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Class-10

 

Class 10 – Blockchain & Smart Contract Basics

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In this introductory lecture to Module-2, the focus is on the foundational concepts of blockchain technology and smart contracts.

Key Topics Covered:

  • Emerging Technologies: A brief introduction to various emerging technologies, including blockchain, AI, IoT, and more.
  • Blockchain Basics: Definition and misconceptions surrounding blockchain technology. It emphasizes that blockchain is not just limited to Bitcoin but is a broader technology that enables a secure, decentralized, and immutable ledger of transactions.
  • Blockchain Features: Explanation of critical blockchain properties, including decentralization, transparency, immutability, and security.
  • Consensus Mechanisms: Overview of consensus protocols like Proof of Work (PoW) and Proof of Stake (PoS) used to validate and secure blockchain transactions.
  • Blockchain Applications: Discussion on how blockchain is utilized across different sectors and its benefits, including lower transaction costs, transparency, and faster settlements.

This lecture lays the groundwork for understanding the fundamental principles that govern blockchain technology, its applications, and its potential impact across various industries.

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