ABC 002: How Does a Blockchain Work

Devchat.tv Episode Roundup

English - August 06, 2019 10:02 - 1 hour - 61.2 MB
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Previous Episode: ABC 001: Getting Started With Blockchain Development

Next Episode: ABC 003: Which Blockchain is Best

Panel

Gregory McCubbin

Roman Storm

Bruno Duarte Brito

Summary

The panel starts by discussing the advantages blockchain gives in the payment world and how it works. Double spend is defined and how blockchain solves this problem is explained. Using a financial model the panel discusses how blockchain works. Privacy and security are considered as the panel discusses how blockchain makes it safer to make financial information public. The 51% attack problem is defined and the panel explains how blockchain combats these types of attacks. They address how blockchain works from a more technical perspective and why it is so hard to change the history in blockchain. Proof of work and proof of stake algorithms are explained and compared; blockchains that use each of these are mentions. The panel compares private and public blockchains.

Links

https://hackernoon.com/a-hitchhikers-guide-to-consensus-algorithms-d81aae3eb0e3

https://www.ethereum.org/

https://bitcoin.org/en/

https://cognitiveclass.ai/learn/blockchain-for-developers/

https://www.facebook.com/Adventures-in-Blockchain-1180850735452512/