Fundamentals of Blockchain and Bitcoin

This short course covers Bitcoin and Blockchain technology. It begins with a detailed introduction to Blockchain by explaining its most important features: decentralization and distribution. It goes on to uncover some of the inner workings of the technology, and relevant elements like hashes, blocks, Merkle trees, and ledgers. The first half contains a brief history of Blockchain, an overview of its advantages, and an introduction to cryptography (the study of securing communications) and cryptocurrencies.

The second half begins with an in-depth 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 explains 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 are becoming increasingly popular as their advantages over fiat currencies (declared by governments to be legal tender and not linked to commodities like gold) become better understood. The course explains how to get started with Bitcoin, and other cryptocurrencies. Start now and gain useful understanding of Blockchain and Bitcoin in three hours.