Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/181975
Editors: 
Campbell-Verduyn, Malcolm
Year of Publication: 
2018
Series/Report no.: 
RIPE Series in Global Political Economy
Abstract: 
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.
Persistent Identifier of the first edition: 
ISBN: 
978-1-315-21190-9
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/4.0/
Document Type: 
Book
Document Version: 
Published Version

Files in This Item:
File
Size
3.01 MB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.