Live support chatBlockchain and Cryptocurrency Fundamentals - Part 1: Introduction, Ecosystem, and Hash (Video On Demand)
Credit: 1 PDH
Subject Matter Expert: Dana DeMeo, P.E.
In Blockchain and Cryptocurrency Fundamentals - Part 1: Introduction, Ecosystem, and Hash, you'll learn ...
- An introduction to blockchain operation and terminology with a focus on Bitcoin
- Brief history of the internet’s technology evolutions, and why blockchain is advancing todays
- The numerous potential applications for blockchain along with risks and benefits
Overview
Preview a portion of the video before you purchase it.
Credit: 1 PDH
This is the first course in a series that explains the fundamentals of blockchain technology and cryptocurrency applications. Most of us have heard about blockchain, yet very few have invested the time to really understand what’s happening under the hood.
Engineers from all disciplines will satisfy their curiosity by learning how this amazing new technology actually works! The course is designed for a broad engineering audience beyond computer scientists and programmers. If you’re looking to earn PDHs about a refreshing, modern and different subject, this course is for you.
This course begins with a brief introduction to the various layers of the Internet and how the blockchain technologies are programmed on top of these layers. This blockchain enhances the internet by allowing for the secure transfer of value without a 3rd party intermediary. Without this new technology, the internet has been limited to only transferring information and data. The history of the internet is explained from Web 1.0 (read-only) to Web 2.0 (dynamic and interactive) to what is now referred to as Web 3.0 (blockchain and related technologies).
Next, fundamental blockchain principles such as cryptography, validation and consensus are described. The benefits and risks of blockchain technology are explored, such as trade-offs between full transparency (most blockchains are fully visible and readable) versus user privacy. Blockchain applications are contemplated such as medical records, legal contracts, digital identity, digital ownership and cryptocurrency.
Rudimentary economic principles like fungibility, account ledgers, money, and transactions are described in preparation for a focus on cryptocurrencies. Bitcoin is then used as an example cryptocurrency since it's the first and easiest to understand.
Finally, the beginning of Bitcoin’s operation is introduced, including the de-centralized nodal network, time-stamped append-only logs (databases), digital ledgers, monetary policy and digital signatures. The hash function (central to all blockchains) is described in detail, showing how the algorithms work and why hash is so powerful and useful.
When this course is completed, an engineer of any background will be ready to learn the technical details of what happens under the hood of blockchain systems and will be better prepared to become personally involved with cryptocurrencies.
Specific Knowledge or Skill Obtained
This course teaches the following specific knowledge and skills:
- Basic understanding of money, fiat currency, ledgers and transactions
- Detailed understanding of hash functions, their applications and benefits
- Introduction to popular terms involved with blockchain and cryptocurrency applications
- Transformer maintenance tips
Video on Demand
This course is a recorded version of a live lecture and will be streamed directly to your computer's media player. Our format is generally compatible with media players included with all computers and mobile devices. After watching the video presentation, you will return to your account to take the online quiz. While this is a recording of a live presentation, please note that this recording will not qualify as a "live" or "interactive" continuing education activity in those jurisdictions where it is required.
Certificate of Completion
You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 10 questions. PDH credits are not awarded until the course is completed and quiz is passed.
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Preview a portion of the video before you purchase it.
Credit: 1 PDH
