Blockchain for Beginners

By MAX EDITORIAL

Blockchain is a distributed ledger technology that allows information to be recorded securely and transparently. It is based on a system of blocks that are linked to each other using cryptography. Each block contains data such as financial transactions, health records or intellectual property.

Blockchain has the potential to revolutionize the way we communicate, work and do business. It can be used to improve the efficiency, security and transparency of a wide range of applications..


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• Language: English
• Publisher: Max Editorial
• Release date: Mar 7, 2024
• ISBN: 9781779717245

Book preview

Chapter 1: Introduction to blockchain

Blockchain is a distributed ledger technology that allows information to be recorded securely and transparently. It is based on a system of blocks that are linked to each other using cryptography. Each block contains data such as financial transactions, health records or intellectual property.

Blockchain has the potential to revolutionize the way we communicate, work and do business. It can be used to improve the efficiency, security and transparency of a wide range of applications.

Chapter 2: How blockchain works

Blockchain works in a decentralized way, which means there is no central entity that controls it . Instead, the blockchain is maintained by a network of computers that are connected to each other.

When a new transaction is carried out, it is recorded in a new block. This block is then encrypted and appended to the existing chain.

To change any data on the blockchain , all subsequent blocks would need to be changed. This is extremely difficult to do as it would require controlling more than 50% of the network.

Chapter 3: Blockchain Components

The blockchain is made up of four main components:

Nodes: Nodes are the computers that are connected to the blockchain network . They are responsible for storing and validating blockchain data .

Transactions: Transactions are the data that is recorded on the blockchain . They can be anything from financial transactions to intellectual property