Bitcoin created a lot of buzz on the Internet. It was ridiculed, it was attacked, and eventually it was accepted and became a part of our lives. However, Bitcoin is not alone. At this moment, there are over 700 AltCoin implementations, which use similar principles of CryptoCurrency.
Microsoft recently became the latest big name to officially associate with Bitcoin, the decentralized virtual currency. However, the Redmond company did not go all out, and will only support bitcoin payments on certain content platforms, making up a tiny fraction of its business.
This article is the first in a series of blog posts that investigate and describe a unified blockchain protocol. Such a protocol should be reusable for all different kinds of blockchains. The underlying assumption is that such a shared protocol exists and that a “standardization” simplifies the creation of new, domain-specific, blockchains, without the need … Continue reading Blockchain Protocol Series — Introduction