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Lecture I - Evolution of Blockchain Technology
Learning Objectives of this Lecture
Understand the origins of blockchain
Explore the history of digital ledgers and cryptographic advancements that led to blockchain’s creation.
Trace key milestones in blockchain development
From Bitcoin’s inception to Ethereum’s smart contracts and beyond, understand how blockchain evolved over time.
Discuss future trends and innovations
Gain insights into emerging technologies like Web3, DeFi, NFTs, and their impact on the blockchain ecosystem.
Analyze the limitations of early blockchain systems
Understand the challenges faced in scalability, security, and adoption, and how newer innovations aim to overcome them.
Recognize the role of decentralization
Learn why decentralization is a game-changer and how it differs from traditional centralized systems.
Explore early blockchain applications
Examine how blockchain started with cryptocurrency and expanded into finance, supply chain, and governance.
Examine the foundational tech behind blockchain
Cryptographic hashing, distributed ledgers, and consensus mechanisms contribution to blockchain technology.
Differentiate between blockchain generations
Understand the evolution from Blockchain 1.0 (Crypto) to Blockchain 2.0 (Smart Contracts) and then to 3.0 (Scalability).
Please go through the Self Learning Material
Self Assessment Questions
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Q 02
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Q 03
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Q 04
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Q 05
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Q 06
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Q 07
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Q 08
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Q 09
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Q 10
What key problem was blockchain originally designed to solve?
Who is credited with inventing blockchain, and what was the first real-world application of this technology?
How does blockchain differ from traditional centralized databases?
What are the key technological components that enable blockchain to function securely?
What was the major innovation introduced by Ethereum that expanded blockchain’s use beyond cryptocurrencies?
What are the main differences between Blockchain 1.0, Blockchain 2.0, and Blockchain 3.0?
Why is decentralization a critical feature of blockchain, and how does it impact trust and security?
What were some of the early challenges of blockchain adoption, and how have they been addressed in newer versions?
How has blockchain evolved beyond financial applications?
What are some emerging trends and future developments expected in blockchain technology?
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