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Blockchain for Beginners: Understand the Blockchain Basics and the Foundation of Bitcoin and Cryptocurrencies

Blockchain for Beginners: Understand the Blockchain Basics and the Foundation of Bitcoin and Cryptocurrencies

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Blockchain for Beginners: Understand the Blockchain Basics and the Foundation of Bitcoin and Cryptocurrencies

4.5/5 (2 valutazioni)
67 pagine
55 minuti
May 8, 2018


Make Smart Investments by Understanding the Currencies of the Future
Inside Beginners Guide to Blockchain Technology, you’ll discover a comprehensive introduction to the cryptocurrency revolution. From Initial Coin Offerings (ICOs) to blockchain-based applications, the new online marketplace requires new knowledge and skills.
With this guide, you can take simple steps toward cryptocurrency savvy. You’ll find simple and actionable definitions for common blockchain terms and concepts. This book includes simple, easy-to-understand descriptions of the inner workings of the currencies of tomorrow.
You’ll discover:
  • The Fundamentals of Blockchain Technology
  • The Underlying Mechanisms of Blockchain Transactions
  • Why Shared Distributed Ledgers Create New Opportunities
  • The Function of Nodes in Cryptocurrency Networks
  • The Process of Joining a Blockchain System
  • How Blockchain Consensus Stabilizes Cryptocurrencies
Before you make an investment decision about blockchain currencies, you need to know the facts. Educate yourself about distributed ledger technology, permissions, and transaction validation. Use this book to wrap your head around mathematical algorithms like Proof of Work, Proof of Stake, Proof of Burn, Multi-Signatures, and Practical Byzantine Fault Tolerance. You’ll even learn about blockchain forks – and how currency systems identify and resolve them.
With this book, you can learn the ins and outs of blockchain functionality before making your cryptocurrency investing decisions.
Don’t miss out on this valuable opportunity to make the most of the blockchain financial revolution. Get your copy of Beginners Guide to Blockchain Technology today!
It’s fast and easy to order – Simple scroll up and click the BUY NOW WITH ONE CLICK button on the right-hand side of your screen.
May 8, 2018

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Top citazioni

  • A blockchain can be defined as a shared distributed ledger that contains the record of transactions between participants in a decentralized network.

  • Every participating node in the network has a copy of the ledger. This is to ensure transparency and decentralization.

  • What this means is that when cre- ating a blockchain, the developers have to create a method that will allow a majority of the participating nodes to vote on what they believe should be the true state of affairs of the blockchain.

  • Because there are transactions involved, there needs to be a record of these transactions and with the absence of a central authority in the network, the task of maintaining this transaction record falls on every member of the network.

  • The only identifying information available on the blockchain is the blockchain address of participants. In order to carry out transactions, cryptographic keys are used to decrypt and en-crypt the transaction inputs and outputs respec-tively.

Anteprima del libro

Blockchain for Beginners - Kurt Dugan

Beginners Guide to


Kurt Dugan

Copyright © 2018 by Kurt Dugan.

All rights reserved.

No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law.

For permission requests, please write to the publisher.

Table of Contents



Introduction to Blockchains


Blockchain Fundamentals

History of Blockchains

Chapter Two

How the Blockchain Technology Works

Cryptographic Keys:

P2P Networks:

Network Servicing Protocol:

Features of a Blockchain

Structure of a Blockchain

Parent-Child Relationship

Structure of a Block

Chapter Three

Joining a Blockchain

Functions of Nodes in the Blockchain

Types of Nodes

The Extended Blockchain Network

Components of the Extended Blockchain Network

Chapter Four

Understanding Blockchain Transactions

What is a Transaction?

Blockchain Transaction Lifecycle

The Blockchain Transaction Verification Process

What is Blockchain Mining?

Steps involved in Verifying a Blockchain Transaction

Chapter Five

Understanding Blockchain Consensus

What is a Consensus?

Formation of the Majority Consensus

Blockchain Classification

The Longest Chain Rule

Blockchain Forks



The internet is absolutely filled these days with the buzz of blockchains and how they are changing the world. From the humble beginnings of Satoshi Nakamoto’s iconic white paper on bitcoin to the enormous market capitalization and capital raising figures posted by cryptocurrencies and ICOs (Initial Coin Offerings) this year 2017 alone, one thing is clear – blockchain technology is here to stay!

No longer is the technology the exclusive preserve of computer hobbyists and digital currency enthusiasts as more and more industries are finding new and intuitive ways to take advantage of the technology. Entrepreneurs, Organizations and even Government agencies are making significant inroads into expanding the applicability of blockchain technology.

With all of these developments happening ever so quickly, it is important to gain the necessary background knowledge on the basics of the technology. While it involves a great deal of technical knowledge, it is indeed possible for even a complete computer neophyte to get a firm understanding of the concepts and features of blockchains.

The book is written in a manner that is simple to understand. Technical concepts have been fleshed out and explained in such a way as not to be confusing for beginners.


Introduction to Blockchains

These days, the internet is seemingly saturated with several examples of blockchains. No matter where you turn on the social web, there are posts dedicated to different cryptocurrencies, ICOs (Initial Coin Offerings), and blockchain-based applications, just to mention a few. Blockchain technology is arguably one of the most popular emerging technologies in the world today. It has single-handedly ushered the world into another phase of computer technology that has resulted in sweeping changes across many spheres of human endeavor. Individuals, Entrepreneurs, Corporations and even Governments are investing time, effort and resources into developing more intuitive blockchain applications to provide solutions for diverse problems.


Ever wondered why it is called a blockchain? Well, blockchains literally owe their names to

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  • (4/5)
    One of the best I found so far in Scribd
  • (5/5)
    Very good primer on blockchain. The explanations were simple enough to understand without needing a lot of prior experience or knowledge. Would highly recommend for anyone wanting to learn about blockchain from the basics.