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Blockchain for Decision Makers

You're reading from   Blockchain for Decision Makers A systematic guide to using blockchain for improving your business

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Product type Paperback
Published in Sep 2019
Publisher
ISBN-13 9781838552275
Length 184 pages
Edition 1st Edition
Concepts
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Author (1):
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Romain Tormen Romain Tormen
Author Profile Icon Romain Tormen
Romain Tormen
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Table of Contents (15) Chapters Close

Preface 1. Section 1: A First Step into Blockchain and an Exciting World FREE CHAPTER
2. Basics of Blockchains and the Illustration of Village Beta 3. A Technical Dive into Blockchain 4. Ethereum and Smart Contracts 5. ICOs and Tokenized Fundraising Methods 6. Section 2: Blockchain in Practice, Insights, and Achievements
7. An Economic and Historical Approach of Blockchain 8. Blockchain Legality, Compliance, and Regulation 9. Blockchain for the Business World and Achievements 10. Future Outlook for Blockchain 11. Section 3: Blockchain for Business Leaders
12. Infrastructures and Cloud-Based Solutions 13. Defining Your Needs 14. Other Books You May Enjoy

Cryptography

We talked about cryptography and hash functions in the first chapter where we defined what it was:

It is a mathematical function where, knowing the output, it is almost impossible to find the correct input. But knowing the input of the function, it is very easy to find the correct output. This is made possible because a hash function always returns the same output for the same input.

A hash is a result of a mathematical function that is a transformation applied to an input that generates an output. Y = f(x) is a mathematical function where x is the input and Y is the output.

In mathematical terms, we have the following:

"Knowing Y, it is almost impossible to find x. But knowing x, it is very easy to find Y."

The hash function is essential to make information and transactions secured along the blockchain.

There are basic properties around a hash function...

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