Congratulations!
Congratulations on completing this course on Blockchain and Bitcoin Fundamentals. At this point you
know far more than the majority of people out there when it comes to blockchain and Bitcoin. And you
can feel confident when you're talking to others that you know what blockchain is and what Bitcoin is.
Let's review some of the key items that we covered in this course.
We began with what is a blockchain.
We defined that a block chain is a constantly growing ledger that keeps a permanent record of all the
transactions that have taken place, in a secure, chronological and immutable way.
We specified that a blockchain is one of the key technologies that actually enables Bitcoin to happen.
So we defined what Bitcoin was, and we said that a bitcoin is an asset of value that can be exchanged between
two parties over the web without needing a third party like a bank, credit card or some other clearinghouse.
As you drill closer into what Bitcoin is, we went into some key concepts of what makes Bitcoin Bitcoin
and what we said was a transfer of value in bitcoin.
Is Disintermediated. And being Disintermediated means that you are eliminating that third party.
Bitcoin is able to replace that third party, instead of needing a bank, a credit card, or some other type
of clearinghouse with a distributed network of Nodes called the Bitcoin Network. By being distributed,
none of the work is taking place in a centralized location.
So there is no single point of failure.
That means that Bitcoin is decentralized which was one of the other key concepts that we talked about
.
We looked at another key concept which is the fact that Bitcoin is Trustless and what Trustless
means is that there is no need for any third party to bring trust into the network.
The network itself is Trustless, it has trust built in.
We said that the goal of the network is to deliver a single, permanent and immutable source of truth
Shared, confirmed and trusted by all.
After we completed that section, we spoke about the fact that blockchain supports three key areas that
the Internet has some deficiencies in. The first one is Value.
The second one is Trust.
And the third one is that blockchain helps bring back Reliability to the Internet.
We completed that section and moved on to some common misconceptions about blockchain.
We went through the top 10 common misconceptions.
We went on in the next section on how you can get started with Bitcoin and how you can open up your
Wallet, and begin receiving and sending Bitcoin.
And those are the items we covered in the course. At this point.
I'd like to share with you some other valuable free blockchain resources which I have made available
and you can take advantage of as they will help you grow further in how you understand and talk about
Blockchain and Bitcoin.
The first one is a Web site called Blockchaininformer.com which is a publication that constantly
publishes new content, and learning materials on blockchain and Bitcoin.
This is a free resource available for you.
You can also join the Facebook page for Blockchain Institute of Technology at Facebook.com/BlockchainInstituteofTechnology
where where we will be sharing valuable resources and new contents that
will benefit you.
Finally, if you're on Twitter I'd like to invite you to join us and follow me on Twitter at Twiter.com/Blockchaininfos
and Twitter.com/GeorgeLevy
I would love to have the opportunity to join you on Twitter and be able to communicate with you.
I hope you have enjoyed this course and that you have learned how to communicate more effectively in Blockchain and Bitcoin.
I look forward to staying in touch with you.