Last Updated on May 2, 2022 by Kalayiro Dominic
Learn Blockchain Technology, Blockchain as a Service, Cryptocurrency, NFTs, DeFi, Forks and AI based Crypto- trading
Blockchain & Cryptocurrency: Fundamentals for Beginners
This course will be on the fundamentals of Blockchain and Cryptocurrency Technology. The most well-known example of Blockchain Technology in wide use today is as the storage and transaction mechanism for the cryptocurrency Bitcoin.
Blockchain is an ever-expanding list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. The timestamp proves that the transaction data existed when the block was published in order to get into its hash. As blocks each contain information about the block previous to it, they form a chain, with each additional block reinforcing the ones before it. Therefore, blockchains are resistant to modification of their data because once recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks.
Blockchains are typically managed by a peer-to-peer network for use as a publicly distributed ledger, where nodes collectively adhere to a protocol to communicate and validate new blocks. Although blockchain records are not unalterable as forks are possible, blockchains may be considered secure by design and exemplify a distributed computing system.
By storing data across its peer-to-peer network, the blockchain eliminates a number of risks that come with data being held centrally. The decentralized blockchain may use ad hoc message passing and distributed networking. Peer-to-peer blockchain networks lack centralized points of vulnerability that computer crackers can exploit; likewise, it has no central point of failure. Blockchain security methods include the use of public-key cryptography.
Every node in a decentralized system has a copy of the blockchain. Data quality is maintained by massive database replication and computational trust. No centralized “official” copy exists and no user is “trusted” more than any other. Transactions are broadcast to the network using the software.
Upon successful completion of the course, each student will show tangible evidence of growth and maturity in the following areas:
1. Be able to state core Blockchain concepts
2. Benefits, and the limitations of blockchain technologies.
3. Be able to state the key differentiators for blockchain from other technology systems.
4. Understand the technical underpinnings of blockchain technology
5. Apply various blockchain concepts to analyze examples
6. Make decisions about the use (or not) of blockchain technology in systems
7. Defend your blockchain analysis of real-world systems.
8. Determine real-world challenges that blockchain technologies may assist
9. Blockchain as a Service.
10. Basics of Cryptocurrency.
11. Introduction to Defi
12. Role of NFTs in Cryptocurrency.
13. Implications of Forks in Cryptocurrency domain.
14. Cryptocurrency trading using Artificial Intelligence.
Who this course is for:
- Beginner students aspire to learn about the fundamentals of Blockchain Technology
- Beginner researchers curious to learn about cryptocurrency and key strides