AN INTRODUCTORY GUIDE ON ETHEREUM AND SOLIDITY: A Simple Beginners Book Guide on Foundation of Cryptocurrencies, the Concept and Programming of Blockchain Technology and more

• Category: Business
• ISBN: N/A
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• Posted on: 07/09/2021 13:59

Cryptocurrencies based on Blockchain technology have taken off as one of the hottest technology trends of this decade. Blockchain tech concepts are still confusing for many, but it aims at making our lives easier. Instead of having the financial system (money) and technology platforms (Amazon, Facebook, etc) centralized with one entity/group, it will be decentralized and shared across peers of the system. The blockchain is a revolutionary concept that has the potential to impact nearly every field just like the internet has driven every field in the past 2 decades.

Traditionally, there have been middlemen who have been controlling the data. For instance, Facebook is the middleman between users and advertisers. Banks are middlemen between borrowers and lenders. The issue here is that the data is controlled by a central authority - Facebook and banks. They, therefore, control the prices and also technically own the data. In this scenario, all the power lies with a middleman and users have to trust them to remain ethical and continue to think about user interest. Blockchain was invented to make the data decentralized and trust minimized with any centralized party. In order to understand it better, we will talk about torrents in this book guide.

In torrents, no file is owned by a single person. It is a kind of “peer-to-peer” architecture where multiple copies of the file are present at multiple workstations/users. We will talk more on how the blockchain technology works effectively and also the concept of solidity and also the concept liquidity in the crypto market.