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Technical Fundamentals of Blockchain Systems

  • This work provides a short but technical introduction to the main building blocks of a blockchain. It argues that a blockchain is not a revolutionary technology but rather a clever combination of three fields: cryptography, decentralization and game theory. In addition, it summaries the differences between a public, private and federate blockchain model and the two prominent consensus mechanism Proof-of-Work (POW) and Proof-of-Stake (POS).

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Document Type:Report
Author:Oliver Kattwinkel, Michael Rademacher
Number of pages:10
Publishing Institution:Hochschule Bonn-Rhein-Sieg
Date of first publication:2020/07/29
Series (Volume):BRSU Communication Report (Nr. 1)
Keyword:Blockchain; Cryptography; Proof-of-Stake; Proof-of-Work
Departments, institutes and facilities:Fachbereich Informatik
Dewey Decimal Classification (DDC):0 Informatik, Informationswissenschaft, allgemeine Werke / 00 Informatik, Wissen, Systeme / 004 Datenverarbeitung; Informatik
Entry in this database:2020/07/29
Licence (German):License LogoCreative Commons - CC BY - Namensnennung 4.0 International