Blockchain Basics

1. Welcome to Blockchain Basics

Blockchain has been described as one of the most significant technological advances in modern history, potentially on a par with the internet, leading to it being dubbed “The Internet 3.0”. Despite the incredible potential of blockchain to reshape the world as we know it, there is still little understanding of what it is, what it does and why it is so revolutionary.

The lack in understanding of blockchain technology is partly down to the fact that it requires a new understanding of certain terms and how technologies are used. There is arguably a lack of information that breaks down the subject without expecting an understanding of a lot of technical jargon. Cryptocor is here to change this.

The goal of this module is to have a user be able to explain blockchain technology to anyone after less than 10 minutes of reading, while also offering the chance to learn about the technology in greater detail.

Blockchain Basics opens with Chapter 1, a broad and easily understood explanation of blockchain technology, as well as the history of value. Having an understanding of the history of value is especially important in grasping how blockchain and cryptocurrencies have the potential to reshape the financial industry.

Chapter 2 is a deeper dive into the technologies upon which blockchain is built. In this part of the Academy a reader can begin to grasp the individual pieces that make up blockchain as a whole and how they work together. This may sound difficult but there is still a focus on keeping these technical aspects of the technology as simple and easy to grasp as possible.

Chapter 3 explains the values that blockchain supports. For many people blockchain is more than a technology, it represents the potential to create a new, fairer system of transaction and interaction. This part examines the individual principles that blockchain enforces and how they contribute to such grand ideas.

Chapter 4 explains use cases for blockchain, both current and future, and how it could improve your life sooner than you might expect. This helps to demonstrate that blockchain technology has real use cases today and that due to how superior it is to the systems we currently have, it is only a matter of time before it becomes widely adopted around the world.

After completing all four chapters you will have a more detailed understanding of blockchain technology than the vast majority of people in the world.