What is Blockchain? – Simply Explained in Five Minutes

What is blockchain and how does it work? I'll explain blockchain in an easy and simple way so you understand the basics of blockchain! If you don't know what blockchain is, you should; if you do, chances are you still need some clarification on how blockchain actually works. Blockchain, the key technology behind Bitcoin, is a new network that helps decentralize trade, and allows for more peer-to-peer transactions. By the end of this video you'll have a solid basic understanding of blockchain and how it works.