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Basics of Blockchain
Unit 1
What is Blockchain
Introduction to Blockchain Technology
Blockchain vs. Traditional Database
Blockchain Use Cases
Unit 2
How Blockchain Works
Blockchain Structure and Components
Consensus Mechanisms in Blockchain
Transaction Processing in Blockchain
Unit 3
How Blockchain is Going to Change the World
Blockchain and Financial Services
Blockchain and Supply Chain Management
Blockchain and Healthcare
Blockchain and Voting Systems
Unit 2 • Chapter 1
Blockchain Structure and Components
Summary
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Concept Check
What is a block in a blockchain?
Sets network rules
Generates new coins
Verifies transactions
Contains a list of transactions
What is a blockchain network consensus mechanism?
Track cryptocurrency value
Secure private keys
Storage for data
Method to agree on transactions
What is a node in a blockchain network?
Encrypts transaction data
Monitors trade activities
Participant maintaining a copy
Sends transaction alerts
What are public and private keys in blockchain?
Backup for blockchain data
Only for storing coins
Balance checking purpose
Used for encryption and decryption
What is a smart contract in blockchain technology?
Self-executing contract with terms
Biometric authentication
Digital signature provider
Data storage mechanism
Check Answer
Next
Consensus Mechanisms in Blockchain