Blockchain Secrets

Page 11

BLOCKCHAIN SECRETS

Chapter 1 – A History of Money, Cryptocurrency, and Blockchain

The concept behind establishing a permanent, decentralized ledger, like blockchain, was first discussed in 1991. However, the first actual blockchain implementation was designed in 2008, by Satoshi Nakamoto. It was his initial design that was used as the underpinning technology that runs the digital currency known as bitcoin.

The blockchain that was engineered by Mr. Satoshi serves as the public ledger for all bitcoin transactions. Bitcoin, if you don't already know, is a digital currency that is now worth roughly $16,000, that runs on blockchain technology. The most wellknown blockchain on the market today is that for Bitcoin, with the Ethereum blockchain coming in a close second. 11


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Conclusion

1min
pages 64-65

Taking the Next Step

2min
pages 58-59

Not Limiting Access

1min
page 63

Verification Process

1min
page 57

Writeable Data

1min
page 54

Benefits of the Proof of Stake Model

2min
pages 39-40

Risks of Blockchain Technology

2min
pages 51-52

Major Hurdles of Blockchain

1min
page 50

Chapter 6 – Risks and Challenges of Blockchain Technology

2min
pages 47-49

Lower Transaction Costs

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page 46

Proof of Stake Challenges

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page 41

Chapter 5 – Benefits of Blockchain Technology

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page 42

Proof of Stake

1min
page 38

Blockchain and Gaming

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page 33

The Cloud and Blockchain

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page 32

Growing Money

1min
page 31

Different Industries that Use Blockchain Technology

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page 28

Adding Value to Your Business

2min
pages 29-30

Chapter 3 – The Business of Blockchain

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page 27

Blockchain Technology Breakdown

2min
pages 24-26

Types of Blockchain

1min
pages 22-23

Components of a Blockchain

1min
pages 18-20

Cryptocurrency

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page 13

Chapter 2 – Blockchain Basics

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page 17

Money

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page 12

Introduction

3min
pages 6-10

How Did Cryptocurrencies Develop?

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page 14

Chapter 1 – A History of Money, Cryptocurrency, and Blockchain

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page 11

Security Concerns

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page 21
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