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Cheatsheets / Introduction to Blockchain and Crypto [codelcademy
Welcome to Introduction to Blockchain and Crypto
Should Everything Use Blockchain?
Blockchain
Ablockain is nateork a computers oting mtg and eesting
ew block of dts that eel chalbd together using eryptogtpby
This allows us to kop an mutable aga f teers Mor events tht
have happened onthe stworeConsensus Mechanisms
Inloctchain. Consensus Mechanism th mechani by which athe
Aioretcorpter inte blockehan network nodes, come ages on what
te legor conta.
There are many liferes typeof consent mechanism, ch a:
1 Proof of Work Po
+ Proof of taxa Be)
+ Proof fart on
Proof of Stake (PoS) Consensus Mechanism
Inblectehin, the Poot of tke (oS) Consensus Machanismis he consensus
Ieimelvesasteipnt sang the tokens (re naive carency af the network
inexcange fora cance to min he ant block nd arn ewe, Tokens cn
ed" patents patace in cshorast bere
[codeleadermyProof of Work (PoW)
Inloctehain the Poot of Werk POW Contents Mechaiem the conneut
rmochaiam used by Btn
Involves computers ding a mace smoun of ryptoeraphe workin order
Decentralized Application (Dapp)
in, 2 Decentralized Appleton (Dap) shorthand for
Blockchain Layers
be posible on the base yer
[code]
lcademySmart Contracts
‘mart contacts ae paces of code that 3 deploys the Bockchain aa
leap stom. mart contract code gets cesloyed and records tothe
blocecainfor ato se forever.
ngbooy ca aor vow his art contact eo to enble rnsparet
concorthip-reitant oftware thts not owned controled by any sale
entity.
Non-Fungible Tokens (NFTS)
Non-Fungible Token NFT) canbe thought of a Fecorde of onneship
These records of oarestp ae eryplotasicaly verte ar permanently
[codeleadermyUses for Blockch:
locke can be wed for many tings. inane
1 sar contracts
Decentralized Autonomous Organizations (DAOs)
Decontralad Autonomous Organization (040s) sr rzaniations thst un on
the bloke. They sl require managerent ni leadeship but everyting is
‘hos lw fo untons the voting and membership that te
ceyptorapial vers and ransparent
Metaverse
Inloctchai. a Mataere esse a collection othe various protects and
technologies used ereate some oro dacentralnd stom tht peep can
‘ake partin
‘Ofton thi canoer toa sort of rl ality where user an experence
bocechain-baies,cgtlecondves.
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