Blockchain: A Guide To Blockchain, The Technology Behind Bitcoin, Ethereum And Other Cryptocurrency

Blockchain, #1

Nonfiction, Reference & Language, Law, Banking, Business & Finance, Finance & Investing, Banks & Banking, Investments & Securities
Cover of the book Blockchain: A Guide To Blockchain, The Technology Behind Bitcoin, Ethereum And Other Cryptocurrency by Brendan Gallagher, Brendan Gallagher
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Author: Brendan Gallagher ISBN: 9781386503453
Publisher: Brendan Gallagher Publication: February 28, 2018
Imprint: Language: English
Author: Brendan Gallagher
ISBN: 9781386503453
Publisher: Brendan Gallagher
Publication: February 28, 2018
Imprint:
Language: English

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks, the most recent transactions are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.

Originally developed as the accounting method for the virtual currency Bitcoin, blockchains, which use what's known as distributed ledger technology – are appearing in a variety of commercial applications today. Currently, the technology is primarily used to verify transactions, within digital currencies though it is possible to digitize, code and insert practically any document into the blockchain. Doing so creates an indelible record that cannot be changed; furthermore, the record’s authenticity can be verified by the entire community using the blockchain instead of a single centralized authority.

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A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks, the most recent transactions are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.

Originally developed as the accounting method for the virtual currency Bitcoin, blockchains, which use what's known as distributed ledger technology – are appearing in a variety of commercial applications today. Currently, the technology is primarily used to verify transactions, within digital currencies though it is possible to digitize, code and insert practically any document into the blockchain. Doing so creates an indelible record that cannot be changed; furthermore, the record’s authenticity can be verified by the entire community using the blockchain instead of a single centralized authority.

☆☆To purchase this book for your device scroll to the top and select Buy now with 1 Click ☆☆

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