💡Tasks and Quizzes

Some key content on the learning journey is accompanied by explanatory videos, task lists and different learning elements in which core concepts of the technologies and important terms are illustrate.

Blockchain Basics

Understand the structure and function of a blockchain as a decentralized, digital ledger.

• Blocks and Transactions: Learn how data is stored in blocks and linked to form a chain.

• Consensus Mechanisms: Explore how blockchain networks agree on the validity of transactions (e.g., Proof of Work, Proof of Stake).

• Decentralization: Grasp the importance of decentralization for security and trustlessness in blockchain networks.

• Nodes: Know the role of nodes in maintaining and validating the blockchain.

• Mining: Understand the process of adding new blocks to the blockchain through computational efforts.

• Smart Contracts: Learn about self-executing contracts with the terms directly written into code.

• Public vs. Private Blockchains: Distinguish between open, permissionless blockchains and restricted, permissioned blockchains.

• Wallets and Addresses: Understand how digital wallets and addresses are used to store and manage cryptocurrencies.

• Blockchain Security: Learn about the security features that protect blockchain data from tampering.

• Forks: Understand what forks are and how they affect blockchain networks.

• Consensus Algorithms: Dive into different consensus algorithms and their use cases.

• Gas Fees: Learn about transaction fees in blockchain networks, especially in Ethereum.

• Interoperability: Understand the concept of different blockchains working together.

• Governance: Explore how decisions are made within blockchain communities.

• Decentralized Applications (dApps): Learn about applications that run on blockchain networks.

• Initial Coin Offerings (ICOs): Understand the fundraising method used by blockchain projects.

• Privacy: Explore privacy features in blockchain technology, like zero-knowledge proofs.

• Regulations: Be aware of the legal and regulatory considerations surrounding blockchain and cryptocurrencies.

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How to use Sanchogov.tools

SanchoGov.tools offers a range of features designed to help users engage with governance on the Cardano blockchain. These features are designed to give users a hands-on experience with governance in a decentralized network.​ (SanchoNet GovTool)​​

Here are some key aspects you can learn and explore on the platform:

• Governance Features Testing: The GovTool allows ADA holders to test governance features described in CIP-1694. This includes experiencing how governance will function within the Cardano ecosystem in a guided manner.

• Voting and Proposals: Users can register to vote on governance actions, delegate their voting power to Delegated Representatives (DReps), and even propose new governance actions. This feature is crucial for understanding the democratic processes within a blockchain governance system.

• Delegated Representation: You can learn about and become a DRep, which involves gaining voting power and the ability to vote on behalf of others. This helps in understanding how decentralized representation works in a blockchain setting.

• Dashboard and Governance Actions: The platform provides a detailed dashboard where users can view governance actions, change their votes, and see the outcomes of different proposals. This helps users track and manage their involvement in governance.

• Connecting Wallets and Using Test ADA: To participate, users must connect a compatible wallet and obtain test ADA. The platform guides users through these steps, ensuring they are prepared to engage fully in the governance testing environment.

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On-Chain / Off-Chain Safety

On Chain

1. Cryptography: Blockchain networks use advanced cryptographic techniques to secure transactions, wallets, and smart contracts. Public-key cryptography (PKC) is used to ensure the integrity and authenticity of transactions.

2. Consensus Algorithms: Consensus algorithms, such as Proof of Work (PoW), Proof of Stake (PoS), and Byzantine Fault Tolerance (BFT), ensure that all nodes on the network agree on the state of the blockchain, preventing malicious actors from altering the network.

3. Transaction Validation: Transactions are validated on the blockchain through a process called "transaction verification," which ensures that transactions are valid and compliant with network rules.

4. Block Hashing: Each block is hashed and linked to the previous block, creating a chain of blocks that makes it difficult to alter or manipulate the blockchain.

5. Smart Contract Security: Smart contracts are self-executing contracts with the terms of the agreement written directly into lines of code. Secure coding practices, such as secure coding guidelines and regular testing, help prevent vulnerabilities in smart contracts.

Off-Chain

1. Wallet Security: Wallet security is crucial in preventing unauthorized access to cryptocurrency assets. Users should use secure wallets with strong passwords, two-factor authentication, and regular backups.

2. Key Management: Key management is essential for securing private keys, which are used to access cryptocurrency accounts. This includes using secure key storage solutions, such as hardware wallets, and implementing strong password policies.

3. Private Key Protection: Private keys should be kept confidential and protected from unauthorized access. This includes using secure communication channels, such as Tor or VPNs, when accessing cryptocurrency accounts.

4. Multi-Factor Authentication: Multi-factor authentication (MFA) adds an additional layer of security to wallet login processes, making it more difficult for attackers to gain unauthorized access.

5. Regular Updates: Regular updates and maintenance are essential for keeping wallets and software up-to-date with the latest security patches and features.

Best Practice

1. Use Strong Passwords: Use strong, unique passwords for all accounts and wallets.

2. Enable Two-Factor Authentication: Enable two-factor authentication (2FA) whenever possible.

3. Use a Hardware Wallet: Use a hardware wallet for secure storage of private keys.

4. Keep Software Up-to-Date: Regularly update software and firmware to ensure you have the latest security patches.

5. Monitor Transactions: Regularly monitor transaction history and report any suspicious activity to the relevant authorities.

6. Use a Secure Connection: Use a secure connection (HTTPS) when accessing cryptocurrency accounts online.

7. Implement Regular Backups: Implement regular backups of cryptocurrency assets and private keys.