Book Image

Blockchain for Business 2019

By : Peter Lipovyanov
Book Image

Blockchain for Business 2019

By: Peter Lipovyanov

Overview of this book

Blockchain for Business 2019 is a comprehensive guide that enables you to bring in various blockchain functionalities to extend your existing business models and make correct fully-informed decisions. You will learn how decentralized applications are transforming numerous business sectors that are expected to play a huge role in the future. You will see how large corporations are already implementing blockchain technology now. You will then learn about the various blockchain services, such as Bitcoin, Ethereum, Hyperledger, and others to understand their use cases in a variety of business domains. You will develop a solid fundamental understanding of blockchain architecture. Moving ahead, you will get to grips with the inner workings of blockchain, with detailed explanations of mining, decentralized consensus, cryptography, smart contracts, and many other important concepts. You will delve into a realistic view of the current state of blockchain technology, along with its issues, limitations, and potential solutions that can take it to the next level. By the end of this book, you will all be well versed in the latest innovations and developments in the emerging blockchain space.
Table of Contents (17 chapters)

The Birth of Bitcoin and the Advantages of a Decentralized Payment System

In the previous two chapters, you discovered what money is nowadays, an abstraction of value. We also noted that the concept of money has become less and less tangible over the years, up to the creation of digital money.

In this chapter, we will look at what stands behind blockchain technology, and how it allows us to create and work with digital money.

The following topics will be covered in this chapter:

  • How Bitcoin came into existence
  • Projects leading up to Bitcoin
  • An introduction to Bitcoin
  • How traditional payment systems work