Blockchain technology

ABOUT THE COURSE

What Is a Blockchain?

A blockchain is a distributed database or ledger that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralised record of transactions. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.

One key difference between a typical database and a blockchain is how the data is structured. A blockchain collects information together in groups, known as blocks, that hold sets of information. Blocks have certain storage capacities and, when filled, are closed and linked to the previously filled block, forming a chain of data known as the blockchain. All new information that follows that freshly added block is compiled into a newly formed block that will then also be added to the chain once filled.

A database usually structures its data into tables, whereas a blockchain, as its name implies, structures its data into chunks (blocks) that are strung together. This data structure inherently makes an irreversible timeline of data when implemented in a decentralized nature. When a block is filled, it is set in stone and becomes a part of this timeline. Each block in the chain is given an exact timestamp when it is added to the chain.

Start Date: 21 September 2023
Attendance: Part Time
Location: London
Suitable for: Adults
Duration: 19 Weeks
Level: Level 3

WHAT WILL I STUDY?

What you will learn

Hardware and software requirements

Hashing and blockchain encryption

Blockchain wallets and how to manage it

Synthesize your own blockchain solutions

Gain an in-depth understanding of the specific mechanics of Bitcoin

Understand Bitcoin’s real-life applications and learn how to attack and destroy Bitcoin, Ethereum, smart contracts and Dapps, and alternatives to Bitcoin’s Proof-of-Work consensus algorithm

Enterprise-level blockchain implementations and understand the scaling struggles of blockchain and potential solutions

The regulation of cryptocurrencies and its implications for anonymity, and what blockchain means for the future

WHAT WILL I NEED?

All applicants must have an initial assessment and interview to confirm that the course is suitable for them.

HOW WILL I BE ASSESSED?

Asessment and practical activities to test knowledge

WHAT WILL IT COST?

Adults

Entry Level, Level 1, Level 2
If you will be aged 19 or older on 31 August in the year you begin your course, and have been resident in the UK/EU/EEA for the past 3 years, your course may be free, depending on your circumstances. Some courses will have other costs associated, such as for materials and trips. Many of our students are eligible for financial support when studying at college – please click here for more information.

WHAT CAN I DO AFTER?

Progression to employment

APPLICATION PROCESS

WHEN SHOULD I APPLY?
We recommend you apply at least three months before the programme starts to guarantee your place. The application form will take approximately 15 to 30 minutes to complete.

WHEN WILL I HEAR BACK FROM YOU?
We’ll acknowledge receipt of your application by email within 48 hours, if it’s received during normal working hours (Mon-Fri – 09:00-18:00 GMT). We will review and respond to your application within two working days. We do this in order of receipt and acceptance is not automatic.

CAN I RESERVE A PLACE?
Yes. We can hold a provisional place for you for up to two weeks, but be aware that completed applications take priority and programmes often fill up several months in advance. You can reserve a place online, by phone or by email. Tel: +44 749 199 3874 Email: admin@offline.oraelinstitute.com

WHAT ARE YOUR LANGUAGE REQUIREMENTS?
The programme is taught in English, so a good working knowledge of the language is essential. If English is not your first language, we may ask you for evidence of your proficiency.

WHAT IF I HAVE MORE QUESTIONS?
If you have any more questions, please read our FAQs here.
Read our full terms and conditions.