Introduction
It all started yesterday, i.e 1st November 2021
I received my acceptance mail from Team Binance and also the very 1st Day of personalised Binance Training.
CAMPUS BUIDLer by Binance
As I'm beginner in writing blogs. Please be kind. Thanks!
I would like to quote the main subject areas and then quote the sub-headings of my Learning. So, here goes nothing..
Topic 1: What is Blockchain?
A blockchain is a special type of database.
1.) Blockchain
What is a Distributed Ledger Technology (DLT)?
What is a Genesis Block?
What is an Identifier?
How do "Identifiers" impact with the Input Data?
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2.) How are blocks connected?
What is the Hashing?
How are hash values impacted over the input data?
What do each "block" in a chain contain?
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3.) Decentralization
Why does Blockchain needs to be Decentralization?
Applications of Blockchain in other Tech Domains & Technologies?
Ownership policies within a Blockchain?
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4.) Byzantine Generals Program
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5.) What is Peer-to-Peer Networking?
Roles of a peer in accordance to Blockchain?
How does Binance play it's role in handling your information/data?
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6.) Nodes in a Blockchain?
Role of a node?
Role of a user within a node?
What is a Light Node?
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7.) Public vs Private Blockchains?
Differences between a public and private blockchain?
Contributions by Bitcoin
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8.) How transactions work?
What is Double Spending?
- What are the preventive measures?
- Types of attacks within the Double Spending?
- Which are the multiple schemes adopted to store the information?
How to carry-out a blockchain transaction?
- How to send data to blockchain to wallets & receiving the data back?
- How Binance operates in this task?
How is "cryptography" related in carrying out transactions?
Contributions by Bitcoin
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9.) History and mastermind behind Blockchain Technology
- The ideas behind blockchain were first conceived as early as 1991, but it didn't receive more attention until Bitcoin was developed in 2009.
- Bitcoin was created by a person or group of people under the pseudonym Satoshi Nakamoto.
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10.) Pros & Cons of Blockchain Technology
Topic 2: What is Cryptocurrency? How does it work?
- A cryptocurrency (or crypto) is a form of digital cash that enables individuals to transmit value in a digital setting.
- A good cryptocurrency will be decentralized.
- There isn’t a central bank or subset of users that can change the rules without reaching consensus.
1.) What is Cryptocurrency?
2.) What makes Cryptocurrency unique?
3.) Why the name "Cryptocurrency"?
4.) What is public-key cryptography?
5.) Differences between Cryptocurrencies and Tokens?
6.) What are a Crypto Wallets?
7.) How does "Crypto Mining" work?
8.) Are cryptocurrencies scalable?
9.) Explored the basic Myths and Facts on cryptocurrencies.
Topic 3: What are the applications of Blockchain Technology?
Use cases
-> Charity
-> Supply chain
-> Healthcare
-> Governance
-> Royalty Payments
-> Payment Solutions & dApps
-> IoT
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