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Blockchain Fundamentals 101blockchains 2021

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23 views28 pages

Blockchain Fundamentals 101blockchains 2021

Uploaded by

dcarter199691
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Blockchain Fundamentals

Blockchain Made Easy

Blockchain Fundamentals Created byby


Created 101blockchains.com
101blockchains.com
Abstract

➢ What exactly is Blockchain Technology

➢ Must know Blockchain Terms

➢ What are Smart Contracts?

➢ Blockchain Digital Transformation

➢ How Blockchain will change our world?

Blockchain Fundamentals Created by 101blockchains.com


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

Blockchain Fundamentals Created by 101blockchains.com


Blockchain Fundamentals Created by 101blockchains.com
Blockchain Fundamentals Created by 101blockchains.com
Blockchain Fundamentals Created by 101blockchains.com
Blockchain Fundamentals Created by 101blockchains.com
Blockchain Fundamentals Created by 101blockchains.com
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.

Blockchain Fundamentals Created by 101blockchains.com


Must know Blockchain Terms
● 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 .

Blockchain Fundamentals Created by 101blockchains.com


Blockchain Fundamentals Created by 101blockchains.com
Blockchain Fundamentals Created by 101blockchains.com
What Are the Advantages of Smart Contracts?
✓ Total Transparency
✓ No Miscommunication
✓ Efficient Performance
✓ No Paperwork
✓ Backup
✓ Trustworthy
✓ Guaranteed Outcomes

Blockchain Fundamentals Created by 101blockchains.com


Disadvantages of Smart Contracts
× Confidentiality
× Error
× Rogue Contracts

Blockchain Fundamentals Created by 101blockchains.com


Blockchain Fundamentals Created by 101blockchains.com
Is the Blockchain overhyped?

Expectations Disappointment Production

Blockchain Fundamentals We are here Created by 101blockchains.com


9 Verticals of
Blockchain Transformation
1. Technology
2. Media
3. Law and Crime
4. Transportation
5. Governmental Services
6. Human Rights
7. Finance
8. Contracts
9. Entertainment

Blockchain Fundamentals Created by 101blockchains.com


2018 Leading Sectors

● Supply Chains
● Fintech
And more...
● Retail
● Shipping
● Mining
● Healthcare
● Insurance

Blockchain Fundamentals Created by 101blockchains.com


Web 3.0 –
Make People Valuable Again
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.

Blockchain Fundamentals Created by 101blockchains.com


Web 3.0 Benefits
● Anti-monopoly
● Pro-privacy
● Secure network
● Data Ownership
● Interoperability
● No interruption in service
● Permissionless blockchains
● Semantic Web
● Ubiquity
Blockchain Fundamentals Created by 101blockchains.com
Remember
● Decentralized Internet
● No central authority
● Data Flow
● New Business Models
● dApps

Blockchain Fundamentals Created by 101blockchains.com


Web 3.0 Ecosystem
● Social Networks
● Exchange Services
● Messaging
● Storage Services
● Insurance and Banking
● Streaming Services
● Remote Jobs
● Browsers
Blockchain Fundamentals Created by 101blockchains.com
Federated Blockchains
Use Cases
● Financial Services.

● Insurance Claims.

● Multiparty Aggression.

● Supply Chain Management.

● Organizational records
security.

Blockchain Fundamentals Created by 101blockchains.com


Federated Blockchains

● Finance
○ we.Trade (IBM)
○ Volton (r3)
○ HKTPF
○ Marco Polo (r3, TRADEIX)
○ Batavia (IBM)
● Insurance
○ B3i (r3)
● Retail
○ Retail Consortium(IBM)

Blockchain Fundamentals Created by 101blockchains.com


Bonus #1
Blockchain vs Database

● Integrity

● Write Access

● Cost

● Trust

Blockchain Fundamentals Created by 101blockchains.com


Bonus #2
Different Types of Tokens

● Currency Tokens

● Asset Tokens

● Utility Tokens

● Equity Tokens

Blockchain Fundamentals Created by 101blockchains.com


Free Resources
Enterprise Blockchains Fundamentals - Free Course

Blockchain Webinars

Blockchain Conferences
Thank You
© 2021 101 Blockchains. All rights reserved. This document may not be distributed, transmitted or reproduced in any form or by any means without
101 Blockchains’ prior written permission. While the information contained in this document has been obtained from sources believed to be reliable,
101 Blockchains disclaims all warranties as to the completeness or accuracy. Although 101 Blockchains research may address business, financial,
investment and legal issues, 101 Blockchains does not provide any business, financial, legal or investment advice and this document should not be
construed or used as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this publication.

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