book

Introducing Blockchain Applications: Understand and Develop Blockchain Applications Through Distributed Systems

Name: Introducing Blockchain Applications: Understand and Develop Blockchain Applications Through Distributed Systems
Author: Joseph Thachil George
ISBN: 9781484274804

by Joseph Thachil George

November 2021

Beginner to intermediate

462 pages

9h 49m

English

Apress

Content preview from Introducing Blockchain Applications: Understand and Develop Blockchain Applications Through Distributed Systems

J. T. GeorgeIntroducing Blockchain Applicationshttps://doi.org/10.1007/978-1-4842-7480-4_3

3. Bitcoin

Joseph Thachil George¹

(1)

Rome, Italy

In the previous chapter, you saw how blockchain technology, without the need for a central authority, and thanks to the techniques and algorithms discussed, can establish trust between participants and certify the immutability of a distributed ledger. The blockchain lends itself to being an ideal model for digital currencies, where there is no need for intermediaries and third parties such as banks, insurance companies, and other central organizations. In fact, blockchain was born and spread thanks to Bitcoin.

In 2008, ...

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