Blockchain Technology: The Ultimate Beginners Guide to Blockchain

By Tim D. Washington

Learn more about BLOCKCHAIN TECHNOLOGY
Blockchain is a decentralized ledger of transactions. You can think of blockchain as a big database of records that is managed by different people, including you - instead of relying on certain institutions to manage your data. You can think of it as a spreadsheet that is sent over a network of computers, which is created in order to regulate the spreadsheet so everyone can make sure every record in it is correct.
Just like what the term blockchain implies, each step of every transaction is stored as a block, which connects to everything that comes after it. These blocks are stored in a network wherein everybody has a copy of the block so that they can be easily pulled up. However, each block is protected by a key, so it doesn't get tampered with by the people within the network.
What does that mean, then? Right now, every paperwork or record that matters to you is handled by an institution that you trust - banks, the government, insurance providers, credit card companies, human resources, and other similar bodies exist because of the principle of trust that people provide them. Because they operate with the virtue of trust, these institutions are the ones that handle most, if not all of the transactions that involve money. To ensure that your records and transactions are secure, your data is secured in a centralized database that only authorized personnel are authorized to access.
Blockchain, on the other hand, promises to decentralize data in such a way that there would not be a single processor that would be handling it. For example, instead of having one or a couple of servers storing data for an insurance, everyone that is connected to a network will have access to insurance data. That's right - this means that your data is going to be shared among a great number of people that needs to agree on its integrity.
While blockchain may seem like a jargon right now, most of the things that you encounter in your daily life are bound to be changed by this concept. This seemingly future concept is already here and is slowly being adapted in economics, trade, and even in the most straightforward transactions that you do.
Chapter 1 - Implications of Blockchain: Big Data, Privacy, and Personal Data
Chapter 2 - Profiting from Blockchain Technologies
Chapter 3 - Blockchain and the Finance Industry
Chapter 4 - Blockchain and Industries Other Than Finance
Chapter 5 - Blockchain Development
Chapter 6 - The Future of Blockchain
Chapter 7 - Limitations & Challenges of Blockchain Technology
Chapter 8 - How to Profit from a Blockchain
Go ahead and buy this book on Blockchain today

• Format: Paperback
• Language: English
• ISBN: 1798013118
• ISBN13: 9781798013113
• Release Date: February 2019
• Publisher: Independently Published
• Length: 46 Pages
• Weight: 0.22 lbs.
• Dimensions: 0.1" x 6.0" x 9.0"