Chapter 4. Blockchain Fundamentals
Blockchain can be a complex topic for many, and in teaching it to hundreds of people over the past few years, I’ve found that people learn about blockchain from different technical perspectives or starting points, or from no technical starting point at all. That makes teaching it complex because content needs to make sense to all kinds of audiences.
In this chapter, we’ll take an iterative approach to understanding some blockchain concepts, starting with an entirely nontechnical story that depicts some of the problems blockchains solve. We’ll then layer in more technical information, exploring in more and more detail how blockchain works under the hood, and finally end the chapter with a detailed and technical walk-through of a day in the life of a blockchain. Feel free to jump to the sections of this chapter that are most relevant to your learning.
We’ll start with an apocalyptic story to help us feel, internalize, and think through some of the problems blockchain solves and avoid any technical jargon. If you’re completely new to blockchain or need a fresh perspective on it, then this is where you should start.
Apocalypse Now
Imagine waking up one Sunday to a crisp and beautiful morning where the birds are singing and the clear skies are throwing gobs of sunlight into your residence. As you lazily put on your slippers and mosey on over to your coffee maker, mulling over plans for the day, your mobile phone rings, and you answer it quickly. ...
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