Live support chatBlockchain and Cryptocurrency Fundamentals - Part 6: Segregated Witness – an Advancement to the Blockchain (Ohio Timed & Monitored Video)
Credit: 1 PDH
Subject Matter Expert: Dana DeMeo, P.E.
In Blockchain and Cryptocurrency Fundamentals - Part 6: Segregated Witness – an Advancement to the Blockchain , you'll learn ...
- Transaction malleability – what does it mean, why it’s bad, and how to fix it
- Segregated Witness – what does it mean and how was this innovative technique implemented in Bitcoin
- Bech32 Bitcoin addresses – how they are calculated and why they are important
Overview
To meet the Ohio Board's intent that online courses be "paced" by the provider, a timer will be used to record your study time. You will be unable to access the quiz until the required study time of 55 minutes has been met.
Credit: 1 PDH
Duration: 55 minutes
This is the sixth course in a series that explains the fundamentals of blockchain technology and cryptocurrency applications. Most of us have heard about blockchain, yet very few have invested the time to really understand what’s happening under the hood.
Engineers from all disciplines will satisfy their curiosity by learning how this amazing new technology actually works! The course is designed for a broad engineering audience beyond computer scientists and programmers. If you’re looking to earn PDHs about a refreshing, modern and different subject, this course is for you.
This course starts with an in-depth look at one of the largest crypto exchange failures – Mt. Gox. Hackers were accused of using a subtle problem in the Bitcoin blockchain called “transaction malleability” to drain accounts. The details of how this was accomplished, along with the technical explanations are provided.
Segregated Witness, or SegWit, was the solution to the malleability issue and was added into the Bitcoin blockchain. While the cryptographic marvels of SegWit are impressive on their own, equally important is how the developers managed to implement the update while maintaining backward compatibility with the rest of the blockchain network. All these details are explained in this course.
The course concludes with an introduction to a new type of Bitcoin address, called Bech32. This more “modern” address is beginning to proliferate the network and the course explains why this is important.
When this course is completed, an engineer of any background will have learned the technical details of what happens under the hood of blockchain systems and will be better prepared to become personally involved with cryptocurrencies.
Specific Knowledge or Skill Obtained
This course teaches the following specific knowledge and skills:
- Basic understanding of transaction malleability and how it used used to drain accounts
- Detailed understanding of Segregated Witness or "SegWit"
- A new type of Bitcoin address called "Bech32"
Certificate of Completion
You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 10 questions. PDH credits are not awarded until the course is completed and quiz is passed.
| This course is applicable to professional engineers in: | ||
| Alabama (P.E.) | Alaska (P.E.) | Arkansas (P.E.) |
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| New Hampshire (P.E.) | New Jersey (P.E.) | New Mexico (P.E.) |
| New York (P.E.) | North Carolina (P.E.) | North Dakota (P.E.) |
| Ohio (P.E. Timed & Monitored) | Oklahoma (P.E.) | Oregon (P.E.) |
| Pennsylvania (P.E.) | South Carolina (P.E.) | South Dakota (P.E.) |
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| Vermont (P.E.) | Virginia (P.E.) | West Virginia (P.E.) |
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To meet the Ohio Board's intent that online courses be "paced" by the provider, a timer will be used to record your study time. You will be unable to access the quiz until the required study time of 55 minutes has been met.
Credit: 1 PDH
Duration: 55 minutes
