Documents

18 pages
146 views

A-Gentle-Introduction-To-Blockchain-Technology-WEB.pdf

of 18
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Share
Description
A Gentle Introduction To Blockchain Technology A GENTLE INTRODUCTION TO BLOCKCHAIN TECHNOLOGY Table of Contents Title.............................................................................................................................................................3 Part 1 - Executive Summary................................................................
Transcript
  A Gentle Introduction  To Blockchain Technology  Table of Contents A GENTLE INTRODUCTION TO BLOCKCHAIN TECHNOLOGY  Title.............................................................................................................................................................3Part 1 - Executive Summary........................................................................................................4Part 2 - Introducing Bitcoin’s Blockchain.............................................................................5 Public Vs Private Blockchains......................................................................................6Part 3 - An In-Depth Look ............................................................................................................7 Data Storage: What is a blockchain........................................................................8 Data Distribution: How is new data communicated?................................9 Consensus: How do you resolve conflicts?.....................................................10 Upgrades: How do you change the rules?.....................................................11 Write Access: How do you control who can write data?.......................12 Defence: How do you make it hard for hackers?........................................13 Incentives: How do you pay validators?...........................................................16Conclusion..........................................................................................................................................17About.....................................................................................................................................................18 2  A GENTLE INTRODUCTION TO BLOCKCHAIN TECHNOLOGY  Antony LewisBraveNewCoinBits On Blocks Authored ByAdapted fromPublished By A Gentle Introduction To Blockchain Technology Antony Lewis  has a passion for virtual currencies such as bitcoin, and the underlying technologies behind them, including blockchain data structures and distributed consensus systems. Antony believes that these new ways of putting the technologies together will change the world of business, reminiscent of how the internet changed the distribution of information. Antony consults businesses, helping them understand the implications of blockchain technology.antony@bitsonblocks.net@antony_btcSeries ONE covers: “A Gentle Introduction To” > Bitcoin> Blockchain Technology > Bitcoin Mining> Digital Tokens  The ‘ Gentle Introduction Reference Papers™  are the first in a series of accessible documents published by Brave New Coin for industry decision makers. Designed to demystify the inner workings of Bitcoin, Digital Currencies and the emerging Blockchain technology. Free to Download and Share 3  Part 1 EXECUTIVE SUMMARY ã Usually contains financial transactions . ã Is replicated across  a number of systems  in almost real-time . ã Usually exists over a peer-to-peer  network. ã Uses cryptography  and digital signatures  to prove identity, authenticity and enforce read/write access rights. ã Can be written  by certain participants. ã Can be read by certain participants, a wider audience. ã Has mechanisms to make it hard to change historical records , or at least make it easy to detect when someone is tryingto do so.People use the term ‘blockchain technology’ to mean different things, and it can be confusing. Sometimes they are talking about The Bitcoin Blockchain, sometimes it’s other virtual currencies, sometimes it’s smart contracts. Most of the time though, they are talking about distributed ledgers, i.e. a list of transactions that is shared among a number of computers, rather than being stored on a central server. The common themes seem to be a data store which: A GENTLE INTRODUCTION TO BLOCKCHAIN TECHNOLOGY  Think of “blockchain technology” as a collection of technologies, a bit like a bag of Lego. From the bag, you can take out different bricks and put them together in different ways to create different results. Think of blockchain technology as a bag of Lego or bricks. 4
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks
SAVE OUR EARTH

We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

More details...

Sign Now!

We are very appreciated for your Prompt Action!

x