Blockchain What is Blockchain Technology, Cryptocurrency Bitcoin, Ethereum, and Smart Contracts? Blockchain for dummies.
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About this ebook
Are you new to blockchain technology? While you might be familiar with Bitcoin and Cryptocurrency, the words - Blockchain and blockchain programming can be intimidating for some. Inside this comprehensive Blockchain for dummies guide, you will acquire all the necessary information that you need. These days, there is a lot of hype surrounding the concept of the blockchain revolution. The industry experts see the technology as one of the greatest innovations since the invention of the internet. Numerous companies, banks, and several governments are rushing to implement blockchain technology in various areas that could impact every person on the planet within the next few years. At present Blockchain is the biggest revolution in the financial sector.
Cryptocurrencies might be interesting, but go pale when compared with blockchain technology. Experts predict that the blockchain technology will change the way information is shared across the world, and it will become a central part of our lives over the next ten to fifteen years. What is Blockchain? The blockchain is simple, inexpensive, and effective revolutionary protocol that allows transactions to be secure and anonymous by keeping a hack-proof public ledger of value. The blockchain is a decentralized public ledger, which keeps records of all the transactions on a blockchain network comprising consumers, services, and suppliers of products. Instead of relying on a centralized authority, blockchain technology established a peer-to-peer network through a distributed consensus mechanism.
At its core, a blockchain builds trust into the network, eliminates intermediaries and secure data transaction. Blockchains are new technology layers that revamp the internet. After setup, blockchains never go offline and offer an incredible amount of resiliency. This book will delve into the world of blockchain and give a layman’s overview of what it is, how it works and what the future might hold. This guide includes all of the basic information that you need to know about blockchain; what it is; how it was introduced; why it is so important today; and how it can be used in every sector of the contemporary world. Whether you are a private citizen, an inventor or an entrepreneur, blockchain technology is going to mean a lot to you in the future. Over the coming years, you will come to see blockchain technology play an ever greater role in your daily life. Don’t get left behind, start to read the book, enlighten yourself and prepare for the future.
Here Is A Preview Of What You'll Learn...
Introduction
Chapter 1: Introduction to the Blockchain
Chapter 2: How Blockchain Technology Works
Chapter 3: How Bitcoin and Blockchain Appear in the Technology World
Chapter 4: Why You Should Use Blockchain Technology
Chapter 5: The Shortcomings of Blockchain Technology
Chapter 6: Blockchain and Financial Activities
Chapter 7: How Non-Financial Industries are Impacted
Chapter 8: Discussion on Ethereum
Chapter 9: The Future of Blockchain
Conclusion
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Tags: blockchain programming, blockchain technology, blockchain for dummies, blockchain revolution, blockchain business, what is blockchain technology, cryptocurrency,
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Reviews for Blockchain What is Blockchain Technology, Cryptocurrency Bitcoin, Ethereum, and Smart Contracts? Blockchain for dummies.
6 ratings3 reviews
- Rating: 2 out of 5 stars2/5
Mar 6, 2019
Straightforward and clear, however attempts to come up with analogies only make thw subject harder to inderstand. issues with grammar and spelling are distracting. - Rating: 5 out of 5 stars5/5
Sep 7, 2018
simple and direct explanation and illustration. Indeed good for beginners . - Rating: 4 out of 5 stars4/5
Apr 4, 2020
Good book for begginers. I have enjoyed it. I recommend it.
Book preview
Blockchain What is Blockchain Technology, Cryptocurrency Bitcoin, Ethereum, and Smart Contracts? Blockchain for dummies. - Robert Spinelli
Blockchain
What is Blockchain Technology, Cryptocurrency Bitcoin, Ethereum, and Smart Contracts? Blockchain for dummies.
Copyright 2017 Robert Spinelli
Published by Robert Spinelli at Smashwords
Smashwords Edition License Notes
This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your enjoyment only, then please return to Smashwords.com or your favorite retailer and purchase your own copy. Thank you for respecting the hard work of this author.
Copyright © Robert Spinelli, 2017
All rights reserved.
The moral right of the author has been asserted
No part of this book may be reproduced,
stored in a retrieval system
or transmitted in any form by any means
electronic, mechanical, photocopying,
recording or otherwise, without prior
permission from the publisher.
Table of Contents
Introduction
Chapter 1: Introduction to the Blockchain
Chapter 2: How Blockchain Technology Works
Chapter 3: How Bitcoin and Blockchain Appear in the Technology World
Chapter 4: Why You Should Use Blockchain Technology
Chapter 5: The Shortcomings of Blockchain Technology
Chapter 6: Blockchain and Financial Activities
Chapter 7: How Non-Financial Industries are Impacted
Chapter 8: Discussion on Ethereum
Chapter 9: The Future of Blockchain
Conclusion
Introduction
The blockchain is a distributed database that enables permanent, transparent, and secure storage of data. The blockchain is a technology that is already changing the way our economy and financial sector works. Blockchain is taking the world by storm and some consider it as the second coming of the internet. The blockchain is a technology that could cause a massive economic, social and societal change. Blockchain represents the internet of tomorrow where everything from schools, institutions, offices, and banks will only operate through this growing technology. The blockchain is a database that is truly on the cutting edge of technology at the moment. This guide is clear, concise, and implementable and will help you learn why blockchain is important and how it is going to change your life.
Chapter 1:
Introduction to the Blockchain
The Bitcoin and especially the Blockchain technology behind it have revolutionized our lives in many ways. Let's know what blockchain is. According to Investopedia, blockchain is a decentralized, digitized, public ledger of all-electronic or cryptocurrency transactions.
Let's get a much simpler explanation – a blockchain is a basic computer structure to keep data. A blockchain consists of data that is assembled into units or blocks. Just like a book, each block is similar to a page. They are arranged in a sequence and users can easily notice if a page
or a block is missing.
The information on each page
or block is ordered in a chronological and logical manner. The pages all combine to make a book or "blockchain and similar to any library; there can be many other books or blockchains as well. Each newly created block is linked to