Book Image

Advanced Blockchain Development

By : Imran Bashir, Narayan Prusty
Book Image

Advanced Blockchain Development

By: Imran Bashir, Narayan Prusty

Overview of this book

Blockchain technology is a distributed ledger with applications in industries such as finance, government, and media. This Learning Path is your guide to building blockchain networks using Ethereum, JavaScript, and Solidity. You will get started by understanding the technical foundations of blockchain technology, including distributed systems, cryptography and how this digital ledger keeps data secure. Further into the chapters, you’ll gain insights into developing applications using Ethereum and Hyperledger. As you build on your knowledge of Ether security, mining, smart contracts, and Solidity, you’ll learn how to create robust and secure applications that run exactly as programmed without being affected by fraud, censorship, or third-party interference. Toward the concluding chapters, you’ll explore how blockchain solutions can be implemented in applications such as IoT apps, in addition to its use in currencies. This Learning Path also highlights how you can increase blockchain scalability, and discusses the future scope of this fascinating and powerful technology. By the end of this Learning Path, you'll be equipped with the skills you need to tackle pain points encountered in the blockchain life cycle and confidently design and deploy decentralized applications.
Table of Contents (25 chapters)
Title Page
Copyright and Credits
About Packt
Contributors
Preface
15
Blockchain - Outside of Currencies
16
Scalability and Other Challenges
Index

Summary


In this chapter, we introduced you to the overall cryptocurrency landscape. We discussed a number of altcoins in detail, especially Zcash and Namecoin. Cryptocurrencies are a very active area for research, especially around scalability, privacy, and security aspects. Some research has also been conducted to invent new difficulty retargeting algorithms to thwart the threat of centralization in cryptocurrencies.

Further research needs to be carried out in the areas of privacy and especially scalability of blockchain.

Now you should be able to appreciate the concept of altcoins and various motivations behind them. We also discussed few practical aspects, such as mining and starting a new currency project, which hopefully will give you a strong foundation, enabling you to explore these areas further. Altcoins are a fascinating field of research and they open many possibilities for a decentralized future.