The Science and Secrets of Blockchain Technology

This book examines blockchain technology in depth and explains how consumers might benefit from it. Blockchain has contained both a social promise and new technology since its inception. Blockchains which were first presented as a solution for Bitcoins cryptocurrency record-keeping system are currently utilized to store records for a wide range of applications. Intermediaries are used in core services that we all rely on such as money transfers voting property records IP rights and identity. These old systems have begun to be replaced with blockchain software. The software takes on the role of a trustworthy record-keeping system with the softwares rules serving as intermediates. This book discusses the principles of blockchain technology and assumes that the reader knows nothing about it. Topics are explained as simply as possible while avoiding obfuscating details that may be important to the reader. It also provides the reader with an overview of the key distinctions in blockchain software as well as a fundamental grasp of how and why these systems operate. After reading this book the reader will be able to speak confidently about the subject and understand significant technological differences. The reader will also gain valuable insight into the security flaws and limitations of blockchain software.