Blockchain And Cryptocurrency Explained In 10 Minutes | Blockchain And Cryptocurrency | Simplilearn

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[@janukashehan]

4:27 it tells that the transaction is transmitted using Jack's public key. Should it not be Phil's public key? Or why Phil's public key is not used anywhere?

[@MyThetruth101]

For the second question, don't different crypto currencies use different hashing algorithms?? You mentioned earlier that bitcoin uses SHA256 but Ethereum uses Ethash.

[@SimplilearnOfficial]

"""Hello! You're absolutely right!. The answer is C - SHA256 SHA256 is the hashing algorithm used by cryptocurrency because it is computationally efficient and produces a fixed length of out for any random input which makes it difficult to crack as well as it is the integral part of crypto mining because majority of Blockchain network works on Proof-of-Work."

[@SaveTheHedgehog]

That was an really expensive dinner they've got 😃 they better enjoyed it 😂

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[@TheCryptoBook]

simply explained loved it!

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[@atozofireland1661]

Option # Encryption

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"Sorry, The correct answer is C - SHA256 SHA256 is the hashing algorithm used by cryptocurrency because it is computationally efficient and produces a fixed length of out for any random input which makes it difficult to crack as well as it is the integral part of crypto mining because majority of Blockchain network works on Proof-of-Work."

[@ArunKumar-mi2iq]

1.Hash 2.SHA256

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[@bibaswanbasu8883]

A. Public distributed ledger

[@suryareddy3618]

Public distribution ledger

[@SimplilearnOfficial]

"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. "

[@jacksonmwankenja]

Proof of Work

[@mikeprots3406]

Can you make video about affiliate marketing?

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[@venkatabhinav4618]

Public Distibuted Legder and SHA256

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"""Hello! You're absolutely right!.

[@danieltarran8370]

What is the best strategy to enter crypto trading now for someone with more or less than $2k

[@КириллЛитвинов-н7ш]

very interesting video

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[@Chandrakalaramachandran-i9e]

hash encryption

[@thimmee.948]

Prove of work .

[@apurvraj4205]

a.) Public Distributed ledger

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[@mssmunira3371]

Good

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[@globalicon1222]

Thank You. Quit enlightening. #Bitcoin #TheSpeedSterToken #Altseason2022

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[@vssaye]

# Encryptio

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[@siddharthaborpuzari9000]

A

[@SimplilearnOfficial]

"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. "

[@nguyentruong904]

Got a Question on this topic?

[@IDontThinkSooo]

D

[@SimplilearnOfficial]

"Sorry, The correct answer is C - SHA256 SHA256 is the hashing algorithm used by cryptocurrency because it is computationally efficient and produces a fixed length of out for any random input which makes it difficult to crack as well as it is the integral part of crypto mining because majority of Blockchain network works on Proof-of-Work."

[@yosey6568]

First

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[@johnstamatiadis6234]

Bitcoin is slow, not scalable, expensive and uses lots of energy. It's rubbish.

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[@StackPapers]

Answer to the question: SHA256

[@SimplilearnOfficial]

"""Hello! You're absolutely right!. The answer is C - SHA256 SHA256 is the hashing algorithm used by cryptocurrency because it is computationally efficient and produces a fixed length of out for any random input which makes it difficult to crack as well as it is the integral part of crypto mining because majority of Blockchain network works on Proof-of-Work."