In this first chapter of the second part of the book, I have covered three fundamental concepts of a blockchain—assets, transactions, and hashes. I explained that one of the main purposes of the blockchain is transferring valuable assets using a shared ledger and compared it with the current solution of keeping separate digital records in an Excel of central database.
In the section about transactions, I covered how these assets are transferred from one to another entity using a managed peer-to-peer network. I explained that assets are recorded in a transaction on the blockchain in a digital shared ledger that holds the full history of the assets transferred, and which is distributed to each entity that is part of the blockchain, ...
