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Blockchain Basics (apress 2017)

In 25 concise steps, you will learn the basics of blockchain technology. 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.

Blockchain Basics (apress 2017)

This book provides an introduction to the Ethereum platform for beginners. It covers the basics of the blockchain technology behind it, including the processes and methods used for creating smart contracts and Decentralized Apps on Ethereum.

The ideas presented in this commentary have been galvanized at the Blockchain4SDGs Workshop, Data Research Centre Campus Fryslân, University of Groningen on December 1, 2017 ( -items/blockchain4sdgs-workshop n.d.). The workshop was organized as a follow-up event of the Humanitarian Blockchain Summit, Fordham University New York, November 10, 2017, which called for a more nuanced debate on the utility of Blockchain technology in the humanitarian sector that would go beyond the hype. The Blockchain4SDGs workshop brought together 25 experts from industry, the humanitarian sector, and academia to discuss the following:

In March 2017, various blockchain startups, research groups, and Fortune 500 companies announced the creation of the Enterprise Ethereum Alliance (EEA) with 30 founding members.[38] By May 2017, the nonprofit organization had 116 enterprise members, including ConsenSys, CME Group, Cornell University's research group, Toyota Research Institute, Samsung SDS, Microsoft, Intel, J. P. Morgan, Cooley LLP, Merck KGaA, DTCC, Deloitte, Accenture, Banco Santander, BNY Mellon, ING, and National Bank of Canada.[39][40] By July 2017, there were over 150 members in the alliance, including MasterCard, Cisco Systems, Sberbank, and Scotiabank.[41]

Ethereum's blockchain uses Merkle trees for security reasons, to improve scalability, and to optimize transaction hashing.[81] As with any Merkle tree implementation, this allows for storage savings, set membership proofs (called "Merkle proofs"), and light client synchronization. The network has faced congestion problems, such as in 2017 in relation to CryptoKitties.[82] 041b061a72


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