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

Ether and Ethereum
Differentiate between proof of work and proof of stake
Learn about the purpose and background of Ethereum
Understand what are Smart Contracts and Dapps
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