Download Blockchain PDF: Blueprint for a New Economy by Melanie Swan published on 24th January 2015. Read the soft copy of this book anytime, anywhere and download it for free!
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Inside this book:
We may be at the dawn of a new revolution. This revolution started with a new fringe economy on the Internet, an alternative currency called Bitcoin that was issued and backed not by a central authority, but by automated consensus among networked users. Its true uniqueness, however, lay in the fact that it did not require the users to trust each other. Through algorithmic self-policing, any malicious attempt to defraud the system would be rejected.
In a precise and technical definition, Bitcoin is digital cash that is transacted via the Internet in a decentralized trustless system using a public ledger called the blockchain. It is a new form of money that combines BitTorrent peer-to-peer file sharing1 with public-key cryptography.2 Since its launch in 2009, Bit-coin has spawned a group of imitators—alternative currencies using the same general approach but with different optimizations and tweaks.
More important, blockchain technology could become the seamless embedded economic layer the Web has never had, serving as the technological underlay for payments, decentralized exchange, token earning and spending, digital asset invocation and transfer, and smart contract issuance and execution. Bitcoin and blockchain technology, as a mode of decentralization, could be the next major disruptive technology and worldwide computing paradigm (following the mainframe, PC, Internet, and social networking/mobile phones), with the potential for reconfiguring all human activity as pervasively as did the Web.
Download Blockchain PDF by Melanie Swan
- Book Name: Blockchain: Blueprint for a New Economy
- Author: Melanie Swan
- Language: English
- Status: Available
- Number of Pages: 149 Pages
- Download Format: PDF
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