July 23, 2024

Advancing Digital Growth

Pioneering Technological Innovation

Blockchain Tutorial for Beginners [Updated 2024]

11 min read

Table of Contents

Topics Covered

  1. What is Blockchain Technology? 
  2. Features of Blockchain?
  3. Why is Blockchain Important?
  4. What Is Cryptocurrency?
  5. What is a Blockchain Wallet?
  6. What is Ethereum? 
  7. Bitcoin vs Ethereum: Which One is Better?
  8. What is Ethereum Mining?
  9. What is a Smart Contract in Blockchain?
  10. What is Dogecoin?
  11. Dogecoin vs. Bitcoin
  12. Dogecoin Mining: Understanding The Fundamentals
  13. A Look into The Digital Dogecoin Wallet
  14. 5 Industries That Blockchain Will Disrupt in Future
  15. Emerging Blockchain Applications Across Industries
  16. How To Become a Blockchain Developer? 
  17. What is NFT?
  18. The complete guide on Solidity Programming
  19. The Future of Shiba Inu Coin
  20. Understanding the Fundamentals of Ethereum Classic
  21. What is the Merkle Tree in Blockchain?
  22. What is Cardano?
  23. What is Matic Network? 
  24. Top 30 Blockchain Interview Questions and Answers for 2022
  25. What is Tether?
  26. A Comprehensive Comparison Of NFT Vs. Crypto
  27. What Is Web 3.0?
  28. Types of Blockchain
  29. What Is DeFi?
  30. What Is Ripple?
  31. What Is Binance?

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Blockchain Tutorial: Table of Contents

Lesson 1: What Is Blockchain Technology? 

Blockchain technology is a new way of handling digital transactions that have started to gain traction in recent years. It works by creating an unalterable record of all the transactions that have ever taken place on a network called a blockchain. This means that no one can tamper with or edit the records without being detected and punished.

Lesson 2: Features Of Blockchain

Blockchain is a new technology that is changing the way we do business. Originally designed as a way to remove the need for a middleman in transactions, it has since been used for a variety of purposes, including but not limited to identity management, supply chain management, and data storage.

Lesson 3: Why Blockchain Is Important?

Blockchain is a distributed digital ledger of all cryptocurrency transactions. This technology has the potential to change the way we do business and could even have far-reaching implications for society as a whole. Here are four reasons why blockchain is so important:

  • Blockchain is secure
  • Blockchain is transparent
  • Blockchain is tamper-proof
  • Blockchain enables peer-to-peer transactions without reliance on a central authority or third parties like banks

Lesson 4: What Is Cryptocurrency?

Cryptocurrency is a digital or virtual currency that uses cryptography to encrypt its transactions and regulate the creation of new units. They are often traded on decentralized exchanges and can also be used to purchase goods and services. 

Lesson 5: What Is A Blockchain Wallet?

A blockchain wallet is a digital wallet that allows you to store, send, and receive cryptocurrencies like bitcoin and Ethereum. Blockchain wallets are similar to traditional bank accounts in that they allow users to easily transfer funds between their various accounts. But where banks rely on centralized systems to hold customers’ money, blockchain wallets use decentralized technology to manage transactions.

Lesson 6: What Is Ethereum? 

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference. It’s this unique feature that makes Ethereum especially appealing to developers and entrepreneurs, who can use it to build apps on top of it with no risk of censorship or theft.

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Lesson 7: Bitcoin vs Ethereum: Which One is Better?

  • Bitcoin is a decentralized digital currency that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. 
  • Ethereum is also a decentralized digital currency, but it goes beyond being just a payment system. It is also a platform that allows developers to build and run decentralized applications (dapps). These dapps can be used to create anything from smart contracts to Decentralized Autonomous Organizations (DAOs). 

Lesson 8: What Is Ethereum Mining?

Ethereum Mining is the process of using your computer to help power the Ethereum network and reward participants for their contributions. Every time a user sends a transaction on the Ethereum network, they are rewarded with Ether (ETH). This helps keep the network running and protected from malicious attacks.

Lesson 9: What Is A Smart Contract in Blockchain?

A Smart Contract is a contract that is executed through the use of blockchain technology. This involves a digital ledger of all contracts and transactions, which are tamper-proof and accessible by everyone on the network. Whenever someone tries to modify or delete a contract, their attempt will be recorded in the public ledger as well. This makes it difficult for anyone to falsify records or try to cheat other participants.

Lesson 10: What Is Dogecoin?

Dogecoin is a cryptocurrency that was created as a fun way to make online transactions more accessible. It started as an imitation of Bitcoin, but it has since developed its unique properties and currency system. Dogecoin uses a peer-to-peer network to facilitate transactions. Unlike many other cryptocurrencies, Dogecoin has a very easy-to-use blockchain, making it a popular choice for new cryptocurrency users. 

Lesson 11: Dogecoin vs. Bitcoin

Dogecoin and Bitcoin are both types of digital currencies. But what’s the difference between them?

  • Bitcoin is more popular than Dogecoin
  • Bitcoin offers greater potential for growth than Dogecoin does currently. 
  • Dogecoin has an active community of supporters who give it extra liquidity and push its prices up during volatile markets. 
  • Bitcoin is more centralized than Dogecoin – mining pools control about 50% of all hashing power on the network, while Dogecoin relies on users distributed across the web to contribute their computing resources. This creates more stability for Doges overall because individuals cannot corrupt or cheat the system easily as they can with Bitcoin.

Lesson 12: What is Dogecoin Mining?

Dogecoin mining is the process of using a computer to validate and add new transactions to the Dogecoin blockchain. Mining Dogecoin can be a fun way to earn some extra money, and it also helps support the development of the cryptocurrency. Miners are rewarded with Dogecoins for their participation in this process.

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Lesson 13: Digital Dogecoin Wallet

A digital Dogecoin wallet is a great way to store your DOGE. A digital Dogecoin wallet allows you to keep your DOGE safely and securely, without having to worry about losing them or having them stolen.

Lesson 14: 5 Industries That Blockchain Will Disrupt in the Future

There’s no doubt that blockchain technology is changing the world. It has the potential to disrupt a wide range of industries, and we’re going to see more and more examples of this in the future. Here are five industries that we think will be particularly impacted by blockchain shortly:

– Healthcare

– Banking

– Food Safety

– Supply Chain Management

– Gaming

Lesson 15: Emerging Blockchain Applications Across Industries

Blockchain technology has been heavily disrupting the world of finance and other sectors for some time now. But this isn’t the only sector that is benefiting from this innovative technology. Here are some emerging blockchain applications that are having a big impact on industries across the board.

  • Healthcare: Blockchain technology can be used to track medical records more accurately and securely than ever before. It can also help decrease fraud by tracking medication prescriptions as they’re administered.
  •  Retail: Recent studies have shown that shoppers prefer items that have been authenticated using blockchain technology rather than traditional security measures, such as RFID tags or barcodes. This allows retailers to reduce costs associated with inventory management, theft prevention, and customer service issues. 
  • Logistics & Supply Chain Management

Lesson 16: How To Become a Blockchain Developer?

If you’re interested in developing on the blockchain, then it’s important to know how to become a blockchain developer. There are a few key steps that you need to take to get started:

  • Learn about blockchains and cryptocurrencies.
  • Understand coding principles and frameworks. This includes things like object-oriented programming (OOP), functional programming techniques, and data structures, such as stacks and queues.
  • Get familiar with distributed systems design patterns.
  • Incorporate security best practices into your development workflow from the very beginning.

Lesson 17: What is NFT?

Non-fungible tokens (NFTs) are a new kind of digital asset that offers unique benefits over other types of digital assets. Unlike regular cryptocurrencies, which are purely deflationary, NFTs can have a fixed supply and represent ownership of something tangible, such as virtual goods or intellectual property. This allows for more liquid markets and greater flexibility when it comes to exchanging them between users.

Lesson 18: The Complete Guide on Solidity Programming

Solidity is a language for programming smart contracts on the Ethereum blockchain. It is similar to other mainstream languages like Java and JavaScript, but it has been designed specifically for building decentralized applications.

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Lesson 19: The Future of Shiba Inu Coin? 

Looking to invest in a crypto that has a bright future? Shiba Inu Coin may be the right choice for you! The idea is to create a global currency that is accessible to everyone, and that can be used to purchase goods and services. This innovative crypto is set to take the world of finance by storm in 2022, and there’s no telling how big it will become. 

Lesson 20: Understanding the Fundamentals of Ethereum Classic

Ethereum Classic is a platform that runs on blockchain technology. It was created after the Ethereum network was attacked and compromised, resulting in the loss of millions of dollars worth of ERC20 tokens. Ethereum Classic aims to be the original Ethereum platform and offers several features that are unique to it. 

Lesson 21: What is the Merkle Tree in Blockchain?

The Merkle Tree is a data structure used in blockchain technology. It helps to ensure the validity of transactions and builds a tamper-proof record of all events that have happened in the system. The tree consists of nodes or blocks, and each block contains a list of transaction hashes as well as other information (such as the time it was created).

Lesson 22: What is Cardano?

Cardano is a new blockchain platform that focuses on smart contracts, scalability, and decentralized applications. Cardano is designed to provide a solution for three major problems faced by current blockchains: high transaction fees, slow processing times, and lack of flexibility. Cardano uses a layered approach that allows it to scale up as needed without sacrificing functionality or decentralization. This allows it to handle high throughputs while still maintaining security guarantees.

Lesson 23: What is Matic Network? 

Matic Network is a blockchain-based platform that allows businesses to hire dApps to power their operations. With Matic, companies can access the full range of features and capabilities offered by Ethereum while still keeping their data isolated from the public network.

Lesson 24: Top 30 Blockchain Interview Questions and Answers for 2022

Are you interested in learning more about blockchain? If so, we’ve got the perfect article for you. In this article, we will share with you the top 30 blockchain interview questions and answers for 2022. By knowing what is being asked, you will be able to show your skills and knowledge in the field and land your dream job. 

Lesson 25: What is Tether? 

Tether is a digital currency that operates on the Bitcoin blockchain. It was created in 2014 and is managed by Tether Limited, a company registered in the British Virgin Islands. Tether is used to purchase items in the real world, and its value is pegged to the value of the US dollar. Tether is backed by real-world assets, so it maintains its value even if the price of Bitcoin or another cryptocurrency falls.

Lesson 26: A Comprehensive Comparison Of NFT Vs. Crypto

Non-fungible tokens (NFTs) and cryptocurrencies are two of the most interesting new trends in blockchain technology. 

  • An NFT (non-fungible token) is a digital object that can have unique properties, such as ownership rights, scarcity levels, or functions.
  • Cryptocurrencies are digital or virtual units that use cryptography to secure their transactions and control the creation of new units.

Lesson 27: What Is Web 3.0?

Web 3.0 is a term used to describe the latest stage of the web development cycle. It refers to a new generation of web applications and services that are built using blockchain technology. At its core, Web 3.0 is about moving away from centralized control and embracing distributed ledgers. This shift will enable a more open and equitable web, where users can trust that their data is safe and their transactions are secure.

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Lesson 28: Types of Blockchain

There are a few different types of blockchain, 

  • Distributed ledger technology (DLT), also known as the blockchain, is a distributed database that maintains a continuously growing list of digital transactions. Transactions are spread across many nodes in the network, making it difficult for anyone to tamper with them. This makes it an excellent choice for cases where you need to track records that require transparency and trustworthiness, such as voting or contracts.
  • A ConsenSys chain is similar to DLT in that every node keeps a copy of the data. However, unlike DLT, ConsenSys chains do not allow participants to add new entries without consensus from all other nodes in the network. This makes it useful for applications that require high security but low scalability (for example: tracking property rights). 
  • Smart contracts are code segments that run on Ethereum Virtual Machines and can be used to execute contractual obligations between parties automatically. 

Lesson 29: What Is DeFi?

DeFi (distributed finance) is a term that refers to the use of blockchain technology and cryptocurrencies to facilitate financial transactions. DeFi platforms allow users to make direct payments or borrow money using cryptocurrency as collateral. These platforms also provide access to a wide range of financial products, including loans, credit cards, and asset-backed securities.

Lesson 30: What Is Ripple?

Ripple is a cryptocurrency that can also be used to transfer money between different currencies. Ripple works by creating a global network of financial institutions that uses the Ripple ledger to make international payments easier and faster. This network allows banks and other organizations to send money directly to each other without having to go through traditional banking systems.

Lesson 31: What Is Binance? 

Binance is a popular cryptocurrency exchange that offers users an easy and user-friendly platform to buy and sell cryptocurrencies. It has rapidly become one of the most popular exchanges in the world, with nearly two million registered users and over $1 billion in traded volume every day. Binance allows users to trade a variety of different digital assets, including Bitcoin, Ethereum, Litecoin, and other altcoins.

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