Blockchain Explained: What is Blockchain and How does Blockchain Technology Work? This is a Simple Explanation of Blockchain Technology!

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This video provides simple examples about how blockchain works, why the technology was created, how blockchain is being used now with bitcoin, and how blockchain could be used in the future.

The blockchain foundation allows bitcoin currency transactions to occur securely and privately, while maintaining the accuracy of the transactions by posting a time-stamped, unmodifiable record of the transaction to a public ledger without the use of a third party.

Blockchain technology creates transparency, validates and secures records, and eliminates middleman or third parties.


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