Since the concept of blockchain originated from a cryptocurrency, the best way to understand the true implementation of the blockchain technology is through a cryptocurrency application. In this chapter, we have covered all the concepts of cryptocurrency with the help of Bitcoin in order to understand how cryptocurrency functions in a decentralized network.
We started with the basics of Bitcoin and how they are set up to form a decentralized network. Then we dived into several concepts, such as keys, addresses, and wallets, used in Bitcoin. Bitcoin transactions were explored in depth since those are the events that bring value to the Bitcoin network. We also dived into the essence of blockchain, including mining and consensus of Bitcoin. Finally, we concluded the chapter by creating a simple cryptocurrency application.
This chapter serves as a reference because it elaborates...