Lesson 2

Blockchain Technology

Lecturer
Max Krupyshev

Max is the CEO of CoinsPaid. His journey in crypto began in 2013 when he co-founded the Bitcoin Foundation in Ukraine, pioneering efforts to promote cryptocurrency adoption in the country. Max has experience in various blockchain projects, including mining, payment processing, and wallet development. He served as the Product Owner at CEX.IO, a global cryptocurrency ecosystem, before becoming the CEO of CoinsPaid in 2019. Max has won several recent industry awards, including ā€œPayTech Leadership – Founderā€ at the PayTech Awards and ā€œBest Visionary CEO in Crypto Paymentsā€ by Global Brands Magazine.

Duration
10 min 20 sec

In this lesson, you’ll learn about blockchain technology and why everyone keeps talking about it in revolutionary terms. Starting with a simple analogy, we’ll break down blockchains, what makes them different from traditional databases, and why decentralization matters. You’ll learn about core concepts like blocks, hashes, consensus mechanisms, and immutability, all explained in a beginner-friendly way.

We’ll cover the history of blockchain, from early cryptographic ideas in the 1990s to the invention of Bitcoin and Ethereum. See the scope of blockchain’s wide-ranging applications beyond currency, including smart contracts, supply chain management, healthcare, and more.