In this module you will learn what a blockchain is, how its building blocks fit together and where the technology is used.
Topics covered
– What is Blockchain?
– How Blockchain Works
– Transaction Validation
– Blockchain Structure
– Peer-to-Peer Network
– Types of Blockchain
– Use Cases & Key Points
Key takeaways
– A blockchain is a digital ledger of transactions maintained by a network of computers.
– The ledger is duplicated on every node, so there is no single point of failure.
– Blocks are linked by hashes: each block stores the hash of the previous one.
– A transaction is requested, broadcast, validated, added to a block and chained.
– Public, permissioned and private blockchains trade openness for speed and cost.
– Key benefits: decentralisation, transparency, data quality, privacy and lower cost.
Open the PDF below to go through the slides.