Blockchain and Cryptocurrency Benifits

Overview:

Introduction

The sudden rise in the value of Bitcoin and other cryptocurrencies, and its subsequent decline, focused the world’s attention on cryptocurrencies as a means of payment. Blockchain technology powers Bitcoin and has been hyped as the next new, transformative technology.

Course Objectives

At the end of the course, participants will be able to:

• Explain how blockchain works.

• Articulate the key technical aspects, such as decentralization and consensus algorithms.

• Describe the strengths and weaknesses of cryptocurrency as an asset and a payment mechanism.

• Evaluate tradeoffs of blockchain as a business solution

Targeted Audience

• There are no requirements needed to enroll beyond having a business interest in learning how blockchain and Crypto work.

Course Outline

Unit 1: 

• Blockchain as an Asset

• Blockchain as a Business

•  the most important ideas and topics in blockchain and crypto

Unit 2: 

• The transaction cost is low to nothing at all

• Using this technology, participants can confirm transactions without a need for a central clearing authority.

• Cryptocurrency operates through the blockchain, as it too is a decentralized, digital system

Unit 3: 

• Speed up and reduce the cost of transactions

• Benefits of traditional currencies by putting the power and responsibility in the currency holders' hands

• Investing in crypto assets is risky, but can be a good investment if you do it properly and as part of a diversified portfolio.

Unit 4: 

• It will create a trusted, unfilterable, uncensorable repository of data and information that is accessible worldwide

• Blockchain offers a tremendous level of security

• Blockchain and Crypto is a storage technology used for saving data on decentralized networks