Lecture 1: History of Blockchain Technology

History of Blockchain Technology
- History of digital currency and blockchains
- Problems with previous implementations
- Chaum’s ecash, Adam Back’s hashcash, Szabo’s bitgold, etc.

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?

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Blockchain in 3 Minutes | What is Blockchain | How Blockchain Works - Simply Explained | Edureka

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This blockchain video by Edureka will help you understand What is Blockchain, basic concepts of Blockchain Technology and how Blockchain works. You will learn how ...
Bitcoin's Blockchain solves the issues in the current banking system. You will understand Blockchain concepts like Distributed Network, Private Key Cryptography and Proof Of Work in Bitcoin. You will also learn how Blockchain is being used in the industry through real-life Use Cases in Transportation, Governance and Business.

For doubts & queries on Blockchain, post the same on Edureka Community: https://www.edureka.co/community/blockchain

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3. At the end of the training you will be working on a real time project for which we will provide you a Grade and a Verifiable Certificate!

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About the Course

Edureka's Blockchain course is designed to introduce you to the concept of Blockchain and explain the fundamentals of Blockchain and bitcoin. Blockchain course will provide an overview of the structure and mechanism of blockchain. As a beginner, you will be learning the importance of consensus in transactions, how transactions are stored on Blockchain, history of bitcoin and how to use bitcoin. Furthermore, you will be taught about the Ethereum platform and its programming language. You will setup your own private Blockchain environment using Ethereum. Also, you will develop a smart contract on private Ethereum Blockchain and will be deploying the contract from web and console. The course is fed with various use-cases and examples, which makes the learning more interesting.

After completing this Course, you should be able to:

1. Comprehend the cryptography and cryptocurrency concepts
2. Encompass the concept of Blockchain
3. Understand the importance of Blockchain Technology
4. Have a deep insight into Bitcoin and its network
5. Perceive, how Bitcoin transactions are validated by miners
6. Create and use Bitcoin account effectively
7. Understand Ethereum Blockchain
8. Learn Solidity: Prominent language to develop smart contracts
9. Deploy your private Blockchain on web where you can visually see your chains
10. Send transactions between nodes
11. Develop more than one nodes on same Blockchain
12. Making your own cryptocurrency
13. Discuss the compelling use-cases of the Blockchain
14. Interpret the prospects of Blockchain
15. Assess, how Blockchain can improve your business standards.

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Who should go for this course?

Anyone having basic programming knowledge and has a zeal to learn new technology can take up the course. Students and professionals aspiring to make a career in the Blockchain technology should opt for the course.

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Why learn Blockchain?

Blockchain is a revolutionary technology. It is an ordered back linked-list data structure of blocks of transactions stored in a decentralized peer- to-peer network. It is the underlying infrastructure for bitcoin, a popular cryptocurrency. In near future, many companies will be adopting Blockchain technologies for trading publicly. Apart from bitcoin, it can be used for a wide variety of applications such as tracking ownership, digital assets, physical assets, or voting rights. It can also store and run computer code called ‘smart contracts’. However, Blockchain is still new and the communities are still exploring the best ways in which it can be used.

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