In this video, you'll learn how Blockchain Technology is used in the working mechanism of Cryptocurrency.<br /><br />Specifically, here's what you'll learn in this video:<br /><br />First, I'll explain Barter System and how we evolved to using gold for trades in ancient times. Then I'll explain why people couldn't continue with gold for a longer time and had to switch to currency. Basically, the fundamental mechanism of the economics you need to understand the procedure of Cryptocurrency.<br /><br />Next, I'll take an example of the shoe trade and explain what happens when you make an online payment using PayTM or Google Pay.<br /><br />Further, we'll use the same shoe trade example on Bitcoin to better understand real-life examples. In the process you'll know about: Bitcoin mining, Miners, Blockchain technology, peer-to-peer electronic system, trustless decentralised financial system & a lot more.
