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

Namecoin


Namecoin is the first fork of the Bitcoin source code. The key idea behind Namecoin is not to produce an altcoin but instead to provide improved decentralization, censorship resistance, privacy, security, and faster-decentralized naming. Decentralized naming services are intended to respond to inherent limitations such as slowness and centralized control in the traditional Domain Name System (DNS) protocols used on the internet. Namecoin is also the first solution to Zooko's triangle, which was briefly discussed in Chapter1, Blockchain 101.

Namecoin is used to essentially provide a service to register a key/value pair. One major use case of Namecoin is that it can provide a decentralized Transport Layer Security (TLS) certificate validation mechanism, driven by blockchain-based distributed and decentralized consensus.

It is based on the same technology introduced with bitcoin, but with its own blockchain and wallet software.

Note

The source code for the Namecoin core is available at...