Blockchain Technology
Introduction
This introductory book will provide an overview of blockchain technology and its potential applications. We will start by looking at the fundamentals of distributed ledger technology and how it works, then explore why blockchain is such a powerful tool for securely processing transactions, verifying data, and more.
From there we will cover the various types of blockchains and their different functions, such as permissionless vs. permissioned networks, public vs. private implementations, proof-of-work and consensus systems, smart contracts, and more.
Finally, we’ll discuss the various industries that are actively using blockchain technology today and areas where it could have a major impact in the future.
By the end of this book readers should have a better understanding of what blockchain is used for and its potential to transform many aspects of our world in coming years.
Objectives
- Understand the basic concepts and definitions related to blockchain technology.
- Learn about the fundamentals of blockchain systems, including distributed ledgers, consensus algorithms and smart contracts.
- Become familiar with the most popular cryptocurrencies based on blockchain technology, such as Bitcoin and Ethereum.
- Explore different blockchain application areas and understand the advantages offered by this technology in comparison to traditional solutions.
- Develop skills for designing private blockchains for businesses or creating open software projects using blockchain protocols or APIs like Hyperledger, quorum and multichain.
- Create a working prototype of a use case based on a real-world industry problem leveraging distributed ledger technology (DLT).
Target Audience: This course is aimed at beginners with no prior knowledge of blockchain technology.
Table of Contents
Introduction1: Introduction:
Overview of blockchain technology
Key terms and concepts associated with blockchain
Uses and applications of blockchain technology
Module 2: Security & Cryptography
Basics of cryptography in the context of blockchain technology
Advanced cryptography techniques used in blockchain networks and consensus algorithms (Proof-of-Work, Proof-of-Stake etc.)
Key cryptography concepts such as digital signatures, hashing algorithms, Merkle trees and secure protocol methods.
Consensus Mechanisms
Overview of consensus mechanisms such as Proof-of-Work (PoW), Proof-of-Stake (PoS) and delegated proof-of-stake (DPoS).
Module 3: Bitcoin Protocols & Altcoins
Bitcoin protocol layers, transaction models and wallet architecture.
Examination of popular altcoins including Ethereum, Litecoin, and Dash.
Module 4: Security & Privacy Principles for Blockchain Systems
Outline of security risks related to blockchain systems along with strategies for mitigating them.
Privacy principles related to distributed ledger technologies such as zero knowledge proofs (zkp).
Infrastructure Requirements for Blockchain Platforms
Module 5: Smart Contracts & Dapps Development
Components of smart contracts, writing code for smart contracts, deploying them on different blockchains.
Introducing the concept of Decentralized Autonomous Organizations (DAO), their role, challenges associated with their development and implementation.
Smart contracts, decentralized applications (DApps), distributed autonomous organizations (DAOs), utility tokens and initial coin offerings (ICOs).
Module 6: Network Architecture
The structure and architecture of public/private blockchains
Module 7: Consensus Algorithms:
How consensus is reached in distributed ledger networks using consensus algorithms such as Paxos, RAFT and Tender mint
Module 8: Governance Protocols & Regulatory Compliance
Introduction to governance practices related to public blockchains such as voting protocols and staking models.
Regulatory Frameworks & Use Cases
Regulatory compliance requirements for running a permissioned/permissionless chain.
Initiatives being taken by governments throughout the world towards regulating crypto tokens issuance and trading platforms. │
Existing regulations governing use cases linking cryptocurrency transactions, smart contracts and ICOs in various countries.
Analysis of prominent use cases such as global remittances payments, healthcare records management, supply chain optimization etc.
Module 9: Test and certification
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