In this video, you'll learn how Blockchain Technology is used in the working mechanism of Cryptocurrency.
Specifically, here's what you'll learn in this video:
First, I'll explain Barter System and how we evolved to using gold for trades in ancient times. Then I'll explain why people couldn't continue with gold for a longer time and had to switch to currency. Basically, the fundamental mechanism of the economics you need to understand the procedure of Cryptocurrency.
Next, I'll take an example of the shoe trade and explain what happens when you make an online payment using PayTM or Google Pay.
Further, we'll use the same shoe trade example on Bitcoin to better understand real-life examples. In the process you'll know about: Bitcoin mining, Miners, Blockchain technology, peer-to-peer electronic system, trustless decentralised financial system & a lot more.
Specifically, here's what you'll learn in this video:
First, I'll explain Barter System and how we evolved to using gold for trades in ancient times. Then I'll explain why people couldn't continue with gold for a longer time and had to switch to currency. Basically, the fundamental mechanism of the economics you need to understand the procedure of Cryptocurrency.
Next, I'll take an example of the shoe trade and explain what happens when you make an online payment using PayTM or Google Pay.
Further, we'll use the same shoe trade example on Bitcoin to better understand real-life examples. In the process you'll know about: Bitcoin mining, Miners, Blockchain technology, peer-to-peer electronic system, trustless decentralised financial system & a lot more.
Category
📚
Learning