Introduction to Blockchain

“I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.” 1999, Milton Friedman, Nobel Prize winner in economics

Now that you know what Bitcoin is, let’s take a look at how it works. In this chapter, we will explain Blockchain technology, the key innovation that differentiates Bitcoin from previous digital currencies.

“[Bitcoin] is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lots of people will build businesses on top of that.” Eric Schmidt Bitcoin is only one application of Blockchain technology. Many people are currently working on Blockchain powered solutions. In this chapter you will learn about a variety of potential use cases of Blockchain technology.