In this video, we will learn about how the current financial system functions with the help of the banks that serve as mediators for handling the transactions between different parties. I will also list the important components of the blockchain framework and we will understand them step by step in the coming videos too. We will also understand how the Bitcoin can help overcome the limitations that a central mediator like banks can impose. Lastly we will do a quick demo of the SHA-256 algorithm that Bitcoin uses to generate a unique hash value for each of the blocks in the blockchain.
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