Blockchain
Blockchain
Day 1
One of the primary features of blockchain is its decentralized nature, which eliminates the
need for intermediaries in transactions, reducing costs and enhancing efficiency. Each
transaction is verified and recorded by multiple participants in the network, creating a
distributed ledger that is resistant to tampering and fraud.
The concept of smart contracts is another significant aspect of blockchain technology. Smart
contracts are self-executing contracts with the terms directly written into code, enabling
automated and secure transactions without the need for intermediaries.
Day 2
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Blockchain optimizes supply chain management by providing real-time visibility and
traceability of products and goods throughout the supply chain, enhancing operational
efficiency and reducing the risk of counterfeiting or fraudulent activities.
Its transparent and immutable ledger enables stakeholders to monitor product
movements, authenticate origins, and ensure compliance with regulatory standards,
fostering a more secure and efficient supply chain ecosystem.
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Day 3
Poll Question: "Did you know that the first-ever blockchain was conceptualized for Bitcoin
by an anonymous person or group known as Satoshi Nakamoto?"
Instructions: Cast your vote and share your thoughts in the comments below! Let's explore
more fascinating facts about blockchain together.
Day 4
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Blockchain is like a digital ledger that records transactions securely and transparently.
Imagine it as a public record book that everyone can see and add new pages to, but no
one can tear pages out or change what's written.
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Each block has a unique code called a "hash" that's like its fingerprint.
If someone tries to change something in a block, the fingerprint changes too, alerting
everyone to the tampering.
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Instead of one person keeping the record, many people, called "nodes," keep a copy of
the blockchain.
This makes it tough for anyone to cheat because everyone would notice the change.
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Transactions are verified by multiple users before they're added to the blockchain.
Once added, they can't be erased, ensuring transparency and preventing fraud.
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Day 5
Cryptocurrencies Using Blockchain and Their Advantages
Day 6
Slide 1: Coinbase
Slide 2: IBM
Slide 3: Consensys
Slide 4: R3
Expected Salary Range: $90,000 to $160,000 per year.
Tools Used: Corda, Kotlin, Java.
Slide 5: Chainlink