How Can You Understand Blockchain As a Non-Technical?

1
(No Transcript)
2
How can You Understand Blockchain As Non -
Technical

• Are you an individual having a profound passion
  for learning all about blockchain, but don't know
  where to start? Don't worry, you are not alone!
  Thanks to the internet, learning blockchain
  concepts has become simple and can be learned
  within less time as a whole world of information
  is made available to you just with the click of a
  button.

3

• This article will focus on the basic concepts to
  be learned to understand the basics of a
  blockchain and the attainable ways you can adopt
  to speed up your learning process.

4
What Is Blockchain Technology

• Before you start learning the technicalities of a
  blockchain, you first need to grasp the
  definition of blockchain. A blockchain is a
  shared digital ledger or database that securely
  maintains a growing list of records or
  transactions. You can understand it as being a
  spreadsheet like Excel. Some of its special
  qualities are

5

• Decentralized- There is no central authority who
  sets rules and approves transactions.
• Public ledger- Each and every entry on the
  blockchain is maintained by nodes or servers and
  each node can view the transaction data stored in
  the blocks.
• Trusted- The distributed nature of a blockchain
  network needs computer servers for reaching a
  consensus. This allows transactions to happen
  between unknown parties.

6

• 3. Automated- Blockchain software is written
  in such a way as to avoid the occurrence of
  conflicting transactions in the dataset.
  Transactions occur automatically in a blockchain.
• 4. Distributed- A blockchain network is
  distributed which means that transactions between
  parties happen only after the servers reach a
  consensus.
• 5. Immutable- This implies that a
  blockchain is tamper-proof. Once any information
  is added to the blockchain, it cannot be modified
  or deleted by anyone.

7

• 6 Public key cryptography- In a blockchain,
  mathematical principles are used to safeguard
  digital property. Special algorithms are used to
  map all valuable data to a public key or global
  identifier and ownership rights are granted only
  to the individual who has the private key.

8

• With the Blockchain system, we can expect the
  system to be more secured, and it takes safety to
  the next level. The Blockchain system is
  decentralized, and hence it is less prone to
  attack and vulnerabilities, thereby ensuring
  complete safety of your information.

9

• So, How Does a Blockchain Function?
• Miners, the ones who run the computers on a
  blockchain network, receive requests to verify
  transactions. These requests are termed as
  blocks. After the block is validated, it is
  passed onto to a node to be added to the
  blockchain. Once a certain number of blocks are
  verified, the transaction is deemed valid
  following which transactional exchange takes
  place.

10

• In a blockchain, there are also methods put in
  place to ensure that one miner is not given more
  authority than another and that all the miners
  validating blocks are not in the same geographic
  area.

11

• Once you understand these concepts, it means that
  you have gained a broader idea of blockchain. But
  you will certainly still have many unanswered
  questions- Is it possible for someone to guess my
  private key? How can a database have a record of
  each and every transaction? Can an elected miner
  take over the system?

12

• To get answers to these questions and much more,
  you can start reading articles, whitepapers,
  blogs, or research papers online to understand
  more technical concepts such as hash functions,
  long chains, hard forks, off-chain scalability,
  and Merkle trees.

13

• To get answers to these questions and much more,
  you can start reading articles, whitepapers,
  blogs, or research papers online to understand
  more technical concepts such as hash functions,
  long chains, hard forks, off-chain scalability,
  and Merkle trees.

14
Speeding Up Your Learning Process

• To constantly stay in touch with blockchain
  concepts and to be aware of the advancements that
  take place in the blockchain sphere, it is
  important for you to enroll in a structured
  learning experience. The best way to do this is
  by enrolling in comprehensive certifications
  offered by popular online learning platforms.
  These will provide you with profound knowledge in
  the fundamentals of blockchain and will give you
  the essential knowledge and technical skills
  needed to even pursue a career in blockchain.

15

• Another way of learning blockchain is to read.
  This is the primary recommendation of insiders
  from the blockchain industry to non-developers.
  Understanding the concepts mentioned in Satoshi
  Nakomoto's whitepaper, Bitcoin A Peer-to-Peer
  Electronic Cash System will provide you a deep
  understanding of blockchain technology.

16

• Attending events is another way to learn from
  experts in the blockchain community. You can join
  groups and attend events across the globe to
  engage with passionate people. You can also take
  part in in-person or virtual hackathons to
  connect with people who solve problems using
  blockchain.

17

• Conclusion
• With blockchain evolving at such a rapid pace, it
  is important that you evolve too! To get instant
  updates about blockchain certifications online
  and become a blockchain expert, check out
  Blockchain Council.

18
Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

19
(No Transcript)