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Blockchain technology is most simply defined as a decentralized, distributed ledger that records a digital asset. Blockchain is a fascinating new technology. They enable fully decentralized databases, resistant to censorship, and potentially allowing for system adoption in critical applications like money and identity. A blockchain is a distributed, append-only database (ledger) maintained by a decentralized computing network running software that determines the database's consensus state. That software may process transactions or run stored procedures ("smart contracts"), and it uses proof-of-work with monetary incentives or some other similar mechanism to protect against cheating (e.g., a Sybil attack). This is necessary since any number of unauthenticated participants may participate in the network. For our purposes, it's easiest to think of a blockchain as a decentralized database where there is no central administrator. Still, every computer in the network keeps a full copy of the database and processes every transaction. To break this down a bit, a blockchain is an append-only database (immutability), is readable by all parties involved (transparency) is not controlled by any one party (decentralization). Note that other technologies have some of the same attributes. For example, we can build databases that are publicly readable or verifiably append-only. We can run procedures and store the results in databases. We have decentralized networks. And we have consensus mechanisms for systems with a known set of participants. We even have systems like Trillian that provide append-only, transparent, decentralized data storage for a general group of participants far more efficiently than blockchain (and we believe these are severely underappreciated and probably what 9 out of 10 people need when they think they need a blockchain). The primary blockchain differentiator allows for fully decentralized databases — ones with arbitrary numbers of unknown participants.
What are the problems solved by this course?
You will be learning the importance of consensus in transactions, how transactions are stored on Blockchain, history of Bitcoin and how to use Bitcoin. Along with insights related to how does mining of cryptocurrency functions with in depth knowledge on Hyperledger, walkthrough on different types of cryptocurrencies in the market and a lot more.
This comprehensive Blockchain course is ideal for a wide range of professionals, including:"Nilesh is a Digital Enterprise Architect and has almost three decades of hands-on experience in IT consulting, a great relationship with 5C companies, and the connection operating with CXO level executives of clients in the Digital Service Providers Industry. Furthermore, he is also an active contributor to Business and Technology Consortiums like TM-FORUM USA, Blockchain Training alliance USA, Open Group USA, GRAPA USA, Axelos UK, Khan Academy INDIA, OpenStack Cloud US. During the last decade, he expanded further to provide Consulting, Training, and Coaching Services to IT Clients and Communication Service Providers (CSPs) across APAC, Europe, and North American Markets."
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