Explaining Blockchain Fundamentals
Key components that form blockchain technology have existed since long before Satoshi Nakamoto’s white paper. As Mr. Antonopoulos put it in the book Mastering Bitcoin, “Bitcoin represents the culmination of decades of research in cryptography and distributed systems…”. Prior works by Wei Dai, Hal Finney, Adam Back, and others while creating digital cash demonstrated how proof of work contributed to the creation of Bitcoin’s components. Satoshi’s contribution was to integrate these components to create Bitcoin, solving the age-old problem of consensus and double spending in distributed systems.
My goal for this chapter is to engage readers like yourself in a high-level discussion of what these components ...
Get A Book About Blockchain now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
