Web 3.0 & Blockchain Primer - Are You Ready?
This is a one-hour, fast-paced “crash course” on the latest advancements in Web 3.0 technologies.
Ratings 4.80 / 5.00
What You Will Learn!
- The difference between how information and value are moved across the internet
- The vernacular of the internet’s history from Web 1.0 to Web 3.0
- Basic understanding of the blockchain, including cryptography, validation and consensus
- The purpose and functionality of hashes and digital signatures
- Proof of Work (POW) and Proof of Stake (POS) consensus techniques (including mining)
- Various blockchain applications including decentralized finance, medical records, digital identity
- Purpose of tokens including fungible and non-fungible types
- Wallets and exchanges that can be used to participate in crypto investing
- Smart contracts and the decentralized applications they enable
- Decentralized exchanges to enhance the token economy, including liquidity pools offering passive income
- Decentralized Autonomous Organizations (DAOs) that form Web 3.0 companies
Description
Terms like blockchain, cryptocurrency, and non-fungible tokens are making the news, but what do they really mean?
This course begins with a brief history of the internet, explaining how it’s a network that moves information across the world. The blockchain is then introduced, showcasing the innovation to move real value across the internet. The course explains how cryptocurrency is only one of several very interesting applications for the blockchain.
Proof of Work (POW) is shown so you can understand how mining rigs are solving cryptographic puzzles and earning passive income. Necessary details such as hash and digital signatures are explained at a high level. Wallets and centralized exchanges are described, to help you get involved with crypto investing.
Smart contracts are briefly explained using the example of a home mortgage. The core principles of Ethereum are shown, since it was the pioneer of code compilation within a blockchain. Next, decentralized exchanges are summarized, including the way liquidity pools are used to create the supply/demand economics necessary for proper operation. Fungible and Non-Fungible Tokens (NFTs) are explained in detail, so you can finally understand the technology behind the hype. Different kinds of tokens, such as utility, security & governance are also explained.
Next, interfaces known as oracles are explained. These platforms are used to interface real-world data with the blockchain. This is how everything from light switches to temperature sensors to stock exchanges can move data into Web 3.0. Similarly, smart contracts on the blockchain can control real-world devices such as motors, switches and printers.
The course concludes with a discussion about Decentralized Autonomous Organizations (DAOs). These are Web 3.0 “companies” that operate on smart contracts and have “employees” that can be pseudo-anonymous. Several of the most successful blockchain projects are created by DAOs, and are funded by a variety of tokens.
Viewers will satisfy their curiosity by learning how this amazing new technology actually works! The course is designed for a broad audience beyond computer scientists and programmers. If you’re looking to spend just one hour to learn about a refreshing, modern and different subject, this course is for you!
Who Should Attend!
- This course is intended for anybody who wants to learn a little more about Web 3.0, blockchain, cryptocurrency and all the other applications that may one day impact our lives.
- Experts will also enjoy the content as a refresher, and just might pickup a new nugget or two!