Summary of How does a blockchain work - Simply Explained

00:00:00 - 00:05:00

The video explains how a blockchain works by using a chain of blocks to store information. The security of a blockchain comes from its use of hashing and the proof-of-work mechanism. Blockchain technology can be used to automatically execute contracts based on certain conditions.

• 00:00:00 A blockchain is a chain of blocks that contains information. The security of a blockchain comes from its use of hashing and the proof-of-work mechanism.
• 00:05:00 Blockchain technology allows contracts to be automatically executed based on certain conditions.