©  Vikram Dhillon, David Metcalf, and Max Hooper 2017

Vikram Dhillon, David Metcalf and Max Hooper, Blockchain Enabled Applications, https://doi.org/10.1007/978-1-4842-3081-7_3

3. Foundations of Blockchain

Vikram Dhillon, David Metcalf1 and Max Hooper1

(1)Orlando, Florida, USA

You never change things by fighting the existing reality.

To change something, build a new model that makes the existing model obsolete.

R. Buckminster Fuller

The blockchain is a decentralized data structure with internal consistency maintained through consensus reached by all the users on the current state of the network. It’s an enabling technology that resolved the Byzantine generals’ problem (message communication between untrusted parties) and opened up a new horizon ...

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