TL;DR
This paper provides an accessible overview of blockchain technology, explaining its core concepts, mathematics, and algorithms that underpin its use in various sectors like finance, healthcare, and transportation.
Contribution
It offers a comprehensive, beginner-friendly explanation of blockchain's foundational principles, making complex concepts understandable for newcomers.
Findings
Blockchain underpins successful cryptocurrencies like Bitcoin and Ethereum.
It enables secure, transparent transactions across multiple sectors.
The chapter clarifies essential blockchain concepts and algorithms.
Abstract
Blockchain enables a digital society where people can contribute, collaborate, and transact without having to second-guess trust and transparency. It is the technology behind the success of Bitcoin, Ethereum, and many disruptive applications and platforms that have positive impact in numerous sectors, including finance, education, health care, environment, transportation, and philanthropy, to name a few. This chapter provides a friendly description of essential concepts, mathematics, and algorithms that lay the foundation for blockchain technology.
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