Blockchain For Dummies

Find out what Blockchain is, how it works, and what it can do for you Blockchain is the technology behind Bitcoin, the revolutionary 'virtual currency' that's changing the way people do business. While Bitcoin has enjoyed some well-deserved hype, Blockchain may be Bitcoin's most vital legacy. Blockchain For Dummies is the ideal starting place for business pros looking to gain a better understanding of what Blockchain is, how it can improve the integrity of their data, and how it can work to fundamentally change their business and enhance their data security. Blockchain For Dummies covers the essential things you need to know about this exciting technology's promise of revolutionizing financial transactions, data security, and information integrity. The book covers the technologies behind Blockchain, introduces a variety of existing Blockchain solutions, and even walks you through creating a small but working Blockchain-based application. Blockchain holds the promise to revolutionize a wide variety of businesses. Get in the know about Blockchain now with Blockchain For Dummies and be ready to make the changes to business that your colleagues and competitors will later wish they'd done. Discover ten ways Blockchain can change business Find out how to apply a Blockchain solution See how to make data more secure Learn how to work with vendors Filled with vital information and tips on how this paradigm-changing technology can transform your business for the better, this book will not only show you Blockchain's full potential, but your own as well!

Autorentext

Tiana Laurence is a co-founder of Factom, a company that provides blockchain-based solutions for many business uses, including enhanced security for IoT. Factom has been named one of the 20 most influential blockchain companies.

Klappentext

• Get to know the potential of blockchain
• Find ways blockchain can improve your business

• Get tips on enhancing data security with blockchain Learn how Blockchain changes business Blockchainthe revolutionary technology behind the Bitcoin phenomenoncan also revolutionize financial transactions, data security, and information integrity for your business. This book shows you how it works and how your company can tap into its power. Discover different types of blockchains, what they can do, and the basics of blockchain platforms. You'll also find out how blockchain powers Bitcoin and benefits a variety of other industries. Be the first on your block with blockchain and reap the rewards! Inside

• Blockchain fundamentals
• Blockchains built for specific purposes
• The influence of blockchain
• How to acquire and apply a blockchain solution
• Secure your data with blockchain
• Ten blockchain rules you should never break

Zusammenfassung
Find out what Blockchain is, how it works, and what it can do for you Blockchain is the technology behind Bitcoin, the revolutionary 'virtual currency' that's changing the way people do business. While Bitcoin has enjoyed some well-deserved hype, Blockchain may be Bitcoin's most vital legacy. Blockchain For Dummies is the ideal starting place for business pros looking to gain a better understanding of what Blockchain is, how it can improve the integrity of their data, and how it can work to fundamentally change their business and enhance their data security. Blockchain For Dummies covers the essential things you need to know about this exciting technology's promise of revolutionizing financial transactions, data security, and information integrity. The book covers the technologies behind Blockchain, introduces a variety of existing Blockchain solutions, and even walks you through creating a small but working Blockchain-based application. Blockchain holds the promise to revolutionize a wide variety of businesses. Get in the know about Blockchain now with Blockchain For Dummies and be ready to make the changes to business that your colleagues and competitors will later wish they'd done. Discover ten ways Blockchain can change business

• Find out how to apply a Blockchain solution
• See how to make data more secure
• Learn how to work with vendors Filled with vital information and tips on how this paradigm-changing technology can transform your business for the better, this book will not only show you Blockchain's full potential, but your own as well!

Inhalt
Introduction 1

About This Book 1

Foolish Assumptions 2

Icons Used in This Book 2

Beyond the Book 3

Where to Go from Here 3

Part 1: Getting Started with Blockchain 5

Chapter 1: Introducing Blockchain 7

Beginning at the Beginning: What Blockchains Are 7

What blockchains do 8

Why blockchains matter 9

The Structure of Blockchains 10

Blockchain Applications 11

The Blockchain Life Cycle 11

Consensus: The Driving Force of Blockchains 12

Blockchains in Use 14

Current blockchain uses 14

Future blockchain applications 15

Chapter 2: Picking a Blockchain 17

Where Blockchains Add Substance 17

Determining your needs 18

Defining your goal 19

Choosing a Solution 19

Drawing a blockchain decision tree 21

Making a plan 22

Chapter 3: Getting Your Hands on Blockchain 25

Diving into the Bitcoin Blockchain 25

Creating your first Bitcoin wallet 26

Creating a second Bitcoin wallet 27

Generating a Bitcoin vanity address 27

Transferring your vanity address 28

Making an entry into the Bitcoin blockchain 29

Reading a blockchain entry in Bitcoin 29

Using Smart Contracts with Bitcoin 30

Building your first smart bond 31

Checking the status of your contract 33

Building a Private Blockchain with Docker and Ethereum 34

Preparing your computer 34

Building your blockchain 36

Part 2: Developing Your Knowledge 39

Chapter 4: Beholding the Bitcoin Blockchain 41

Getting a Brief History of the Bitcoin Blockchain 42

Debunking Some Common Bitcoin Misconceptions 45

Bitcoin: The New Wild West 47

Fake sites 47

No, you first! 47

Get-rich-quick schemes 48

Mining for Bitcoins 48

Making Your First Paper Wallet 49

Chapter 5: Encountering the Ethereum Blockchain 51

Exploring the Brief History of Ethereum 52

Ethereum: The Open-Source World Wide Computer 53

Decentralized applications: Welcome to the future 54

The power of decentralized autonomous organizations 54

Hacking a Blockchain 57

Understanding smart contracts 58

Discovering the cryptocurrency Ether 58

Getting Up and Running on Ethereum 59

Mining for ether 59

Setting up your Ethereum wallet 60

Building Your First Decentralized Autonomous Organization 60

Test net and congress 61

Governance and voting 62

Uncovering the Future of DAOs 63

Putting money in a DAO 63

Building smarter smart contracts 64

Finding bugs in the system 64

Chapter 6: Regarding the Ripple Blockchain 65

Getting a Brief History of the Ripple Blockchain 66

Ripple: It's All About Trust 67

Seeing How Ripple Differs from Other Blockchains 68

Unleashing the Full Power of Ripple 71

Exercising Caution with Ripple 72

Chapter 7: Finding the Factom Blockchain 75

A Matter of Trust 76

The purpose of the Factom blockchain: Publishing anything 77

Incentives of federation 78

Building on Factom 81

Authenticating documents and building identities using APIs 81

Getting to know the Factoid: Not a normal token 81

Anchoring your application 82

Publishing on Factom 82

Building transparency in the mortgage industry 84

Verifying physical documents: dLoc with Factom 86

Chapter 8: Digging into DigiByte 89

Getting Familiar with DigiByte: The Fast Blockchain 90

Mining on DigiByte 91

Signing Documents on DigiByte's DiguSign 94

Earning DigiBytes While Gaming 95

**Part 3: Po…