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Blockchain and Cryptocurrency

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Fusing Big Data, Blockchain and Cryptocurrency

Abstract

This chapter focuses on the evolution and interactions between Blockchain and Cryptocurrency from theoretical, technological, and practical aspects. Following a concise look at the Cryptocurrency market and its main players, we introduce the reader to the technicalities underlying Blockchain-ed Cryptocurrency, which enabled its prosperous developments over recent years. In particular, we discuss the intense competitions of Transaction Per Second (TPS) in comparison with traditional means of transactions; the upgrade and developments of Cryptocurrencies that reinforced its distinct products; the diverse functions and medium of exchanges Cryptocurrency brought to the market by those springing up Blockchain-ed DApp platforms; and the advancements of consensus mechanism which fundamentally enabled the booming progression of Blockchain-ed Cryptocurrency.

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Notes

  1. 1.

    ABFT is currently the highest standard of security for evaluating consensus algorithm. It means that the finality of consensus will always be reached even under the circumstance that the bad actors control up to 1/3 of the nodes (Baird 2016; Baird et al. 2018).

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Correspondence to Hossein Hassani .

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Hassani, H., Huang, X., Silva, E.S. (2019). Blockchain and Cryptocurrency. In: Fusing Big Data, Blockchain and Cryptocurrency. Palgrave Pivot, Cham. https://doi.org/10.1007/978-3-030-31391-3_3

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  • DOI: https://doi.org/10.1007/978-3-030-31391-3_3

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  • Publisher Name: Palgrave Pivot, Cham

  • Print ISBN: 978-3-030-31390-6

  • Online ISBN: 978-3-030-31391-3

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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