#blockchain #blockchaintechnology #blockchaindevelopers #blockchaingaming #decentralandmana #thesandbox #polygonmatic #polkadot #solana #ethereum #bitcoin #rajeevanand #metaverse #metaversegaming #metaverse #3dvirtualworld #3dvirtualreality
blockchain metverse technology generations 1.0 to 4.0 explained | Rajeev Anand | decentraland mana
What Exactly is Blockchain?
Blockchain is a transaction record database that is distributed, validated and maintained around the world by a network of
computers. Instead of a single central authority such as a bank, a large community oversees the records in Blockchain, and
no individual person has control over these records.
Blockchain is based on decentralized technologies. This functions as a peer-to-peer (P2P) network.
Blockchain can be defined as “A peer-to-peer, decentralized, distributed ledger that records transactions efficiently, and in
a verifiable and robust fashion.”
Blockchain 1.0
● First generation of blockchain: Bitcoin
○ Build a distributed ledger of transactions based on DLT enabling participants to transfer assets P2P
○ Decentralized platform
○ Enabled transparency, immutability, accountability, and security using cryptographic principles
○ Worked on Proof of Work consensus system
Blockchain 1.0
● First generation of blockchain: Bitcoin
○ Build a distributed ledger of transactions based on DLT enabling participants to transfer assets P2P
○ Decentralized platform
○ Enabled transparency, immutability, accountability, and security using cryptographic principles
○ Worked on Proof of Work consensus systems
Blockchain 3.0
● Rise of layer two scaling solutions
● Layer 2 solutions are side chains running parallel to the ethereum main chain, providing:
○ Better transaction speed
○ Low transaction costs
● Examples:
○ Polygon (Matic)
Blockchain 4.0
● Fourth-generation blockchains provided various solutions:
○ Better scalability at lower costs
○ Highly secured blockchains
○ Better adaptability
○ Identity and access management solutions
○ Automation and integration of execution frameworks
For Video SEO:
security,blockchain,schooling,best practices,simpler,smart contracts,learn,bitcoin,protect,notary,information,free,satoshi,knowledge,introduction,understand,basics,beginner,data,comprehension,research,training,simple,explained,school,educate,fundamentals,learning,dummies,self-improvement,lesson,simply explained,basic tutorial,comrpehend,education
What is Blockchain and How It Works?,What is Blockchain and How It Works in Hindi?,Blockchain Kya Hain Aur Kaise Work Karta Hain?,blockchain technology explained,blockchain tutorial,How blockchain works step-by-step,blockchain explained simply,blockchain technology,blockchain definition,blockchain meaning,Difference between banking and blockchain, blockchain,blockchain technology,bitcoin,dapps,decentralized web,decentralized applications, what is blockchain,blockchain technology,introduction to blockchain,what is blockchain technology,explanation of blockchain,how blockchain works,blockchain bitcoin,how does blockchain work,blockchain tutorial,best explanation of blockchain,blockchain for dummies,what is blockchain and how does it work,blockchain technology explained,blockchain technology simply explained,blockchain explained simply,what is blockchain the best explanation, Dhruv Rathee,Dhruv,Rathee,Dhruv Rathee latest video,Bitcoin in India,Bitcoin Mining,What is Bitcoin,Bitcoin in Hindi,Bitcoin trading,Cryptocurrency,Bitcoin kya Hai,How to earn bitcoin,Bitcoin Price,How to buy in Bitcoin,How to invest in bitcoin,Zerodha,Coinbase,Best Crypto App,Best bitcoin app,Blockchain,What is Blockchain,How Blockchain Works?,Block chain,Bitcoin mining,What is bitcoin mining,Dogecoin, blockchain full course,cryptocurrency full course,bitcoin full course,ethereum full course,blockchain full course in hindi,Blockchain tutorial in Hindi,blockchain technology youtube in hindi,blockchain course in hindi,blockchain tutorial in hindi,blockchain technology in hindi,blockchain explained in hindi,Cryptocurrency Course in Hindi,blockchain course free,ethereum course free,ethereum course in hindi,ethereum blockchain hindi,What is Bitcoin in Hindi, banking,banks,bio,biologist,bitcoin,currency,expert,network,technology,cryptocurrency,cryptography,blockchain,blockchain expert,cryptographer,crypto currency,block chain,satoshi nakamoto,online banking,blockchain network,finn brunton,grad student,blockchain system,blockchain computer,computer network,bettina warburg,peer to peer,peer to peer network,bitcoin expert,bitcoin price,bitcoin currency,one concept,wired