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

Introduction


Cryptography is the science of making information secure in the presence of adversaries. It does so under the assumption that limitless resources are available to adversaries. Ciphers are algorithms used to encrypt or decrypt data, so that if intercepted by an adversary, the data is meaningless to them without decryption, which requires a secret key.

Cryptography is primarily used to provide a confidentiality service. On its own, it cannot be considered a complete solution, rather it serves as a crucial building block within a more extensive security system to address a security problem. For example, securing a blockchain ecosystem requires many different cryptographic primitives, such as hash functions, symmetric key cryptography, digital signatures, and public key cryptography.

In addition to a confidentiality service, cryptography also provides other security services such as integrity, authentication (entity authentication and data origin authentication), and non-repudiation...