Chapter 1

1. In the first chapter, we discussed many different properties of blockchain. Of those properties, immutability and replacing trust are the most unique. If your application needs these properties, then blockchain should be used; otherwise, it is not recommended that you use blockchain as part of your application.
2. Blockchain is also called distributed database and distributed ledger technology. As it is a distributed database, it offers many benefits, which we discussed in the chapter on the properties of blockchain; however, centralized databases and other kinds of database have their own benefits. For example, centralized databases are fast in transaction processing, they can handle large amounts of data, and keeping each storage cell persistent does not require any kind of fee. Hence, blockchain technology is not going to replace traditional databases.
3. Blockchain technology...