Business,Operations,Guide

Module 1

Decentralized Systems

Decentralized systems distribute authority across many independent participants rather than relying on a central intermediary. Their core philosophy centers on individual sovereignty, whereas users control their own assets and data, while implimenting trust minimization strategies, whereas cryptography and consensus replace institutional oversight. Bitcoin demonstrates this through censorship-resistant digital money, while Ethereum extends the model to programmable applications and smart contracts, enabling open, verifiable coordination at scale.

Decentralized systems form the core of blockchain technology. In this module, we introduce the fundamental concepts of blockchains, cryptocurrencies, and smart contracts, and compare them to legacy systems like traditional ledgers and legal contracts.

Module 1.1 -- Blockchain Technology