December 2018
Beginner to intermediate
564 pages
17h 34m
English
Content preview from Blockchain Developer's Guide
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What does blockchain solve?
A blockchain performs various functions. We will discuss each of them briefly here and in detail later:
- Security: Due to its consensus structure and multiple failback points, there is minimum chance of failure. Its distributed nature gives better security and reliability.
- Faster settlements: Traditional banking protocols are very time-consuming and incur fairly large forex charges; on the other hand, Bitcoins based on blockchain offer near-instant speed, saving time and costs for the entire financial industry.
- Transparency: Being decentralized in nature, there is no need for a third party, as blockchain is shared with everyone with a wallet, making it a transparent system with trust.
- Economical: Having no third ...
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