Cryptocurrency Ethereum
- Length: 187 pages
- Edition: 1
- Language: English
- Publication Date: 2021-07-01
- ISBN-10: B098KLDGCL
- Sales Rank: #0 (See Top 100 Books)
Blockchain and Cryptocurrency 1. If you are a student of management or business management, you must have come across the term ‘blockchain’ and ‘cryptography’. Have you ever thought about why businesses all over the world are going crazy about this technology? No one wants to miss the bus, and every business is looking forward to gaining a lot from this. Why is it becoming so important for everyone all of a sudden? How it is going to affect our daily lives or the lives of business professionals in different sectors like banking? How does it bring immense opportunities for future business leaders and aspiring students? All these questions are countered effectively in this book. 2. As we know that blockchain is a decentralized ledger-based on peer to peer networking, each peer has a copy of the ledger and transaction, making blockchain technology a decentralized system. This decentralized nature of blockchain derives us to lots of advantages in the business like: ● Immutability: ensures that a system is unaltered. Like, immutability helps companies to ensure that there is no alteration done to the packages in transit. ● Transparency: an essential feature for companies who are looking forward to gaining the trust of their customers. ● Decentralized services: the future of digital society, which will soon become a reality. It will give the customers immense power and freedom. ● Better security: the decentralized feature added with the cryptographic layer makes it fit for providing better security. It is far better for securing systems from being hacked. As it is based on complex algorithms and decentralized features, so no risk of single-point failure. ● Less expensive: due to no management of intermediaries and staff. No paperwork. 3. The global blockchain market is escalating and expected to reach $ 20+ billion in 2023. This shows how rapidly businesses are adopting it. And the reasons for its crazy adoption are ● Reduced operational cost ● Increased efficiency ● Removal of intermediaries ● Authenticity ● Streamlined processes ● Traceability and transparency, especially in the supply chain. 4. Also because of the coming of popular blockchain-as-a-service (BaaS) services, like Azure Blockchain Workbench, Amazon Managed Blockchain, there is no need to arrange expensive blockchain infrastructure. So businesses with low budgets can also aspire for blockchain. 5. Blockchain is going to be the future of all businesses around the world. As a business student, one should equip himself/herself best with all the fundamentals of blockchain technology. Keeping in mind the future growth of blockchain, this book has been written in a very detailed and comprehensive way. It thoroughly explains the basic terminologies and techniques. All the chapters are arranged in chronological order. 6. This book is a part of ‘The Complete MBA Coursework Series’.It follows the Core as well as Elective Courses of prestigious institutions like Wharton and Harvard Business Schools. It will provide you with a self-motivated way of studying the MBA course, unescorted by lengthy cum costly traditional Courses, thus equipping you with the freedom of space and time. 7. You can acquaint yourself with blockchain technology at your place and time. For students, it is inevitable to avoid blockchain. Without delving into its basic aspects, one cannot expect to imagine the future business and market landscape. To be a great business leader in the coming years, blockchain should be comprehended in great detail.
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CHAPTER 1 - Blockchain and Cryptocurrency Blockchain: Three Parts Peer-to-peer networking: Asymmetric cryptography Cryptographic hashing Blockchain technology in different spheres Digital Identity Distributed Cloud Storage Smart Contracts Digital Voting Cryptoeconomics and Security Introduction to Cryptocurrency First Cryptocurrencies Pros and Cons of Cryptocurrencies Pros: Transparency The Chances of Inflation are highly unlikely Users control their money Transactions cannot be traced Security Cons Trust Unrecoverable Untraceable Unstable Limitations Regulation Gresham’s Law Better Money: A Future Path Chapter 2 - Ethereum Ethereum vs. Ethereum Classic Ethereum Chains and Movement Ether: Currency and Commodity Blockout History Chaos in the Crypto World Protocol’s Power Trustless System: A Build Commerce: An Addition Content Creation Source Data Mining 101 Ether and Electricity Prices Browser vs. Wallet or Keychain Advantages of Ethereum “No downtime, censorship, or third-party interference.” “A secure, free, and open platform for the Internet of Things” “Enabling transparent governance for communities and businesses.” “Handles user authentication and secure payments for you, as well as messaging and even decentralized storage” “No need to sign up and pay for application host; the world’s first zero-infrastructure platform” State of Smart Contract Development Today Copycat Coins Project Funding Newbie Programmers: A Heads Up Ethereum: Free and Open Source Private and Public Chains Send and Receive Ether Write Smart Contracts Create Provable Fair Applications Launch Your Token The Promise of Decentralized Databases What’s Next: New Ways of Working CHAPTER 3 - The Mist Browser Wallets as a Computing Metaphor Ether Address Where Is My Ether? The Bank Teller Metaphor Assets in Cryptocurrency Visualizing Ethereum Transactions Breaking with Banking History Trust to Encryption Asymmetric cryptography Public-key cryptography Symmetric Encryption Asymmetric encryption Secure Messaging Secure and Signed Messaging: Digital signature Mist Installation: System Requirements Tools for Developers Working with Messages and Transactions Transactions Change State Editing a Global Database Blockchain: A Revelation Paying for Transactions Understanding Denominations Getting Ether Anonymity in Cryptocurrency CHAPTER 4 - Ethereum Virtual Machine The Central Bank Network of Yesterday Virtual Machines 101 The Role of the Ethereum Protocol in Banking Anyone Can Make a Banking Platform What the EVM Does EVM Applications Are Called Smart Contracts Smart Contracts The EVM Runs Bytecode Understanding State Machines Digital vs. Analog Statements Data’s Role in State How the Guts of the EVM Work The EVM Constantly Checks for Transactions Creating a Common Machine Narrative of What Happened Cryptographic Hashing: Hash Functions Blocks: The History of State Changes Understanding Block Time The Drawbacks of Short Blocks “Solo Node” Blockchain Distributed Security Mining’s Place in the State Transition Function Renting Time on the EVM Gas 101 Gas: Importance Fees as Regulation Gas Specifications How Gas Relates to Scaling the System Accounts, Transactions, and Messages Externally Owned Accounts Contract Accounts Transactions and Messages Characteristics of Transactions Characteristics of Messages CHAPTER 5 - Smart Contracts and Tokens EVM as Back End Smart Contracts to Dapps Assets Backed by Anything Bartering with Fiat Currency Ether as Glass Beads Cryptocurrency Is a Measure of Time Asset Ownership and Civilization Your Pile of Savings = Reputation Money, Tokens, and Reputation Coins are Collectibles The Function of Collectibles in Human Systems Early Counterfeiting Jewelry and Art as Money The Step toward Banknotes Platforms for High-Value Digital Collectibles Tokens Area Category of Smart Contract Tokens as Social Contracts Tokens are a Great First App CHAPTER 6 - Mining Ether Ether’s Source Mining: A Definition Versions of the Truth Difficulty, Self-Regulation, and the Race for Profit Difficulty Factors Required for Block Validation How Proof of Work Aids in Block Time Management What’s going on with the DAG and Nonce? All This for Faster Blocks? Making Fast Blocks Work References
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