
Blockchain 101: Distributed Ledger Technology (DLT) (Book1)
Derisse Ondo♥️
Description
*Blockchain for the non-developerBook 1: Blockchain 101: Distributed Ledger Technology (DLT) Book 2: Blockchain 101: Forking, Smart Contracts, Scaling, & Permissioned States This Concise Reads series is set up in short 1-hour explanations of blockchain technology to educate the general public and students planning to make a career in this exciting new field. As it was in the early 2000s when students were foregoing careers in banking for careers in internet startups, today students are doubling down on blockchain classes and internships to build an exciting career for themselves. This first guide in the series explains the core technology behind blockchains-namely:what is blockchain, what came before bitcoin, who is Satoshi?what exactly is a block and how is it created from code?what is distributed ledger technology or DLT and why do we call it that?how do we reach 'consensus' and what does that mean?What is proof of work or proof of stake and what are other algorithms that blockchain security is founded on?What are the basics of its technical architecture (things like hashes, transactions, ledgers, and linking of chains)In the second guide, we'll explore:ForkingScalingSmart contractsPermissioned and permissionless technology and how they are usedThe second guide was a lot of fun to write, but to understand and appreciate it, you'll need to go through the basics in the first guide.Introduction excerpt:The rapid adoption of blockchain mimics the rapid adoption of internet technology in the 1990s. Today we are in an exciting part of the cycle where hundreds of technology startups are raising funds through Initial Coin Offerings (ICOs) to bring this technology mainstream. This is reminiscent of the hundreds of Initial Public Offerings (IPOs) of 1999. As we recall, there was much enthusiasm for the technology which fueled the bubble that ultimately burst in 2000. Speculators were so excited about the new technology that they did not complete their due diligence on the business plan and whether these companies would u