diff --git a/ch12.asciidoc b/ch12.asciidoc index 23e2530d..e9a348ef 100644 --- a/ch12.asciidoc +++ b/ch12.asciidoc @@ -14,22 +14,6 @@ application. We will look at several important applications that use these primitives, such as client-side validation, payment channels, and routed payment channels (Lightning Network). -=== Introduction - -((("blockchain applications", "benefits of Bitcoin system")))The Bitcoin -system was designed as a decentralized currency and payment system. -However, most of its functionality is derived from much lower-level -constructs that can be used for much broader applications. Bitcoin -wasn't built with components such as accounts, users, balances, and -payments. Instead, it uses a transactional scripting language with -low-level cryptographic functions, as we saw in <>. Just -as the higher-level concepts of accounts, balances, and payments can be -derived from these basic primitives, so can many other complex -applications. Thus, the Bitcoin blockchain can become an application -platform offering trust services to applications, such as smart -contracts, surpassing the original purpose of digital currency and -payments. - === Building Blocks (Primitives) ((("blockchain applications", "building blocks for @@ -1266,3 +1250,5 @@ financial instruments, to encompass many other applications where trust is critical. By decentralizing the basis of trust, the Bitcoin blockchain is a platform that will spawn many revolutionary applications in a wide variety of industries. + +//FIXME:conclusino