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CourseBitcoin and BlockchainLast updated 1 week ago

How Ethereum Works

This comprehensive guide covers everything you need to know about how Ethereum works. No prerequisite needed. You don't need a university degree in computer science to understand these concepts — this guide will teach you the important points in a concise and easy-to-understand way.

Why do you need to learn how Ethereum works before investing?

Investing in any asset just because it's price is rising is not a good reason to invest your money. You should understand the underlying technology that you're investing in, and the use cases it enables. This way you're betting on the underlying, tangible technology rather than just trying to game the market.

Expected time to completion: 2-3 hours

We'll cover the following concepts:

Ethereum protocol
Smart Contracts & Decentralized Applications (Dapps)
Ethereum mining and Proof-of-Work / Proof-of-Stake
Decentralized Autonomous Organizations
Crowdfunding & ICOs

History

Ethereum History
2 mins

How Ethereum Works

Ethereum: The World Computer
6 mins
The Ethereum Virtual Machine and Ether
5 mins
Ethereum Smart Contracts
8 mins
Decentralized Applications (Dapps)
4 mins

Mining

Ethereum Mining & the Ethash Algorithm
4 mins
Proof of Stake vs. Proof of Work
4 mins

Applications

Vision and Future Improvements

The Ethereum Lifecycle
4 mins
The Ethereum Community
3 mins

11 items.

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Ethereum History

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Every lesson on Commonlounge is available for free, and will always be. We offer premium, paid services like one-on-one mentorship and feedback on real-world projects from industry-experts, but the curriculum is freely accessible. We only ask you to come back and contribute and make Commonlounge better for everyone once you are an expert.

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