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2 - The Technology of the Blockchain

from Part I - The Blockchain

Published online by Cambridge University Press:  16 January 2020

William Magnuson
William Magnuson
Affiliation:
Texas A&M Law School
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Summary

In this chapter, the author discusses how blockchain works, with a particular focus on bitcoin.Beginning with an account of an infamous flaw in bitcoin, the chapter goes on to describe the cryptography that allows the blockchain to serve as a decentralized repository of immutable information.

Keywords

bitcoinblockchainhashesproof of workcryptography
Type
Chapter
Information
Blockchain Democracy
Technology, Law and the Rule of the Crowd
 , pp. 41 - 60
Publisher: Cambridge University Press
Print publication year: 2020

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