May 28, 2026

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

Cryptocurrency explained | what is cryptocurrency? | cryptocurrency explained simply | simplilearn

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

Cryptocurrency explained | what is cryptocurrency? | cryptocurrency explained simply | simplilearnThis “Cryptocurrency Explained” video will help you understand what is a bitcoin [BTC], how paper money came into existence, the future of bitcoin [BTC], features of bitcoin [BTC], how bitcoin [BTC] works, what make cryptocurrencies special, what is ‘crypto’ in bitcoin [BTC] and you will also see a comparison between bitcoin [BTC] and an ether. A bitcoin [BTC] 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 bitcoin [BTC] actually works.

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

To learn more about Blockchain, subscribe to our YouTube channel: https://www.youtube.com/user/Simplilearn?sub_confirmation=1

You can also go through the slides here: https://goo.gl/QD28Gx

Watch more videos on Blockchain: https://www.youtube.com/playlist?list=PLEiEAq2VkUUKmhU6SO2P73pTdMZnHOsDB

#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 [BTC] and cryptocurrencies. You’ll learn the core structure and technical mechanisms of bitcoin [BTC], 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 [BTC] 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 bitcoin [BTC] and the wider Blockchain space. From a technological standpoint, you will develop a strong grasp of core Blockchain platforms, understand what bitcoin [BTC] 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.

After completing this course, you will be able to:
1. Apply bitcoin [BTC] 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
11. See practical examples of Blockchain and mining
12. Describe the various components of Hyperledger Fabric Technology (Peers, Orderer, MSP, CA)

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
6. Anyone interested in ERC20 tokens and ICOs

Learn more at: https://www.simplilearn.com/blockchain-certification-training?utm_campaign=Cryptocurrency-Explained-8NgVGnX4KOw&utm_medium=Tutorials&utm_source=youtube

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Dashing Forward – BANKEX Develops World’s First Working Plasma-like Protocol Bringing Vitalik Buterin’s Idea to Life

The BANKEX technical team has recently announced they have developed the world’s first private blockchain that supports the Plasma Protocol for public audit which will allow users to transfer different assets directly to each other leaving intermediaries behind and solving one of the most pressing problems of the current crypto world – high gas consumption. The Plasma-like protocol open source code is already available here.

[Note: This is a sponsored article.]


Inspired by the Plasma project’s working draft written by Vitalik Buterin and Joseph Poon, the BANKEX team has successfully completed the development of the first working version of the protocol after successfully developing its demo during a 36-hour hackathon. The protocol can sufficiently reduce the load of the main Ethereum blockchain by redirecting transactions into a subsidiary blockchain, thus creating faster and cheaper transactions.

[youtube https://www.youtube.com/watch?v=JbjIe_PbrM4?feature=oembed&w=500&h=281]

Low transaction speed is not the only problem Ethereum users are currently facing. In order to keep track of the transaction history, users are forced to retain copies of the entire blockchain with full transaction history and calculations. As the blockchain grows, the amount of available space needed is causing a lot of grief for its users.

Tackling these problems, BANKEX has released a Proof-of-Concept in the form of a Plasma-like protocol, a solution that is compatible with the Ethereum blockchain. BANKEX strongly believes that the Plasma protocol is “a prominent upgrade of the Ethereum blockchain”, calling it “bitcoin in Ethereum”  Find out more information about BANKEX’s solution here.

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BANKEX has developed a server-side solution comprised of an operator and a smart contract that facilitates the return of input funds which have not been included by the operator into the Plasma-blocks and also allows UTXO withdrawal from the Plasma sidechain to the main network. The functionality of the BANKEX solution also includes proof of double spend and proof of ownership that prevents duplicate transactions.

As more transactions demand decentralization, openness, and higher processing speeds, the BANKEX breakthrough is a long overdue evolution that everyone has been waiting for.

What do you think of BANKEX’s new protocol? Will it speed up and reduce the cost of transactions on the Ethereum blockchain? Let us know in the comments below.


Images courtesy of BANKEX

The post Dashing Forward – BANKEX Develops World’s First Working Plasma-like Protocol Bringing Vitalik Buterin’s Idea to Life appeared first on Bitcoinist.com.