COURSE OVERVIEW:
The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?
A blockchain is, in the simplest of terms, a time-stamped series of immutable records of data that is managed by a cluster of computers not owned by any single entity. Each of these blocks of data (i.e. block) is secured and bound to each other using cryptographic principles (i.e. chain).
The blockchain network has no central authority — it is the very definition of a democratised system. Since it is a shared and immutable ledger, the information in it is open for anyone and everyone to see. Hence, anything that is built on the blockchain is by its very nature transparent and everyone involved is accountable for their actions.
A block in a blockchain is a collection of data. The data is added to the block in the blockchain, by connecting it with other blocks in chronological others creating a chain of blocks linked together. The first block in the Blockchain is called Genesis Block.
Digital currency is a form of currency that is available only in digital or electronic form, and not in physical form. It is also called digital money, electronic money, electronic currency, or cyber cash.
Digital currencies are intangible and can only be owned and transacted in by using computers or electronic wallets connected to the Internet or the designated networks. In contrast, physical currencies, like banknotes and minted coins, are tangible and transactions are possible only by their holders who have their physical ownership.
Digital currencies have all intrinsic properties like physical currency, and they allow for instantaneous transactions that can be seamlessly executed for making payments across borders when connected to supported devices and networks.
This course is an easy guide to understanding the basic concepts of blockchain for beginners, and for those who want to explore this field either through technology or financial investment. This course seeks to introduce complex concepts in a friendly language to all readers without sacrificing the quality of contents or the appropriate level of depth.
The first part of this course starts by explaining what is a blockchain? And how does it work? Also, examines the top 10 crypto heists during the history of digital currencies. Then explains what is Bitcoin? how Bitcoin works? And why is Bitcoin so hyped?
The second part discusses the most traded cryptocurrencies. Then explains what initial coin offering (ICO) is. Then examines the future of blockchain in shipping, fintech, energy, healthcare and in charity & social. Finally, provides the most common terms used by crypto traders in the markets.
LEARNING OUTCOMES:
By the end of this course, you will be able to understand:
- What is a blockchain?
- How does a blockchain work?
- Is the blockchain flawless?
- The top 10 crypto heists during the history of digital currencies
- What is Bitcoin?
- Why is Bitcoin the mother of all cryptocurrencies?
- How Bitcoin works?
- How encryption and decryption is used in blockchains?
- Symmetric vs asymmetric encryption
- The meaning of a public key cryptography
- What are the cryptographic hashing functions?
- How digital signatures are used in Bitcoin and blockchains?
- The digital signature process
- The meaning of Bitcoin mining
- What are Bitcoin wallets?
- The different types of wallets including: web wallets, mobile wallets, desktop wallets, paper wallets and hardware wallets
- Why is bitcoin so hyped?
- What is meant by digital currencies?
- The top 10 digital currencies in terms of market cap
- The cryptocurrency - Ethereum
- The cryptocurrency - Litecoin
- The cryptocurrency - Ripple
- The cryptocurrency - Bitcoin Cash
- The cryptocurrency - Binance Coin
- The cryptocurrency - EOS
- The initial coin offering (ICO) process
- The ICOs that survived
- The NEO project
- The Ethereum project
- The Spectrecoin project
- The Stratis project
- The Ark project
- Why do ICOs fail?
- The blockchain future in shipping
- The blockchain future in fintech
- The blockchain future in energy
- The blockchain future in healthcare
- The blockchain future in charity & social
- The most common terms used by crypto traders
COURSE DURATION:
The typical duration of this course is approximately 2-3 hours to complete. Your enrolment is Valid for 12 Months. Start anytime and study at your own pace.
COURSE REQUIREMENTS:
You must have access to a computer or any mobile device with Adobe Acrobat Reader (free PDF Viewer) installed, to complete this course.
COURSE DELIVERY:
Purchase and download course content.
ASSESSMENT:
A simple 10-question true or false quiz with Unlimited Submission Attempts.
CERTIFICATION:
Upon course completion, you will receive a customised digital “Certificate of Completion”.