Blockchain & Bitcoin Fundamentals
3 Modules / 8 Topics / 3-5 Hours
The guiding principles, and inner workings of Blockchain Technology and Bitcoin.
In this online course by Growhouse, you will learn about the fundamental concepts of Blockchain and Bitcoin. You will learn about the factors that necessitate the use of Blockchain; such as its decentralization and distribution, as well as the inner workings of Blockchain technology. You will also learn about the importance of the Bitcoin cryptocurrency, and the elements needed for its use, such as wallets, exchanges, mining, pools, and much more.
This short online course covers the concepts of the use of Bitcoin and Blockchain Technology. It begins with a detailed introduction to Blockchain technology; explaining its most important features – decentralization and distribution. It then goes on to explain some of the workings of the technology, and relevant elements like Hashes, Blocks, Merkle Trees, and Ledgers. The first half of the course contains a brief history of Blockchain, an overview of its advantages, and an introduction to cryptography and cryptocurrency.
The second half of the course begins with a detailed explanation of Bitcoin and a comparison with regular/fiat currencies. This is followed by an outline of the advantages and disadvantages of the currency, as well as an explanation of the mining/creation process. It goes on to explain how to use Bitcoin, the factors that determine its price, and services like wallets and exchanges, that facilitate its use. The course concludes by distinguishing between Bitcoin and Bitcoin cash, explaining the limitations of the verification system, and steps proposed to remedy those problems.
Bitcoin, similar cryptocurrencies, and Blockchain have become increasingly popular, as their advantages over fiat currencies have become increasingly popular. This course goes into detail to explain the inner workings, guiding principles, and the factors that have contributed to the creation and increasing adoption of the technology, and the resulting currencies. It also explains how to get started with the use of Bitcoin, and other currencies. Why wait, get your crypto knowledge right now.
Module 1: Introduction to Blockchain Technology
- Learning Outcome
- Blockchain Technology
- Blockchain Structure and Features
- History of Blockchain and Cryptocurrencies
- Lesson Summary
Module 2: Bitcoin Cryptocurrency
- Learning Outcome
- Introduction to Bitcoin
- Wallets and Exchanges
- Uses and Applications of Bitcoin
- Lesson Summary
Module 3: Course Assessment
After taking this course, you will be able to:
- Define what is Blockchain
- Distinguish between the concepts of Decentralisation and Distribution
- Explain the structure of a Block in Blockchain
- Outline the purpose of Hashes and Ledgers
- Discuss the advantages of using Blockchain over other databases
- Explain the concepts of Cryptography
- Outline the advantages of using Bitcoin, over Fiat currency
- Describe the process of creating new Bitcoins
- Differentiate between Bitcoin wallets and exchanges
- Outline the factors that could affect the price of Bitcoin
- Differentiate between Bitcoin and Bitcoin Cash
- Differentiate between Hard and Soft Forks
To successfully complete this Certificate course and become a Growhouse graduate, you need to achieve 80% or higher in your assessment. Once you have successfully completed the course, you will have access to your course certificate, which is a great way to share your achievement. Your Growhouse Certificate is ideal for sharing with potential employers, include it in your CV, professional social media profiles and job applications, it is an indication of your commitment to continuously learn, upskill and achieve high results. It is also an incentive for you to continue empowering yourself through lifelong learning.