Summary of Blockchain Module

Introduction

The Blockchain Module provides an in-depth look at blockchain technology, focusing on concepts like transparency, decentralization, and security. It explains the structure of a blockchain, the role of cryptocurrencies, and the key components such as blocks, transactions, and mining.

eCash and Digital Money

The module delves into the concept of eCash, a digital currency utilizing blockchain technology, and its features like decentralization, transparency, and irreversible transactions. It also discusses the advantages and risks associated with digital money, highlighting aspects such as flexibility, security, and the potential for cyber attacks.

Double Spending and Prevention

A significant portion of the content covers the issue of double spending in digital currencies, including various types of double spending attacks like Finney Attack and 51% Attack. It explains how Bitcoin handles double spending through validation, timestamping, and block confirmations. Additionally, it explores the disadvantages of blockchain concerning double spending and strategies for preventing it through both centralized and decentralized approaches.

Blockchain Module - Flipbook by Fleepit