Blockchain Technologies, Applications and Cryptocurrencies. Группа авторов

Чтение книги онлайн.

       Introduction to Blockchains and Cryptocurrencies

      Sam Goundar

       The University of the South Pacific, Suva, Fiji

       [email protected]

      Blockchains and cryptocurrencies are now topics of substantial impact that academia, practitioners and the IT industry need to contemplate, study, research, publish, innovate, exploit and adopt. This book titled Blockchain Technologies, Applications and Cryptocurrencies intends to provide information on the innovative, scholarly and professional research pertaining to the management, organization and technological use of blockchains and cryptocurrencies. The chapters in this book will be essential for anyone interested in these areas. This book is one of the few dedicated entirely to blockchain technologies, applications and cryptocurrencies.

      Blockchain technologies are being claimed to be as disruptive as the Internet. A white paper, written by Satoshi Nakamoto (a pseudonym), “Bitcoin: A Peer-to-Peer Electronic Cash System” appeared in 2008, setting everything into motion. The white paper detailed how an electronic cash transaction can take place between peers without the need for a third party (financial institution). Since then, the paper has been cited 5,687 times at the time of writing this introduction. Digital signatures and cryptography would be used to secure the financial transaction, and peers on the bitcoin network running on the blockchain technology would verify, validate and authorise the transaction to eliminate the “double spend problem”.

      According to Nakamoto (2008), this would make the system and transaction transparent, immutable and under the control of peers, thus eliminating control of financial institutions and their exorbitant fees. The bitcoin network would timestamp transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that СКАЧАТЬ