Two weeks ago, we published a new article about Alyra’s Blockchain training process. As promised, I will provide you with a summary of the concepts covered over the past two weeks in the following lines.
Alyra talks play an essential role in my training entitled “Leading an innovative project”. They allow learners to meet professionals in the sector and discuss interesting topics. But more than that, they allow you to soak up the realities of the practice of professions in the blockchain value chain.
The Alyra talk of the 5th week was an opportunity for us to discuss with Serge Petroff, DeFi consultant at DAO Maker.
After giving us a brief overview of his academic background and the reasons that led him to the crypto industry, Serge spoke to us at length about the activities of CAD Maker. Indeed, DAO Maker is a launchpad, one of the oldest on the market. Created in 2018, this fundraising platform offers early exposure to certain projects deemed relevant and allows investing in them even before they are listed on the exchanges.
More concretely, users who wish to invest in the projects must stake DAO tokens on the platform. The users most likely to be chosen as an early investor in a project are obviously those who have staked the most tokens.
Finally, Serge gave us some advice. Above all, he invited us to show pragmatism and perseverance if we wish to prosper in the industry.
An Alyra talk centered on NFTs
As part of the 6th week talk, Alyra welcomed Félicie le Dragon. She is an NFT and Metaverse Marketing Advisor for her consulting agency NFT Madam and co-founder of NFT Factory. The company, based in Paris, specializes in education on NFTs and the development of projects related to their popularization. The expert firmly believes that only education and research in this field will make it possible to energize it in the future. Moreover, it indicates that the real players of tomorrow in this field will be those who position themselves in it today.
“Tomorrow’s ecosystem will be created by those who make it their own”she hammered.
Felicie the Dragon is a “crypto-enthusiastic” NFT and metaverse version. In particular, she drew the attention of learners to the arrival of major brands in the metaverse, to signify the potential it carries, before urging us to take an interest in it.
In addition, the expert gave three important tips for people interested in blockchain. According to her, you have to impose your idea. “If you have an idea, it’s because you’re in tune with the times and you’re responding to a need. But for an idea to succeed, it is necessary to have arguments to defend it”she explained.
She then advised to be persistent and flexible, as there is no branch in new technologies that is more scalable than blockchain. Perseverance and flexibility above all call for constant learning so as not to be overwhelmed by the rapid evolution of the sector.
Finally, she said that it is important to focus on the essentials, because in the blockchain, there are too many opportunities to be seized. To sum up, you have to focus on what really interests you, at the risk of spreading yourself too thin.
A look back at the last two weeks of classes
In our last article on Alyra training, we discussed, on the one hand, the reasons why blockchains emerged. On the other hand, we talked about the spirit and attribute of blockchain, with a nod to the flagship crypto, bitcoin (BTC). This time, it was about discovering the architecture and operation of a blockchain, the anatomy of a block and the Ethereum blockchain. In particular, we have studied the reasons that make it the No. 1 blockchain for decentralized applications (DApps).
Architecture and operation of a blockchain
This module essentially aims to enlighten learners on the technical functioning of a blockchain. You should know that at this level, the questions of mining, its importance, but also the operation of a mining farm, have been widely discussed. The course allowed us to learn more about the economic model of this activity, as well as the technical details (hash rate, energy challenges, yields) and the issues it faces. To illustrate this development, we have, among other things, studied a world map of mining, produced by the University of Cambridge. The module also made it possible to identify opportunities in this segment.
Anatomy of a block
We also learned that blocks are at the heart of blockchain technology. The blocks, which are linked to each other to form the blockchain, optimize the transaction validation process. They follow precise rules specific to each ecosystem, known as “consensus”. It is a key notion in understanding the blockchain. Consensus makes it possible, among other things, to resist attacks, to make the network fair and equitable for the various stakeholders, and to ensure the irrevocability of transactions and the promotion of an incentive and cooperative economic regime.
At this level, we have discussed in two parts the specificities of the notion of block. These are the block header and the root of Merkle, two elements that allow optimal reading of blockchain data. The first is used to identify a particular block across an entire blockchain. The second is a structure that groups all the transactions to identify in the greatest detail all the information contained within each transaction.
Ethereum, the application-oriented blockchain
After studying bitcoin in the previous modules, an entire module gives us the opportunity to learn about Ethereum and ether, the second largest crypto in the ecosystem by market capitalization. This dive into the heart of Ethereum can be considered the practical part of everything we have seen above, but with a few exceptions.
It should be noted that thanks to its panoply of offers and its technical flexibility, Ethereum naturally attracts developers (Dapps), decentralized autonomous organizations (DAOs), decentralized finance companies (DeFi) and NFT marketplaces. Today, it is one of the ecosystems that most attracts the various stakeholders in the blockchain value chain. These assets are why Ethereum is increasingly considered as the blockchain with the greatest potential. Some believe it could be more important than Bitcoin in the future.
Alyra’s Live Experts
The Alyra talks aren’t the only opportunities we have to interact with experts in the cryptosphere, there are also the Live Experts. I failed to mention them in my previous posts. But fortunately, it is never too late to do well.
If the Alyra talks take place on Mondays, the Live Experts, meanwhile, are held on Thursdays. It is to the expert Fanis Michalakis that returned the task of animating those of these last two weeks. Fanis is a blockchain developer, he knows what’s under the hood. He explained to us at length the history, and even the “prehistory”, of Bitcoin, how it works in concrete terms and the reasons why it is better to use your own node. The expert also presented us with the classic route of a bitcoin transaction, from its construction to the propagation of the block.
After 6 weeks, my impressions have not changed. If you follow me since the beginning of this journey, you probably know my point of view about training ” Lead an innovative project », from Alyra, the training course for future blockchain consultants. On the other hand, if this article is the first of the series that you read, do not hesitate to read my first and my second text. You will discover behind the scenes of the first 4 weeks of classes and my feelings about the richness, but also the amount of work that this training represents.
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