NOTES

CHAPTER 1

1. John-David Lovelock et al., “Forecast: Blockchain Business Value Worldwide, 2017–2030,” Research Note G00325744 (Gartner, March 2, 2017).

2. In the Bitcoin blockchain, block size is uniform and determined by the compute size of the cluster of records. In other chains, the size of the block can vary. For example, in Ethereum, block size is based on how computationally intensive the transactions are. As a general rule, any given block holds the records for about 2,000 transactions. See Mitchell Moos, “Bitcoin Transactions per Block at All-Time Highs,” Cryptoslate, April 8, 2019, https://cryptoslate.com/bitcoin-transactions-per-block-at-all-time-highs/.

3. The concept we now call blockchain was first described in a 2008 white ...

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