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Discover the Power of Blockchain

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Questions and Answers

Name three benefits of blockchain technology.

Immutability, transparency, traceability.

What is the goal of blockchain technology?

To create a decentralized environment where no third party is managing the data.

How can blockchain technology be described?

As a ledger of any transactions or contracts maintained in decentralized form across different locations and people, eliminating the need for a central authority.

What ensures the security of information in the distributed ledger?

Cryptography and keys. Signup and view all the answers

What happens to the information once it is stored in the blockchain?

It becomes an immutable database. Signup and view all the answers

What are the differing views on Bitcoin?

Optimists claim that Bitcoin will fundamentally alter payments, economics, and even politics around the world. Pessimists claim Bitcoin is inherently broken and will suffer an inevitable and spectacular collapse. Signup and view all the answers

What is the purpose of the book?

To help cut through the hype and get to the core of what makes Bitcoin unique. Signup and view all the answers

Why is it important to understand how Bitcoin works at a technical level?

To truly understand what is special about Bitcoin. Signup and view all the answers

Who is the intended audience for this book?

Those with a basic understanding of computer science, such as undergraduate or graduate students, software developers, entrepreneurs, etc. Signup and view all the answers