© Wei-Meng Lee 2019
W.-M. LeeBeginning Ethereum Smart Contracts Programminghttps://doi.org/10.1007/978-1-4842-5086-0_1

1. Understanding Blockchain

Wei-Meng Lee1 
(1)
Ang Mo Kio, Singapore
 

One of the hottest technologies of late is Blockchain. But what exactly is a blockchain? And how does it actually work? In this chapter, we will explore the concept of blockchain, how the concept was conceived, and what problems it aimed to solve. By the end of this chapter, the idea and motivation behind blockchain would be crystal clear.

Tip

For the clearly impatient – A blockchain is a digital transaction of records that’s arranged in chunks of data called blocks. These blocks link with one another through a cryptographic validation known as a hashing function. ...

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