Blockchain is a public ledger where all transactions are recorded and monitored anonymously. Blockchain’s features prevent double spending, alteration, and do not require external monitoring. Distributed Ledger Technology (DLT) is data that can be adapted to improving security, innovation, resilience, and efficiency due to its high degree of transparency.
Key learning objectives:
Explain what is blockchain, DLT, CBDC, smart contracts, Ethereum, Protocol, and Open Source
Explain how blockchain and DLT are useful
Explain whether blockchain increases or decreases users’ level of privacy