Blockchain Secrets

Page 22

BLOCKCHAIN SECRETS

For someone to hack the blockchain system, they would need to go back and change every single block. That would require a ton of effort and patience because blockchains could have upwards of billions of chains linked that a person would have to go through and change. Changing just one or two blocks would automatically send an alert that the system is being hacked. This is only one of the many reasons why blockchain technology has become so popular.

Blockchain technology can be used for a variety of other things as well. It can also be used for global payments, sharing music, or tracking diamond sales.

Types of Blockchain There are three major types of blockchain. There are private blockchains, public blockchains, and consortium blockchains.

Public blockchains are created by the public. Anyone can participate in the creation, confirmation, and recordation of the content that is put into the blockchain. There isn't just one person in charge of overseeing the transactions that happen in this kind of blockchain.

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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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