Bitcoin—Key Concepts

Bitcoin—Key Concepts

What You Need to Know About the First Blockchain Application

RELEASE DATE
09-Dec-2015
REGION
Global
Research Code: 9AC0-00-22-00-00
SKU: IT02965-GL-MR_16826
$1,500.00
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SKU
IT02965-GL-MR_16826
$1,500.00
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Description

Bitcoin is the first successful digital currency. Its success lies in its ability to create consensus for a transaction database, a blockchain, between a large number of independent sources, or nodes. Bitcoin has a number of unique and powerful properties. Envisioned by Satoshi Nakamoto, Bitcoin’s consensus allows transaction between mutually unknown actors without the need for a central authority such as a bank, remittance, or market platform provider, such as Airbnb or Uber. Bitcoin is the first "killer application" for blockchain technology in the same way email was the first "killer application" for the Internet. This Market Insight provides an overview of Bitcoin, its potential use cases, and its current challenges.

Table of Contents

Key Findings

Research Methodology—Bitcoin

Bitcoin—An Overview

Bitcoin Application Stack

Bitcoin—The Background

A Bitcoin Transaction

Bitcoin Mining

Adding a Block to the Blockchain

Mining is the Economic Structure that Supports Bitcoin

Bitcoin Cryptography

Weaknesses of Bitcoin

Challenges for Future Bitcoin Development

Bitcoin—Use Cases

Bitcoin Application Stack Examples

The Final Word

Legal Disclaimer

Definitions

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
Bitcoin is the first successful digital currency. Its success lies in its ability to create consensus for a transaction database, a blockchain, between a large number of independent sources, or nodes. Bitcoin has a number of unique and powerful properties. Envisioned by Satoshi Nakamoto, Bitcoin’s consensus allows transaction between mutually unknown actors without the need for a central authority such as a bank, remittance, or market platform provider, such as Airbnb or Uber. Bitcoin is the first "killer application" for blockchain technology in the same way email was the first "killer application" for the Internet. This Market Insight provides an overview of Bitcoin, its potential use cases, and its current challenges.
More Information
No Index No
Podcast No
Author Vijay Michalik
Industries Information Technology
WIP Number 9AC0-00-22-00-00
Is Prebook No