VIDEO

What is blockchain?

Blockchain
History of Blockchain

Digital timestamps
like a notary!
 Bitcoin ≠ blockchain

Is an application of Is the underlying data structure,

blockchain technology which can be used for many
things, including cryptocurrencies

Is an application of
blockchain technology
 How does blockchain work
There are three parts of a block
Data

Hash
Hash of previous block
 Data

Data From:

To :

Amount:

Bitcoin Block Example

Hash

Hash
360247bmh78bfyj976vh7
 Hah of previous block

1 2 3

Hash :1Z8F Hash :6BQ1 Hash :3H4Q

Previous Hash: 0000 Previous Hash: 1Z8F Previous Hash: 6BQ1
Proof of Work
Slow and steady

10 minutes
P2P Network
Peer to Peer Network

New block
Is possible to hack blockchain?
Uses of blockchain