What you will learn in this class:

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• How Bitcoin works and why its structure is decentralized, immutable and censorship-resistant
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• The difference between centralized systems and the Bitcoin peer-to-peer network
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• The three technical pillars of the network: code, miners and nodes
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• How the timechain records transactions in a chained, immutable and verifiable way through hashes
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• What consensus mechanisms are, especially Proof of Work, and how they solve the Byzantine Generals' problem
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• Why Bitcoin is resistant to arbitrary changes and how forks (soft and hard) work in practice
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• How game theory, economic incentives and the open structure ensure Bitcoin's security, transparency and resilience