Uploaded on Mar 19, 2020
This article will focus on the basic concepts to be learned to understand the basics of blockchain Technology and the attainable ways you can adopt to speed up your learning process.
How Can You Understand Blockchain As a Non-Technical_
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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.
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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.
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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:
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1. Decentralized- There is no central authority who sets rules and approves
transactions.
2. 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.
3. Trusted- The distributed nature of a blockchain network needs computer
servers for reaching a consensus. This allows transactions to happen
between unknown parties.
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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.
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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.
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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.
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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.
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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.
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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?
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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.
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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.
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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.
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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.
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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.
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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.
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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
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THANK YOU!
Any questions?
You can mail us at
[email protected]
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