The only guide you need to understand mechanics behind blockchain technology
Today only, get this Amazon bestseller for just $15.38. Regularly priced at $17.38! What the book can offer… This book will help you better understand blockchain, a new computer technology that is changing everything from how financial transactions are made to financial systems themselves. Unlike many other new technologies that emerge on the market, blockchain does not build on pre-existing technology. It actually created an entirely new model for how computer programs can run: in a decentralized, peer-to-peer, open-source manner that is not only virtually impenetrable but also does not require trusted mediaries to authorize transactions. Blockchain’s origins go back to the early 1990s, the time when the Internet was beginning to become more accessible to the public. The full concept was laid out in 2008 with Satoshi Nakamoto’s white paper on his proposed cryptocurrency, Bitcoin. He developed the blockchain concept into a fully operational program that provides the best security features in all of cyber security. Some programmers saw that blockchain could be used for programs other than Bitcoin. They went on to develop powerful networks such as Ethereum and Blockstack, while other programmers began to experiment with other practical applications that blockchain had. The potential of blockchain is enormous. It enables highly secure transactions that cannot be tampered with. One feature of blockchain, the smart contract, even ensures that all parties involved in a contract carry out their prescribed duties — without the need for any trusted third party or middleman! Thus, there is no need for haggling, disputing claims, or going back and forth on each party’s responsibility. Adoption of this technology by insurance, financial, and other institutions carries the potential to save on administrative costs. Blockchain smart contracts could even be used in elections by enabling voters to cast their votes from home and automatically tally them in such a way that the final numbers are indisputable; this has the potential to eliminate voter fraud, reverse low-voter turnout, and the margin of error in counting votes. Even so, the potential that blockchain technology has is only beginning to be recognized. In this book, you will find accurate, detailed information that will help you understand what blockchain is, how it is currently being used, and how you can use it.
Here Is A Preview Of What You’ll Learn…
- The history of blockchain technology
- Other technologies spawned from blockchain
- The mechanics behind how blockchain works
- Applications for blockchain
- Limitations and challenges of blockchain
- How to profit from blockchain
- How to build a mining rig
- Much, much more!
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