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Bitcoin and beyond : cryptocurrencies, blockchains and global governance / [edited by] Malcolm Campbell-Verduyn.

Contributor(s): Material type: TextTextSeries: RIPE series in global political economyPublisher: London ; New York : Routledge, Taylor & Francis Group, 2018Copyright date: ©2018Description: xii, 207 pages : illustrations ; 25 cmContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9780415792141 (hardback : alk. paper)
Subject(s): DDC classification:
  • 332.1/78 23
LOC classification:
  • HG1710 .B545 2018
Online resources:
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Holdings
Item type Current library Call number Status Date due Barcode
E-Resources Main Library E-Resources 332.1/78 B624 (Browse shelf(Opens below)) Available E000990

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.

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