What is Bitcoin Mining? | Bitcoin Mining Explained | How Bitcoin Mining Works | Simplilearn

What is Bitcoin Mining? | Bitcoin Mining Explained | How Bitcoin Mining Works | Simplilearn
This “Bitcoin Mining’ video will help you understand what is Bitcoin, what is Blockchain, advantages of Bitcoin, advantages of Bitcoin mining, what is Bitcoin mining and how does it work and at the end you will also see a use case on Bitcoin mining. Bitcoin is the first decentralized digital currency that allows users to transfer money peer to peer without an intermediator (banks, governments etc) using Blockchain technology. Bitcoin is used for online purchases, investments, payments etc. and Bitcoin mining is the process of verifying Bitcoin transactions and recording them onto the public ledger (i.e., Blockchain). In order to understand Bitcoin mining, we need to understand the 3 major concepts of Blockchain which are distributed public ledger, SHA-256, and proof of work. Now, lets deep dive into this video and understand these concepts and how Bitcoin mining actually works.

Below topics are explained in this “Bitcoin Mining” video:
1. What is Bitcoin? ( 01:45 )
2. What is Blockchain? ( 03:52 )
3. Advantages of Bitcoin ( 03:03 )
4. Concepts of Bitcoin mining ( 06:08 )
5. Bitcoin Mining ( 15:01 )
6. Use case – Bitcoin Mining ( 18:04 )

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#Whatisblockchain #Blockchain #Blockchaintutorial #Bitcoin #Blockchainonlinetraining #Blockchainforbeginners #BlockchainTechnology #Simplilearn

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, 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.

After completing this course, you will be able to:
1. Apply Bitcoin and Blockchain concepts in business situations
2. Build compelling Blockchain applications using the Ethereum Blockchain
3. Design, test and deploy secure Smart Contracts
4. Use the latest version of Ethereum development tools (Web3 v1.0)
5. Develop Hyperledger Blockchain applications using Composer Framework
6. Model the Blockchain applications using Composer modeling language
7. Develop front-end (client) applications using Composer API
8. Leverage Composer REST Server to design a web-based Blockchain solution
9. Design Hyperledger Fabric Composer Business Network 10.
10. Understand the true purpose and capabilities of Ethereum and Solidity

The Blockchain Certification Training Course is recommended for:

1. Developers
2. Technologists interested in learning Ethereum, Hyperledger and Blockchain
3. Technology architects wanting to expand their skills to Blockchain technology
4. Professionals curious to learn how Blockchain technology can change the way we do business
5. Entrepreneurs with technology background interested in realizing their business ideas on the Blockchain

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What is Bitcoin Mining? | Bitcoin Mining Explained | How Bitcoin Mining Works | Simplilearn