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Transition to Web3 - Course 1 | Blockchain Basics

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Description

We will start with the fundamentals of blockchain technology, and understand what a blockchain is and how it works. In the end, you will have an intuitive understanding of hashes, blocks, blockchain, mining, proof-of-work consensus algorithm, and why a blockchain is a reliable, decentralized system.

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Lessons

Blockchain Basics

Welcome to Blockchain Basics

Your journey in this module

Hashing the data

Hashing the data - Demo

Hashing the data - cont

Block of data

Block of data - Demo

Chaining the blocks

Chaining the blocks - Demo

Single chains

Distributed chains

Which chain represents the truth?

Making the longest chain the “true” blockchain

A time-consuming puzzle

Multiple computers working on the puzzle

They solve puzzles faster

They can also cooperate to falsify

The risk?

Solving the puzzle: Mining

Solving the puzzle: Mining - Demo

Why does it work?

How difficult is it to find a nonce?

Your hash rate

Hash rate - Demo

Solving the puzzle: Mining - Cont

Many computers trying to solve the puzzle: Nodes

Many computers trying to solve the puzzle: Nodes - Demo

Recap

You did it!

FAQ

Transition to Web3 - Course 1 | Blockchain Basics

beginner

29 lessons

Earn certificate

4.93 score

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