Day 1: Introduction to Blockchain
Lets start Our Journey to Lean Blockchain concepts
Session 1: Understanding Blockchain Basics
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What is Blockchain?
- Explanation: Blockchain is like a digital record book where information is stored securely. It's a chain of blocks, and once something is added, it stays there forever.
- Local Example: Imagine a community meeting where decisions are recorded in a book, and each new decision is added to the previous one, forming a chain. Bitcoin white Paper
Ethereum White Paper
Hybrid Smart Contract
What is Blockchain
How Blockchain works
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Key Concepts: Blocks, Transactions, Decentralization
- Explanation: Blocks store information, like transactions in a market. Transactions are actions recorded in the blockchain, and decentralization means nobody controls it.
- Local Example: In a market, transactions (buying, selling) are recorded, just like actions recorded in a blockchain.
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The Role of Consensus Mechanisms (e.g., Proof of Work, Proof of Stake)
- Explanation: Consensus mechanisms are rules ensuring everyone agrees on what's added to the blockchain. For example, 'Proof of Work' involves solving puzzles.
- Local Example: It's like a dance competition where everyone must agree on the winner before it's announced.
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Types of Blockchains: Public, Private, Consortium
- Explanation: Public blockchains are open to everyone, like a community notice board. Private blockchains are like a closed meeting among friends, and consortium blockchains are joint projects.
- Local Example: Imagine a notice board in a market where everyone can see announcements (public blockchain).
Session 2: Remix IDE & Wallets
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Setting up MetaMask
- Explanation: MetaMask is like a wallet for digital money (cryptocurrency). It's a way to store and use digital currency.
- Local Example: Just like carrying a wallet for Malawian Kwacha, MetaMask is a digital wallet for cryptocurrency. MetaMask
sepolia test network
sepolia etherscan
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Setting up Remix IDE
- Explanation: Remix IDE is a tool to write and test blockchain code (smart contracts).
- Local Example: It's like a notebook where you write down and test ideas before implementing them.
Session 3: Solidity
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Introduction to Smart Contracts
- Explanation: Smart contracts are digital contracts stored on the blockchain, automatically executing when conditions are met.
- Local Example: It's like an agreement written and stored digitally, ensuring everyone follows the rules.