What is a Blockchain? (Animated + Examples)

In this video, we are going to explain what a blockchain is in very basic terms using simple examples and analogies. A Blockchain is a record of data that is stored on a network using cryptographic hashes.

A block is a collection of records, like a record of transaction. 

Blocks have limits, so they can only have so many transactions in them. When the blocks are full, we add them to the network by mining them. 

A hashing function outputs a hash when you put something into it. Bitcoin uses the SHA-256 hashing function. 

With hashing fun

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