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Blockchain Fundamentals
Blockchain Made Easy
Created by 101blockchains.com
Created by 101blockchains.comBlockchain Fundamentals
Abstract
➢ What exactly is Blockchain Technology
➢ Must know Blockchain Terms
➢ What are Smart Contracts?
➢ Blockchain Digital Transformation
➢ How Blockchain will change our world?
Created by 101blockchains.comBlockchain Fundamentals
What is Blockchain?
“Open, distributed ledger that can record transactions between two parties
efficiently and in a verifiable and permanent way" wikipedia.org
✓ Open
✓ Distributed
✓ Ledger
✓ P2P
✓ Permanent
Created by 101blockchains.comBlockchain Fundamentals
Created by 101blockchains.comBlockchain Fundamentals
Created by 101blockchains.comBlockchain Fundamentals
Created by 101blockchains.comBlockchain Fundamentals
Created by 101blockchains.comBlockchain Fundamentals
Must know Blockchain Terms
● Airdrop: Airdrop is a process of distributed free cryptocurrency coins to the general public.
● Altcoin: Altcoin is any cryptocurrency other than Bitcoin.
● Bitcoin: Bitcoin is the first cryptocurrency that came into existence in 2009 by Satoshi Nakamoto. It is a digital
currency that doesn’t require a centralized authority to work or function.
● DAO: DAO stands for the decentralized autonomous organization.
● dApp: dApp stands for the decentralized applications that run without the control of a central authority.
● ERC-20: ERC-20 is a technical standard for issuing tokens on Ethereum blockchain.
● Ether: Ether is the fuel that powers distributed Ethereum network.
● Fiat: Fiat is the government-controlled currency and is declared as legal tender.
● ICO: ICO stands for Initial Coin Offering that is used by startups to raise funds by selling tokens.
● Mainnet: Mainnet is a working blockchain product that also provides the ability to transfer digital currencies
between users in a blockchain environment.
Created by 101blockchains.comBlockchain Fundamentals
● 51% Attack: 51% attack is a common vulnerability with blockchain technology. It can be exploited by a group of
miners if they control 51% of the hash rate of the whole network.
● Utility Token: Utility token is token that has a utility attached to it. They are used for accessing a product or
service.
● DYOR: DYOR stands for "Do Your Own Research“.
● FOMO: FOMO stands for Fear Of Missing Out.
● FUD: FUD stands for Fear, Uncertainty, and Doubt .
Must know Blockchain Terms
Created by 101blockchains.comBlockchain Fundamentals Created by 101blockchains.comBlockchain Fundamentals
Created by 101blockchains.comBlockchain FundamentalsBlockchain Fundamentals Created by 101blockchains.com
Created by 101blockchains.comBlockchain Fundamentals
What Are the Advantages of Smart Contracts?
✓ Total Transparency
✓ No Miscommunication
✓ Efficient Performance
✓ No Paperwork
✓ Backup
✓ Trustworthy
✓ Guaranteed Outcomes
Created by 101blockchains.comBlockchain Fundamentals
Disadvantages of Smart Contracts
× Confidentiality
× Error
× Rogue Contracts
Created by 101blockchains.comBlockchain FundamentalsBlockchain Fundamentals Created by 101blockchains.com
Created by 101blockchains.comBlockchain Fundamentals
Is the Blockchain overhyped?
"The truth in no online database will replace your daily
newspaper, no CD-ROM can take the place of a competent
teacher and no computer network will change the way
government works.”
Clifford Stoll 2/26/95
Expectations Disappointment Production
We are here
Created by 101blockchains.comBlockchain Fundamentals
1. Technology
2. Media
3. Law and Crime
4. Transportation
5. Governmental Services
6. Human Rights
7. Finance
8. Contracts
9. Entertainment
9 Verticals of
Blockchain Transformation
Created by 101blockchains.comBlockchain Fundamentals
● Supply Chains
● Fintech
And more...
● Retail
● Shipping
● Mining
● Healthcare
● Insurance
2017-2018 Leading Sectors
Created by 101blockchains.comBlockchain Fundamentals
Web 3.0 is the 3rd generation of the
internet where the devices are
connected in a decentralized network
rather depending on server-based
databases.
The new internet is a user-centric,
more secured, private and better
connected.
Web 3.0
Created by 101blockchains.comBlockchain Fundamentals
Web 3.0 Benefits
● Anti-monopoly
● Pro-privacy
● Secure network
● Data Ownership
● Interoperability
● No interruption in service
● Permissionless blockchains
● Semantic Web
● Ubiquity
Created by 101blockchains.comBlockchain Fundamentals
Remember
● Decentralized Internet
● No central authority
● Data Flow
● New Business Models
● dApps
Created by 101blockchains.comBlockchain Fundamentals
● Social Networks
● Exchange Services
● Messaging
● Storage Services
● Insurance and Banking
● Streaming Services
● Remote Jobs
● Browsers
Web 3.0 Ecosystem
Created by 101blockchains.comBlockchain Fundamentals
● Integrity
● Write Access
● Cost
● Trust
Blockchain Fundamentals
Bonus #1
Blockchain vs Database
Created by 101blockchains.comBlockchain Fundamentals
● Currency Tokens
● Asset Tokens
● Utility Tokens
● Equity Tokens
Blockchain Fundamentals
Bonus #2
Different Types of Tokens
Join Our Community
www.101blockchains.com
Created by 101blockchains.comBlockchain Fundamentals
Want to learn more?
Blockchain Technology
https://101blockchains.com/ultimate-blockchain-technology-guide/
Blockchain Definitions
https://101blockchains.com/blockchain-definitions/
Smart Contracts
https://101blockchains.com/smart-contracts/
20 Enterprises Which Are Implementing Blockchain Technology
https://101blockchains.com/enterprises-implementing-blockchain/
Blockchain Digital Transformation- 30+ Blockchain Transformation Examples
https://101blockchains.com/blockchain-digital-transformation/
Web 3.0 Will Be Powered by Blockchain Technology Stack
https://101blockchains.com/web-3-0-blockchain-technology-stack/
35+ Web 3.0 Examples Of How Blockchain Is Changing The Web
https://101blockchains.com/web-3-0-examples/
Blockchain Implementation Guide: Empower Your Business
https://101blockchains.com/blockchain-implementation-guide/
Web 3.0 Will Be Powered by Blockchain Technology Stack
https://101blockchains.com/web-3-0-blockchain-technology-stack
Do You Need a Blockchain
https://101blockchains.com/do-you-need-a-blockchain/

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Blockchain Fundamentals - Top Rated for Beginners

  • 1. Blockchain Fundamentals Blockchain Made Easy Created by 101blockchains.com
  • 2. Created by 101blockchains.comBlockchain Fundamentals Abstract ➢ What exactly is Blockchain Technology ➢ Must know Blockchain Terms ➢ What are Smart Contracts? ➢ Blockchain Digital Transformation ➢ How Blockchain will change our world?
  • 3. Created by 101blockchains.comBlockchain Fundamentals What is Blockchain? “Open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way" wikipedia.org ✓ Open ✓ Distributed ✓ Ledger ✓ P2P ✓ Permanent
  • 8. Created by 101blockchains.comBlockchain Fundamentals Must know Blockchain Terms ● Airdrop: Airdrop is a process of distributed free cryptocurrency coins to the general public. ● Altcoin: Altcoin is any cryptocurrency other than Bitcoin. ● Bitcoin: Bitcoin is the first cryptocurrency that came into existence in 2009 by Satoshi Nakamoto. It is a digital currency that doesn’t require a centralized authority to work or function. ● DAO: DAO stands for the decentralized autonomous organization. ● dApp: dApp stands for the decentralized applications that run without the control of a central authority. ● ERC-20: ERC-20 is a technical standard for issuing tokens on Ethereum blockchain. ● Ether: Ether is the fuel that powers distributed Ethereum network. ● Fiat: Fiat is the government-controlled currency and is declared as legal tender. ● ICO: ICO stands for Initial Coin Offering that is used by startups to raise funds by selling tokens. ● Mainnet: Mainnet is a working blockchain product that also provides the ability to transfer digital currencies between users in a blockchain environment.
  • 9. Created by 101blockchains.comBlockchain Fundamentals ● 51% Attack: 51% attack is a common vulnerability with blockchain technology. It can be exploited by a group of miners if they control 51% of the hash rate of the whole network. ● Utility Token: Utility token is token that has a utility attached to it. They are used for accessing a product or service. ● DYOR: DYOR stands for "Do Your Own Research“. ● FOMO: FOMO stands for Fear Of Missing Out. ● FUD: FUD stands for Fear, Uncertainty, and Doubt . Must know Blockchain Terms
  • 10. Created by 101blockchains.comBlockchain Fundamentals Created by 101blockchains.comBlockchain Fundamentals
  • 11. Created by 101blockchains.comBlockchain FundamentalsBlockchain Fundamentals Created by 101blockchains.com
  • 12. Created by 101blockchains.comBlockchain Fundamentals What Are the Advantages of Smart Contracts? ✓ Total Transparency ✓ No Miscommunication ✓ Efficient Performance ✓ No Paperwork ✓ Backup ✓ Trustworthy ✓ Guaranteed Outcomes
  • 13. Created by 101blockchains.comBlockchain Fundamentals Disadvantages of Smart Contracts × Confidentiality × Error × Rogue Contracts
  • 14. Created by 101blockchains.comBlockchain FundamentalsBlockchain Fundamentals Created by 101blockchains.com
  • 15. Created by 101blockchains.comBlockchain Fundamentals Is the Blockchain overhyped? "The truth in no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works.” Clifford Stoll 2/26/95 Expectations Disappointment Production We are here
  • 16. Created by 101blockchains.comBlockchain Fundamentals 1. Technology 2. Media 3. Law and Crime 4. Transportation 5. Governmental Services 6. Human Rights 7. Finance 8. Contracts 9. Entertainment 9 Verticals of Blockchain Transformation
  • 17. Created by 101blockchains.comBlockchain Fundamentals ● Supply Chains ● Fintech And more... ● Retail ● Shipping ● Mining ● Healthcare ● Insurance 2017-2018 Leading Sectors
  • 18. Created by 101blockchains.comBlockchain Fundamentals Web 3.0 is the 3rd generation of the internet where the devices are connected in a decentralized network rather depending on server-based databases. The new internet is a user-centric, more secured, private and better connected. Web 3.0
  • 19. Created by 101blockchains.comBlockchain Fundamentals Web 3.0 Benefits ● Anti-monopoly ● Pro-privacy ● Secure network ● Data Ownership ● Interoperability ● No interruption in service ● Permissionless blockchains ● Semantic Web ● Ubiquity
  • 20. Created by 101blockchains.comBlockchain Fundamentals Remember ● Decentralized Internet ● No central authority ● Data Flow ● New Business Models ● dApps
  • 21. Created by 101blockchains.comBlockchain Fundamentals ● Social Networks ● Exchange Services ● Messaging ● Storage Services ● Insurance and Banking ● Streaming Services ● Remote Jobs ● Browsers Web 3.0 Ecosystem
  • 22. Created by 101blockchains.comBlockchain Fundamentals ● Integrity ● Write Access ● Cost ● Trust Blockchain Fundamentals Bonus #1 Blockchain vs Database
  • 23. Created by 101blockchains.comBlockchain Fundamentals ● Currency Tokens ● Asset Tokens ● Utility Tokens ● Equity Tokens Blockchain Fundamentals Bonus #2 Different Types of Tokens
  • 25. Created by 101blockchains.comBlockchain Fundamentals Want to learn more? Blockchain Technology https://101blockchains.com/ultimate-blockchain-technology-guide/ Blockchain Definitions https://101blockchains.com/blockchain-definitions/ Smart Contracts https://101blockchains.com/smart-contracts/ 20 Enterprises Which Are Implementing Blockchain Technology https://101blockchains.com/enterprises-implementing-blockchain/ Blockchain Digital Transformation- 30+ Blockchain Transformation Examples https://101blockchains.com/blockchain-digital-transformation/ Web 3.0 Will Be Powered by Blockchain Technology Stack https://101blockchains.com/web-3-0-blockchain-technology-stack/ 35+ Web 3.0 Examples Of How Blockchain Is Changing The Web https://101blockchains.com/web-3-0-examples/ Blockchain Implementation Guide: Empower Your Business https://101blockchains.com/blockchain-implementation-guide/ Web 3.0 Will Be Powered by Blockchain Technology Stack https://101blockchains.com/web-3-0-blockchain-technology-stack Do You Need a Blockchain https://101blockchains.com/do-you-need-a-blockchain/