. I think the answer isn't public distributed ledger, but instead it is proof of work or proof of stake depending on the type of coin/network being used. In a public distributed ledger, the data can actually be altered because of the rule of majority. So if a majority of the group of users decide to be fraudulent and make a even longer list of blocks in the blockchain, then the network will consider that to be correct as it deems that whetever is longer is correct. In this scenario, they can make changes to the data in the blocks. If the question was "what is the concept of blockchain that ensures data cannot be altered by any SINGLE user within the network, then the answer could be public distributed ledger since 1 persons work will not outwork the majority of the people who are validating blocks using proof of work/stake. Id say the closest answer is proof of work/stake as it is a way of validating blocks in the block chain. Once a block is validated, then it becomes permanent. Would you agree? Thanks!

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    "Hi, we are sorry to say that you got the wrong answer but in any case, we are glad seeing your participation in the contest. The correct answer is 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. "

  • @Tonchbonoan

    @Tonchbonoan

    3 жыл бұрын

    @@SimplilearnOfficial hi thanks for the response! Yes, no SINGLE person can make a difference. But the question stated that users cannot make a difference which is wrong cause they actually can if they gain majority of the users. If you put the words no single user can, then that would be correct. But that is not the case in the question so the closest answer is proof of work.

  • @omisanyaabdulfattah6638
    @omisanyaabdulfattah66382 жыл бұрын

    Answer is hash encryption I love this video and it really give me a good understanding on blockchain

  • @SimplilearnOfficial

    @SimplilearnOfficial

    2 жыл бұрын

    "Hi, we are sorry to say that you got the wrong answer but in any case, we are glad seeing your participation in the contest. The correct answer is 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. "

  • @karthikrk3149
    @karthikrk31493 жыл бұрын

    Just Loved the way you explained Brother.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Thanks a ton

  • @mortaltoxic6688
    @mortaltoxic66883 жыл бұрын

    the video seems to be very useful for the future generation.

  • @SimplilearnOfficial

    @SimplilearnOfficial

    3 жыл бұрын

    Glad you think so!

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