A course designed for a complete beginner who even have zero knowledge of coding, but interested to learn Blockchain
What you will learn
A complete beginner’s guide to Blockchain technology with no prior knowledge requirement.
No coding skill is required to understand the working mechanism of Blockchain and its applications
Identify the applications of Blockchain beyond Cryptocurrencies
Complete understanding of the concept of public and private Blockchains
Description
A complete guide for total beginners with no prior knowledge but a keen interest to learn about this evolving technology of Blockchain. Learners will be able to have a complete understanding of blockchain beyond cryptocurrency. Anyone can start their understanding of the fundamentals of blockchain, the blocks, nodes, public and private blockchain, and its application.
A COMPARISON BETWEEN BLOCKCHAIN AND INTERNET
The Internet is an information machine while the blockchain is a truth machine
*) The Internet is a machine of information that allows people to transmit information to each other with lower cost and higher efficiency.
*) The blockchain’s data structure, along with a combination of cryptography, timestamps and other technologies, ensures that once a piece of data is linked, it is not tampered with or revoked, but is traceable.
*) So blockchain is a truth machine compared to the Internet.
*) This is a very big difference between the Internet and blockchain.
*) In the Internet era, no matter what kind of database, the data can be revoked and changed, which means there’s no Internet-based database is immutable.
Trust mechanism is the core difference
*) The trust mechanism between the Internet and the blockchain is completely different.
*) There is no good or bad. The difference between centralized trust mechanism and the decentralized trust mechanism is not being good or bad, high or low.
*) But when the proportion of the digital economy and digital life becomes higher and higher, we may no longer rely on the centralized trust mechanism to make a trusted endorsement in some environments and scenarios.
*) Instead, using a decentralized trust mechanism is more efficient and lower-cost.
*) This is the core difference between the Internet and blockchain.
*) Decentralized trust mechanism relies on algorithms to build trust and make trust endorsement.
Content