Blockchain Basics: A Non-Technical Introduction in 25 Steps

Abstract

This book was written because a conceptual understanding of the technical foundations of the blockchain is necessary in order to understand specific blockchain applications, evaluate business cases of blockchain startups, or fol low the discussion about its expected economic impacts. Without an appre ciation of the underlying concepts, it will be impossible to assess the value or the potential impact of the blockchain in general or understand the added value of specific blockchain applications. This book focuses on the underlying concepts of the blockchain since a lack of understanding of a new technology can lead to being carried away with the hype and being disappointed later on because of unrealistic unsubstantiated expectations.