STARTING A 10 DAYS CRYPTO BASICS LEARNING CHALLENGE
#DayTradingTips #Binance #learncrypto #Day2
10-Day Crypto Basics Course: From Zero to Understanding
Day 2: Understanding Blockchain Technology - The Backbone of Crypto
• Morning (2 hours): What is Blockchain?
• Definition: A distributed, immutable public ledger.
• How it works: Blocks, chains, hashing, timestamps
• Decentralization explained: Nodes, consensus mechanisms (e.g., Proof of Work - basic concept).
• Afternoon (2 hours): Key Concepts of Blockchain
• Immutability: Why transactions can't be changed.
• Transparency vs. Anonymity.
• Use cases beyond crypto (briefly touch upon supply chain, healthcare, etc.).
• Evening (1 hour): Self-Reflection & Research
• Watch a simple animation explaining blockchain.
• Try to explain blockchain in your own words to a friend or family member.
* You can refer youtube to watch videos regarding the topic
