Blockchain Explained: Learning the Essentials

Download or read book Blockchain Explained: Learning the Essentials written by Mark Dascano and published by First Rank Publishing. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain is the term that is used to refer to a combination of Cryptocurrency transactions. Cryptocurrency is the general term that can be used to define the digital cash that has not fully come under government regulations. The idea of cryptocurrency is that they are managed by their creators and secured by various mechanisms. Blockchain or the Ledger will contain all the transactions that are done between the users of the currency. This approach was born during the release of Bitcoin in the year 2008 and has become more efficient since them. The process of Blockchain utilizes blocks and each block will contain information on the transactions and will be connected to the previous blocks. This block is all connected to the previous block and this results in a chain that is created with the order of the transactions. This book will focus on the elements of Blockchain technology and educate the user on what it is and explain some of the terms associated with it.