Free MOOC
BLOC-511DL:
Digital Currency
Next Start Date: September 2023
• Taught by Andreas Antonopoulos, Antonis Polemitis and George Giaglis
• 1st Blockchain MOOC in the World
• 95,000+ Students Enrolled from 120+ Countries
• 1st University globally to issue academic certificates as NFTs (Non Fungible Tokens)
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Free MOOC: Digital Currency
BLOC-511DL: Digital Currency is the first free MOOC (Massive Open Online Course) on Cryptocurrencies and Blockchain technology globally, and the first course of the MSc in Digital Currency degree programme.
It is available to anyone around the world interested in learning the basics of cryptocurrencies, in a paced and resource rich environment, under the guidance of field experts.
Top Reasons to Register
Having completed numerous online courses, free and otherwise, from top schools around the world including Thunderbird, Stanford, MIT, Edinburgh and others, I feel I am qualified to say that this course in terms of effect, design, breadth and depth is among the best on the world, and most definitely raised the bar in many regards, perhaps the most significant being the visionary boldness and innovative in taking on the challenge of high quality instruction in the emerging field of digital currencies. I am proud to say I was there when academic history was made.
The World’s First MOOC on Blockchain and Digital Currencies
Taught by world-leading experts Andreas Antonopoulos, George Giaglis and Antonis Polemitis, and attended by over 95,000 students, BLOC-511DL is the world’s first MOOC on Digital Currencies. The course covers both a technical overview of decentralized digital currencies like Bitcoin, as well as their broader economic, legal and financial context. Through this free online course, students get first-hand knowledge of what they are, why they exist, why they are so important for improving financial services, and more.
No previous knowledge of Cryptocurrencies or Blockchain technology is demanded, and no specialized knowledge in either computing, economics or finance is required. The courses are self-contained, with plenty of resources for you to go further in the topics, and you don’t need buy any books. Roughly each of the 12 MOOC sessions, represent individual courses in the MSc that dive far deeper into the specific elements that are discussed in the MOOC. Students of the MSc program will be able to receive credit if they successfully pass mandatory and graded activities with a final essay-based exam.
A UNIC Story – Tey El-Rjula
Watch a video of the truly inspiring story of one of our first MOOC students and his journey from refugee to blockchain entrepreneur.
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Course Overview
Course Objectives
The course is designed to provide an introductory understanding of decentralized digital currencies (cryptocurrencies) such as Bitcoin. In particular, the course will survey the theory and principles by which cryptocurrencies operate, practical examples of basic cryptocurrency use, including clients, wallets, transactions. We’ll look at the cryptocurrency ecosystem financial services and discuss the existing and potential interaction of cryptocurrencies with the banking, financial, legal and regulatory environment. Lastly, the course will examine in detail how cryptocurrencies can be viewed from an innovation perspective and what opportunities they present when blockchain technology converges with other exciting technologies such as Artificial Intelligence and Internet of Things.
The course consists of four general topics:
- Theoretical introduction to cryptocurrencies and Blockchain technology: This will include the history of digital currencies, the invention of decentralized consensus through proof-of-work, and a technical overview of cryptographic currencies such as Bitcoin, as well as alternative/advanced uses of the blockchain.
- Practical introduction to cryptocurrencies: In depth view of how the system works, how it stays secure and what incentives are in play to maintain it functional and growing. How transactions take place, and how Bitcoins are acquired, stored and secured.
- Banking, financial and regulatory implications of cryptocurrencies: Overview of how cryptocurrencies map to the existing monetary and banking system, existing and possible approaches to regulation and their further development.
- Convergence with other technologies & Innovation: How cryptocurrencies can be viewed through conventional innovation frameworks, what this unique positioning tells us about their future as a technology, and what possibilities exist for cryptocurrencies when combined with other innovative technologies such as Artificial Intelligence and Internet of Things, and the fascinating space of Decentralized Finance (DeFi).
Learning Outcomes
After completion of the course students are expected to be able to:
- Understand the fundamental technology components of blockchain-based digital currencies, the process of currency issuance, proof-of-work and alternative consensus mechanisms, how they are applied and how the distributed ledger is structured at its core.
- Understanding digital currency transactions, create their wallets, be able to acquire test bitcoins, conduct transactions from a wallet, and understand the risks and options in keeping their coins reasonably safe.
- Understand more advanced uses of the blockchain such as escrow services, multisignature transactions, asset registration, attestation and smart contracts applications.
- Explore alternative blockchains to Bitcoin, such as alt-coins and Ethereum and IOU-based systems like Ripple and understand some of their differences.
- Understand what parallels and differences cryptocurrencies have with the existing monetary and banking systems, what approaches are the same and what are fundamentally different.
- Understand existing approaches by regulators globally, and the likely frameworks for regulating cryptocurrencies, and their interface with conventional finance, in the future.
- Be able to critically judge on their own, whether cryptocurrencies are disruptive innovations, and what hurdles, bottlenecks or avenues exist towards wider adoption.
- Look at the potential they present when blockchain converges with other innovative technologies such as Artificial Intelligence and Internet of Things.
- Develop a comprehensive understanding of Decentralized Finance, its history and evolution over time, the DeFi ecosystem, its constituent elements, how they interconnect, its advantages but also challenges that it brings.
Course Outline
The course is structured into twelve weekly live Q&A sessions and a final exam.
Roughly each of the 12 MOOC sessions, represent individual courses in the MSc that dive far deeper into the specific elements that are discussed in the MOOC.
At the end of the 12 MOOC sessions, there will be a final quiz. MOOC students who successfully complete the course, will receive a certificate of accomplishment, digitally verifiable on the Bitcoin blockchain.
Furthermore, MOOC is the first course of the MSc Blockchain and Digital Currency program. Students of the MSc program are assigned a different examination path than the rest of the MOOC students. MSc students will be able to receive credit if they successfully pass mandatory and graded activities as well as a final essay-based exam.
Course Outline
Session | Session Theme | Instructor |
---|---|---|
1 | (Brief) History of money | Antonis Polemitis |
2 | The Byzantine Generals’ problem | Andreas Antonopoulos |
3 | Basics of Cryptocurrency | Andreas Antonopoulos |
4 | Bitcoin in practice – part 1 | Andreas Antonopoulos |
5 | Bitcoin in practice – part 2 | Andreas Antonopoulos |
6 | Blockchain Types | Andreas Antonopoulos |
7 | Cryptocurrrencies Taxonomy | Andreas Antonopoulos |
8 | Cryptocurrency, Financial Institutions and Central Banking |
Antonis Polemitis |
9 | Regulatory and tax treatment | Antonis Polemitis |
10 | Blockchain and Decentralization | George Giaglis |
11 | Convergence of blockchain with AI and IoT | George Giaglis |
12 | Decentralized Finance (DeFi) | George Giaglis |
Final Quiz |
Course Instructors
Mr. Polemitis is co-teaching the introductory MOOC on the programme.
Mr. Polemitis is the CEO of the University of Nicosia and also serves as a Director on the coordinating Board of the University. He is an adjunct faculty member and leads the industry advisory committee for the University on digital currency.
Professor George M. Giaglis is Director of the Institute for the Future at the University of Nicosia, as well as a leading expert on blockchain technology and applications and advisor to many blockchain projects and technology start-ups. George has been working on digital currencies and blockchain since 2012, with his main focus being on new forms of industrial organization (programmable smart contracts, decentralized applications and distributed autonomous organizations) and new forms of corporate financing (token economy, crypto-economics and ICOs).
Andreas M. Antonopoulos is a critically-acclaimed best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts. Andreas makes complex subjects accessible and easy to understand. He is known for delivering electric talks that combine economics, psychology, technology, and game theory with current events, personal anecdote, and historical precedent—effortlessly transliterating the complex issues of blockchain technology out of the abstract and into the real world.