🔥Professional Certificate Program in Blockchain by IIT Kanpur (India Only) - www.simplilearn.com/blockchain-certification-training-course?Jw0uiE4&Comments&UA-cam
I've listened to several podcasts and multiple videos, and so far, this one was the best example for how I was able to finally understand block chain. Really appreciate the video, thank you!
I am completely new to the concept of blockchain.. and even bitcoin... I just thought that I won't be able to understand this.. but thanks to this video... this is the first video I watched for understanding what is blockchain and I have understood 100% of the information given in this video.. thanks to your channel. Keep it up.. 🙂
We are glad you found our video helpful. Like and share our video with your peers and also do not forget to subscribe to our channel for not missing video updates. We will be coming up with more such videos. Cheers!
The answer to the question is option A. Thank you for your simple explanation about Blockchain. İ am a Math and İT teacher. İ am sharing your vid with my students as well.
"Hi, you got the right answer. Kudos. The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation. Explanation: Answer: A (Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
I was looking for a stripped down explanation of blockchain, and found it here. I get it at it's core. Thank you so much. You're right, that was one expensive meal.
Thank you for the appreciation. You can check our videos related to various technologies and subscribe to our channel to stay updated with all the trending technologies.
"Hi, you got the right answer. Kudos. The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation. Explanation: Answer: A (Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
This is an amazing explanation of blockchain, thank you so much Simplilearn! I have shared this with all my friends. Kudos to the effort you guys put in
Hi Pooja, thanks for the kind compliment. Do subscribe to our channel and get our new video updates directly into your email. If you have any questions related to these videos, you can post in the comments section, we will clear your queries/doubts.
The answer for the last quiz you gave is option D - Hash encryption . Because whatever input item we have in whatever length , it will be as the same output item in a fixed length . So there is possibities of alteration .
"Hi, we are sorry to say that you got the wrong answer but in any case, we are glad seeing your participation in the contest. The correct answer is Answer: A(Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
Thanks for that explanation. I’m going to watch it again. I recently started investing in cryptocurrency and I was unfamiliar with all the terminology. Your brief explanation opened my eyes more to the future of blockchain technology.
"Hi, you got the right answer. Kudos. The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation. Explanation: Answer: A (Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
We are glad you found our video helpful, Ajay. Like and share our video with your peers and also do not forget to subscribe to our channel for not missing video updates. We will be coming up with more such videos. Cheers!
WooHoo! We are so happy you love our videos. Please do keep checking back in. We put up new videos every week on all your favorite topics. Whenever you have the time, you must also check out our blog page @simplilearn.com and tell us what you think. Have a good day!
Answer is ✅ A. Public Distributed Ledger Ans. Of 2nd Que. ✅ Blockchain can be used in Online Voting System where once user voted, he/she won't be able to change. Thanks for this informative video... 🙏
"Hi, you got the right answer. Kudos. The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation. Explanation: Answer: A (Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
“The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.”
Thank you for choosing us as your learning partner. We are thrilled to hear that you enjoyed your experience with us! If you are looking to expand your knowledge further, we invite you to explore our other courses in the description box.
"Hi, we are sorry to say that you got the wrong answer but in any case, we are glad seeing your participation in the contest. The correct answer is Answer: A(Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
Just now saw the video man I really thought PUBLIC LEDGER was the answer but I don't know so I was scrolling the comments and saw the right answer Thank you for the video its one of the best explanation video that I ever saw about Block chain Keep Posting...
We are glad you found our video helpful. Like and share our video with your peers and also do not forget to subscribe to our channel for not missing video updates. We will be coming up with more such videos. Cheers!
"Hi, you got the right answer. Kudos. The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation. Explanation: Answer: A (Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
Best explanation video so far. I just wished that there will be an in-depth discussion on the mining part. But all in all, this is great. Will definitely recommend this one to my friends. Thanks
"Hi, you got the right answer. Kudos. The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation. Explanation: Answer: A (Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
"Hi, we are sorry to say that you got the wrong answer but in any case, we are glad seeing your participation in the contest. The correct answer is Answer: A(Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
The answer to the question is A. Also, for an example, using the blockchain by mentioning the quality of a particular goods or service throughout the supply chain would help us immediately identify the origin of defect. As each part of the supply chain would have the knowledge of the quality of that particular goods or service at each stage.
Hi, you've got the correct answer! Option A! The concept of public distributed ledger ensures that everyone on the blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. However, the competition period is now over. Thanks for participating and watching!
I don't understand how that would work in real world unless each step in the supply chain does quality check which sounds like a lot of overhead. Besides, if product is found to be damaged in one of those steps while performing quality check, what's the point of letting it shipped all the way to the store let alone put it on the store shelf?
"Hi, we are sorry to say that you got the wrong answer but in any case, we are glad seeing your participation in the contest. The correct answer is Answer: A(Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
miners part i didnt understand pls explain how does miner validate the criptografy. and why this is specially need in cryto currect crypto does all cryptografy need so much processing power? bit coin transaction will be slow to?
Hi Behrooz, thanks for your reply! However, without your email id, we won't be able to give you the prize and neither would your answer be counted as valid. So comment your email id down below now to get back in the contest!
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. but what if all of the people alter the ledger ? is that possible?
"Hi, you got the right answer. Kudos. The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation. Explanation: Answer: A (Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
Just amazingly described ... I wonder how much beneficial this technology is going to be! Thanks for making me understanding the initial knowledge of Blockchain..
Hello, thank you for appreciating our work. We are glad to have helped. Do check out our other tutorial videos and subscribe to us to stay connected. Cheers :)
No, I have never wondered if there's an easier way to complete transactions. Swiping my debit card was never difficult. I feel like the most difficult part of a money transaction is actually getting the person to pay you.
I still can't figure out what "problems" this is actually solving (other than putting everyone further into slavery). So now you have to work for the money you're already spending transaction by transaction? Review a ledger and validate each transaction? Sounds more burdensome than anything.
So what happens when the last bitcoin is issued to a miner for "proof of work". How will they get paid after that? Will they have to keep mining for free?
"Hi, you got the right answer. Kudos. The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation. Explanation: Answer: A (Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
Hi, Simplilearn provides online training across the world. We would be happy to help you regarding this. Please visit us at www.simplilearn.com and drop us a query and we will get back to you! Thanks!
Greetings! Thank you for your kind words. Spread the word by liking, sharing and subscribing to our channel! Cheers :). You can also explore our playlists for more Blockchain: ua-cam.com/video/yubzJw0uiE4/v-deo.html.
Vary interesting. I was talking to one of my freinds who is up alot on the tech of the future. I was asking him about Bitcoins and that's when he also mention Blockchain but he had to get back to work so he did not have time to explain. Your video cover it vary well. Excellent video!
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation. Explanation: Answer: A (Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
Hi, I have a test on business disruptive technology tomorrow and I would like to know about P2P network in an easy way and how to illustrate or draw a diagram for an example for blockchain.
Hi Sara, you can refer to our Blockchain 101 video where we have used an example and explained the P2P network in a simple way: ua-cam.com/video/WC794IwOuL0/v-deo.html.
Hi Fahad, thanks for your reply! However, without your email id, we won't be able to give you the prize and neither would your answer be counted as valid. So comment your email id down below now to get back in the contest!
Nice video, concept made easy to understand. Blockchain technology can be used wherever there is work or process flow to correctly identify source of issue.
I can unequivocally say that crypto trading is one of the most profitable and lucrative business for every investors with the right expert or platform.
Thank you for choosing us as your learning partner. We are thrilled to hear that you enjoyed your experience with us! If you are looking to expand your knowledge further, we invite you to explore our other courses in the description box.
Hi Shikha, thanks for your reply! However, without your email id, we won't be able to give you the prize and neither would your answer be counted as valid. So comment your email id down below now to get back in the contest!
Hi! Thanks for the video. I think the answer isn't public distributed ledger, but instead it is proof of work or proof of stake depending on the type of coin/network being used. In a public distributed ledger, the data can actually be altered because of the rule of majority. So if a majority of the group of users decide to be fraudulent and make a even longer list of blocks in the blockchain, then the network will consider that to be correct as it deems that whetever is longer is correct. In this scenario, they can make changes to the data in the blocks. If the question was "what is the concept of blockchain that ensures data cannot be altered by any SINGLE user within the network, then the answer could be public distributed ledger since 1 persons work will not outwork the majority of the people who are validating blocks using proof of work/stake. Id say the closest answer is proof of work/stake as it is a way of validating blocks in the block chain. Once a block is validated, then it becomes permanent. Would you agree? Thanks!
"Hi, we are sorry to say that you got the wrong answer but in any case, we are glad seeing your participation in the contest. The correct answer is Answer: A(Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
@@SimplilearnOfficial hi thanks for the response! Yes, no SINGLE person can make a difference. But the question stated that users cannot make a difference which is wrong cause they actually can if they gain majority of the users. If you put the words no single user can, then that would be correct. But that is not the case in the question so the closest answer is proof of work.
You guys have elaborated it very nicely keep adding such content to your channel. Looking forward for more such videos P. S:answer is hashing algorithm
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Hi Munim, thanks for your reply! However, without your email id, we won't be able to give you the prize and neither would your answer be counted as valid. So comment your email id down below now to get back in the contest!
I'm quite new into the Blockchain technology, and I have a question on the part where you say "public distributed ledger", where all Phil's friends have a copy of the ledger and know how much bitcoin Phil has left (1 bitcoin left at minute 2:56). In this case, does it mean people who have a common copy of your ledger will always know how much "money" (bitcoin for example) you have in your account? Apologies if it is a dumb question, kinda new here 😅
The best decision I ever made in my life was Investing in financial market trust me guys it pays alot and I have come to realize that trading bitcoin is more profitable than holding it and waiting for it to skyrocket
"Hi, you got the right answer. Kudos. The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation. Explanation: Answer: A (Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
"Hi, you got the right answer. Kudos. The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation. Explanation: Answer: A (Public Distributed Ledger) The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
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🔥Professional Certificate Program in Blockchain by IIT Kanpur (India Only) - www.simplilearn.com/blockchain-certification-training-course?Jw0uiE4&Comments&UA-cam
D hash ac555363@gmail.com
The Answer is A. Am I correct???
GOD BLESS SHEWENHACKS ON TELEGRAM THEY ARE THE BEST I CONFIRMED 10BTC AND GOT MY WITHDRAWAL SUCCESSFULL WITHOUT ANY ISSUES OR IRRELEVANT CHARGES
Can we just appreciate how this guy has almost a million subscribers and has the time to reply to every comment. Props to you man!
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@IR Prod
That is called humility.
He is using block chain tech 😂
some of his replies look copy/pasted
He's using bots bro
A - PUBLIC DISTRIBUTED LEDGER.
And thanks for explaining it in simple way.
I've listened to several podcasts and multiple videos, and so far, this one was the best example for how I was able to finally understand block chain. Really appreciate the video, thank you!
Glad you enjoyed it!
I've watched several videos about blockchain but this one made me really understand how it works - thanks!
Glad it was helpful! Thank you for watching!
Thank me later
I watched several videos about blockchain but can you make me to understand about the blackchin
2 btc each for dinner nowadays 😂
I am completely new to the concept of blockchain.. and even bitcoin... I just thought that I won't be able to understand this.. but thanks to this video... this is the first video I watched for understanding what is blockchain and I have understood 100% of the information given in this video.. thanks to your channel. Keep it up.. 🙂
We are glad you found our video helpful. Like and share our video with your peers and also do not forget to subscribe to our channel for not missing video updates. We will be coming up with more such videos. Cheers!
The answer to the question is option A.
Thank you for your simple explanation about Blockchain. İ am a Math and İT teacher. İ am sharing your vid with my students as well.
"Hi, you got the right answer. Kudos.
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
"
I was looking for a stripped down explanation of blockchain, and found it here. I get it at it's core. Thank you so much. You're right, that was one expensive meal.
Thank you for the appreciation. You can check our videos related to various technologies and subscribe to our channel to stay updated with all the trending technologies.
The answer is A, good explanation, I think I’m starting to get what blockchain is, many thanks
"Hi, you got the right answer. Kudos.
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
"
@@SimplilearnOfficial I know, im just interested and somewhat intrigued with the technology, thanks for the great explanation
This is an amazing explanation of blockchain, thank you so much Simplilearn!
I have shared this with all my friends. Kudos to the effort you guys put in
Hi Pooja, thanks for the kind compliment. Do subscribe to our channel and get our new video updates directly into your email. If you have any questions related to these videos, you can post in the comments section, we will clear your queries/doubts.
Thank you 🙏
The answer for the last quiz you gave is option D - Hash encryption . Because whatever input item we have in whatever length , it will be as the same output item in a fixed length . So there is possibities of alteration .
"Hi, we are sorry to say that you got the wrong answer but in any case, we are glad seeing your participation in the contest.
The correct answer is
Answer: A(Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
I just heard about block chain today and the explanation provided i the video is very helpful. the answer to the quiz is A..cheers
Glad it was helpful!
Thanks for that explanation. I’m going to watch it again. I recently started investing in cryptocurrency and I was unfamiliar with all the terminology. Your brief explanation opened my eyes more to the future of blockchain technology.
Glad it was helpful! Thank you for watching!
How did it go?
The knowledge I just acquired is a billion times more than the Amazon gift card. Keep the good work. Nice tips for entrepreneur and coders
Glad it was helpful!
Hit me up
Answer is public distributor ledger...
Thnk u so much for knowledge of block chain
I m new here 😊
"Hi, you got the right answer. Kudos.
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
"
jack is balling
Our uni recommends this channel as an official source of self-education
Keep learning with us .Stay connected with our channel and team :) . Do subscribe the channel for more updates : )
fantastic video, it explained EVERYTHING PERFECTLY. THANK YOU❤❤❤❤❤❤
Hello thank you for watching our video .We are glad that we could help you in your learning !
The best explanation for a novice that I've seen to date. Kudos to the creators if this video!
We are glad you found our video helpful, Ajay. Like and share our video with your peers and also do not forget to subscribe to our channel for not missing video updates. We will be coming up with more such videos. Cheers!
I
Our mission is to inform people about bitcoin. You are doing a great job!
WooHoo! We are so happy you love our videos. Please do keep checking back in. We put up new videos every week on all your favorite topics. Whenever you have the time, you must also check out our blog page @simplilearn.com and tell us what you think. Have a good day!
I have been searching for days an easy explanation of Blockchain technology.
Thankyou
Hello thank you for watching our video .We are glad that we could help you in your learning !
Thank you for breaking it down in a 7minute video and keeping it entertaining I didn’t fully understand it before !
Glad it was helpful!
Now I understand what is Blockchain
Great to hear that Simplilearn is helping you learn better .
I almost gave up on my curiosity of blockchain glad I watched your video. Now I get it. 😊 Thanks.
Glad it was helpful!
Finally! I've watched several videos and this is the only one I actually understand. Thank you so much
You're welcome!
Hit me up
This topic gave me a headache and with your demonstration, I completely understand now, how this works. Thank you!
You're very welcome!
Answer is ✅ A. Public Distributed Ledger
Ans. Of 2nd Que.
✅ Blockchain can be used in Online Voting System where once user voted, he/she won't be able to change.
Thanks for this informative video... 🙏
"Hi, you got the right answer. Kudos.
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
"
This is a great base for learning blockchain. But also, that was one expensive dinner! 2 bitcoins each!
Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!
“The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.”
Hello, thanks for viewing our tutorial. You can find your requested dataset in the video description. Hope that helps.
Thanks, before watching your video blockchain technology seemed to be a hard topic, now I understand the main principles of Blockchain
Thank you for choosing us as your learning partner. We are thrilled to hear that you enjoyed your experience with us! If you are looking to expand your knowledge further, we invite you to explore our other courses in the description box.
Expensive dinner!
Hehe! True that!
hahahahahha
Hahaha
Yes that's true
Bitcoin is really profitable at this stage.
Answer is hash encryption
I love this video and it really give me a good understanding on blockchain
"Hi, we are sorry to say that you got the wrong answer but in any case, we are glad seeing your participation in the contest.
The correct answer is
Answer: A(Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
This helped a lot need to understand the block chain to understand NFTs and Bitcoin etc.
Hello thank you for watching our video .We are glad that we could help you in your learning !
Like a station wise assembly in a manufacturing company.
Every station has certain work they have to follow .
Each station is regularly checked .
Nice example!
And they are rewarded bitcoins.
After many researches you are the one who explained the blockchain to me ! Thank you
Glad it was helpful!
This is the best Blockchain explanation video on UA-cam. This cleared all my doubts. Thank you.
Glad it was helpful!
Looking at this I would say blockchain is definitely the future
True that!
yesss
Just now saw the video man I really thought PUBLIC LEDGER was the answer but I don't know so I was scrolling the comments and saw the right answer Thank you for the video its one of the best explanation video that I ever saw about Block chain Keep Posting...
We are glad you found our video helpful. Like and share our video with your peers and also do not forget to subscribe to our channel for not missing video updates. We will be coming up with more such videos. Cheers!
answer: a: Public distributed ledger, see why it uses lots of electricity since everyone has a copy. Thanks for the explanation.
"Hi, you got the right answer. Kudos.
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
"
Best explanation video so far. I just wished that there will be an in-depth discussion on the mining part. But all in all, this is great. Will definitely recommend this one to my friends.
Thanks
Glad it was helpful!
Hash encryption is the concept and this blockchain concept is superb that it's interesting and forced me to know more on this
Keep learning with us .Stay connected with our channel and team :) . Do subscribe the channel for more updates : )
You're unbelievable! I'm subscribing immediately! Thanks for the enlightenment.
Welcome aboard!
Public distributed ledger..
And thank for this video ☺
"Hi, you got the right answer. Kudos.
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
"
Surely the answer is public Distributed Ledger.
Public distributed ledger
Hi Team, Thanks for u r valuable time and effort for us. Ans: Hash encryption.
"Hi, we are sorry to say that you got the wrong answer but in any case, we are glad seeing your participation in the contest.
The correct answer is
Answer: A(Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
absolutely brilliant video. you have explained it in a way that makes it super easy to understand
Glad it was helpful!
The answer to the question is A.
Also, for an example, using the blockchain by mentioning the quality of a particular goods or service throughout the supply chain would help us immediately identify the origin of defect. As each part of the supply chain would have the knowledge of the quality of that particular goods or service at each stage.
Hi, you've got the correct answer! Option A!
The concept of public distributed ledger ensures that everyone on the blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. However, the competition period is now over. Thanks for participating and watching!
@@SimplilearnOfficial can blockchain be used in education?
I don't understand how that would work in real world unless each step in the supply chain does quality check which sounds like a lot of overhead. Besides, if product is found to be damaged in one of those steps while performing quality check, what's the point of letting it shipped all the way to the store let alone put it on the store shelf?
The answer is encryption to question you asked .. Encryption ensure that no one can alter with system and hence keeping it safe from hackers
"Hi, we are sorry to say that you got the wrong answer but in any case, we are glad seeing your participation in the contest.
The correct answer is
Answer: A(Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
@@SimplilearnOfficial ohhhhh got it thanx
miners part i didnt understand pls explain how does miner validate the criptografy. and why this is specially need in cryto currect crypto does all cryptografy need so much processing power? bit coin transaction will be slow to?
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The best answer would be A.
Because everyone know about the numbers and you can realized and find out the problem.
Hi Behrooz, thanks for your reply! However, without your email id, we won't be able to give you the prize and neither would your answer be counted as valid. So comment your email id down below now to get back in the contest!
Right , many problems in banking system ......high transaction fees , and slow working process.
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The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
but what if all of the people alter the ledger ? is that possible?
"Hi, you got the right answer. Kudos.
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
"
Just came across your channel. Exactly what i wanted. Simple to the point and clear. Thank you so much!
Just amazingly described ... I wonder how much beneficial this technology is going to be! Thanks for making me understanding the initial knowledge of Blockchain..
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7minutes but it resumed hours of studies... thank you
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I am from india... Ur video Helped a lot. Tomorrow my viva exam is on this topic. Ur video helped me a lot sir... Thank you so much.
Happy to help
Happy to help. All the best.
Solid Video! I have to learn about blockchain for a class of mine and this couldn't have helped more! Thank you all so much!
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I appreciate this video
This is exactly what I need as motivation.
Glad it was helpful!
You saved me for my project thank you so much!
You're welcome!!
the video seems to be very useful for the future generation.
Glad you think so!
No, I have never wondered if there's an easier way to complete transactions. Swiping my debit card was never difficult. I feel like the most difficult part of a money transaction is actually getting the person to pay you.
You got a point but blockchain is all about secure transaction and decentralization.
I still can't figure out what "problems" this is actually solving (other than putting everyone further into slavery). So now you have to work for the money you're already spending transaction by transaction? Review a ledger and validate each transaction? Sounds more burdensome than anything.
Thank you sir!.. Truly non technical student could also have a fast learning by your videos in simple form
You are most welcome
So what happens when the last bitcoin is issued to a miner for "proof of work". How will they get paid after that? Will they have to keep mining for free?
They'll be mining for a fee? A percentage of the transaction amount?
They'll mine for a fee from the community. The community would still own all the bitcoins produced until that moment. Thank you for watching!
This is the most informative video I've ever watched !
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Thanks for the amazing video..
Answer: Public Distributed Ledger
"Hi, you got the right answer. Kudos.
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
"
Wow.. Such a simple way to understand blockchain. Kudos to this guy. ❤️
Glad you liked it
Question, so what happens in the time it takes for someone to validate your transaction, ie, the miner? Are we talking few seconds or hours?
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Success is about focusing Your energy on what creates results and using what you already know
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Thank you for so such a simple, in depth, and fun video!
Glad it was helpful!
Very clear explainations! Good.
Greetings! Thank you for your kind words. Spread the word by liking, sharing and subscribing to our channel! Cheers :). You can also explore our playlists for more Blockchain: ua-cam.com/video/yubzJw0uiE4/v-deo.html.
Vary interesting. I was talking to one of my freinds who is up alot on the tech of the future. I was asking him about Bitcoins and that's when he
also mention Blockchain but he had to get back to work so he did not have time to explain. Your video cover it vary well. Excellent video!
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Clear and concise explanation; you're a great teacher! If I may suggest something, is have the answer(s) to your quiz in the details section?
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
Thanks for that simple, complete, understandable explanation. Will be sure to share it with my friends..
Glad it was helpful!
I really need to know more about blockchain
Crypto currency and blockchain should be teach in every schools in the world.
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Omg even a new born baby would understand this!!
Hi, I have a test on business disruptive technology tomorrow and I would like to know about P2P network in an easy way and how to illustrate or draw a diagram for an example for blockchain.
Hi Sara, you can refer to our Blockchain 101 video where we have used an example and explained the P2P network in a simple way: ua-cam.com/video/WC794IwOuL0/v-deo.html.
I saw your video today and I am sad as I couldn't participate in the quiz ☹️
Hey Shabarish, don't worry! We have more quizzes coming soon!
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@@SimplilearnOfficial i have subscribed on the 1st day i saw this cryptocurrency video of yours
Public Distributed Ledger and Encryption both are the answers I guess.
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I had a more better understanding of blockchain after this video
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Nice video, concept made easy to understand.
Blockchain technology can be used wherever there is work or process flow to correctly identify source of issue.
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See this is great bc it gives me an initial scenario versus just starting into a blockchain definition. Thank you!!
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It's refreshing to see such transparency in discussing market volatility.
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I can unequivocally say that crypto trading is one of the most profitable and lucrative business for every investors with the right expert or platform.
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The secrete of the future is hidden in your daily routine. Crypto and fx are the future.
Thank you so much for the review ,we appreciate your efforts : )
Down with transaction fees
Good soul with good intention... I respect your replying attitude...
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I will go with option A
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Fruitful video with time saving and better understanding! 🌺
Glad it was helpful!
Finally starting to understand this a bit more. It has been a slow process, need to rewatch it again. Thanks!
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Hi! Thanks for the video. I think the answer isn't public distributed ledger, but instead it is proof of work or proof of stake depending on the type of coin/network being used. In a public distributed ledger, the data can actually be altered because of the rule of majority. So if a majority of the group of users decide to be fraudulent and make a even longer list of blocks in the blockchain, then the network will consider that to be correct as it deems that whetever is longer is correct. In this scenario, they can make changes to the data in the blocks. If the question was "what is the concept of blockchain that ensures data cannot be altered by any SINGLE user within the network, then the answer could be public distributed ledger since 1 persons work will not outwork the majority of the people who are validating blocks using proof of work/stake. Id say the closest answer is proof of work/stake as it is a way of validating blocks in the block chain. Once a block is validated, then it becomes permanent. Would you agree? Thanks!
"Hi, we are sorry to say that you got the wrong answer but in any case, we are glad seeing your participation in the contest.
The correct answer is
Answer: A(Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid. "
@@SimplilearnOfficial hi thanks for the response! Yes, no SINGLE person can make a difference. But the question stated that users cannot make a difference which is wrong cause they actually can if they gain majority of the users. If you put the words no single user can, then that would be correct. But that is not the case in the question so the closest answer is proof of work.
You guys have elaborated it very nicely keep adding such content to your channel. Looking forward for more such videos
P. S:answer is hashing algorithm
Sure 😊
Thank you... You help me out with my blockchain
Happy to help
Amazing explanation... Really Loved It. Thank You!
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D; hash encryption
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Basing Encrypted, and I want to say thank you for the explanation of Blockchain. I do understand it better now
I'm quite new into the Blockchain technology, and I have a question on the part where you say "public distributed ledger", where all Phil's friends have a copy of the ledger and know how much bitcoin Phil has left (1 bitcoin left at minute 2:56).
In this case, does it mean people who have a common copy of your ledger will always know how much "money" (bitcoin for example) you have in your account?
Apologies if it is a dumb question, kinda new here 😅
The ledger (blocks) are encrypted, so no one can see how much Phil has in his account.
They would, but they would also have to know Phil's wallet address. Without out, they wouldn't know how much money he has. Thank you for watching!
The best decision I ever made in my life was Investing in financial market trust me guys it pays alot and I have come to realize that trading bitcoin is more profitable than holding it and waiting for it to skyrocket
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Never seen an explanation this detailed, nice work you doing here your videos have really helped me
Awesome, thank you!
Public distributed ledger
"Hi, you got the right answer. Kudos.
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
"
Thanks for the video, it's informative & concise...Answer is option-A (Public Distributed Ledger)
"Hi, you got the right answer. Kudos.
The contest is over and winners have been announced in our community and also mentioned in the top comment of the video as well. Thanks for your participation.
Explanation:
Answer: A (Public Distributed Ledger)
The concept of public distributed ledger ensures that everyone on the Blockchain network has a copy of the ledger. Thus, no single person can make changes in the ledger as everyone else will flag this as invalid.
"
D. Hash Encryption
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