Andrew Loo – Cryptocurrency Intermediates_ Understanding Ethereum – CFI Education

Andrew Loo – Cryptocurrency Intermediates_ Understanding Ethereum – CFI Education

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Andrew Loo – Cryptocurrency Intermediates_ Understanding Ethereum – CFI Education

Cryptocurrency Intermediates: Understanding Ethereum

This course explains one of the most important cryptocurrency networks, Ethereum, and how it is poised to lead the charge for decentralized finance (DeFi).

Overview

This course explains one of the most important cryptocurrency networks, Ethereum, and how it is poised to lead the charge for decentralized finance (DeFi). In this course, we will examine the origins and purpose of Ethereum. We will also compare how its purpose is different from Bitcoin as digital currency because Ethereum allows the use of Smart Contracts and Decentralized Applications (Dapps). We will also teach you how the supply and demand fundamentals of Ethereum is unique. After taking this course, you will have a greater appreciation for the Ethereum network.

Cryptocurrency Intermediates: Understanding Ethereum Learning Objectives

Upon completing this course, you will be able to:Understand what is Ethereum the difference between

  1. Ether and Ethereum
  2. Differentiate between proof of work and proof of stake
  3. Learn about the purpose and background of Ethereum
  4. Understand what are Smart Contracts and Dapps
  5. Be able to explain how the concept of Gas works in Ethereum.

Who Should Take This Course?

Understanding Ethereum is aimed at learners who want to learn more about how Ethereum fits into the exciting new field of Decentralized Finance (DeFi).

What you’ll learn

Course Introduction

  • Course Introduction
  • Lesson Objectives
  • Review

Decentralized Finance

  • Ethereum – DeFi, Dapps, and Smart Contracts
  • Ethereum vs. Ether
  • Tokens

The Origins of Ethereum

  • Vitalik Buterin
  • Alan Turing
  • Turing vs. Non-Turing

Dapps and Smart Contracts

  • Smart Contracts
  • Nick Szabo
  • Distributed State Machines
  • So Why Dapps and Smart Contracts
  • So Why Dapps and Smart Contracts – Example 1
  • So Why Dapps and Smart Contracts – Example 2
  • Other Possible Use Cases
  • Benefits of Dapps and Smart Contracts
  • Limitations of Dapps and Smart Contracts

Case Study: The DAO Heist

  • The DAO Heist

Supply and Demand Factors of Ethereum

  • The Differences in Bitcoin
  • Gas
  • Gas – The London Upgrade
  • Gas – Understanding the Terms
  • Alice and Bob
  • Live Ethereum Transaction
  • Block Rewards

Ethereum 2.0

  • Proof of Work (POW)
  • A “51% attack”
  • Environmental Impact of Mining
  • Proof of Stake (POS)
  • Validators and Stakers
  • Ethereum 2.0
  • The “Beacon Chain”

Course Summary

  • Course Summary

Qualified Assessment

  • Qualified Assessment

Our Policies

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