Blockchain and Cryptocurrency

Abstract

This chapter focuses on the evolution and interactions between Blockchain and Cryptocurrency from theoretical, technological, and practical aspects. Following a concise look at the Cryptocurrency market and its main players, we introduce the reader to the technicalities underlying Blockchain-ed Cryptocurrency, which enabled its prosperous developments over recent years. In particular, we discuss the intense competitions of Transaction Per Second (TPS) in comparison with traditional means of transactions; the upgrade and developments of Cryptocurrencies that reinforced its distinct products; the diverse functions and medium of exchanges Cryptocurrency brought to the market by those springing up Blockchain-ed DApp platforms; and the advancements of consensus mechanism which fundamentally enabled the booming progression of Blockchain-ed Cryptocurrency. Keywords Blockchain-ed platform • Cryptocurrency • Transaction Per Second • Token • Consensus mechanism In this chapter, we focus our attention on the evolution and interactions between Blockchain and Cryptocurrency. Whilst at first glance the two appear distinct, they are in fact closely associated concepts. Following a concise look at the Cryptocurrency market and its main players, we introduce the reader to the technicalities underlying Blockchain-ed