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Bitcoin blockchain - Under the hood for beginners.
Rating: 4.2 out of 5(84 ratings)
7,934 students

Bitcoin blockchain - Under the hood for beginners.

In this course you will learn how bitcoin blockchain works internally and related technical concepts.
Created byAbhi Kerni
Last updated 4/2021
English
English [Auto],

What you'll learn

  • Blockchain
  • Bitcoin

Course content

1 section • 10 lectures • 1h 13m total length

  • Bitcoin Introduction6:44

    Explore how Bitcoin records transfers in blocks, explaining distributed nodes, settlement intervals, and how a 51% attack highlights blockchain security.

  • Bitcoin Introduction Quiz
  • Addresses in Bitcoin Blockchain - Private Key and Public address10:06

    Explore how Bitcoin addresses work, with private keys securing public addresses and enabling transaction verification through encryption, while miners authenticate and blocks distribute across the network.

  • Bitcoin Addresses Quiz
  • Analysis of the latest real block of bitcoin blockchain6:51

    Analyze the latest bitcoin block to trace transactions between public addresses, explain blocks and miners, and show how a private address controls funds in the blockchain.

  • Bitcoin block quiz.
  • How to generate private and public address pair?5:13

    Generate public and private Bitcoin addresses using client-side code or trusted online services, and store the private key securely in a cold wallet or paper.

  • Generating addresses quiz.
  • Who are miners and what is a hash function?8:21

    Explore how miners authenticate transactions through proof of work and earn bitcoin rewards to add blocks, and how hash functions serve as digital fingerprints.

  • Miners Quiz
  • What is Proof of work?8:20

    Explain how miners use the hash function and nonce to form valid Bitcoin blocks with leading zeros by validating unconfirmed transactions and collecting rewards and fees.

  • Proof of work Quiz
  • Importance of proof of work in securing whole blockchain8:23

    Explore how proof of work secures the bitcoin blockchain by requiring miners to find nonce values and hashes with leading zeros, linking blocks for immutability.

  • Proof of work quiz - part 2
  • Analysis of the latest real block of bitcoin blockchain - Part 24:59

    Examine how miners chase a valid hash by adjusting nonces to meet leading zeros requirements, and how Bitcoin's difficulty and block rewards evolved from 50 to 6.25 over time.

  • Three Ways in which you can buy and sell bitcoin6:38

    Explore three ways to buy and sell bitcoin: self-managed private and public addresses, using an exchange, and complete dependence on a single platform.

  • Merits and demerits of keeping your crypto currency in exchange vs cold storage7:35

    Keep your Bitcoin in your own wallet to reduce hacking risk and prove ownership on the blockchain. Avoid keeping crypto on an exchange to prevent custody risk and service downtime.

  • Merit and demerits of keeping crypto in exchange quiz.

Requirements

  • No requirements or prerequisites.

Description

In this course you will learn how bitcoin blockchain works internally and technical concepts which people generally don't know.

Topics you will learn are :

  • Bitcoin Introduction

  • Addresses - Private key and public address

  • How to generate addresses.

  • Who are miners?

  • Proof of work

  • What makes blockchain so secure.

  • Ways to buy and sell bitcoin.

  • Merits and demerits of using online exchanges

  • Other Applications of blockchain.

  • Analysis of latest block of bitcoin blockchain.

  • 8 Quizzes to make you better understand concepts.

After this course you will be able to :

  • Clearly explain technical concepts of blockchain

  • You will also be able to quickly understand working of other blockchains like ethereum as basics for all the blockchains is same.

  • You will be able to understand what is going on by looking at latest block of bitcoin blockchain.

  • You will be more confident to buy or sell crypto currency.

  • You will know how to keep crypto currency safe.

Additional info:

"The Growing Shortage of Blockchain Talent

Technology that was once considered to be overhyped is now recognized as a promising innovative technology. Since its introduction into the mainstream with other emerging technologies such as AI, IoT, and others, Blockchain developers and technocrats have found it revolutionary. Although the technology is maturing at a rapid rate, the growing shortage of blockchain professionals is a well-documented concern all around the world." - blockchain-council.

Who this course is for:

  • Technologists curious about blockchain technology and bitcoin working under the hood.

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