I have been interested in blockchain and have been learning as much as I can about it, I thought that I would share the 10 best resources that I have come across so far. Hopefully, this will help you on your journey to becoming an expert in the space or at least give you some good resources to learn from!
What are DLT and Smart Contracts?
A Distributed Ledger Technology, or DLT for short, is a platform that uses blockchain technology, which is commonly known as the blockchain. It’s important to note that there are many different types of blockchains. Each type has unique characteristics and serves unique purposes. One of the most popular and fastest-growing is Ethereum (ETH). A DLT platform may also be referred to as a blockchain. However, in most cases when referring to an entire technology, it’s best not to use just one specific platform name but rather refer generically as DLT.
The commonality of DLT platforms is that they provide an immutable and transparent distributed ledger. This is critical for any number of digital applications or processes including, but not limited to: financial transactions, banking, healthcare and government services. A smart contract is a piece of computer code (or another digital asset) that lives on top of Ethereum’s blockchain. In short, smart contracts are rules enforced by software. They allow you to exchange anything of value—money, goods, property—in a transparent way without relying on trusted middlemen such as lawyers or accountants. Smart contracts protect both parties by removing uncertainty from business and legal processes while saving time and money.
The History of Blockchain
If you’re interested in understanding blockchain technology and its potential, it’s important to understand where it came from. Bitcoin—the first application of blockchain technology—was founded nearly ten years ago, in 2009. Many point out that blockchain’s real power lies not just with cryptocurrencies but also with applications like digital identity management and decentralized networks for data sharing. If you don’t have time for an advanced degree, keep reading our list of resources for learning about blockchain as quickly as possible. You may be surprised by how far you can get with relatively little effort!
You can learn more about Bitcoin here or check out some of our other resources for learning blockchain. You can also take a look at what we’ve written about its history, how it works and why you should care. Once you get started, you may want to dive deeper into each topic and connect with others online. If so, keep reading for some of our favourite resources for learning more about blockchain!
What is a Decentralized Application (Dapp)?
If you’re looking to learn blockchain, starting with Ethereum smart contracts is an excellent choice. The reason is that they’re much easier to grasp than Bitcoin smart contracts. While they’re still complex, they’re nowhere near as difficult to understand as those of its competitors. In fact, you can see them as self-executing pieces of code that are able to interact with one another in an autonomous manner on an ever-growing digital ledger. This makes them perfect for those who have some coding knowledge and want something more challenging than creating web pages or apps from scratch. As such, if you want your business process automated and decentralized, create your own Ethereum smart contract today!
If you’re interested in learning more about smart contracts and how they work, check out an Ethereum development course. These courses will teach you everything you need to know about how these decentralized applications work from concept to creation. One of our top picks is Lynda’s blockchain development for smart contracts course. It does a great job of setting Ethereum up as its own little ecosystem by comparing it with Bitcoin and other cryptocurrencies. The course also covers some key foundational topics such as common terms and how transactions are processed on its network before moving on to more advanced topics like creating your own smart contract using Solidity, testing with Truffle and deploying onto various test networks including Ropsten, Rinkeby and Kovan.
What Makes a Good Cryptocurrency Project?
A lot of factors go into deciding what makes for a good cryptocurrency project, but one is particularly important: team. Finding people who have both technology and business expertise—and who believe in what they’re working on—is crucial if you want your cryptocurrency project to be successful. Beyond that, consider these tips as you build out your own projects: Networking: The more connected you are with like-minded people, the better able you’ll be to get feedback on your project and find opportunities for collaboration. Be sure to attend conferences, chat with other experts online, and spend time sharing your knowledge at local meetups or even just over coffee with friends.
Make sure your team members are as committed to your project as you are. If they’re contributing their time and energy without compensation, there’s a chance they might lose interest or move on when something else comes along. Paying team members is an important step toward making your cryptocurrency project profitable, but it also sends an important message: that you’re serious about what you’re working on. To attract top talent, make sure you offer competitive pay and benefits—and be ready to meet employees’ salary expectations early on before others do so.
Test out Product-market fit: While coming up with a good product idea is an essential first step for launching any business, it’s just that—an idea in need of development.
Why Use Ethereum Smart Contracts?
Ethereum smart contracts are one of the key resources for learning how to become a blockchain expert. Ethereum is currently one of the most widely used blockchain platforms, thanks largely to its public network, which allows anyone with an internet connection and an Ethereum wallet address to join and contribute. A smart contract is essentially a digital agreement that automates payments between two or more parties after certain criteria have been met. For example, two people might enter into an agreement using a smart contract that ensures payment when each completes half of their respective work on time. Smart contracts also allow you to store information on blockchains so that it cannot be altered without consent from all users, making them highly secure—and capable of storing anything from financial transactions to business agreements and more.
The reason for learning how to use Ethereum smart contracts is that they’re so widely used. Ethereum is currently one of the most widely used blockchain platforms, thanks largely to its public network, which allows anyone with an internet connection and an Ethereum wallet address to join and contribute. This means there’s always someone looking for assistance with specific projects or tasks, and no prior blockchain experience is required. In fact, it’s best if you don’t have any prior experience before joining a public blockchain because you’ll be able to learn from other people who do have that experience as you work on your own projects and tasks in exchange for payment—or just tokens that represent a value within a specific project.
Basic Programming Knowledge Necessary
Learning about blockchain technology can be tricky, but if you’re willing to put in some time and effort, you can gain valuable insight into how it works. I know from personal experience that programming isn’t easy. When I started learning blockchain, I had no previous programming knowledge. That didn’t stop me though; with a lot of dedication and motivation, I was able to learn everything there is to know about it, becoming an expert within just 10 months! That being said, I recommend starting with basic programming knowledge first so that you can get up to speed faster.
Choosing the Right Programming Language
One of your first decisions, as you start learning blockchain development, will be choosing a programming language.
While there are many options out there, we’ll focus on three common choices: C++, Python, and Solidity. Each language has its own nuances and specific uses that you’ll want to familiarize yourself with before making any decisions about which one is right for you. We’ll also include some resources where you can get started.
C++ is one of the most popular languages for blockchain development, and it’s commonly used for server-side applications. While C++ can be hard to learn and use, it’s very powerful, making it ideal for applications that require more processing power. To get started with C++, check out Defi’s introductory video series on YouTube or follow these tutorials that walk you through setting up your own environment and writing your first program. If you prefer Python or want a language that you can use across multiple platforms, Solidity is an excellent choice. Written specifically for developing Ethereum dApps (decentralized apps), Solidity is intuitive and easy to learn.
Python vs Solidity – Which Is Better?
There are many resources for learning blockchain, but only a few that specialize in Ethereum development. There are also many resources for learning Defi, but most of them teach you how to code smart contracts rather than how to build an actual product or website with Defi. As such, we’ll be using two resource-rich industries as case studies: blockchain and cryptocurrency. Many Ethereum developers use python for their projects because it can read Solidity-formatted files without needing any conversion process. If you want to learn how to become an expert with 2022 (or just learn some basic coding), then python is currently your best bet—the language has great support within the industry and plenty of tools and libraries built around it.
If you’re looking to code with Defi, then I would suggest checking out resources for learning 2022. Most of them teach you how to develop smart contracts or use Defi-specific frameworks rather than how to build Ethereum applications, which is more of an advanced skill. However, there are still some great resources for beginners. If you want something basic and accessible but still comprehensive, then consider DefiForBeginners and BeyondCoding – both good starting points!
Re-Invent Yourself as an Experienced Developer Instead of Learning From Scratch
Are you looking for an effective and fast way to learn blockchain? Are you considering re-inventing yourself as an experienced developer instead of learning from scratch? There are certain resources out there that will help you overcome these obstacles. Here’s how it works…
If you look around, you’ll see there are several resources for learning blockchain. Most people who ask about re-inventing themselves as an experienced developer instead of learning from scratch believe that acquiring blockchain experience takes time and effort. There is some truth to that statement. However, there are ways to develop your experience more rapidly than other methods allow by taking advantage of available resources out there. Here are some of those resources…
Talking Defi: One interesting development is called Defi or deflationary currency which is being used to describe a unique type of crypto that has not only defied expectations but also shows great potential for future applications in business and technology.
Finding a Job After Becoming an Expert
As you work your way through The Beginner’s Guide to Blockchain, you may find that you’re ready for a new challenge. If that’s true and if you want to get paid for what you know, there are many resources available online and through various blockchain professional organizations. In addition, there is also some highly specialized job posting sites like bit gigs or criminality that can provide opportunities for freelancers. But if your goal is stability, there are other ways of finding employment as well; try searching LinkedIn or Indeed (or Monster) for positions at large corporations that have recently been hiring—you might be surprised at what turns up!
In fact, some of these corporations have already adopted blockchain for their own purposes. Several of them—particularly banks—are even looking for blockchain experts to help with their transition. And it isn’t just major institutions that are hiring; online retailer Overstock, for example, recently announced that they were building an entire department around blockchain technologies as well. Other companies you might consider are Microsoft, IBM and H&M; all three have been quick to adopt blockchain-based systems as part of their operations. Finally, there’s no reason why you can’t find your own job either; if you want to go freelance or open your own shop (or really anything else), it may take more effort but it can be done if you look hard enough!