Book Image

Foundations of Blockchain

By : Koshik Raj
Book Image

Foundations of Blockchain

By: Koshik Raj

Overview of this book

Blockchain technology is a combination of three popular concepts: cryptography, peer-to-peer networking, and game theory. This book is for anyone who wants to dive into blockchain from first principles and learn how decentralized applications and cryptocurrencies really work. This book begins with an overview of blockchain technology, including key definitions, its purposes and characteristics, so you can assess the full potential of blockchain. All essential aspects of cryptography are then presented, as the backbone of blockchain. For readers who want to study the underlying algorithms of blockchain, you’ll see Python implementations throughout. You’ll then learn how blockchain architecture can create decentralized applications. You’ll see how blockchain achieves decentralization through peer-to-peer networking, and how a simple blockchain can be built in a P2P network. You’ll learn how these elements can implement a cryptocurrency such as Bitcoin, and the wider applications of blockchain work through smart contracts. Blockchain optimization techniques, and blockchain security strategies are then presented. To complete this foundation, we consider blockchain applications in the financial and non-financial sectors, and also analyze the future of blockchain. A study of blockchain use cases includes supply chains, payment systems, crowdfunding, and DAOs, which rounds out your foundation in blockchain technology.
Table of Contents (14 chapters)

Blockchain Optimizations and Enhancements

Scalability is a crucial factor that is being talked about even before an application has been created. Yet, even after the application is deployed, the application will be required to be updated frequently to scale based on the application load. While scalability has been one of the concerns even in the blockchain space, it wasn't the first priority when the technology was first proposed. However, over time and due to the increased interest in the technology, people are now working toward the improvement of every aspect of blockchain technology.

In this chapter, we will explore various optimizations that can be implemented to help you achieve better performance or plan for scalability. We will also cover a few of the enhancements on the existing blockchain applications to add interesting functionalities. Most of the optimizations...