
Take a non-technical tour of blockchain fundamentals, from blocks and distributed ledgers to bitcoins, altcoins, smart contracts, and their real-world applications in health, retail, insurance, and finance.
Explore what a blockchain is through a public welfare program, highlighting how distributed ledgers, blocks, cryptography, and immutability improve transparency and reduce fraud, with public, private, and hybrid models.
Explore centralized, decentralized, and distributed ledgers, including blockchain, and see how distributed ledgers enable direct communication, remove central authorities, and boost data ownership and security through distributed nodes.
Explain how a block bundles transactions or digital records with a timestamp and hash, links to the previous block, forms a chain that preserves chronology, making data difficult to amend.
Explore cryptographic hashes and hash functions, including sha-256, and learn how fixed-size hash values enable fast, deterministic, one-way verification for blocks and transactions in blockchain networks.
Discover how blockchain achieves immutability through cryptography and a distributed ledger, where altering a block forces cascading hash changes and a majority consensus attack becomes costly.
Explain consensus protocols, how nodes agree on the blockchain ledger, and compare proof of work, proof of stake, and proof of authority, including energy use and validation.
Explore symmetric and asymmetric encryption, with public and private keys, and learn how digital signatures authenticate senders, guarantee integrity, and achieve non-repudiation for secure data transfer on blockchain.
Explore public, private, and hybrid blockchains, their access, control, and performance, and see how consensus and cryptography secure distributed ledgers with Bitcoin, Ethereum, and IBM Food Trust.
Explore bitcoin as a digital asset and peer-to-peer currency on its own blockchain, explained through its origin, protocol, mining, and public transactions.
Explore the bitcoin transaction life cycle from Alice's wallet to Bob's address, through mempool, the cryptographic puzzle, and blocks. See how rewards, fees, and final confirmations secure transfers.
Learn how crypto wallets hold public and private keys, while coins stay on the blockchain; compare hosted exchange wallets with non-custodial wallets, and understand unspent transaction outputs (utxos) in transactions.
Explore how private keys and public keys enable digital signatures and verification in Bitcoin transactions, not encrypted, visible on the network and added to blocks by miners.
Explore the roles of Bitcoin nodes, including full nodes that store the entire blockchain and verify rules, miners that create blocks, and light nodes that transact.
Selecting transactions from the mempool, miners rely on fees that influence inclusion and block rewards. Hash the header with sha 256 and iterate the nonce until the target is met.
Explore how miners update nonces to solve cryptographic puzzles. See how difficulty adjusts after 2016 blocks and orphan blocks are discarded back to the mempool.
Bitcoin halving reduces block rewards every 210,000 blocks to manage supply toward a 21 million cap by 2140, with Satoshi as the smallest unit and fees replacing rewards after 2140.
Explores Bitcoin's volatility, high fees, and scalability challenges that hinder day-to-day use, while examining mining centralization and energy concerns.
Explore altcoins beyond Bitcoin, including Ethereum, Ripple, and Litecoin. We examine smart contracts, gas, and decentralized apps powering blockchain use cases like digital identity, supply chain, and non-fungible tokens.
Explore how stablecoins peg to fiat, commodities, or other assets like wrapped Bitcoin and algorithmic variants, and examine risks from bugs, regulation, and market forces illustrated by Terra and Luna.
Explore tokens and initial coin offerings, including how ICOs raise funds, the security vs utility token distinction, the Howey test, and regulatory challenges plus common scams.
Explore how smart contracts automate agreements on the blockchain, enabling trustless, cost-effective transactions without intermediaries. See use cases in insurance, finance, supply chain, and digital identity.
Explore non-fungible tokens and the difference between fungible and non-fungible assets on a blockchain, highlighting minting, wallets, and marketplaces like OpenSea and Rarible.
Blockchain provides an immutable single source of truth to securely store and share patients' health records across providers, enabling complete medical histories and trustworthy medicine provenance.
Blockchain enables real estate transparency and liquidity through an immutable ledger. Tokenization fractionalizes property into tokens, creating a single source of truth and enabling direct buyer-seller interaction.
Blockchains enable transparency and real-time data in insurance, helping detect fraud, reduce administrative costs, speed settlements, and lower premiums while expanding coverage.
Explore how finance expands with blockchain—decentralization, consensus, and immutability—enabling asset and wealth management, clearing and settlement, KYC/AML verification, tokenization, and fractionalization.
Explore the basics of blockchain, including bitcoins, smart contracts, and NFTs, and learn how its use cases span industries and can disrupt the future.
For enthusiasts, blockchain is the solution to every problem. For the less-so enthusiasts, it is a solution waiting for a problem to solve. The rest fall in between.
Irrespective of which side you are on, every informed person needs to know about blockchains as Blockchain is where we will potentially see the next biggest opportunities in the coming decades. Together with other emerging technologies, blockchains will help change the way various companies operate and will create new asset classes. It is a disruptive technology but for the ones who are ready to adopt and change, there is an immense opportunity ahead.
Welcome to the course – Blockchain Basics and Beyond
Blockchain Basics and Beyond is a non-technical approach to understanding the world of blockchain. The course is built in a concise manner and explained in simple layman’s terms. It is a highly effective and easy way to understand Blockchains and Bitcoin, without wasting countless hours going through a large number of unimportant details.
This course is a beginner course and does not contain any coding.
You'll learn the key aspects of Blockchain and Bitcoin, including:
· What is a blockchain and what problem does it solve?
· What are the key concepts behind blockchain and how do they work
· What is Bitcoin and what was the thought behind it
· Issues and concerns with Bitcoins and alternatives to it.
· What are smart contracts?
· What is an NTF?
· What are ICOs?
· What problems does Blockchain solves and how it can tackle the challenges faced by industries?
...and much much more!
Who is this course for?
Anyone who wants to understand and expand their knowledge of how blockchain work, opportunities it creates and problems it solves.
Course is non-technical and is not for students intending to learn the coding part of blockchain.
Pre-requisites for taking the course:
No specific requirements. Open mindset and interest to learn about Blockchain, how it works, and its use cases.