"I'll walk you through the essentials of how Blockchain technology works, using simple explanations and giving examples along the way. I've introduced many people to blockchain, so I know where beginners usually get confused and the main questions they have. All of the basic principles are addressed step-by-step in this book." -- Provided by publisher.

This book offers the most anticipated solution to the blockchain and digital financial questions that are present in the minds of many. It points us to where it all started, where we are at, and a careful and well-informed analysis of what the future holds regarding financial transactions and the growth of cryptocurrency and blockchain technology. The world is consciously taking giant strides into the digital aspect of accounting. With the advent of blockchain and various forms of digital money, it is pertinent for every enthusiastic young mind to understand the basics of the market. The book takes a sneak peek into the future of blockchain and financial technology tech with real-life examples, illustrations, and analysis to tailor the mind of the public to the right path. The industry’s most important terminologies and concepts are broken down into bits for everyone. Every page of the book keeps you more informed about a particular subject matter.

Are you confused by the blockchain? Do you know what it is and how it works? Do you want to know how it can change the world? Then, you’ve chosen the right book. Blockchain technology is not new. In fact, it was introduced in 2009 with the Bitcoin cryptocurrency, but since then, things have moved on at a significant pace. These days, many industries are developing their own blockchain-based solutions, looking to replace their existing database and record-keeping systems with one that works faster and is far more secure. In this book, you will learn: • What blockchain is • How blockchain works – a brief overview and a more technical look • The history of blockchain technology and Bitcoin • The advantages and disadvantages of blockchain technology • How blockchain works with the financial industry • How it works with other industries • What Ethereum is • How decentralized apps and smart contracts work • What the proof-of-work concept is and how it works • The current and future use cases for the blockchain • What Ripple and the R3 consortium are • And much more The blockchain has already changed the world in so many ways, and most of us aren’t even aware that the systems we’ve used every day have changed. Not every blockchain is decentralized; some still have a centralized intermediary. Not every blockchain is open-source. Banks, governments, and financial institutions are all maintaining control but in a more open, secure way that is far less open to fraud than previous financial transaction systems.

Blockchain is the term that is used to refer to a combination of Cryptocurrency transactions. Cryptocurrency is the general term that can be used to define the digital cash that has not fully come under government regulations. The idea of cryptocurrency is that they are managed by their creators and secured by various mechanisms. Blockchain or the Ledger will contain all the transactions that are done between the users of the currency. This approach was born during the release of Bitcoin in the year 2008 and has become more efficient since them. The process of Blockchain utilizes blocks and each block will contain information on the transactions and will be connected to the previous blocks. This block is all connected to the previous block and this results in a chain that is created with the order of the transactions. This book will focus on the elements of Blockchain technology and educate the user on what it is and explain some of the terms associated with it.

Have you heard about Cryptocurrency or Blockchain Technology, but you are still vague about what they are and how they work? Then this book is for you! Blockchain Technology is the most significant innovation since the internet and it is about to take the world by storm. Blockchains will completely change the way that our Governments, Financial Institutions, and Health and Business Systems across the globe process transactions and exchange information. This revolutionary new technology is a multi-purpose tool which can be used in countless applications and will soon impact upon every single one of us from all walks of life. Blockchain Basics Explained provides concise information on all aspects of Blockchains, Wallets, Mining, Smart Contracts and ICO's. In addition, this book will provide practical guidance and instruction on working with blockchains and how to buy, store and invest in cryptocurrencies including Bitcoin, Ethereum, Litecoin and Ripple. You will also discover how to spot and avoid scams. Unlike other books on these subjects, no fancy formulas or technical jargon is used, and no previous experience of any of the topics is required. Inside you will learn the answers to; Are Cryptocurrencies a sound investment? What is a Block and how is it made? How do Blockchain components interact? What problems does Blockchain solve? What started the Blockchain Revolution? Why are current Financial Services disrupted? Could Blockchain Technology replace our institutions altogether? What are the main Blockchain pros and cons? What is the truth behind Blockchain myths? What are the Blockchain main application scenarios? Why is Ethereum relevant? What is the Bitcoin story? How secure are your Bitcoins? What is Litecoin and how can it be used? What are the alternative Blockchains? Smart Contracts explained. What are they and are they legally binding? How does mining work and is it necessary? Where does Ripple come into this? What is ICO and how does it work? What are Wallets and what function do they have? How can you Invest and make money with Cryptocurrency and Blockchain right now? How to spot and avoid scams. What is the future of Blockchain? What are the main Blockchain Technology terms? What are the benefits of the de-centralised Blockchain Technology? And much more! Don't get left behind. Scroll to the top and pick up your copy of Blockchain Basics Explained today! You Don't need a Kindle to read this eBook. You can easily download it and read on your PC, Mac, Smart Phone, Tablet, iPad or Kindle device. Related: Satoshi Nakamoto, Cryptographic hash, timestamp, OmiseGO, distributed ledger, protocol, Decentralized, transaction processing, NEO, double-spending, Stellar, records management, merkle trees hard fork, node, investment, permissionless, permissioned private blockchain, metadata, automated data interchange, the big four, trading bitcoins, private blockchain, Cardano, Ox, Waves, public blockchain, consortium blockchain, blockchain technology, what is blockchain, how is blockchain used, the blockchain, what is cryptocurrency, blockchain books, how blockchain works, blockchain wallet, economics, ICO, Bitcoin, cryptocurrency, digital assets, peer to peer, the future of money, the blockchain revolution, invest with cryptocurrency, blockchain problems, blockchain uses, blockchain applications, blockchain myths, financial services disrupted, master Bitcoin, Ethereum Litecoin, Ripple, Wallets, Mining, IOTA, Internet of things

How the blockchain—a system built on foundations of mutual mistrust—can become trustworthy. The blockchain entered the world on January 3, 2009, introducing an innovative new trust architecture: an environment in which users trust a system—for example, a shared ledger of information—without necessarily trusting any of its components. The cryptocurrency Bitcoin is the most famous implementation of the blockchain, but hundreds of other companies have been founded and billions of dollars invested in similar applications since Bitcoin's launch. Some see the blockchain as offering more opportunities for criminal behavior than benefits to society. In this book, Kevin Werbach shows how a technology resting on foundations of mutual mistrust can become trustworthy. The blockchain, built on open software and decentralized foundations that allow anyone to participate, seems like a threat to any form of regulation. In fact, Werbach argues, law and the blockchain need each other. Blockchain systems that ignore law and governance are likely to fail, or to become outlaw technologies irrelevant to the mainstream economy. That, Werbach cautions, would be a tragic waste of potential. If, however, we recognize the blockchain as a kind of legal technology that shapes behavior in new ways, it can be harnessed to create tremendous business and social value.

Blockchain technology facilitates a decentralized database where business is rendered transparent without the involvement of middlemen. The first use of this technology was its application in digital currency (bitcoin). However, other potential uses of blockchain are yet to be explored. It is expected to have a major impact on cyber security, the internet of things, supply chain management, market prediction, governance, information management, and financial transactions, among others. Blockchain has redesigned the way in which people deal with their money due to its effectiveness, especially in terms of security. Therefore, from the data analytics point of view, investigation of the application of blockchain technology in a wide range of domains is crucial. In this context, this book provides a broad picture of the concepts, techniques, applications, and open research directions in this area, and will serve as a single source of reference for acquiring knowledge on this emerging technology.