Proof of Authenticity Facts About Blockchain: A Look Inside the Decentralised Economy - Is It Advancing Or at the Brink of Destruction?

Are you looking to learn about the basics of blockchain? Do you want to differentiate the signal from the noise? Then this is the perfect book for you. Many financial experts are going against the use of bitcoin and the concept of decentralisation. But why? Are we too dependent on the age-old system prevailing for hundreds of years? This book allows you to look at things from a different perspective. Based on ten different chapters, it covers the following: what blockchain is and how it works, history of money and how cryptocurrencies are different from the money we use daily; a brief analysis of Ethereum and its ongoing development; token economics, token-based ecosystems, smart contracts, future of blockchain and what's being done to solve the scalability problems. Distributed technologies work without the necessity of a middleman. Until blockchain technology came into the limelight, users were forced to exchanged value and trade employing a third-party intermediary. What started off as a means to solve the barriers around global transaction of currencies, is now being evolved into a technological paradigm shift that could potentially impact and improve many forms of industries.A lot of people around the world confuses the market dynamics and conditions of cryptocurrencies with the underlying technology. Every time the market goes bullish, it is branded as a bubble. When it corrects by over 80%, it is branded as a scam. But how many of us looked at the US stock market charts and compared it with the performance of the cryptocurrencies? Many of us believe that bitcoin, altcoins and other cryptocurrencies are a form of investment, controlled by the cryptocurrency market. But how many of us realise that it was aimed towards billions of unbanked people around the world? There are lots of questions around the technology itself. Bitcoin has paved the way for a new technological evolution, but is the technology maturing or is it at the brink of destruction? What are the real-life use cases? How is Ethereum being used to create real-life tradable commodities? Are there any successful startups creating disruptive products? What are the governments doing to adopt blockchain technology to facilitate global trade? A lot of the progress is overshadowed by the unconstructive promotion of the impact of cryptocurrencies. This book is an attempt to look into the world of decentralisation and why they are beneficial for society. It is divided into different blocks, which focuses on various topics - starting from the explanation of how blockchain technology works, Ethereum as a case study of blockchain technology, a closer look into the tokenised ecosystem, to which companies have already built products that can disrupt our day-to-day lives. As scalability is an essential factor for the existence of blockchain, this book sheds light on the current advancement in solving immediate scalability problems and how it could revolutionise the financial and economic sector. This is not an attempt to explain speculative use cases. In essence, it is an attempt to highlight the existing companies that have successfully built a product, the startups working around the world to solve the scalability issues around blockchain technology. As a reader, you are not required to have any technical knowledge to understand the contents of this book. Although a basic understanding of business development and basic economics are appreciated, to separate the signal from the noise, this book is a must-read for the technology enthusiasts.