January 2019
Beginner to intermediate
372 pages
11h 17m
English
Content preview from Foundations of Blockchain
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The motivations behind blockchain
Every new innovation is the result of an attempt to solve a problem. Blockchain technology is no exception. It's quite evident after learning about the evolution of blockchain technology that it arose because of a need to address the inevitability of uncertainty in the existing economy.
Uncertainty could never be eliminated, but only lowered: there have always been institutions that have acted as third-party lawmakers to lower uncertainty, or lack of trust, whenever there was a need for an agreement between parties. A typical example would be buying an item on eBay. You would always need as much certainty as possible about the trade. One party expects fair goods, and the other expects agreed money. Now, though ...
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