Book Image

Blockchain for Decision Makers

By : Romain Tormen
Book Image

Blockchain for Decision Makers

By: Romain Tormen

Overview of this book

In addition to cryptocurrencies, blockchain-based apps are being developed in different industries such as banking, supply chain, and healthcare to achieve digital transformation and enhance user experience. Blockchain is not only about Bitcoin or cryptocurrencies, but also about different technologies such as peer-to-peer networks, consensus mechanisms, and cryptography. These technologies together help sustain trustless environments in which digital value can be transferred between individuals without intermediaries. This book will help you understand the basics of blockchain such as consensus protocols, decentralized applications, and tokenization. You'll focus on how blockchain is used today in different industries and the technological challenges faced while implementing a blockchain strategy. The book also enables you, as a decision maker, to understand blockchain from a technical perspective and evaluate its applicability in your business. Finally, you'll get to grips with blockchain frameworks such as Hyperledger and Quorum and their usability. By the end of this book, you'll have learned about the current use cases of blockchain and be able to implement a blockchain strategy on your own.
Table of Contents (16 chapters)
Title Page

Summary

In this chapter, we distinguished what features Ethereum offers compared to Bitcoin, which is a sole cryptocurrency. We showed how the EVM acts as a world computer, enabling the creation of dApps and smart contracts. We covered the concept of gas, which plays the role of fuel within the infrastructure in order for the code to be run. Eventually, we approached the main differences between proof-of-work and proof-of-stake as well as the ambitious roadmap followed by Ethereum.

In the next chapter, we will discover another important advancement that Ethereum has brought to the blockchain ecosystem, an advancement that made top news at the end of 2017 and that enabled any project to raise millions within minutes: initial coin offerings.