Proof Of Work In Blockchain [3 hour online session]

 
 
This 3-hour lecture on Proof of Work (PoW) aims to simplify the concept for participants, presenting it in an accessible, layman’s format. We will begin by exploring the origins and fundamental principles of PoW, using relatable analogies to explain how it functions as a consensus mechanism in blockchain technology. Participants will engage in interactive activities, such as solving simple puzzles, to simulate the mining process and understand the computational effort required.
 
The session will then dive into real-world applications of PoW beyond cryptocurrency, showcasing its use in business contexts like verifying transactions, preventing spam, and securing data. By examining specific examples, attendees will learn how PoW contributes to system security and decentralization.
 
Finally, we will discuss the advantages and disadvantages of PoW. While it offers robust security and resistance to certain attacks, it also faces criticism for its high energy consumption and scalability challenges. We will conclude with a discussion on alternative mechanisms and the future of PoW in business, providing participants with a well-rounded understanding of its potential and limitations.
 
Come with a friend and receive eGiftcards worth 10% of the total cost of the course. eGiftcards can be gifted or used in subsequent course/  programs or used to purchase products on this site.