Diploma

in

Cryptocurrency
Course Educator:
Jonathan Ledden

Lesson 1:
Blockchain, Bitcoin, and the landscape of
Cryptocurrencies
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Diploma in Cryptocurrency
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Diploma in Cryptocurreny
Risk Warning

Any Advice or information provided by the Shaw Academy is General Advice Only - It does
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or fellow members. Futures, Contracts for Difference (CFDs), Options, and spot currency
trading have large potential rewards, but also large potential risks. You must be aware of
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 Lesson Blockchain, Bitcoin, and the
Landscape of Cryptocurrencies

Agenda
• Blockchain Technology & Bitcoin
Lesson 1
• Digital Currency

• Open Source Platforms

Professional Diploma in Fitness & Weight Loss – Module 1

Diploma in Cryptocurreny
Learning
Outcome
Lesson 1

Foundation of Digital Assets

Professional Diploma in Fitness & Weight Loss – Module 1
Diploma in Cryptocurreny
Learning
Outcome
Lesson 1

Foundation of Digital Assets

• Understanding the uses of Blockchain Technology

• The difference between Cryptocurrencies & Platforms

Professional Diploma in Fitness & Weight Loss – Module 1

Diploma in Cryptocurreny
What is Blockchain?
What is Blockchain?
A continuous growing list of records
which are called blocks, linked and
secured using cryptography.

Once each block is completed and time

stamped, blocks cannot be altered,
making them completely secure.
 What is Blockchain?

Decentralised Public Ledger

Peer to Peer Transactions / Network

No Centralized Vulnerabilities

No Need For Centralized Confirmation

Data Stored In Blockchain Incorruptible

Ownership of Token Transferred on Blockchain

Diploma in Cryptocurreny
 What is Blockchain?

Potential of Blockchain

Long term it has the potential to change

operating business models by bringing
efficiencies to supply chains, financial
transactions, asset ledgers and secure
decentralized networks.

The primary use of blockchain today is as a

distributed ledger for cryptocurrencies
(digital currency).

Diploma in Cryptocurreny
What is Bitcoin?
 What is Bitcoin?
The first decentralized digital
currency (Cryptocurrency) and
worldwide payment system that works
without the need of a central bank or
centralized administrator
 Digital Currency

The First Digital Currency

Completely Decentralized

Peer To Peer Worldwide

Transactions Recorded In Public Ledger

Invented by Satoshi Nakamoto (Unknown)

Diploma in Cryptocurreny
 Digital Currency

The Blockchain (The Block)

A public ledger where all bitcoin transactions

are recorded for all to see. This technology
allows trusted peer to peer transactions
without the need for a central authority

Diploma in Cryptocurreny
 Digital Currency
Owning Bitcoin

In the blockchain, bitcoin are registered to a

bitcoin address. Bitcoin never leaves the
blockchain.

Public & Private Keys

To create a bitcoin address you must generate

a valid public and private key (password). Your
public key (address) is how you receive bitcoin
but to access your bitcoin on the blockchain to
send or spend you must know or control your
private key.

Diploma in Cryptocurreny
 Cryto Currencies

Diploma in Cryptocurreny
 Digital Currency
Max Supply (BTC)
Limited to 21 Million

Block Time
10 Minutes Per Block

Transaction Speed / Cost

Slow / 0.89 USD

Unique Selling Point (USP)

Digital Gold / Market Based Against BTC Value

Diploma in Cryptocurreny
 Digital Currency
Max Supply (BCH)
Limited to 21 Million

Block Time
10 Minutes Per Block

Transaction Speed / Cost

Fast / 0.03 USD

Unique Selling Point (USP)

Faster & Cheaper Than BTC

Diploma in Cryptocurreny
 Digital Currency
Max Supply (LTC)
Limited to 84 Million

Block Time
2.5 Minutes Per Block

Transaction Speed / Cost

Fast / 0.17 USD

Unique Selling Point (USP)

Digital Silver / Fiat Pairing On Exchanges

Diploma in Cryptocurreny
 Digital Currency
Max Supply (DASH)
Limited to 18.9 Million

Block Time
3-4 Minutes Per Block

Transaction Speed / Cost

Fast / 0.16 USD

Unique Selling Point (USP)

Fast & Cheap Transactions

Diploma in Cryptocurreny
 Digital Currency
Max Supply (XMR)
Limited to 22.5 Million

Block Time
2 Minutes Per Block

Transaction Speed / Cost

Fast / 2.19 USD

Unique Selling Point (USP)

Completely Private Transactions

Diploma in Cryptocurreny
Blockchain Based Platform
Blockchain Based Platform
Open source, public, blockchain based distributed
computing platform and operating system
featuring smart contract and application
functionality
Blockchain Based Platform
1. Open source computing programme & operating system.
2. No permission needed to build on platform.
3. Smart Contract Functionality.
4. App Functionality (Crowdfunding, Finance, Security and Verification).
5. Large number of Banks & Fortune 500 companies are currently testing
use cases of blockchain platforms.
Blockchain Platforms

Diploma in Cryptocurreny
 Cryptocurrency (ETH)
No Max Supply

Block Time
14 Seconds Per Block

Transaction Speed / Cost

Fast / 0.17 USD

Unique Selling Point (USP)

Platform where Ether token can be used

Diploma in Cryptocurreny
 Cryptocurrency (XRP)
Limited to 100,000,000,000

Block Time
3.5 Seconds Per Block

Transaction Speed / Cost

Fast / 0.02 USD

Unique Selling Point (USP)

Payment Protocol for Banks

Diploma in Cryptocurreny
 Cryptocurrency (XLM)
Limited to 103,000,000,000

Block Time
3.5 Seconds Per Block

Transaction Speed / Cost

Fast / 0.00001 XLM

Unique Selling Point (USP)

Payment Protocol for Banks

Diploma in Cryptocurreny
Blockchain Platforms

Diploma in Cryptocurreny
 Altcoins
Not Bitcoin

Generally any crypto-currency other than

Bitcoin or Ethereum. (Though some Bitcoin
folks would probably still say Ethereum is
an altcoin)

Diploma in Cryptocurreny
 Fiat
Old Money

Government-issued currency, such as the

US dollar, Euro, Japanese Yen, GBP etc…

Diploma in Cryptocurreny
 Hodl
Investing Long-Term

Long ago, someone on a bitcoin forum

got drunk and made a post with this
typo in the place of ‘hold’. A meme was
born.

It refers to holding on to your Cryto

long term as an investment, no matter
what the market conditions are as the
market has always increased year on
year.

Diploma in Cryptocurreny
 Mooning
To The Moon

In the crypto-world, this does not mean

exposing your buttocks. It is referring to a
price going up astronomical levels.

Diploma in Cryptocurreny