Motivation
Bitcoin, Ethereum, Blockchain, DeFi, etc. are terms that are being thrown around a lot these days. You hear about it a lot on social media and on other places on the internet (especially when their prices are rising), but the vast majority of people do not know much about what they are or what they do.
My name is Harsh Strongman and I was one of those people. Naturally, being curious, I wanted to learn more about these technologies. I did what all of us do: a web search. And I found a myriad of resources, most of which were either too basic or too complex and filled with jargon. Moreover, they are entirely unstructured and I felt like I was picking up tiny pieces of information here and there, instead of learning in a structured, “builds on top of previous knowledge” way.
Since I could not find a decent non-technical resource that will allow me to learn about these technologies in a structured way, I decided to create one (in collaboration with YourDevOps Guy).
This course will teach you everything you need to know about Bitcoin, Ethereum, Blockchain, DeFi, NFTs, etc. as a non-developer (i.e. you can understand everything without having a technical background).
All the course content is freely available and self-paced i.e. you can watch and read as per your leisure.
You will notice that some concepts are covered in multiple resources or sections. This redundancy is a feature of this course, not a bug. We deliberately looked for resources that demonstrated key concepts from different angles and at different levels of complexity to ensure the best possible learning experience for you.
Course Duration
Currently, only Module 1 has been released. We are still working on the other modules. The release timeline can be found on the website sidebar.
Module 1 (Bitcoin) is about 26 hours long. This translates to roughly 4 weeks if you devote 6 hours/week to your studies.
Note: The content must be watched/read in the order presented. Each resource builds upon the information and concepts learnt in the previous resources.
Module 1: Bitcoin
Preliminaries
The best way to learn a thing is to know its history. Before you start exploring the internals of Bitcoin, you have to know the history and context under which it was created and what problem it is trying to solve.
Resource | Topics Covered | Effort |
The History and Evolution of Money | money, currency, barter, fiat, capitalism, history of money, trust, commodity money, paper money, currency printing, double spending problem, centralization, decentralization, motivation behind Bitcoin |
30 Minutes |
Before we get into the nitty gritty details, we want you to get a broad idea of what Bitcoin is and the technology we’re dealing with.
Resource | Topics Covered | Effort |
What is Bitcoin and how does it work? | ledger, public key, private key, digital signature, hash functions, proof of work, blockchain, mining, block reward | 30 Minutes |
There are a couple of technical ideas that you need to know to grasp how Bitcoin works. For example, hash functions are the basis for Public Key cryptography and Proof of work, some of the pillars of Bitcoin design. This is what we will cover now.
The content here might feel technical and intimidating, but it’s just there so you don’t find the words alien when they’re used later on. It’s okay if you don’t fully understand the topics at the moment.
Resource | Topics Covered | Effort |
Hash Functions |
hash function, digital signature, MD5, SHA-256, collision resistance | 30 Minutes |
Public key cryptography concepts |
public key, private key, hashing, fingerprint, encryption, decryption, digital signature | 20 Minutes |
Optional: Chapter 2 of The GNU Privacy Handbook
Basic Bitcoin
This section is mandatory.
After finishing this section, you’ll be able to understand the Bitcoin whitepaper.
Resource |
Topics Covered |
Effort |
History of bitcoin, ways of getting bitcoin, price discovery, QR code, satoshi unit, transaction fee, mempool bitcoin exchange, Bitcoin ATM, private and public keys, bitcoin address, base58, 21 million upper limit, confirmations, blockchain, miner, halving, mining incentives, coinbase transaction |
2 Hours |
|
Consensus in a decentralized network |
Byzantine Fault Tolerance, what is Consensus, Nakamoto Consensus, |
1.5 hours |
Nodes |
Role of nodes in the network, how the trustless system works, What is a node, what is Consensus, 51% attack, full node, light/SPV node, pruned full notde, archival full node, mining nodes, coinbase transaction, staking nodes, Consensus, authority nods, masternodes, lightning nodes, hard fork, soft fork |
1 Hour |
Proof of work and Consensus |
proof of work, Byzantine Fault Tolerance, Nakamoto Consensus, 51% or Majority Attack |
15 Minutes |
Bitcoin Wallets |
What is a wallet, HD wallets, full nodes, SPV light wallets, hot wallet, web wallet, desktop wallets, mobile wallet, hardware wallet, cold storage wallet, paper wallet, brain wallet, multi-signature |
30 Minutes |
The Bitcoin Whitepaper |
whitepaper |
3 Hours |
Extending Bitcoin
Bitcoin is a living creature. Developers continue working on its codebase, introducing new features, improving the documentation, fixing bugs, etc.
A Bitcoin Improvement Proposal (BIP) is a design document for introducing new features or information to Bitcoin. Submitting a new BIP follows a rigorous process to ensure the highest level of quality.
Resource | Topics Covered | Effort |
List of all BIPs with explanation and status, how to add a new BIP | 30 Mins |
However, Bitcoin can also be extended without altering its source code. Although it was designed as a “peer-to-peer version of electronic cash”, Bitcoin provides a number of properties that can be leveraged to create applications on top of it, known as Layer 2 solutions.
In this section we will explore some of the most notable examples.
Improving Bitcoin’s scalability
As we have seen in previous sections, a new block is mined every 10 minutes on average. These blocks have a size limit of 1 MB. These two facts limit the number of transactions that the network can handle per unit of time.
Multiple solutions have been proposed to solve this problem. Here we will cover some of them.
The Lightning Network is a protocol that tries to improve Bitcoin’s ability to quickly handle payments via routed payment channels.
Resource | Topics Covered | Effort |
Lightning Network |
Payment Channels, Routed Payment Channels, Lightning Network, layer 2, multisig, hash time locked contracts (HTLCs), watchtowers | 3 Hours |
Other solutions have been proposed to solve the scalability problem:
- Although it is not its main purpose, Segwit is an upgrade to the Bitcoin protocol that helps improving Bitcoin’s scalability by effectively making transactions smaller and solving the malleability bug which enables the Lightning Network
- Increasing the block size, which resulted in multiple forks giving birth to Bitcoin Cash and Bitcoin Satoshi Vision.
- Schnorr signatures use a faster algorithm to create digital signatures and can combine signatures (from multisig transactions or from transactions with multiple inputs) effectively reducing the transaction size and improving the network capacity.
- Side chains are blockchains (separate from Bitcoins blockchain) that enable Bitcoin’s and other ledger assets to be transferred back and forth between multiple blockchains.
Most of these concepts will be covered in more detail in the upcoming sections.
Tracking assets in the real world (Optional)
Beyond its original use as a digital currency, Bitcoin transactions have been used in clever ways to keep track of assets outside of the blockchain. There are different methods to use transaction metadata to encode the ownership of an asset (a song, a painting, etc.) in the Bitcoin blockchain. These methods are referred to as Colored coins. A notable example is Omni Layer and Tether.
Advanced Bitcoin
This section contains advanced and somewhat technical resources for those wishing to go deeper.
Mandatory
Resource | Topics Covered | Effort |
Bitcoin Transactions (pre-Segwit) |
Multiple inputs, multiple outputs, locking and unlocking transactions | 40 minutes |
Segwit |
Segregated witness, transaction malleability | 1 hour |
The Script language | script programming language, p2pk, p2pkh, p2ms, p2sh | 1 hour |
Merkle Trees
|
Merkle tree, merkle tree leaf, merkle root, merkle proof, nonce | 3 Hours |
Optional
Resource | Topics Covered | Effort |
Bloom Filters |
Bloom Filters, privacy | 1 hour |
Elliptic Curve Cryptography | Elliptic Curve Cryptography | 20 min |
Bitcoin Mind Map
The Future of Bitcoin
Since Bitcoin is a decentralized project, there is no official roadmap to rely on. However, these topics are part of the community discussion and might become relevant in the future.
Resource | Topics Covered | Effort |
Quantum Computing Risks | Risks of quantum computing in the future | 20 Minutes |
Hot Topics |
privacy, scalability, smart contracts | 30 Minutes |
Bitcoin FAQ
Bitcoin History and Culture
Optional reads to become familiar with the culture and history of Bitcoin
Resource | Topics Covered |
Bitcoin Auction: 10,000.00 BTC — Starting Bid 50.00 USD | In March 2010, user “SmokeTooMuch” auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found. |
The Story of The Bitcoin Pizza | On 22 May 2010,Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida, for 10,000 BTC |
History of Bitcoin | A full chronological timeline |
The Long Road To SegWit: How Bitcoin’s Biggest Protocol Upgrade Became Reality | The history of Segwit |
What is Bitcoin Cash (BCH)? | Bitcoin Cash |
What is Bitcoin SV (BSV) | Bitcoin Satoshi Vison |
Feedback and Q&A
You can leave feedback for module 1 here.
You can leave questions for content contained in module 1 here.
Note that you must have completed module 1 in its entirely to leave questions and feedback.
Who Made This
This project was collaborated on by Harsh Strongman and Sergio.
Harsh Strongman is a Chartered Accountant and entrepreneur. He has a self-taught education in Computer Science. He is the owner of Life Math Money, the #1 self-improvement website for men. He can be found on Twitter, Instagram, Telegram. Sign up for his free weekly newsletter here.
Sergio is an aerospace engineer by education, and has worked at Amazon (developing Alexa) as a software engineer. Currently, he works at eBay. He is also a Certified Professional Cloud Architect (Google Cloud), and is the owner of Your DevOps Guy, a website aimed at helping you supercharge your career. He can be found on Twitter. His newsletter signup is available on the sidebar of his website.
Inspiration
The inspiration for this course comes from the Computer Science OSSU and Teach Yourself Computer Science.