Length: 2 Days
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Fundamentals of Bitcoin and Cryptocurrency

Fundamentals of Bitcoin and Cryptocurrency is a 2-day course that focuses on Blockchain tools and applictions. Participants will also learn how to implement cryptocurrency into their organization.

A cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.

Most cryptocurrencies exist on decentralized networks using blockchain technology—a distributed ledger enforced by a disparate network of computers.

The “Crypto” part of cryptocurrency refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public-private key pairs, and hashing functions.

Bitcoin and other cryptocurrencies have erupted in popularity, especially among financial institutions, because of the  blockchain technology. As its name indicates, a blockchain is essentially a set of connected blocks of information on an online ledger. Each block contains a set of transactions that have been independently verified by each validator on a network.

Every new block generated must be verified before being confirmed, making it almost impossible to forge transaction histories. Consequently, financial entities such as JPMorgan Chase & Co. have turned to blockchain technology to lower transaction costs by streamlining payment processing.

Roughly 2,352 US businesses accept bitcoin, according to one estimate from late 2022, and that doesn’t include bitcoin ATMs.

Based on a survey polling a sample of 2,000 senior executives at US consumer businesses, merchants are embracing digital currency payments with the hope of gaining a competitive advantage in the market and in the belief that the use of digital currency will continue to expand

Many companies have recently or are seriously considering jumping into Cryptocurrency feeling that cryptocurrency may provide access to new demographic groups. Users often represent a more cutting-edge and tech-savvy clientele with disposable income for luxury goods and services.

In fact, one recent survey found that 85% of surveyed merchants see crypto payments as a way to reach new customers, while 77% said they are accepting crypto because of its lower transaction fees.

The underlying blockchain technology of cryptocurrencies can potentially transform industries other than banking. Blockchain technology’s openness, immutability, and security can benefit supply chain management, identity verification, and data privacy.

Some analysts go so far as to call cryptocurrency the currency of the future.

That’s because cryptocurrencies have the potential to fundamentally alter the way we use money. Because of its decentralization, transparency, cheaper transaction fees, faster transactions, and global accessibility, it is a desired alternative to traditional currencies.

Fundamentals of Bitcoin and Cryptocurrency Course by Tonex

Fundamentals of Bitcoin and Cryptocurrency, a 2-day interactive course, covers the fundamentals of Bitcoin, Cryptocurrency, Blockchain technology and more.

Blockchain is the technology behind the cryptocurrency. Bitcoin is the name of the best-known cryptocurrency. The blockchain technology was invented for Bitcoin, a cryptocurrency as a medium of exchange like US dollar. Bitcoin is in digital form and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.

A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using blockchain technology, participants can confirm transactions without a need for a central clearing authority. Applications can include financial applications, fund transfers, settling trades, voting, and many other issues.

Bitcoin was created by Satoshi Nakamoto. Bitcoin is digital currency that allows for secure peer-to-peer transactions on the internet using decentralized concepts. Bitcoin transactions are tracked on the blockchain similar to a bank’s ledger. Bitcoin blockchain is distributed across the entire network and there are only 21 million bitcoin.

Who Should Attend

Fundamentals of Bitcoin and Cryptocurrency course is designed for engineers, managers, and employees with little or no BItcoin, cryptocurrency or blockchain experience. The course is also useful for those who have experience with cryptocurrency or blockchain but have never had any formal training on Bitcoin.

What You Will Learn

  • An overview of Blockchain
  • A summary of Blockchain tools and applications
  • Overview of cryptocurrency
  • How to implement cryptocurrency
  • An overview of Bitcoin and its ecosystem

Course Content

Fundamentals of Blockchain, Cryptocurrency and Bitcoin

  • What is Blockchain technology?
  • Blockchain’s benefits
  • How Blockchain works
  • Blockchain building blocks
  • How financial services can create trust in blockchain
  • What is Cryptocurrency?
  • Introduction to Crypto and Cryptocurrencies
  • Hash Functions
  • Encryption
  • Digital Signature
  • Smart Contracts
  • Digital Currencies
  • How secure is Bitcoin?
  • How does Bitcoin (BTC) work?
  • What makes Bitcoin different?
  • Bitcoin as digital money

Overview of Bitcoin Building Blocks

  • Bitcoin Basics
  • Difference between Bitcoin and Blockchain
  • How to use Bitcoin
  • How to get Bitcoin
  • Bitcoin mining
  • How to buy Bitcoin
  • The principles behind Bitcoin
  • How Bitcoin works
  • Bitcoins and Blocks

Bitcoin Ecosystem

  • Bitcoin Economy
  • Bitcoin Exchanges
  • Mining Hardware
  • Mining Pools
  • Algorithm
  • Security and Centralization
  • Bitcoin Open-Source Software
  • Bitcoin Decentralized Network
  • Bitcoin Addresses and Keys
  • Bitcoin and Decentralization
  • Bitcoin protocol
  • Transactions, script, blocks
  • Peer-to-peer network
  • Storing Bitcoins
  • Hot and Cold Storage
  • Splitting and Sharing Keys
  • Online Wallets
  • Exchanges
  • Payment Service and Transactions

Other Blockchain Applications

  • Business and functional requirements
  • Enterprise Blockchain Overview
  • Enterprise Blockchain for Grid Modernization
  • Enterprise Blockchain for Supply Chain
  • Enterprise Blockchain for Internet of Things
  • Enterprise Blockchain for Healthcare
  • Enterprise Blockchain for the Internet of Things

Fundamentals of Bitcoin and Cryptocurrency

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