Mastering Bitcoin: Programming the Open Blockchain PDF download

Mastering Bitcoin: Programming the Open Blockchain PDF free download – The leafcutter ant is a species that exhibits highly complex behavior in a colony super-organism, but each individual ant operates on a set of simple rules driven by social interaction and the exchange of chemical scents (pheromones). Per Wikipedia: “Next to humans, leafcutter ants form the largest and most complex animal societies on Earth.” Leafcutter ants don’t actually eat leaves, but rather use them to farm a fun‐ gus, which is the central food source for the colony. Get that? These ants are farming! Although ants form a caste-based society and have a queen for producing offspring, there is no central authority or leader in an ant colony.

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The highly intelligent and sophisticated behavior exhibited by a multimillion-member colony is an emergent property from the interaction of the individuals in a social network. Nature demonstrates that decentralized systems can be resilient and can produce emergent complexity and incredible sophistication without the need for a central authority, hierarchy, or complex parts. Bitcoin is a highly sophisticated decentralized trust network that can support myriad financial processes. Yet, each node in the bitcoin network follows a few simple mathe‐ matical rules. The interaction between many nodes is what leads to the emergence of the sophisticated behavior, not any inherent complexity or trust in any single node. Like an ant colony, the bitcoin network is a resilient network of simple nodes follow‐ ing simple rules that together can do amazing things without any central coordina‐ tion.