Blockchain Basics

Learn the basics of blockchain technology in 25 concise steps. Featuring five additional steps, this updated version explores new developments within blockchain, such as Proof of Stake, Smart Contracts, Blockchain Oracles, Tokenization and Non-Functional Tokens, Decentralized Finance, Crypto Currencies, and Stable Coins. Delivered in a light and conversational manner, author Daniel Drescher explains the fundamentals of software engineering, the required terminology, and points out the reasons why the blockchain is needed. Like the previous edition, no mathematical formulas, program code, or computer science jargon are used. No previous knowledge in computer science, mathematics, programming, or cryptography is required. Terminology is explained through pictures, analogies, and metaphors. Using a fluent and straightforward approach, Blockchain Basics, Second Edition bridges the gap between purely technical and business-focused books by explaining both concepts and their roles in business-relevant applications. What You'll Learn - What the blockchain is, why it is needed, and what problems it solves - Limitations, why they exist, and what has been done to overcome them - Major application scenarios - The value of Proof of Stake, Tokenization and Non-Functional Tokens, and Smart Contracts Who This Book Is For Everyone who wants to get a general idea of what blockchain technology is, how it works, and how it will potentially change the financial system as we know it

Daniel Drescher is an experienced banking professional who has held positions in electronic security trading in a range of banks. His recent activities have focused on automation, machine learning and big data in the context of security trading. Amongst others, Daniel holds a Doctorate in Econometrics from the Technical University of Berlin and an MSc in Software Engineering from the University of Oxford.