May 21, 2020 • 5M

Episode 1 - Blockchain

Open in playerListen on);

Appears in this episode

Gautam Dhameja
Block Shots provides a basic understanding of the most important blockchain concepts in five minutes. Learn about blocks, transactions, consensus, finality, governance, etc. and many more fundamentals while having your morning coffee, commuting, or whenever you’ve got a moment.
Episode details

Welcome to Block Shots. In this first episode, the topic is introduction to blockchains with a basic example. 

Blockchain is a system that allows two or more mutually unknown parties to reach an agreement without middlemen. The agreement could be on the state of any kind of data: Fintech — accounts and balances (like in Bitcoin); Supply chain — the temperature of a shipping container at a point in time. 

There is no single point of control and failure in a blockchain.