Understanding Blockchain Technology

What are smart contracts and what do they have to do with blockchains and cryptocurrencies? Well, let's find in plain English!

Blockchain, crypto and the other technologies that power Web3 promise a world in which governance over data is decentralized. No central bank altering rates, no bank charging fees, no title company controlling ownership. However, the decentralization implicit in Web3 creates problems with modern privacy laws. Who is the controller in Bitcoin? How can I request that my purchase history of Dogecoin is deleted when the blockchain is designed to be immutable? Does the record of an NFT purchase constitute personal information?

The nonfungible token markets posted nearly $40 billion in sales in 2021. Jones Day financial markets partner Mark Rasmussen explains what NFTs are, and how a coding standard that proves authenticity turned into an art and collectible digital market.

Regulation is a bit of a scary word in the world of crypto right now. But is all regulation actually bad for crypto? And how are the biggest economies like America, China, and the EU regulating crypto?

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.