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Tiana Laurence [Tiana Laurence] - Blockchain For Dummies

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Tiana Laurence [Tiana Laurence] Blockchain For Dummies

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Find out what Blockchain is, how it works, and what it can do for you

Blockchain is the technology behind Bitcoin, the revolutionary virtual currency thats changing the way people do business. While Bitcoin has enjoyed some well-deserved hype, Blockchain may be Bitcoins most vital legacy. Blockchain For Dummies is the ideal starting place for business pros looking to gain a better understanding of what Blockchain is, how it can improve the integrity of their data, and how it can work to fundamentally change their business and enhance their data security.

Blockchain For Dummies covers the essential things you need to know about this exciting technologys promise of revolutionizing financial transactions, data security, and information integrity. The book covers the technologies behind Blockchain, introduces a variety of existing Blockchain solutions, and even walks you through creating a small but working Blockchain-based application.

Blockchain holds the promise to revolutionize a wide variety of businesses. Get in the know about Blockchain now with Blockchain For Dummies and be ready to make the changes to business that your colleagues and competitors will later wish theyd done. Discover ten ways Blockchain can change business

  • Find out how to apply a Blockchain solution
  • See how to make data more secure
  • Learn how to work with vendors

Filled with vital information and tips on how this paradigm-changing technology can transform your business for the better, this book will not only show you Blockchains full potential, but your own as well!

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Blockchain For Dummies Published by John Wiley Sons Inc 111 River - photo 1

Blockchain For Dummies

Published by: John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, www.wiley.com

Copyright 2017 by John Wiley & Sons, Inc., Hoboken, New Jersey

Published simultaneously in Canada

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions .

Trademarks: Wiley, For Dummies, the Dummies Man logo, Dummies.com, Making Everything Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and may not be used without written permission. All other trademarks are the property of their respective owners. John Wiley & Sons, Inc. is not associated with any product or vendor mentioned in this book.

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Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com . For more information about Wiley products, visit www.wiley.com .

Library of Congress Control Number: 2017936813

ISBN 978-1-119-36559-4 (pbk); ISBN 978-1-119-36561-7 (ebk); ISBN 978-1-119-36560-0 (ebk)

Introduction

Welcome to Blockchain For Dummies! If you want to find out what blockchains are and the basics of how to use them, this is the book for you. Many people think blockchains are difficult to understand. They might also think that blockchains are just about cryptocurrencies like Bitcoin, but theyre are so much more. Anyone can master the basics of blockchains.

In this book, you find helpful advice for navigating the blockchain world and cryptocurrencies that run them. You also find practical step-by-step tutorials that will build your understanding of how blockchains work and where they add value. You dont need a background in programming, economics, or world affairs to understand this book, but I do touch on all these subjects because blockchain technology intersects all of them.

About This Book

This book explains the basics of blockchains, smart contracts, and cryptocurrencies. You probably picked up this book because youve heard about blockchains, know theyre important, but have no idea what they are, how they work, or why you should care. This book answers all these questions in easy-to-understand terms.

This book is a bit different than just about any other blockchain book on the market. It provides a survey of all the key blockchains in the public market, how they work, what they do, and something useful you can try with them today.

This book also covers the landscape of blockchain technology and points out some of the key things to be aware of for your own blockchain projects. Here, you find out how to install an Ethereum wallet, create and execute a smart contract, make entries into Bitcoin and Factom, and earn cryptocurrencies.

You dont have to read the book cover to cover. Just flip to the subject that youre interested in.

Finally, within this book, you may note that some web addresses break across two lines of text. If youre reading this book in print and want to visit one of these web pages, simply key in the web address exactly as its noted in the text, pretending as though the line break doesnt exist. If youre reading this as an e-book, youve got it easy just click the web address to be taken directly to the web page.

Foolish Assumptions

I dont make many assumptions about you and your experience with cryptocurrency, programing, and legal matters but I do assume the following:

  • You have a computer and access to the Internet.
  • You know the basics of how to use your computer and the Internet.
  • You know how to navigate through menus within programs.
  • Youre new to blockchain and you arent a skilled programmer. Of course, if you are a skilled programmer, you can still get a lot out of this book you just may be able to breeze past some of the step-by-step guidelines.
Icons Used in This Book

Throughout this book, I use icons in the margin to draw your attention to certain kinds of information. Heres what the icons mean:

Blockchain For Dummies - image 2 The Tip icon marks tips and shortcuts that you can use to make blockchains easier to use.

Blockchain For Dummies - image 3 The Remember icon marks the information thats especially important to know the stuff youll want to commit to memory. To siphon off the most important information in each chapter, just skim through these icons.

Blockchain For Dummies - image 4 The Technical Stuff icon marks information of a highly technical nature that you can skip over without missing the main point of the subject at hand.

Blockchain For Dummies - image 5 The Warning icon tells you to watch out! It marks important information that may save you headaches or tokens.

Beyond the Book

In addition to the material in the print or e-book youre reading right now, this product also comes with some access-anywhere goodies on the web. Check out the free Cheat Sheet for more on blockchains. To get this Cheat Sheet, simply go to www.dummies.com and type

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