😮Blockchain is not Bitcoin, but a technology that enables the transfer of digital assets
🔒Blockchain uses an open ledger, accessible to everyone, ensuring transparency and trust
⛏️Miners validate transactions and add them to the blockchain, ensuring security
🌐Blockchain is a distributed ledger, eliminating the need for a central authority
🌟Blockchain is revolutionizing the way we transfer money, making it faster, cheaper, and more accessible
What is the difference between Bitcoin and blockchain?
—Bitcoin is a digital currency, while blockchain is the technology that enables the transfer of digital assets.
How does blockchain ensure security?
—Blockchain uses encryption, consensus algorithms, and the decentralized nature of the network to ensure the security of transactions.
Who validates transactions in blockchain?
—Miners validate transactions by solving complex mathematical puzzles, ensuring the integrity of the blockchain.
What are the benefits of a distributed ledger?
—A distributed ledger eliminates the need for a central authority, increases transparency, and reduces the risk of fraud or manipulation.
How is blockchain revolutionizing money transfer?
—Blockchain enables faster, cheaper, and more secure money transfer, eliminating the need for intermediaries and reducing transaction costs.
00:00In this video, we demystify blockchain and explain its core principles.
03:40Blockchain uses an open ledger accessible to everyone, ensuring transparency and trust.
08:00Miners validate transactions and add them to the blockchain, ensuring security.
11:55Blockchain is a distributed ledger that eliminates the need for a central authority.
13:30Blockchain revolutionizes money transfer, making it faster, cheaper, and more accessible.
