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Few people understand what the blockchain really is, but banks, financial institutions, Information Technology (IT) organizations, consultants and even the general public are all abuzz about blockchain technology and how it is going to revolutionize finance.

Bitcoin. Blockchain. Cryptocurrencies. Initial coin offerings. These are terminologies that everyone’s talking about, but what do these terms really mean?

This course provides clear definitions and analogies for blockchain technology. It will also define Bitcoin, Ethereum, blockchain, and initial coin offerings, and highlight promising use cases for the technology as a whole. 

Our aim is to create an understanding of what the blockchain is and how it works, in as non-technical a manner as is possible, so the language we are going to use is removed from the “techno-speak” that currently surrounds the subject, but sufficiently technical so as not to lose the critical elements and features of the process. 

It’s hard to remove blockchain from Bitcoin, so we are going to start with Bitcoin as we work to understand this technology’s potential. To complete our journey we will clarify the distinctions between distributed ledger technology and the blockchain, and highlight where these technologies have an application – and where they do not.

We are going to break our journey down into five component parts 

  1. What is Bitcoin? 
  2. What is Blockchain and how does it work? 
  3. The Mechanics of Blockchain
  4. Ethereum – what is it and how it fits into the picture
  5. Initial Coin Offerings, and
  6. Value Creation in the Blockchain

If you are a finance, technology or related professional or if you have any interest in blockchain, Bitcoin, etc., you will greatly benefit from this course.

Learning Objectives

  • Discover the underlying principles behind the blockchain and bitcoin.
  • Identify the different components of the blockchain process.
  • Explore the blockchain and its processes that make it a key component of bitcoin. 
  • Discover how and where the use of the blockchain can create value. 
  • Explore critical issues such as altcoins, distributed ledger technology, Ethereum, initial coin offerings and smart contracts.
  • Recognize the differences between blockchain and bitcoin and other cryptocurrencies. 
Last updated/reviewed: June 10, 2021

70 Reviews (259 ratings)Reviews

5
Member's Profile
I absolutely loved everything about this course: its gentle, avuncular approach to the basic concepts, moving towards increasing levels if complexity with real-world applications. I am so excited to learn much more about how I can incorporate blockchain into my career whether in consulting or in auditing. Mr. Epstein's delivery is excellent and I could listen to him for hours! Very well done!
4
Member's Profile
The content was good, and provided great examples of the block chain use. For the value creation of block chain I would have liked more details on the specific functions, rather than taking about what entities are generally doing. It also would have been nice to understand more of the potential drawbacks, or how users are decentivized from colluding against the block chain.
5
Member's Profile
I felt like this lesson was implemented to sell me on the use of cryptocurrency and blockchain technology rather than a lesson on blockchain. I just wanted to learn the basics of blockchain. Additionally, Ethereum was also spelled as Etherium several times in the slides. I am assuming Ethereum is the correct spelling. The instructor may want to change this.
5
Member's Profile
Great, simplistic explanation of Blockchains and some of the ramifications, which could be enormous in how it revolutionizes the centralized banking and financial systems. More accounting and finance personnel need to understand Blockchain poses huge changes to the finance industry and at least have a basic understanding of how it works.
3
Anonymous Author
This is such a strange topic for me. It is hard to create a tangible understanding of the concept of cryptocurrency and I'm not sure I'm much better off as a result of this course. I would say it may be user error, but I will continue to try to understand.
4
Anonymous Author
Course offered a great overview of Blockchain technologies and there applications. Was able to demonstrate the broad change coming that will be brought about by Blockchains. Gave easy to understand explanation of how a Blockchain functions.
4
Anonymous Author
The course explains the origin of blockchain and how it was tied to Bitcoin and provided many examples of blockchain use, which go far beyond cryptocurrencies. I feel like I have a better understanding of both Bitcoin and Blockchain now.
5
Member's Profile
Excellent course!!! The presenter has made tremendous efforts to throw as much information as possible within the two-hours span. His knowledge in the subject is commendable as well and that is reflected in the presentation as well.
5
Member's Profile
Instructor does a terrific job explaining components of whole bitcoin transaction process, including the how's and whys. Very easy to understand what is usually not explained well in other "tutorials" I have read. Most informative.
5
Member's Profile
A great course explained in an understandable way. However, at times I had a problem understanding the speaker. I am not sure if this is because of problems with the recording or the accent of the instructor.
4
Anonymous Author
Excellent class, but a bit overwhelming. It could be split between understanding Blockchain and applications and developments of blockchain. Topics are explained well, there are just too many at one time.
5
Anonymous Author
This course covered a great deal of information. However, I feel like I need to read more on the subject to fully understand. Also, it would be beneficial to know which questions were missed on the exam.
3
Member's Profile
The subject is complex and could be approached from different angles, however, merging technical, financial, bureaucratic and organizational aspects all into 2hrs course make it all to hard to digest.
5
Anonymous Author
I had been hearing about this in the news for a while but never had the best understanding of the key concepts. This course was great for that and would definitely recommend.
5
Member's Profile
Informative and clarifying overview of the blockchain. I especially liked learning about the blockchain projects being developed throughout several different industries.
5
Member's Profile
Excellent explanation of a complex topic in understandable, non-technical language. Slides presentation very helpful in combination with the instructor dialogue.
5
Member's Profile
Great course on understanding blockchain. If you are just learning about blockchain, Bitcoin and other digital assets I would highly recommend this course.
5
Member's Profile
Excellent. I was very impressed at how the instructor was able to explain the complex technical subject matter in a relatively non-technical layman style.
4
Anonymous Author
This topic isn't easy to grasp. Stanley did a great job by in his narrative and spoke in layman's terms. I'm still not there but closer than I was.
5
Anonymous Author
This is a great introduction to blockchain. It is well explained. It also gives great insight into which companies are exploring its possibilities.
5
Anonymous Author
Everyone should take this course. Stanley does a great job explaining the technology of blockchains and digital currencies in layman's terms.
5
Member's Profile
Great course. Provides a good introduction to a complicated subject matter. I look forward to referencing the supporting materials in the future.
4
Member's Profile
Mr. Epstein capably explains this very ethereal topic with confidence and ability. This is an excellent primer on the subject of the Blockchain.
5
Member's Profile
Informative with respect to coverage and real life examples. More comprehensive and detailed in explanation. Instructor is very effective.
5
Anonymous Author
I much appreciated how the instructor uses illustrations and examples to make it easy for newbies like myself to follow the discussion.
5
Member's Profile
A very good course for both people new to blockchain and those who have a solid understanding already to help reinforce understanding
4
Anonymous Author
Didn't like the long drawn out list of use blockchain use cases at the end. It was a superficial list. Could have had more depth.
4
Member's Profile
Solid overview of blockchain technology. I felt the course was a bit too broad and lacked a sense of cohesion between modules.
5
Member's Profile
Stanley is a baller, shot-caller. A very well done course and introduction to understanding blockchain technology. Thanks!
5
Member's Profile
Really good course on crypto-currency and blackchain applications. Well explained uing laymens terminology and examples.
4
Anonymous Author
Excellent course. Thank you! However requiring 50 characters to pump up your product to others is a bit shady.
4
Anonymous Author
This was a good overview of Bitcoin and Blockchain. It was helpful to learn of all the possible applications.
5
Anonymous Author
The course covered the stated learning objectives. The examples used help with understanding the concepts.
4
Anonymous Author
This course provides a solid basic foundation to understanding blockchain technology and it’s potential.
4
Member's Profile
One of the most informative courses I have taken on this subject. Detaied. I liked the teaching style.
4
Anonymous Author
This was a great intro to blockchain. I'm looking forward to learning more details about blockchain tech!
5
Member's Profile
Very involved difficult concepts to understand. I thought the materials could have been better organized.
5
Anonymous Author
Superb course. Very comprehensive coverage of various topics and dimensions of blockchain technology.
4
Anonymous Author
Great information and informative. I think the examples applied well to the audience. Paced well.
5
Anonymous Author
Understanding the Blockchain is a great course. I learned a lot from this course. Well done!
5
Anonymous Author
I liked this course... bitcoin blockchain and other terms explained well. slides are helpful.
5
Member's Profile
Thank you for a baseline knowledge of this technology that is becoming more and more common.
5
Anonymous Author
This course served as a great introduction to understanding blockchain and cryptocurrency.
5
Anonymous Author
Great overview of the topic, very thorough in its explanation, especially for beginners.
5
Anonymous Author
Fantastic course. Cleared up a lot of misconceptions I had surrounding the subject
3
Member's Profile
To technical for a layperson such as myself. Was expecting more of a 101 course
5
Member's Profile
Well done. Really easy explanation of a complex topic, and very easy examples.
4
Anonymous Author
This is a very confusing topic, but I felt the presenter made a nice overview.
5
Member's Profile
Great course introduction into blockchain, bitoin & ethereum. Very useful.
5
Anonymous Author
Very interesting. The topics were thoughtful and explanations were helpful.
5
Anonymous Author
Excellent corres. Very clear and easy to understand. Love it . Thank you
5
Member's Profile
A good introduction to understanding blockchain and its potential uses.
5
Member's Profile
Very interesting course and beneficial for every person working on IT.
4
Member's Profile
Stated learning objectives were met. Question quality can be improved.
4
Anonymous Author
This was a good overview of a complicated constantly evolving topic.
5
Anonymous Author
Pretty decent set of information regarding the basics of blockchain.
5
Member's Profile
Good explanations of bitcoin and blockchain with practical examples.
5
Member's Profile
This course was very useful in understanding Bitcoin and Blockchain.
4
Anonymous Author
Informative introductory course on understanding the blockchain.
4
Member's Profile
Good solid overview of the mechanics of bitcoin and blockchain.
5
Member's Profile
This is the best explanation of Blockchain I have come across!
5
Anonymous Author
Good course for novices in this arena. Course well structured.
5
Member's Profile
Excellent. Right level of detail. Very engaging and precise.
4
Anonymous Author
This course was a good introductory to blockchain technology.
5
Anonymous Author
Great course on understanding blockchain. Very interesting!!!
5
Anonymous Author
Good overview. Thanks for the course. I would recommend it
3
Member's Profile
Nice intro to Blockchain and Bitcoins. Very interesting.
5
Anonymous Author
Very detailed course on blockchain and digital currency.
5
Member's Profile
Good overview of blockchain technology. Well organized.
5
Member's Profile
Amazing explanation. Very clear articulation.

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  11:01Introduction to Understanding the Blockchain
  6:36What is Bitcoin? Origins
  9:58A Practical Bitcoin Example
  5:01Is Bitcoin really Secure?
  11:41Understanding a Bitcoin Transaction
  11:27What is Blockchain and How Does it Work?
  17:23The Mechanics of Blockchain
  8:02Ethereum - What it is and How it Fits Into the Picture
  5:11Initial Coin Offerings
  12:32Value Creation in the Blockchain
  24:12Value Creation in the Blockchain Continued..
  8:09Course Wrap-Up
CONTINUOUS PLAY
  2:11:11Understanding the Blockchain Full Video
Supporting Materials
  PDFSlides: Understanding the Blockchain
  PDFUnderstanding the Blockchain Glossary/Index
  PDFBitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM