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)


We have reached the end of this chapter! Now, you should be able to appreciate what a unique system Bitcoin is. It is the first and foremost implementation of a decentralized digital currency and peer-to-peer payment system. To recap, the five powers powering Bitcoin are as follows:

  • Blockchain
  • Cryptography
  • Proof-of-Work consensus algorithm
  • P2P network
  • Software code base

All these create powerful network effects and are further reinforced with the growth of the Bitcoin community and ecosystem. With increased user adoption, more applications and use cases, the value of the network grows, which in turn creates incentives for further development and innovation leading to an even higher future growth potential.

We started our Bitcoin journey from the roots of the technology and reviewed its successful launch and evolution. We went on to examine more sophisticated concepts...