Blockchain & Smart Contracts
The Blockchain was developed as part of the cryptocurrency Bitcoin by a person or a group of persons using the synonym Satoshi Nakamoto. The Blockchain is a distributed ledger that consists of a chain of blocks. The attached report explains different types of Blockchains as well as different consensus algorithms. The report focuses on the Ethereum platform, as it seems to be a promising platform for the execution of so called smart contracts. Smart contracts are autonomous applications which are executed in the Blockchain network. This provides applications with no downtime and high censorship resistance. Based on the Blockchain technology and on smart contracts a messenger was developed.
For details, please refer to the attached report.