This document provides an overview of blockchain basics. It discusses how blockchain uses a distributed ledger that is cryptographically secure, append-only, and immutable. It then summarizes applications of blockchain like Bitcoin for currency, Ethereum for currency and smart contracts, and examples of toll payments and supply chain tracking. The document outlines presentations on blockchain basics, Ethereum, and includes code examples. It discusses concepts like blocks, blockchains, distribution, immutability and consensus. Finally, it analyzes specific blockchain implementations like Bitcoin and Ethereum.
This document provides an overview of blockchain basics. It discusses how blockchain uses a distributed ledger that is cryptographically secure, append-only, and immutable. It then summarizes applications of blockchain like Bitcoin for currency, Ethereum for currency and smart contracts, and examples of toll payments and supply chain tracking. The document outlines presentations on blockchain basics, Ethereum, and includes code examples. It discusses concepts like blocks, blockchains, distribution, immutability and consensus. Finally, it analyzes specific blockchain implementations like Bitcoin and Ethereum.
This document provides an overview of blockchain basics. It discusses how blockchain uses a distributed ledger that is cryptographically secure, append-only, and immutable. It then summarizes applications of blockchain like Bitcoin for currency, Ethereum for currency and smart contracts, and examples of toll payments and supply chain tracking. The document outlines presentations on blockchain basics, Ethereum, and includes code examples. It discusses concepts like blocks, blockchains, distribution, immutability and consensus. Finally, it analyzes specific blockchain implementations like Bitcoin and Ethereum.
This document provides an overview of blockchain basics. It discusses how blockchain uses a distributed ledger that is cryptographically secure, append-only, and immutable. It then summarizes applications of blockchain like Bitcoin for currency, Ethereum for currency and smart contracts, and examples of toll payments and supply chain tracking. The document outlines presentations on blockchain basics, Ethereum, and includes code examples. It discusses concepts like blocks, blockchains, distribution, immutability and consensus. Finally, it analyzes specific blockchain implementations like Bitcoin and Ethereum.
Blockchain: Peer-to-peer distributed ledger that is
cryptographically secure,append-only, immutable, and updated by consensus among peer nodes Blockchain Basics ● Various blockchain based technologies and problem that they solve – Bitcoin (decentralized currency) – Ethereum (highly decentralized currency, Turing complete scripting language) ●“Smart Contracts” ● Applications – Toll tag logging and payment – Smart City sensor data sharing in Singapore – Sexual consent logging – Walmart – supply chain tracking Blockchain Basics
● Loose Plan – 1st Presentation - Blockchain Basics ● Mile wide/inch deep ● At least not wholly conflate Bitcoin and Blockchain
– 2nd Presentation - Ethereum overview
● Overview of Ethereum, “Smart Contracts,” – 3rd Presentation - Code along ● Bring laptop and follow along Blockchain Basics ● What is it? – Database (storage) – Distributed (across many nodes) – Immutable (extremely hard to change) ● What is a blockchain? – A series of linked blocks – Sequentially updated but not erased – Cryptographic hashes assure integrity of data ● What is a block? – A block with a (hash) pointer to a prior block ● Blockchain-ish permutations – Tangle (IOTA), Hashgraph, others Blockchain Basics ● Various blockchain based technologies alter different aspects of: – Data – Distribution – Immutability ● Platform vs application (or hybrid) ● “Whitepapers” often address key questions: – Data – Distribution/Actors – Level of immutability – Interfaces/programming language Blockchain Basics - Scenarios ● Bitcoin – Decentralized cryptocurrency ● Recording and settling toll tag transactions – Decreased toll infrastructure ● Smart City sensor array data access/exchange – Citizens access, entrepreneurs build upon ● Sexual consent logging/LegalFling – Sexual partners log consent to blockchain Blockchain Basics - Data ● What is the data? ● It’s “just data” that would be stored in any database – Cryptocurrency transactions (signed transaction) – Toll tag number, toll gate, timestamp – Smart city data – sensor ID, sensor type, value, timestamp – Sexual consent – signature, audio/video, ??? Blockchain Basics ● Chain of “blocks” ● Block – Block number/index – Data – Hash/hash as pointer ● Immutability ● Demo (Data -> Hashes, -> Block -> Blockchain) Blockchain Basics – Distribution & Immutability & Longest Chain ● Distributed/decentralized – Who are the actors? What is decentralized? – Extent of distribution/decentralization ●Public vs permissioned – Anyone who has computation and/or storage resources? ● “Mining” determines what is the next block in the blockchain – Incentive/reward for miners ● By computing power (proof of work) ● By rewards are proportional to the size of a user's
holdings (proof of stake)
– Lag in adding the block Blockchain Basics – Distribution & Immutability & Longest Chain ● Immutability – Extent of immutability – Do we want 100% immutability? ● Ethereum vs Ethereum classic – “Forks” Who will the ecosystem actors follow? ●
● Demo (Multiple chains, consensus)
Blockchain Basics – Factors in Selection/Creation of a Blockchain ● Use Case? Simplicity/complexity? ● Who are the actors and what are their roles? ● What is the data? How much? How frequent? ● What interfaces are available? ● Do you need an existing ecosystem? ● What programming languages are available? ● What is the consensus mechanism for conflicts? Blockchain Basics - Implementations ● Bitcoin – Use: Decentralized cryptocurrency – White papers – “Bitcoin: A Peer-to-Peer Electronic Cash System” – Platform vs application (Hybrid) – Data ( signed bitcoin transactions ) – Actors ( bitcoin holders, miners ) – Distribution ( anyone can mine(*), anyone can own bitcoin ) – Immutability (highest) – Interface (miners, “wallets”, “script”) Blockchain Basics - Implementations ● Ethereum – Use: “Smart Contracts” – White papers – “A Next-Generation Smart Contract and Decentralized Application Platform” – Platform vs application (Platform) – Data ( signed ethereum transactions, smart contracts, ... ) – Actors ( ethereum holders, parties to contracts, ) – Distribution ( anyone can mine(*), anyone can own bitcoin ) – Immutability (high) – Interface (miners, “wallets”, “Smart Contract”, Solidity) Blockchain Basics – Pseudocode Walkthrough (a Block) Blockchain Basics – Pseudocode Walkthrough (the Blockchain) Blockchain Basics – Pseudocode Walkthrough (Usage) Blockchain Basics
What can you bring to the table where IoT and
blockchain truly add to world?
Questions?
John Lindsay Patent Attorney Coaster, Smooth Driver Application
