Presenter: Shannon Wells
- Blockchain
- Trust
- To enable trust between two unrelated parties that want to exchange something of value
- Ledger
- A record of transactions
- Distributed
- Borderless
- Beyond any one currency or nation
- Level of transparency depends on use case of block chain
- Trust
- Transaction
- Node
- Any computing device is granted access to the network
- Perform actions, mine etc….
- Network
- Peer to peer.
- All nodes agree on same rules to validate transactions
- How is a block added
- Node broadcasts block to network
- Other nodes verify, when consensus then block is finalized
- Merkle Tree is structure used for chain
- Smart Contracts are code stored in the blockchain that when run add transactions
- Can’t change once deployed
- Free to read, charge to write
- Walked through ethereum smart contract example