Cryptocurrency Explained | What is Cryptocurrency? | Cryptocurrency Explained Simply | Simplilearn

Published on April 22, 2021

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This “Cryptocurrency Explained” video will help you understand what is a cryptocurrency, how paper money came into existence, the future of cryptocurrency, features of cryptocurrency, how cryptocurrency works, what make cryptocurrencies special, what is ‘crypto’ in cryptocurrency and you will also see a comparison between bitcoin and an ether. A cryptocurrency is a digital or virtual currency that is meant to be a medium of exchange. Today, cryptocurrencies have become a global phenomenon known to most people but not understood by many people. So, lets deep dive into this video to understand how cryptocurrency actually works.

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Below topics are explained in this “Cryptocurrency Explained” video-
1. What is cryptocurrency? ( 03:20 )
2. What makes cryptocurrencies special? ( 04:12 )
3. What’s the ‘crypto’ in cryptocurrencies? ( 04:50 )
4. Bitcoin vs Ether ( 06:39 )
5. What’s the future of cryptocurrency? ( 08:30 )

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Simplilearn’s Blockchain Certification Training has been designed for developers who want to decipher the global craze surrounding Blockchain, Bitcoin and cryptocurrencies. You’ll learn the core structure and technical mechanisms of Bitcoin, Ethereum, Hyperledger and Multichain Blockchain platforms, use the latest tools to build Blockchain applications, set up your own private Blockchain, deploy smart contracts on Ethereum and gain practical experience with real-world projects.

Why learn Blockchain?
Blockchain technology is the brainchild of Satoshi Nakamoto, which enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, incorruptibility are some of the enticing characteristics of Blockchain. By design, Blockchain is a decentralized technology which is used by a global network of the computer to manage Bitcoin transactions easily. Many new business applications will result in the usage of Blockchain such as Crowdfunding, smart contracts, supply chain auditing, Internet of Things(IoT), etc.

This Blockchain Certification course offers a hands-on training covering relevant topics in cryptocurrency and the wider Blockchain space. From a technological standpoint, you will develop a strong grasp of core Blockchain platforms, understand what Bitcoin is and how it works, learn key vocabulary and concepts commonly used when discussing Blockchain and understand why engineers are motivated to create an app with Ethereum. Hands-on exercises and projects will give you practical experience in real-world Blockchain development scenarios.

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10. Understand the true purpose and capabilities of Ethereum and Solidity

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Do All Cryptocurrencies Use Blockchain Technology

Do All Cryptocurrencies Use Blockchain Technology, Cryptocurrency Explained | What is Cryptocurrency? | Cryptocurrency Explained Simply | Simplilearn.

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