Blockchain 101
What's blockchain?
It's just new way of database
Traditional System
vs
Blockchain
Trust
Agreement
Let's see
who are the participants
in blockchain.
Miners
Miners
Players(Users)
Let's create gambling blockchain.
Dealer win
15:00
Player win
15:03
Player win
15:08
Player win
15:12
Dealer win
15:20
Player win
15:22
Dealer win
15:30
Features
Proof of work
Public ledger
available to anyone
Immutable
No one can delete history
Security assuarance
hard to attack
Satoshi Nakamoto's white paper
Changing economy
Goverment
Bank
Trust
Changing economy
Operator
Because
this is democratic
Blockchain issues
51% issue
Proof of work
Scalability