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You're reading from  Blockchain for Business 2019

Product typeBook
Published inJan 2019
Reading LevelIntermediate
Publisher
ISBN-139781789956023
Edition1st Edition
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Peter Lipovyanov
Peter Lipovyanov
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Peter Lipovyanov

Peter Lipovyanov is an experienced investment banker and venture investor currently focusing on blockchain projects and crypto-assets. A firm believer in the potential of blockchain technology to change the world for the better by facilitating financial inclusion across the globe and improving the efficiency of financial markets and other sectors of the economy, he has been involved in several promising blockchain projects building decentralized applications. His passion for education also led him to create a bestseller online course about the fundamental principles of blockchain technology and its business applications, which is the basis for this book.
Read more about Peter Lipovyanov

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Bitcoin's scripting language

Now, let's have a look at the programmability aspect of Bitcoin. Some blockchain cryptocurrencies are referred to as programmable money.

Bitcoin is indeed a programmable digital currency. It uses a programming language called Script in structuring and processing transactions. As the name suggests, this is a script type of language, which supports small programs called scripts. They automate the execution of a list of tasks, or commands, that otherwise could be executed one-by-one manually by a human operator.

Script is a high-level programming language with limited functionality, which is also domain-specific, meaning it's specialized to its application domain. Bitcoin's transaction script was specifically designed to be limited in scope, in order to require minimal processing and to be executable even on very simple devices. Its...

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Blockchain for Business 2019
Published in: Jan 2019Publisher: ISBN-13: 9781789956023

Author (1)

author image
Peter Lipovyanov

Peter Lipovyanov is an experienced investment banker and venture investor currently focusing on blockchain projects and crypto-assets. A firm believer in the potential of blockchain technology to change the world for the better by facilitating financial inclusion across the globe and improving the efficiency of financial markets and other sectors of the economy, he has been involved in several promising blockchain projects building decentralized applications. His passion for education also led him to create a bestseller online course about the fundamental principles of blockchain technology and its business applications, which is the basis for this book.
Read more about Peter Lipovyanov