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Cryptocurrency 101: Beginner Blockchain eLearning Course

Cryptocurrency 101: beginner blockchain elearning course

Cryptocurrency 101: Beginner Blockchain eLearning Course


Blockchain education
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Devslopes is pleased to offer their “Beginner Blockchain & Architecture” eLearning Course to the CNN community. The course is embedded below for your enjoyment and education. The team at Devslopes is a top educator in the developer elearning space. They have been a top Udemy.com instructor for the last 3 years with over 300,000 students. Devslopes has identified a material shortage of blockchain developer training resources currently available in the marketplace and is filling this void.

There are currently 1,900 global job postings on Indeed for blockchain related positions. And there are 8,000+ job postings on LinkedIn for blockchain developers globally. The number of job openings will continue to grow exponentially as blockchain technology moves through the product adoption curve.

With blockchain and cryptocurrencies on the rise, you need to gain a basic understanding of what they are and how they will change the world in the future. Devslopes’ blockchain instructors bring real-world experience with them in the digital classroom to help you learn the ins and outs of cryptocurrency, blockchain, and development. It’s best to learn from industry leaders and professionals rather than to go it alone.

This training course will teach you the basic fundamentals and history of blockchain technology. You may be asking yourself, what is blockchain technology? With this course, you’ll learn how blockchain is currently being used in present day and its potential for the future. On top of that, you’ll gain technical knowledge of cryptocurrency and blockchain architecture.

What you will learn:

  • What is blockchain?
  • History of blockchain
  • Current & future potential use cases
  • Initial Coin Offerings (ICO)
  • Blockchain developer ecosystem
  • Cryptocurrency transactions and wallets
  • Public and private keys
  • Mining & Hashing
  • Proof of Work & Proof of Stake
  • Public & private blockchains
  • Decentralized Application Platforms

What The Heck is Blockchain?

If you’ve been living under a rock terms like blockchain, crypto, and Ethereum probably sound like things that hacker man would use to take down the evil ACME Corp. If you’re one of the millions of people who don’t actually live under rocks you might still have no clue what these terms mean so prepare yourself. You’re about to go to school, blockchain school. It is time to rock the block.

Think of a blockchain as a way to digitally store information with no way to fake or alter the data. Satoshi Nakamoto, the creator of bitcoin, sought to solve a major problem  that is a constant in every transaction, the middleman. How can we eliminate the need for a trusted third party in transactions of all kinds? This can be accomplished by entrusting the verification of transactions to multiple, random and anonymous connected nodes. Those nodes are the crypto miners. Proponents of the blockchain call it, “a trustworthy system in a trustless world” because by removing the third party middleman safer, faster, and cheaper transactions can occur. Blockchain is basically an immutable public database.

The History of Money & Advent of Crypto

bitcoin is one example of blockchain tech where a digital currency was mined and granted to people based on the work put in by their computers. Mining programs basically perform complex calculations to verify the other transactions taking place around the globe are legitimate. In exchange for their processing power, they are granted tiny fractions of bitcoins, called satoshis.

Blockchain: Current & Future Potential

If you’re thinking of blockchain from a business perspective, it’s a platform where peers can exchange values using transactions without the need for a central third party. In result, blockchain removes the need to worry about the validity or the security of the transfer. The implications of this could be massive. But let’s talk about the middleman for now. Why is that such a bad thing? Any app you use is relying on a third party backend server, right? If you use an app from Google or an app with a Firebase backend you are entrusting your data, your security, and your information to them. You send it to them and they send it to whoever you’re trying to reach. If their security is breached, your security is breached as well.

What is an ICO & Can I Make My Own?

Crypto & Blockchain: Technical Overview

Some powerful blockchain examples are cheap, instant, and secure P2P money transfer that is decentralized not through PayPal or another centralized service just peer-to-peer. The blockchain can also be used as a decentralized supercomputer network which employs PCs all over the planet to perform computing tasks. The gaming and movie industry could utilize these supercomputer networks to do 3D rendering for their projects. Peers generate income by renting their computers out to process and perform tasks within the supercomputer network.

Smart contracts play an important part in the future of blockchain technology and cryptocurrencies. With smart contracts, you can exchange property from one user to another without the use of a middleman or intermediary. Smart contracts can be used in almost any type of business or industry. There are use cases for smart contracts in the automotive, financial services, healthcare and retail industries.

What Does It Mean To Be a Blockchain Developer?

This is all possible with blockchain technologies. This is just the beginning. Are you going to join the movement or wait it out?

About the author: Founded in 2015, Devslopes is the “most effective platform to learn how to code.” The company is also the creator of the Cache cryptocurrency, which runs on the NEM blockchain. Follow them on Twitter @devslope.

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Published at Wed, 11 Jul 2018 23:01:28 +0000

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Counterparty Has Reached Its Millionth Transaction

Counterparty Has Reached Its Millionth Transaction

On Thursday, the smart contract protocol Counterparty reached its millionth transaction. bitcoin Magazine received an update on the status of the project from Shawn Leary, the newly elected Counterparty community director.

Counterparty was launched in January 2014 with the creation of its native currency, XCP. Unlike typical ICOs (initial coin offerings) today that transfer funds to the founders, XCP was created by “burning” bitcoins, whereby bitcoins were sent to a special address (one for which no one owned the private key) that rendered them unspendable. Those who destroyed their bitcoins in this manner in return received an amount of XCP in proportion to their bitcoins lost.

This “proof of burn” process put all bitcoin users, including the founders, on an equal footing in terms of obtaining the native XCP token. According to Leary, the Counterparty team hopes that its unique founding sets the tone to attract new projects that won’t take advantage of users’ funds.

“We want to continue this legacy and hope it wards off scams and attracts genuine projects that use our protocol for what it was intended: decentralized markets,” said Leary.

Counterparty doesn’t have its own blockchain; rather, it exists entirely via the bitcoin blockchain. All actions taken on Counterparty are made through ordinary bitcoin transactions using XCP as the “fuel” that is spent. This means that Counterparty transactions are protected by the hashing power of bitcoin, so a double spend would require a 51 percent attack on the bitcoin blockchain itself.

Counterparty Project: More Than Games

Leary described an indie-game network that is “growing leaps and bounds around Counterparty.” This market is arguably where Counterparty has had its greatest impact. The first of these games to rise to prominence was Spells of Genesis, with its token launch in 2015.

Since then, many gaming projects have flourished on Counterparty. The Rare Pepe project currently has over 1,000 digital collectible trading cards registered via Counterparty for use in games such as SaruTobi Island and Rare Pepe Party. The augmented reality game Augmentors has also successfully raised over $1,000,000 in bitcoins in a token sale on Counterparty of the in-game asset Databits, and even won investor Vinny Lingham’s support during an episode of Shark Tank. Augmentors is currently in beta and is planning for a launch in 2018.

But there is more to Counterparty than just games. Generally, Counterparty is helping anyone create digital assets with smart contract properties that are protected by the hashing power of the bitcoin blockchain.

For instance, Counterparty’s FoldingCoin is aimed at rewarding those who provide computing power to Stanford’s Folding@home project to aid in the study of diseases such as Alzheimer’s, Huntington’s, Parkinson’s and many cancers.

In collaboration with Storj, Counterparty developed Pico payments, which will be implemented to reduce the cost of microtransactions.

Probably their most widely used token, LTBCOIN, has been used by the LTB Network for a few years now. In fact, over 17 percent of all Counterparty transactions have been with LTBCOIN.

“Every protocol has its deficiencies and quirks,” Adam B. Levine, Editor-in-Chief of the Let’s Talk bitcoin! Show, said to bitcoin Magazine. “Counterparty is no different.  What I like about it is that we’ve been building with it long enough that I understand those risks and challenges. We’ve already solved most of them, like accepting dollar payments for tokens and giving token buyers the feeling of instant fulfillment when they’d otherwise be waiting for blockchain confirmations.”

The Scaling Debate: Preparing for What’s Next

The Counterparty team has not taken a definitive position on the various scaling proposals, but continues to run bitcoin Core. Leary told bitcoin Magazine that there are two routes Counterparty could take to account for a network fork. If Counterparty supports a hard fork in advance, they will “release a new version of Counterparty utilizing the new bitcoin client, and users must switch to this new bitcoin client as well as the updated Counterparty version before the specific bitcoin fork occurs.”

Alternatively, if a fork occurs that they did not account for ahead of time, they have the option to “freeze” Counterparty balances at a specific block height on the old chain and transition to a new chain at an indicated block height. In this case, “there would be some downtime, but the process would be announced well in advance with clear instructions provided for everyone.”

The team also emphasized that since Counterparty exists entirely through the bitcoin blockchain, there can be no such thing as a fork in Counterparty itself. Counterparty nodes do not need to coordinate with one another, since all nodes simply need to monitor the canonical bitcoin blockchain, whatever the Counterparty protocol defines that to be.

Continuing Improvements

Counterparty is still continually improved with development led by core maintainers Ruben de Vries and Devon Weller. There are currently two Counterparty Improvement Proposals (CIPs) outstanding, CIP 9 and CIP 10. Both are aimed at reducing costs for transactions over the network. The team is also raising funds to upgrade counterwallet.io.

Editor’s Note: The LTB Network is a property of BTC Media.

The post Counterparty Has Reached Its Millionth Transaction appeared first on Bitcoin Magazine.