In the digital era, understanding blockchains is imperative. The video How does a blockchain work by Simply Explained on YouTube provides a concise, insightful overview. It delves into the fundamentals, elucidating concepts such as hashes, proof-of-work, and decentralized networks.

The video starts by defining what a blockchain is and its original purpose in timestamping digital documents. It then explores the key components of a block, such as data, hashes, and the previous block's hash. The concept of proof-of-work is demystified, demonstrating its critical role in ensuring security against tampering.

Additionally, the video sheds light on the decentralized nature of blockchains and introduces the innovative concept of smart contracts. This comprehensive overview equips viewers with a solid foundation to grasp the profound implications and potential applications of this transformative technology.

Watch the video now to embark on your journey into the world of blockchains!