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

Fabric


To understand various projects that are under development in the Hyperledger project, it is essential to understand the foundations of Hyperledger first. A few terminologies that are specific to Hyperledger need some clarification before readers are introduced to the more in-depth material.

First, there is the concept of fabric. Fabric can be defined as a collection of components providing a foundation layer that can be used to deliver a blockchain network. There are various types and capabilities of a fabric network, but all fabrics share common attributes such as immutability and are consensus-driven. Some fabrics can provide a modular approach towards building blockchain networks. In this case, the blockchain network can have multiple pluggable modules to perform a various function on the network.

For example, consensus algorithms can be a pluggable module in a blockchain network where, depending on the requirements of the network, an appropriate consensus algorithm can be chosen...