Watch Great Learning’s video on Blockchain Basics! Blockchain, also called as Distributed Ledger Technology (DLT), enables us to make a digital asset transparent through the use of cryptography and decentralization. Blockchain is a technology that cryptographically secures the system, chains data chronologically, and permits transactions to be recorded permanently. The blockchain technology removes intermediaries and instils trust through its algorithm. Great Learning brings you this video on “Blockchain Basics”, a beginner-friendly video to help you get started with blockchain. We start off with an introduction to database systems, followed by understanding what blockchain is. Next, we look at the current banking system and the blockchain banking system, and will also take you through how blockchain solves the problems existing with the current banking system. Post this, we compare database system and blockchain and understand the role of intermediaries. Then, we look at a variety of blockchain concepts such as blockchain cryptography, solution, ecosystem, accounts, blocks, transactions, etc. Added to this, the video teaches these concepts by carrying out simultaneous demonstrations as well as with detailed examples of Bootstrap! Read more