A Beginner's Guide to Understanding Blockchain Technology

My presentation provided a clear introduction to blockchain, covering its basic concepts, unique features, real-world applications, and future prospects. The presentation was made for high school students to appreciate tech and the possible career tracks.

Transcript

1. A BEGINNERS’S GUIDE TO UNDERSTANDING BLOCKCHAIN TECHNOLOGY IKERE TECH HUB N Y S c N O v e m b e r 3 0 , 2 0 2 3 > > P a t r i c k C h u k w u < <
2. S O F T W A R E D E V E L O P E R A N D A B L O C K C H A I N E N T H U S I A S T Patrick I., Chukwu
3. TABLE OF CONTENTS 01 Background The evolution of the internet Web 1.0, 2.0 and 3.0 What is Web3 What is Blockchain Career opportunities future Beenefits Use cases Prospects Summary Blockchain 02 04 03 My presentation today is divided into four parts.
4. THE EVOLUTON OF THE INTERNET Web 1.0 Key Features: Web 1.0, also known as the "read-only Web," was the first iteration of the internet. It was characterized by static websites that were primarily owned by companies and organizations. Users were mostly consumers of content, rather than active participants. Static websites Limited user interaction One-way communication (companies to users) Primarily informational content
5. THE EVOLUTON OF THE INTERNET Web 2.0 Key Features: Web 2.0, also known as the "participatory Web," marked a significant shift in the way people interact with the internet. It enabled users to create and share their own content, leading to the rise of social media platforms, blogs, and wikis. User-generated content Social interaction Two-way communication (users to companies and other users) Dynamic and interactive websites
6. So,
7. WEB 3.O Powered by the Blockchain technology
8. Imagine you and your classmates are playing a trading game. You have different toys, and you want to exchange them with each other. To make sure everyone keeps track of who owns which toys, you decide to create a special notebook where you write down every trade. This notebook is like a blockchain.
9. A blockchain is a distributed digital ledger that records transactions in a secure and transparent way. It is like a giant, digital spreadsheet that is maintained by a network of computers. What is a blockchain?
10. Security Blockchain is very secure because it is decentralized. This means that there is no single point of failure that can be hacked. All transactions on a blockchain are visible to everyone on the network. This makes it very transparent and auditable Blockchain can be used to automate many processes, making them more efficient. Transparency Efficiency Benefits of blockchain technology
11. BLOCKCHAIN TECHNOLOGY IS BEING USED TO DEVELOP A WIDE RANGE OF APPLICATIONS, INCLUDING: Bitcoin is the most well-known cryptocurrency, but there are many others. Cryptocurrencies are digital or virtual tokens that use cryptography for security. Cryptocurrencies 1. “The future is decentralized” - Patrick Chukwu Pretend you and your friends decide to create your own currency, called "Friends Coins." Instead of using real coins, you use your notebook to record every time someone buys, sells, or trades Friends Coins. This way, everyone can always know how many Friends Coins they have.
12. BLOCKCHAIN TECHNOLOGY IS BEING USED TO DEVELOP A WIDE RANGE OF APPLICATIONS, INCLUDING: Smart contracts are self-executing contracts that are stored on a blockchain. They can be used to automate a wide range of tasks, such as payments, supply chain management, and voting. 2. Smart contracts “The future is decentralized” - Patrick Chukwu Imagine you and your friends want to create a system for borrowing and lending toys. You can use your notebook to create smart contracts that automatically transfer ownership of toys when certain conditions are met, such as when a toy is returned or when a borrowing fee is paid.
13. BLOCKCHAIN TECHNOLOGY IS BEING USED TO DEVELOP A WIDE RANGE OF APPLICATIONS, INCLUDING: NFTs are digital assets that are unique and cannot be replicated. They can be used to represent ownership of digital assets, such as art, music, and collectibles. 3. Non-fungible tokens (NFTs) “The future is decentralized” - Patrick Chukwu Imagine you and your friends create a collection of unique drawings. You can use your notebook to record ownership of each drawing, ensuring that no one can copy or claim ownership of your artwork.
15. BLOCKCHAIN TECHNOLOGY IS STILL IN ITS EARLY STAGES OF DEVELOPMENT, BUT IT HAS THE POTENTIAL TO REVOLUTIONIZE A WIDE RANGE OF INDUSTRIES. IT IS LIKELY THAT WE WILL SEE EVEN MORE INNOVATIVE APPLICATIONS OF BLOCKCHAIN TECHNOLOGY IN THE YEARS TO COME.
16. SOME CAREER OPPORTUNITIES IN THE BLOCKCHAIN ECOSYSTEM AND THE AVERAGE SALARY IN NIGERIAN: Blockchain Developer Develops and maintains blockchain applications and platforms ₦1,500,000 - ₦4,000,000 Blockchain Engineer Designs and implements blockchain solutions for businesses ₦1,000,000 - ₦3,000,000 Blockchain Security Specialist Secures and protects blockchain networks and applications ₦1,200,000 - ₦3,500,000 Blockchain Product Manager Develops and manages blockchain products ₦1,400,000 - ₦4,000,000
17. S O F T W A R E D E V E L O P E R A N D A B L O C K C H A I N E N T H U S I A S T Patrick I., Chukwu THANK YOU Chukwu Patrick Ifeanyi chukwupatrickiy@gmail.com 09154673779 @pattyfean F O R L I S T E N I N G