Lesson 1: Blockchain Basics

⌨️ (00:09:05) Lesson 1: Blockchain Basics

What is a Blockchain? What does a blockchain do?

• Bitcoin Whitepaper
  • Satoshi Nakamoto
• Ethereum Whitepaper
  • Vitalik Buterin
• What is a Smart Contract?
• Nick Szabo
• Hybrid Smart Contracts
• Blockchain Oracles
• Terminology
• Web3
• What is a blockchain

The Purpose Of Smart Contracts

• 🎥 Original Video
• 🦬 My ETH Denver Talk
• 🍔 McDonalds Scandal
• ⛓ More on the evolution of agreements
• ✍️ What is a Smart Contract?
• 🧱 How does a blockchain work?
• 🔮 Chainlink & Oracles

Other Blockchain Benefits

• Decentralized
• Transparency & Flexibility
• Speed & Efficiency
• Security & Immutability
• Counterparty Risk Removal
• Trust Minimized Agreements

What have Smart Contracts done so far?

• DeFi
  • Defi Llama
  • Why DeFi is Important
• DAOs
• NFTs

Making Your First Transaction

• Metamask Download Link
  • What is a Private Key?
  • What is a Secret Phrase?
• Etherscan
• Goerli Etherscan
• Goerli Faucet (Check the link token contracts page)
  • NOTE: The Chainlink documentation always has the most up to date faucets on their link token contracts page. If the faucet above is broken, check the chainlink documentation for the most up to date faucet.
• OR, use the Goerli ETH Faucet, just be sure to swap your metamask to goerli!

Gas I: Introduction to Gas

• Gas and Gas Fees
• Wei, Gwei, and Ether Converter
• ETH Gas Station

How Do Blockchains Work?

• What is a hash?
• Blockchain Demo
• Summary

Signing Transactions

• Public / Private Keys
• Layer 2 and Rollups
• Decentralized Blockchain Oracles

Gas II

• Block Rewards
• Advanced Gas
  • EIP 1559
  • GWEI, WEI, and ETH
    • ETH Converter

Gas II Summary

• Run Your Own Ethereum Node

High-Level Blockchain Fundamentals

• Consensus
• Proof of Stake
• Proof of Work
• Nakamoto Consensus
• Ethereum 2 (the merge)

🎊🎊🎊🎊🎊🎊🎊🎊🎊🎊🎊🎊 Completed Blockchain Basics! 🎊🎊🎊🎊🎊🎊🎊🎊🎊🎊🎊🎊