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What is a Blockchain?

What is a Blockchain?

Now that you know what Bitcoin is, let’s take a look at how it works. In this chapter, we will explain Blockchain technology, the key innovation that differentiates Bitcoin from previous digital currencies.

Learning Objective

Understand that Bitcoins enormous potential is based in its distributed ledger technology, the Blockchain.
Have a basic knowledge about how Blockchain technology works.
Know why Bitcoin has not yet been hacked.

The Bitcoin network and the Blockchain

2 minutes Youtube Video by dacade
In this video we will introduce the Bitcoin network, ledgers and Blockchains.

A Bitcoin transaction

5 minutes Youtube Video by dacade
In this video we are following the path of a Bitcoin transaction and explaining how this new transaction is stored on the Blockchain.

Frequently asked questions

3 minutes Youtube Video by dacade
In this video we are looking into the consensus mechanism of the network and how an attack on Bitcoin would potentially look.