Blockchain, built on the idea of privacy and transparency, allows two parties to transact with one another, without the need for a third party to oversee that transaction.
Transactions are stored on decentralized public ledgers in blocks as pieces of encrypted code, including senders, receivers, and their addresses. Transactions include smart contracts, which activate if all conditions are met. Once transactions are made, they cannot be altered or erased. They are immutable.
This book only scratches the surface of blockchain’s potential, touching on obvious samples of how blockchain is currently being used and how it is envisioned to be used.
Blockchain technology has been embraced by those who believe the online ...
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