Intro To Bitcoin: Understanding The Bitcoin Standard

Welcome to "Intro To Bitcoin: Understanding The Bitcoin Standard," a comprehensive course designed for beginners and enthusiasts alike who wish to delve deep into the world of Bitcoin and its underlying principles. This course is structured to demystify the complexities of Bitcoin, providing students with a solid foundation in cryptocurrency, blockchain technology, and the revolutionary impact of Bitcoin on the global financial system.

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EDEN Admin

Hours

9 Enrolled

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English

Last updated

Mon, 26-Feb-2024

Course description

Course Objectives:

By the end of this course, students will:

Understand the origins, development, and key concepts of Bitcoin.
Gain insight into how Bitcoin uses blockchain technology to secure transactions and create a decentralized financial system.
Explore the economic principles underlying Bitcoin and its role as digital gold.
Learn about the Bitcoin network, including how transactions are processed and blocks are mined.
Understand the implications of Bitcoin on global finance, including its potential to act as a hedge against inflation and its role in financial sovereignty.
Gain practical knowledge on how to securely buy, store, and use Bitcoin.
Explore the challenges and criticisms of Bitcoin, including scalability, environmental impact, and regulatory concerns.

What will i learn?

Explain the Origins and Development of Bitcoin: Understand the historical context that led to the creation of Bitcoin and how it has evolved over time. Describe the key problems Bitcoin aims to solve within the traditional financial system.
Understand Blockchain Technology: Explain how blockchain technology works and why it's considered revolutionary. Understand the concepts of decentralization, cryptographic security, and consensus mechanisms in the context of Bitcoin.
Grasp the Economic Principles of Bitcoin: Articulate how Bitcoin's monetary policy, including scarcity and halving events, contributes to its value proposition as "digital gold." Discuss Bitcoin's impact on traditional financial systems, including its potential to offer financial sovereignty and hedge against inflation.
Perform Basic Bitcoin Transactions: Demonstrate how to set up a Bitcoin wallet, buy Bitcoin securely, and conduct transactions. Understand the importance of private keys, public addresses, and wallet security.
Critically Assess Bitcoin’s Role and Future: Evaluate the challenges facing Bitcoin, including scalability, environmental concerns, and regulatory hurdles. Predict potential future developments in the Bitcoin ecosystem and its impact on global finance.
Engage with the Bitcoin Community: Navigate the broader Bitcoin and cryptocurrency community for ongoing learning and networking. Understand the importance of community-driven development, open-source projects, and the ethos of decentralization.

Requirements

There are no prerequisites for this course. A keen interest in finance, technology, or cryptocurrencies is beneficial.

Frequently asked question

Answer: No, there are no prerequisites for this course. It is designed for beginners and anyone interested in learning about Bitcoin and blockchain technology from the ground up. A general interest in finance, technology, or cryptocurrencies will enhance your learning experience, but it's not required.

Answer: Upon completion, you will have a solid understanding of Bitcoin, including its history, the technology behind it, and its economic principles. You'll learn how to securely buy, store, and use Bitcoin. Additionally, you'll be able to critically assess Bitcoin's role in the global financial system and understand its potential future impacts and challenges.

Answer: The course content is delivered through a mix of lectures, interactive discussions, practical workshops, and case studies. We aim to provide a comprehensive and engaging learning experience that includes theoretical knowledge and practical skills.

Answer: Yes, the course includes various forms of assessment to enhance your learning experience. These may include quizzes, a final project, and active participation in discussions. The final project is designed to allow you to apply what you've learned in a practical, real-world context.

Answer: The knowledge and skills gained from this course can be applied in various ways, depending on your interests and professional goals. You may use it to make informed decisions about investing in Bitcoin or other cryptocurrencies, develop blockchain-based projects, enhance your career in finance or technology, or simply have more informed discussions about the future of money and digital currencies.

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Free

Lectures

0

Skill level

Beginner

Expiry period

Lifetime

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