Details

Subject(s)

• Bitcoin [Browse]
• Electronic funds transfers [Browse]
• Financial institutions [Browse]
• International finance [Browse]

Editor

• Campbell-Verduyn, Malcolm [Browse]

Series

RIPE series in global political economy [More in this series]

Summary note

At their essence, blockchains are digital sequences of numbers coded into computer software that permit the secure exchange, recording, and broadcasting of transactions between individual users operating anywhere in the world with Internet access. Like most technological changes, the development of blockchains drew on and combined several existing technologies. Blockchains incorporate digital encryption technologies that mask, to varying degrees, the specific content exchanged as well as the identities of individual users. Algorithms, pre-coded series of step-by-step instructions, are also mobilised in solving complex mathematical equations and arriving at a consensus on the validity of transactions within networks of users. Time-stamping technologies then periodically bundle verified transactions into datasets, or 'blocks'. Linked together sequentially, these 'blocks' form 'chains' that make up larger 'blockchain' databases of transactions that broadcast a permanent record of transactions whilst maintaining the anonymity of users and specific content exchanged. Blockchains are intended to be maintained by all users in manners meant to be immutable, unless users arrive at a clear consensus to undertake changes.

Bibliographic references

Includes bibliographical references and index.

Copyright note

• This work is licensed by Knowledge Unlatched under a Creative Commons license https://creativecommons.org/licenses/by-nc-nd/4.0/legalcode
• This work is licensed by Knowledge Unlatched under a Creative Commons license https://creativecommons.org/licenses/by-nc-nd/4.0/legalcode.
• This work is licensed under a Creative Commons license https://creativecommons.org/licenses/by-nc-nd/4.0/legalcode

Source of description

Print version record.

ISBN

• 0415792142 ((electronic bk.))
• 1315211904 ((ebook))
• 1351814060
• 1351814079
• 1351814087 ((ebook))
• 9780415792141 ((electronic bk.))
• 9781315211909 ((ebook))
• 9781351814065
• 9781351814072
• 9781351814089 ((ebook))

LCCN

2017033217

OCLC

1013737158

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