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How does blockchain technology work?

Short video on blockchain technology

Pick one of these two ways to learn more about blockchain technology:

  • Read this infographic from Blockchain Berlin that describes how a blockchain transaction works.
  • Watch this video by Simply Explained on how a blockchain uses hashing, proof of work, and decentralized networks, and why these mechanisms in combination make cryptocurrency less susceptible to tampering. (5:59)

Discussion: You’ve watched several explanations of Bitcoin and blockchain technology. Which of the explanations was the most helpful to you? Is there another internet resource or video that you want to share with your fellow learners?

Optional: For a deeper dive, the online Blockchain and Cryptocurrency Explained course, taught by faculty Robert Dittmar and Andrew Wu, examines the technical underpinnings of blockchain, its role as an asset within the dynamics of cryptocurrency markets, and its possibilities as a business solution.

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Cryptocurrency: Beyond Bitcoin Teach-Out

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