Blockchain Explained! How Does It Work? | Blum Academy

#blockchain #crypto #cryptoforbeginners In this video, we provide a detailed overview of blockchain – a technology that is transforming our world not only in the realm of cryptocurrencies but also in various other fields. You will learn what blockchain is, how it works, and why it is so important. We discuss the history of blockchain, starting with the emergence of Bitcoin in 2009, and explore how technologies like smart contracts on Ethereum have revolutionized the blockchain ecosystem. We also delve into various applications of blockchain beyond cryptocurrencies, including education, government registers, supply chains, real estate, energy, and healthcare. Timecodes: 00:00 - What Is Blockchain 00:25 - History of Blockchain 00:50 - Ethereum and Smart Contracts 01:30 - Usage of Blockchain Technology #blum #blumacademy