What Is The Blockchain? CryptoCandor
Welcome to this blockchain educational video by CryptoCandor. In this episode Alex talks about - what is the Blockchain?
Bitcoin (the first cryptocurrency) and most other cryptocurrencies are based on blockchains, otherwise referred to as distributed ledger technology (DLT). These distributed ledgers record every transaction made on their network, while simultaneously making the transactions available to all users to review. Transactions are approved when nodes on the network verify the transactions through solving a complex mathematical equation. This is known as proof of work. A new block is created which has the hash of the previous block.
Learn more about blockchains by viewing the video above and by checking out the guide below.
Guide to Understanding Blockchain and Cryptocurrencies
Crypto Session 1 | Blockchain and Crypto Terms You Should Know
Crypto Session 2 | Blockchain Technology Explained + Use Cases
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