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Blockchain for Business 2019

Blockchain for Business 2019

By : Peter Lipovyanov
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Blockchain for Business 2019

Blockchain for Business 2019

By: Peter Lipovyanov

Overview of this book

Blockchain for Business 2019 is a comprehensive guide that enables you to bring in various blockchain functionalities to extend your existing business models and make correct fully-informed decisions. You will learn how decentralized applications are transforming numerous business sectors that are expected to play a huge role in the future. You will see how large corporations are already implementing blockchain technology now. You will then learn about the various blockchain services, such as Bitcoin, Ethereum, Hyperledger, and others to understand their use cases in a variety of business domains. You will develop a solid fundamental understanding of blockchain architecture. Moving ahead, you will get to grips with the inner workings of blockchain, with detailed explanations of mining, decentralized consensus, cryptography, smart contracts, and many other important concepts. You will delve into a realistic view of the current state of blockchain technology, along with its issues, limitations, and potential solutions that can take it to the next level. By the end of this book, you will all be well versed in the latest innovations and developments in the emerging blockchain space.
Table of Contents (17 chapters)
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Bitcoin's scripting language

Now, let's have a look at the programmability aspect of Bitcoin. Some blockchain cryptocurrencies are referred to as programmable money.

Bitcoin is indeed a programmable digital currency. It uses a programming language called Script in structuring and processing transactions. As the name suggests, this is a script type of language, which supports small programs called scripts. They automate the execution of a list of tasks, or commands, that otherwise could be executed one-by-one manually by a human operator.

Script is a high-level programming language with limited functionality, which is also domain-specific, meaning it's specialized to its application domain. Bitcoin's transaction script was specifically designed to be limited in scope, in order to require minimal processing and to be executable even on very simple devices. Its...

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