TY - BOOK AU - Campbell-Verduyn,Malcolm TI - Bitcoin and beyond: cryptocurrencies, blockchains and global governance T2 - RIPE series in global political economy SN - 9780415792141 (hardback : alk. paper) AV - HG1710 .B545 2018 U1 - 332.1/78 23 PY - 2018/// CY - London, New York PB - Routledge, Taylor & Francis Group KW - Bitcoin KW - Electronic funds transfers KW - Financial institutions KW - International finance N1 - 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; Includes bibliographical references and index UR - https://drive.google.com/file/d/1hRHVeuO_2AE7ziS0Oome-tLeOECnnL__/view?usp=sharing ER -