March 2017
Intermediate to advanced
540 pages
12h 13m
English
Content preview from Mastering BlockchainBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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The history of blockchain
Blockchain was introduced with the invention of bitcoin in 2008 and then with its practical implementation in 2009. For this chapter, it is sufficient to introduce bitcoin very briefly as there is a full chapter on bitcoin later on but it is also essential to refer to bitcoin because without it, the history of blockchain is not complete.
The concept of electronic cash or digital currency is not new. Since the 1980s, e-cash protocols have existed that are based on a model proposed by David Chaum.
Electronic cash
Just as understanding the concepts of distributed systems is necessary in order to understand blockchain technology, the idea of electronic cash is also essential to appreciate the first and astonishingly successful ...
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