Blockchain - Revealing the Myth

Between 15M to 39M search results offering an explanation of the blockchain on various search engines, up to 5M views on youtube have been reached by some videos on this subject, 1.8M members counts reddit Bitcoin community, some youtube blockchain channels have up to 277K subscribers. Information overload. Subconsciously, our attention is drawn to the reports that polarise: from “Blockchain - a Game Changer” and “Blockchain Revolution”, to “Has Blockchain Hit The Wall?” and “What's Blockchain Actually Good for, Anyway? For Now, Not Much.” The scary stories about Blockchain being used by criminals are common.

Like a snowball where new reports refer to earlier ones and everyone, consciously or unconsciously, adds their two cents, a new myth “blockchain” is born.

In the past, legends and myths were mainly passed on orally. Thereby they have changed from speaker to speaker. A “true core” surrounded by fantastical embellishment is still a popular and everyday form of storytelling today and leaves its traces right up to our digital age of social networks and “fake news.” Only difference, the number of storytellers and the time it takes to spread the story increases dramatically. The narrative structures are transparent, anyone can intervene in it, however, a challenge is to evaluate the truthfulness of these information.

We have faced the challenge and revealed the myth surrounding blockchain technology for you. The origins, goals, development path and fakes of blockchain technology that have emerged along the way will be explored for you in this course. More specifically, the course deals with the following topics:

1. Behind the term Blockchain (initial idea and the way how it works - by means of an example),
   
2. Evolution of the Blockchain (from the decentralized registry to a world computer),
   
3. Expecting a miracle: face the challenges or "elegantly" avoid them (challenges of Blockchain and Blockchain alternatives),
   
4. How you can use Blockchain successfully.
   

Target Group

The online course is aimed at those who are interested in the topic of blockchain, have already heard the term blockchain or bitcoin and have perhaps already made the first steps towards dealing with the topic.

Required Skills

None. However, you will profit from prior experience with basics of cryptography and decentralised networks and the first basic experience with the topic of blochain or bitcoin as this online course is targeted on reflection of common experience.

You can easily obtain this knowledge through self-study on our platform. Find a way that fits your time resources.

References to Further Courses

• 2019 - German - Blockchain - Sicherheit auch ohne Trust Center;
• 2018 - German - Blockchain: Hype oder Innovation?.

Here you can find more on topic of cryptography

• 2019 - German - Datensicherheit im Netz – Einführung in die Informationssicherheit;

• 2021 - English - Confidential Communication in the Internet.

Additional resources

Our book "Blockchain. Hype or Innovation" goes beyond the information given in the course and provides a comprehensive overview of blockchain technology. It focuses on the innovation of blockchain technology and the advantages it offers. In addition to detailed explanations of the origins, technology and implementation of blockchain technology, the book deals with the analysis of blockchain characteristics, such as decentralisation, security and scalability. We also look at numerous projects and best-practice examples. Available in English and German.

If you have no previous experience with the basics of cryptography or decentralised networks, you can easily obtain this knowledge through self-study. Find a path that fits your time resources.