BlockChain full explanation under 100 seconds – eTechViral
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In this video we will Explain Full BlockChain under 100 seconds and how it works. There are many blockchains in existence, each with their own unique characteristics and use cases. Here are some of the most popular blockchains:
1 Bitcoin: The first and most well-known blockchain, Bitcoin is a decentralised digital currency that allows for peer-to-peer transactions without the need for intermediaries.
2 Ethereum: Ethereum is a decentralised platform that allows for the creation of smart contracts and decentralised applications (dApps).
3 Binance Smart Chain: Binance Smart Chain is a blockchain that is compatible with the Ethereum Virtual Machine, allowing for the creation of decentralised finance (DeFi) applications.
4 Cardano: Cardano is a blockchain platform that aims to provide a more sustainable and scalable alternative to other blockchains.
5 Polkadot: Polkadot is a blockchain platform that allows for interoperability between different blockchains, enabling them to work together seamlessly.
6 Solana: Solana is a blockchain that uses a unique consensus mechanism called Proof of History, which allows for extremely fast transaction processing times.
7 Ripple: Ripple is a blockchain that is designed for the financial industry, allowing for fast and low-cost cross-border payments.
These are just a few examples of the many blockchains that are currently in use. Each has its own strengths and weaknesses, and the best blockchain for a particular use case will depend on the specific needs of the application.
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