In 25 concise steps, you will learn the basics of blockchain technology. No mathematical formulas, program code, or computer science jargon are used. No previous knowledge in computer science, mathematics, programming, or cryptography is required. Terminology is explained through pictures, analogies, and metaphors. This book bridges the gap that exists between purely technical books about the blockchain and purely business-focused books. It does so by explaining both the technical concepts that make up the blockchain and their role in business-relevant applications. What You'll Learn What the blockchain is Why it is needed and what problem it solves Why there is so much excitement about the blockchain and its potential Major components and their purpose How various components of the blockchain work and interact Limitations, why they exist, and what has been done to overcome them Major application scenarios Who This Book Is For Everyone who wants to get a general idea of what blockchain technology is, how it works, and how it will potentially change the financial system as we know it

In the next sentence, we will talk about the most crucial question that any author needs to be able to answer, and that is "why should anybody read this book?" To put it another way, why should anybody read yet another book about the technology that underpins blockchains? If you keep reading, you will learn the purposes for why this book was produced, as well as what you should anticipate This chapter will discuss the readers for whom this book was written, the organization of the book, and what you may and cannot expect from reading it. A significant amount of focus in both the public discourse and the media has been directed on the blockchain. Some proponents assert that the blockchain is the most significant innovation to take place in the entirety of the planet ever since the introduction of the internet. Over the course of the past several years, this has resulted in the publication of a number of books and articles that are focused on the blockchain. If you want to understand more about how if you're interested in how the blockchain truly functions, you may find yourself drowning in a sea of studies that either lightly cover or fully investigate the technology challenges involved. This may cause you to lose track of how the blockchain actually functions. In any case, you may find it difficult to obtain the information you need. Because of this, it could be challenging for you to have a better understanding of how the blockchain operates. The first choice may leave you disappointed because it does not explain the technical complexities that are required to appreciate and value the blockchain, and the second choice may leave you dissatisfied since it already demands the skills that you desire to gain. Both choices, however, have the potential to leave you dissatisfied. This book bridges the gap between publications that focus purely on the underlying technology of the blockchain, on the one hand, and those that focus on particular applications, the predicted economic effect of the blockchain, or futuristic conceptions, on the other. On the other hand, publications that concentrate solely on the blockchain technology itself have created a gap in the market, which is filled by this book.

An introduction to cryptocurrencies and blockchain technology; a guide for practitioners and students. Bitcoin and blockchain enable the ownership of virtual property without the need for a central authority. Additionally, Bitcoin and other cryptocurrencies make up an entirely new class of assets that have the potential for fundamental change in the current financial system. This book offers an introduction to cryptocurrencies and blockchain technology from the perspective of monetary economics.

An authoritative introduction to the exciting new technologies of digital money Bitcoin and Cryptocurrency Technologies provides a comprehensive introduction to the revolutionary yet often misunderstood new technologies of digital currency. Whether you are a student, software developer, tech entrepreneur, or researcher in computer science, this authoritative and self-contained book tells you everything you need to know about the new global money for the Internet age. How do Bitcoin and its block chain actually work? How secure are your bitcoins? How anonymous are their users? Can cryptocurrencies be regulated? These are some of the many questions this book answers. It begins by tracing the history and development of Bitcoin and cryptocurrencies, and then gives the conceptual and practical foundations you need to engineer secure software that interacts with the Bitcoin network as well as to integrate ideas from Bitcoin into your own projects. Topics include decentralization, mining, the politics of Bitcoin, altcoins and the cryptocurrency ecosystem, the future of Bitcoin, and more. An essential introduction to the new technologies of digital currency Covers the history and mechanics of Bitcoin and the block chain, security, decentralization, anonymity, politics and regulation, altcoins, and much more Features an accompanying website that includes instructional videos for each chapter, homework problems, programming assignments, and lecture slides Also suitable for use with the authors' Coursera online course Electronic solutions manual (available only to professors)

Understand Bitcoin, blockchains, and cryptocurrency with this clear and comprehensible guide Learn the history and basics of cryptocurrency and blockchains: There’s a lot of information on cryptocurrency and blockchains out there. But, for the uninitiated, most of this information can be indecipherable. The Basics of Bitcoins and Blockchains aims to provide an accessible guide to this new currency and the revolutionary technology that powers it. Bitcoin, Ethereum, and other cryptocurrencies: Gain an understanding of a broad spectrum of Bitcoin topics. The Basics of Bitcoins and Blockchains covers topics such as the history of Bitcoin, the Bitcoin blockchain, and Bitcoin buying, selling, and mining. It also answers how payments are made and how transactions are kept secure. Other cryptocurrencies and cryptocurrency pricing are examined, answering how one puts a value on cryptocurrencies and digital tokens. Blockchain technology: Blockchain technology underlies all cryptocurrencies and cryptocurrency transactions. But what exactly is a blockchain, how does it work, and why is it important? The Basics of Bitcoins and Blockchains will answer these questions and more. Learn about notable blockchain platforms, smart contracts, and other important facets of blockchains and their function in the changing cyber-economy. Things to know before buying cryptocurrencies: The Basics of Bitcoins and Blockchains offers trustworthy and balanced insights to those interested in Bitcoin investing or investing in other cryptocurrency. Discover the risks and mitigations, learn how to identify scams, and understand cryptocurrency exchanges, digital wallets, and regulations with this book. Readers will learn about: • Bitcoin and other cryptocurrencies • Blockchain technology and how it works • The workings of the cryptocurrency market • The evolution and potential impacts of Bitcoin and blockchains on global businesses Dive into the world of cryptocurrency with confidence with this comprehensive introduction.

Make Smart Investments by Understanding the Currencies of the Future Inside Beginners Guide to Blockchain Technology, you’ll discover a comprehensive introduction to the cryptocurrency revolution. From Initial Coin Offerings (ICOs) to blockchain-based applications, the new online marketplace requires new knowledge and skills. With this guide, you can take simple steps toward cryptocurrency savvy. You’ll find simple and actionable definitions for common blockchain terms and concepts. This book includes simple, easy-to-understand descriptions of the inner workings of the currencies of tomorrow. You’ll discover: The Fundamentals of Blockchain Technology The Underlying Mechanisms of Blockchain Transactions Why Shared Distributed Ledgers Create New Opportunities The Function of Nodes in Cryptocurrency Networks The Process of Joining a Blockchain System How Blockchain Consensus Stabilizes Cryptocurrencies Before you make an investment decision about blockchain currencies, you need to know the facts. Educate yourself about distributed ledger technology, permissions, and transaction validation. Use this book to wrap your head around mathematical algorithms like Proof of Work, Proof of Stake, Proof of Burn, Multi-Signatures, and Practical Byzantine Fault Tolerance. You’ll even learn about blockchain forks – and how currency systems identify and resolve them. With this book, you can learn the ins and outs of blockchain functionality before making your cryptocurrency investing decisions. Don’t miss out on this valuable opportunity to make the most of the blockchain financial revolution. Get your copy of Beginners Guide to Blockchain Technology today! It’s fast and easy to order – Simple scroll up and click the BUY NOW WITH ONE CLICK button on the right-hand side of your screen.

This book provides a comprehensive introduction to blockchain and distributed ledger technology. Intended as an applied guide for hands-on practitioners, the book includes detailed examples and in-depth explanations of how to build and run a blockchain from scratch. Through its conceptual background and hands-on exercises, this book allows students, teachers and crypto enthusiasts to launch their first blockchain while assuming prior knowledge of the underlying technology. How do I build a blockchain? How do I mint a cryptocurrency? How do I write a smart contract? How do I launch an initial coin offering (ICO)? These are some of questions this book answers. Starting by outlining the beginnings and development of early cryptocurrencies, it provides the conceptual foundations required to engineer secure software that interacts with both public and private ledgers. The topics covered include consensus algorithms, mining and decentralization, and many more. “This is a one-of-a-kind book on Blockchain technology. The authors achieved the perfect balance between the breadth of topics and the depth of technical discussion. But the real gem is the set of carefully curated hands-on exercises that guide the reader through the process of building a Blockchain right from Chapter 1.” Volodymyr Babich, Professor of Operations and Information Management, McDonough School of Business, Georgetown University "An excellent introduction of DLT technology for a non-technical audience. The book is replete with examples and exercises, which greatly facilitate the learning of the underlying processes of blockchain technology for all, from students to entrepreneurs.” Serguei Netessine, Dhirubhai Ambani Professor of Innovation and Entrepreneurship, The Wharton School, University of Pennsylvania "Whether you want to start from scratch or deepen your blockchain knowledge about the latest developments, this book is an essential reference. Through clear explanations and practical code examples, the authors take you on a progressive journey to discover the technology foundations and build your own blockchain. From an operations perspective, you can learn the principles behind the distributed ledger technology relevant for transitioning towards blockchain-enabled supply chains. Reading this book, you'll get inspired, be able to assess the applicability of blockchain to supply chain operations, and learn from best practices recognized in real-world examples." Ralf W. Seifert, Professor of Technology and Operations Management at EPFL and Professor of Operations Management at IMD