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Published in:
A Brief History of Money Read chapter Read first chapter

2023 | OriginalPaper | Chapter

6. Blockchain Basics

Author : Thomas Jeegers

Published in: Understanding Crypto Fundamentals

Publisher: Apress

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Abstract

Understanding cryptoassets involves understanding blockchain. The first cryptoasset, Bitcoin, is only possible through blockchain, and blockchain was developed to make Bitcoin possible. While alternative technologies were subsequently developed to make cryptoassets technically possible, blockchain remains the core behind most cryptoassets.

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previous chapter Birth of a New Asset Class
next chapter Cryptoasset Taxonomies
Footnotes
1
Vitalik Buterin brilliantly analyses what decentralization means through different axes in “The Meaning of Decentralization” [45].
 
2
Anonymous coins exist and are called privacy coins. However, they remain small compared to pseudonymous coins.
 
3
Blocks on the Solana blockchain, for example, are separated by 400 milliseconds, which therefore yields almost three blocks per second.
 
4
“The DAO” was a famous decentralized autonomous organization, but it is not to be confused with other DAOs that are unrelated to it and still exist.
 
5
Both proof of authority and proof of activity use the PoA acronym.
 
6
Society for Worldwide Interbank Financial Telecommunication.
 
Metadata
Title
Blockchain Basics
Author
Thomas Jeegers
Copyright Year
2023
Publisher
Apress
Book
Understanding Crypto Fundamentals

Print ISBN: 978-1-4842-9308-9

Electronic ISBN: 978-1-4842-9309-6

Copyright Year: 2023

DOI
https://doi.org/10.1007/978-1-4842-9309-6_6

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