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This Edureka video on understanding unspent transaction output is about UTXO, an abstraction of electronic money or cryptocurrency.
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About the course
Edureka's Blockchain course aims to introduce you to the concept of Blockchain and explain the basics of blockchain and Bitcoin. The Blockchain course provides an overview of the structure and mechanism of blockchain. As a beginner, you will learn the importance of consensus in transactions, how transactions are stored on blockchain, the history of bitcoin and how to use bitcoin. You will also receive lessons about the Ethereum platform and its programming language. You set up your own private blockchain environment using Ethereum.
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Anyone who has basic programming knowledge and would like to learn new technology can join the course. Students and professionals who want to make a career in Blockchain technology should opt for the course.
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Why Learn Blockchain?
Blockchain is a revolutionary technology. It is an ordered back-linked-list data structure of transaction blocks stored in a decentralized peer-to-peer network. It is the underlying infrastructure for bitcoin, a popular cryptocurrency. In the near future, many companies will adopt blockchain technologies for public trading. In addition to bitcoin, it can be used for a wide range of applications, such as tracking ownership, digital assets, physical assets or voting rights. It can also store and execute computer code called "smart contracts." However, blockchain is still new and communities are still exploring the best ways in which it can be used.
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