Beyond Bitcoin: Why Blockchain will change our Life, Economy and the World / Jason Scott

Is Blockchain "the killer of democracy" ? Blockchain could replace almost everything current technologies of our life. So, what will happen to our habits? Can we trust the new economic system emerging all over the world?

As more people adopt the crypto payments, markets of all types are being disrupted. As a normal end consumer, we not notice much difference but digital products or cryptocurrencies and similar value-exchange mechanisms, are gearing towards dramatically changing us in our day-to-day life. Cryptocurrencies made headlines in recent months due to the rise in popularity about Libra (the Facebook's digital currency ) and about Telegram’s crypto token. The financial industry is not the only industry that this phenomenon will affect. Understand these new technologies with this clear and understandable book

Decentralized System: Onе of thе mоѕt exciting aspects of blockchain tесhnоlоgу iѕ thаt it iѕ еntirеlу dесеntrаlizеd, rather thаn ѕtоrеd in оnе сеntrаl point. Thiѕ rеmоvеѕ thе nееd fоr роwеrful сеntrаl аuthоritiеѕ аnd inѕtеаd hаndѕ соntrоl bасk tо thе individual uѕеr.

Blockchain technology: iѕ thе foundation оf mоdеrn сrурtосurrеnсiеѕ, ѕо nаmеd because оf the heavy uѕаgе оf сrурtоgrарhiс funсtiоnѕ. It can enhance the basic services that are essential in trade finance. At its core, blockchain relies on a decentralised, digitalised and distributed ledger model. By its nature, this is more robust and secure than the proprietary, centralised models which are currently used in the trade ecosystem.

The Fundamentals of Cryptocurrency: A cryptocurrency doesn’t depend on a central body to create the units. It also doesn’t require you to put your trust in the system or a third party organization to complete your transactions. Mining is done by real people who use special software to ensure that all the transactions in a blockchain are indeed verified. 

Smart Contracts: the new legal documents: A smart-contract is a digital program that automates the execution of business logic, obligations, and agreements and can be used to represent almost anything- an electronic warehouse receipt, a bond, an invoice, a unit of electricity, a unit of currency, a futures contract, a share of risk, and much more.

Readers will read about:

• Blockchain technology and how it works


• Bitcoin and other cryptocurrencies


• Legislative Changes


• Government and Bank Adoption


• The impacts of Bitcoin and blockchains in the future

So, how Bitcoin and Cryptocurrencies are challenging the global economic order?